Buying Health Policy At Early Age

Health policy has brought much relief in the life of an individual. It is the right means to be used to finance medical expenditure. But, controversial is that many people believe that these plans should be brought in old age, when a body becomes prone to health risks. It shows that this is the pool of people who are not much aware of the benefits of a health policy.

Health policy, if brought at early age, offers the following benefits;-

• For every claim-free year, there is cumulative bonus, which adds up to sum insured amount and augments the sum insured amount. A person might not avail it in later stages of life, as a chance of clam-free year reduces.
• One buying health insurance at early age has to pay less premium amount.
• Maximum number of health insurance plans in India has cover ceasing age, beyond which there is no coverage offered.
• If a plan is bought at old age, when a human body becomes more prone to diseases, waiting period can keep an insured away from the coverage.

An ideal way to adopt is to buy health policy with lifelong renewal at early age and get it renewed regularly. Apollo Munich offers this benefit of lifelong renewal with its plans.