Compare & Buy Car, Bike and Health Insurance Online - InsuranceDekho
Claim, renew, manage & moreLogin
Hurry Up!
Save upto ₹75,000 on taxes in 80D. Buy a health insurance now!
View Plans

How Much Health Insurance Does a 30-Year-Old Need?

Updated On Jan 10, 2023

When an individual reaches the age of 30, a lot of responsibilities follow them. Most of us are already married and are planning to have children. Thus, it becomes crucial to plan healthy goals for yourself and your family. When planning for a healthy future, we often think of buying a health insurance policy. It safeguards you and your loved ones financially in case any medical emergency arises. Despite our best efforts, we end up purchasing a limited-coverage insurance plan due to a lack of knowledge. In this article, we'll explain how much health insurance a 30-year-old requires, as well as the factors to consider when buying it. 

How Much Health Insurance Does a 30 Year Old Need

How Much Health Insurance Plan Coverage Does a 30-Year-Old Need? 

At the age of 30, one of the most important parameters that you need to consider is the “sum insured” of your health insurance policy. It is the total amount that individuals can claim in the event of a future medical emergency. In case you’re purchasing a family floater health insurance policy, you must calculate the sum insured on the basis of the total number of people covered, family members' ages, their medical histories, and your future plans. 

A policyholder may have to pay a nominal premium amount to the health insurance company in exchange for the sum insured. The premium payable depends on numerous variables, especially the sum insured. Therefore, you must check if the premium payable is affordable while choosing the sum insured. 

If any individual is most susceptible to the disease, then they must purchase an individual health insurance policy, as the insurance company will provide coverage only for you. In the event that you purchase family floater plans, all the family members will be covered under the same health plan, and the sum assured will cover everyone. While choosing from the types of health insurance policies, you must take the number of family members, their ages, and the premium payable amount into account. 

Factors That a 30-Year-Old Need To Consider While Purchasing a Health Insurance Plan 

Listed below are some of the parameters that you should take into account while purchasing a health insurance policy. 

  • Network Hospitals: 

When purchasing a health insurance policy, you should look for a list of network hospitals in your area that offer cashless treatment. This will ensure that you do not spend any money from your own pocket in case any medical emergency arises. 

  • Claim Settlement: 

You must compare different health insurance companies and choose the one that has the highest claim settlement ratio. In addition, you must check the reviews and ratings about the customer support of the company to ensure a smooth claim settlement process. 

  • Waiting Periods: 

In case you suffer from any pre-existing disease, including surgeries, maternity benefits, and others, you must check the waiting period mentioned in your health insurance policy document. Besides this, don’t forget to check the sub-limits and exclusions under your plan. 

  • Cumulative Bonus: 

The policyholders get a cumulative bonus in the form of a discount on the premium payable amount for not claiming their health insurance policy during the policy year. Therefore, in order to save the maximum on the premium payable amount, you must check if your health insurance company provides a cumulative bonus to the policyholders. 

  • Lifetime Renewability: 

A health insurance plan with lifetime renewability would be advantageous in the future. As people are more susceptible to critical illness and major health issues at an older age, insurance companies charge higher premiums on insurance policies. Therefore, it is a great choice to buy a health insurance plan at an early age. 

Conclusion 

With the changes in lifestyle, it has become important to buy an adequate amount of health insurance coverage for ourselves and our loved ones. The “sum insured” is an important factor that a 30-year-old must consider while purchasing a health plan. You can either buy an individual health policy or a family floater plan based on the number of family members.

Also Read: 

Insurer's Gear Up To Deal With The Upcoming Covid Wave

What Is Coinsurance In Health Insurance?

Disclaimer

This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.

Health Insurance Coverage Calculator

Who do you want to insured ?

  • Individual
  • Couple
  • Family
  • Parents

Age of eldest insured member ?

Where do you live ?

Metro
Non-Metro
Disclaimer : Actual Coverage might vary basis your location, age and number of members

Best Health Insurance Plans In India

  • Cover 5 L
    Starting at 832/month*
    No room rent limit 100% no claim bonusUnlimited restoration benefits3 years PED waiting period
    View All Features
  • Cover 10 L
    Starting at 739/month*
    No room rent limit Unlimited restoration benefits50% no claim bonus4 Years PED Waiting period
    View All Features
  • Cover 5 L
    Starting at 447/month*
    No room rent limit 33% no claim bonus100% restoration benefits3 years PED waiting period
    View All Features
  • Cover 5 L
    Starting at 1,312/month*
    No room rent limit 50% no claim bonus100% restoration benefits3 yrs PED waiting period
    View All Features
  • Cover 5 L
    Starting at 448/month*
    Single Private A/C Room 20% no claim bonus100% restoration benefits1 year PED waiting period
    View All Features
  • Cover 5 L
    Starting at 664/month*
    No room rent limit 20% no claim bonus100% restoration benefits2 years PED waiting period
    View All Features
  • Cover 5 L
    Starting at 675/month*
    No room rent limit 50% no claim bonusUnlimited restoration benefits3 years PED waiting period
    View All Features
  • Cover 5 L
    Starting at 690/month*
    Single Private A/C Room 100% restoration benefits3 years PED waiting period
    View All Features
  • Cover 5 L
    Starting at 546/month*
    Twin sharing room Zero no claim bonus100% restoration benefits2 years PED waiting period
    View All Features
  • Cover 5 L
    Starting at 566/month*
    No room rent limit 20% no claim bonus100% restoration benefits3 years PED waiting period
    View All Features
  • Cover 5 L
    Starting at 1,770/month*
    Zero no claim bonusNo restoration benefits1 year PED waiting period
    View All Features
  • Cover 40 L
    Starting at 62/month*
  • Cover 2 L
    Starting at 146/month*
  • Cover 5 L
    Starting at 806/month*
    Single Private Room 10% no claim bonus100% restoration benefits2 years PED waiting period
    View All Features
  • Cover 5 L
    Starting at 476/month*
    60% no claim bonus150% restoration benefits4 years PED waiting period
    View All Features
  • Cover 5 L
    Starting at 526/month*
  • Cover 5 L
    Starting at 855/month*
    25% no claim bonus100% restoration benefits4 years PED waiting period
    View All Features
  • Cover 5 L
    Starting at 448/month*
    Single Private A/C Room 20% no claim bonus100% restoration benefits1 year PED waiting period
    View All Features
  • Cover 5 L
    Starting at 396/month*
    No room rent limit Room rent upto 2% of SI Room rent upto 1% of SI No room rent limit
    View All Features
  • Cover 5 L
    Starting at 738/month*
    No room rent limit 50% no claim bonus100% restoration benefits3 yrs PED waiting period
    View All Features
Note: Premium is shown for 18yr old individual of Delhi
Show More
Must BuyMust Buy

Why to Buy Health Insurance Policy Online from InsuranceDekho

  • Tax benefit upto 75,000*
  • Claim support everyday 10AM-7PM
  • 66 Lacs+ happy customers