Millennials, Here Are 5 Best Health Insurance Options for You
Published On Nov 13, 2019, Updated On Nov 11, 2020
The age range starting from 21 years up to 35 years is considered to be crucial for individuals. The reason is that during these years, a person explores a lot about themselves, chooses the correct professional path for themselves & works towards achieving their goals, understands the difference between the right and the wrong, and a lot more. All in all, this age range is considered to be the growing age where a person, after a few years of avoiding responsibilities, finally becomes mature enough to understand and accept a lot of things.
It may come across as unnecessary to many, but the age between 21 years up to 35 years is also the time to understand the significance of health insurance. While health insurance is considered to be the ideal topic for people above 40 years of age, the fact is that those who invest in their health by buying a suitable health insurance plan in these early years attain the most benefits.
Considering Health Insurance Between The Age of 21-35 Years
With the passage of time, many youngsters and young adults have understood the importance of selecting a health insurance plan to get their medical needs met at the time of a medical emergency. However, there are many individuals who think that there is still a lot of time for them to start taking health insurance seriously.
What many young people don’t know is that choosing an ideal health insurance policy in the early years is not a burden, but a boon. Health insurance at a young age offers various benefits that don’t come with plans at a later age.
Here are a few reasons why buying health insurance at an early age is beneficial:
- Multiple and better health insurance options
- Lower rejection rates
- No waiting period or the waiting period gets exhausted soon
- Policy at a young age comes with a low premium feature
- Greater hospitalisation coverage and other benefits
- Cumulative bonus on not claiming in the previous year of the policy term
- Benefits for a longer period of time
- Tax benefits under Section 80D of the Income Tax Act, 1961
- Additional coverage over employer insurance
Health Insurance Policies for Young Generation
- Aditya Birla - Activ Assured Diamond Plan
Having sum insured range starting from Rs. 2 Lakh up to Rs. 2 Crore, Activ Assured Diamond Plan by Aditya Birla is a worthwhile health investment. Available on individual and family floater sum insured basis, the plan has a minimum entry age of 5 years (91 days under family floater) with no maximum entry age. Coverage features such as free health check-up, domiciliary hospitalisation, AYUSH treatment, second opinion for 15 critical illnesses, and others are a plus in the policy. It comes with family and long-term discounts and helps you earn up to 30% of your premium as HealthReturns.
Read more about Activ Assured Diamond Plan here.
- Bajaj Allianz - Health Guard Plan
With sum insured options ranging between Rs. 1.5 Lakh up to Rs. 50 Lakh, Health-Guard Plan by Bajaj Allianz is a superior health insurance choice. Available in two different plan forms, namely Health Guard Individual and Health Guard Family Floater, the plan has an eligible age range starting from 18 years (3 months under family floater) up to 65 years. The plan offers common coverage for sum insured reinstatement, day care procedures, maternity & newborn baby, free preventive health check-up, and multiple others. The common discounts offered include family discounts and long-term discounts.
- HDFC ERGO - Health Suraksha Gold Plan
A reliable and affordable choice to go with, HDFC ERGO’s Health Suraksha Gold plan comes with a sum insured range of Rs. 3 Lakh up to Rs. 10 Lakh. With eligibility age range starting from 91 days and no limit thereafter, Health Suraksha Gold plan can be availed on individual or family floater sum insured basis. The major features covered under the plan include maternity expenses & new born baby cover, AYUSH benefit, domiciliary hospitalisation, free health check-up, convalescence benefit, and countless others. The discount types available include premium in advance, family discount, discount on base premium on choosing co-payment.
- Max Bupa - Health Companion Plan
Health Companion by Max Bupa is a comprehensive plan with sum insured range between Rs. 2 Lakh up to Rs. 1 Crore. Available on individual and family floater sum insured basis, the plan is eligible for individuals aged 91 days and more. The plan doesn’t come with a maximum entry age. Prime features that the plan covers includes inpatient treatment under AYUSH treatment, health check-ups for self and family, restoration of sum insured, no claim bonus, and many more. When it comes to discount, you get one on the second year premium for taking policy for two years.
Read more about Health Companion plan here.
- Religare - Care Plan
Religare’s Care plan is a good choice for Millennials. Having a sum insured Rs. 4 Lakh up to Rs. 6 Crore, Religare Care comes with an eligibility age range that starts at 91 days and has no maximum entry age limit. Available under individual and family floater sum insured basis, the plan has multiple variants to offer, such as Care 3, Care 4, Care 5, Care 6 and Care 7. The key features covered under the plan are sum insured restoration, AYUSH treatment, domiciliary treatment, and various others. Existing customer discounts, family discounts, long-term policy discounts are the discounts available under the policy.
If interested in learning more about policies, you can also call our experts at 7551196989.