Health Insurance Guide for Young Buyers

Published By: Nav Gujarat Samay ​

Published Date: 16-05-2022

Young adults often overlook health insurance, believing they're healthy enough to avoid medical issues. However, this misconception can lead to financial strain when unexpected health problems arise. Even if you're young and healthy, accidents can happen anytime, making insurance crucial.

When purchasing health insurance for the first time, consider both individual and family coverage options. Most policies cover hospitalisation costs, medications and doctor consultations. The ideal coverage amount ranges between ₹15-20 lakhs, providing adequate protection without excessive premiums.

First-time buyers should focus on comprehensive coverage rather than just premium costs. Important factors to consider include network hospital accessibility, claim settlement ratio, waiting periods for pre-existing conditions, coverage for specific illnesses and cashless facility availability.

Remember that health insurance isn't just about emergency protection—it's a long-term investment in your well-being. Starting early allows you to complete waiting periods while you're still healthy and secure lower premiums that typically increase with age.