HEALTH INSURANCE
5 REASONS WHY HEALTH INSURANCE IS ESSENTIAL FOR THE YOUNG GENERATION
Published By Livemint | 28 Mar, 2023
Health Insurance
Health insurance is an important aspect of life that everyone should consider
Young policyholders
Health Insurance can also help young policyholders stay financially secure for the future
Credit : Freepik
Here are 5 reasons why youth should buy a health insurance policy
Lower premium
Health insurance companies provide an early-age discount for young customers
No claim bonus(NCB)
Buying health insurance at a young could mean availing the benefits of NCB for years
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Waiting period
Young policyholders can bypass the waiting period for pre-existing illnesses
Financial stability
Health Insurance can help avoid financial instability arising out of huge medical costs
Credit : Freepik
Tax benefits
Health insurance premium is tax deductible under Section 80(D) of the IT Act
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