5 BENEFITS OF BUYING A MEDICAL INSURANCE BEFORE TURNING 30
Health insurance or medical insurance cover is something which is necessary in the life of every individual. It gives you a major cushion considering the fact that treatment costs in India have gone through the roof.
Having said that, it is always good to buy a medical insurance before 30 as it helps is tackling medical emergencies.
In view of this scenario, financial advisors often ask people to buy a health insurance at an early age in life. So without further ado, here are 5 reasons why you should by an health insurance before you turn 30.
It may be noted that buying an insurance premium earlier will reduce your monthly contribution towards it. Suppose if you buy a medical insurance of Rs 5 lakh at the age of 25, you will need to shell out Rs 5,000.
The same insurance cover cost rises to Rs 6,000 per month when you are 35 years old; and at 45, the cost goes up to Rs 8,000 per month. This is one reason why financial advisors ask people to get a medical insurance cover early in life.
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