WANTING TO BUILD A HEALTH INSURANCE PORTFOLIO? 8 POINTS YOU NEED TO FOCUS ON
Health insurance is essential in today’s day and age and it is imperative to be adequately insured keeping in mind the increasing medical inflation and growing incidence of lifestyle diseases. It is therefore advised to buy a health cover early in life, say, by 30 or 35 years, so that one can serve the respective waiting periods when in best of health and utilise the policy when it is needed.
Further, there is a risk of being refused a policy at an older age due to growing health risks or being issued a policy with lots of exclusions that may make the policy cover inadequate or make the premium very expensive. Also, if you take policy in your early age, you can get the long-term financial benefit as well.
The right amount of health insurance cover ensures you a peace of mind particularly when it comes to paying hefty medical bills and post hospitalisation expenses, as these would be covered by the health insurance company. “Hence, the money saved can be productively utilized towards paying the personal loan, housing loans, credit card outstanding, etc. instead of paying your medical bills,” s
consumers can build their health insurance portfolio by focusing on these eight points:
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