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health insurance : Health insurance has become an important part of financial planning these days. Health insurance protects you from major expenses incurred during any illness or treatment. Many people buy health insurance at the age of 25, while many people buy health insurance at the age of 30 and 35. In such a situation, the question arises in the minds of those who have not yet taken health insurance, is it the right time to take health insurance?
The answer to such a big question is very simple. The sooner health insurance is taken, the better it is. If you are 25 years old and you can buy health insurance for yourself, then you should not delay and buy health insurance. There are many benefits of buying health insurance at a young age, let's find out.
Premium
The premium of health insurance depends on your age and medical condition. If you are young and have a clean medical history, your insurance premium is significantly lower. As you grow older, health problems start to appear which increases the premium.
Great coverage
Buying a policy at a young age is more likely to provide great coverage. In fact, companies are less concerned about claims from young customers. In that, insurance companies provide great coverage in policies to young people.
Pre-existing diseases
Insurance companies impose a waiting period of 2-3 years for coverage of pre-existing diseases. This means that if you have any disease, you will start getting coverage for it 2 or 3 years after buying the policy. Generally, a person does not fall prey to diseases at a young age and in such a situation, if he already has a policy, he does not have to wait for coverage for any new disease.