Health Coverage For Life: Why You Should Buy Insurance Early


Health insurance can seem unnecessary, especially when you’re young and healthy, but it’s actually a crucial investment in your future well-being & financial stability.

Let’s take the example of Krutika, a 25-year-old graphic designer who decided to get health insurance early in her career. She was healthy, with no pre-existing conditions, and the premiums were quite affordable. Two years later, Krutika had an unfortunate accident that required surgery and a week-long hospital stay. Thanks to her health insurance plan from CarePal Secure, the out-of-pocket expenses were significantly reduced, and she could focus on recovery without the stress of a financial burden.

This example illustrates that early investment in health insurance can be a lifesaver, both medically and financially. By starting early, you benefit from lower premiums, and you’re protected against the financial impact of unforeseen health issues. It’s a proactive step that ensures peace of mind and preserves your savings for future plans, like buying a home or travelling the world.

Determining The Right Age For Different Health Insurance Plans In India

The right time to purchase a health insurance plan can vary based on individual circumstances, health needs, and financial goals. Here’s a guide to help you understand the suitable age for different types of health insurance plans available in India:

  1. Individual Health Insurance Plan:Ideal for adults as soon as they start earning, typically from the age of 18 onwards. It’s advisable to purchase individual health insurance early to benefit from lower premiums and comprehensive coverage.
  2. Family Floater Health Insurance Plan:This plan is suitable for young couples or individuals in their late 20s to early 30s, especially when planning to start a family. It ensures that the entire family is covered under one plan.
  3. Senior Citizen Health Insurance Plan:Specifically designed for individuals aged 60 and above. It’s crucial to invest in this plan at the earliest eligibility age to secure coverage for age-related health issues.
  4. Critical Illness Insurance Plan:This plan is recommended for individuals in their mid-30s to early 40is when the risk of critical illnesses may increase and securing financial protection becomes essential.
  5. Group Health Insurance Plan:Automatically provided by many employers, so the suitable age is whenever one is employed and the plan is offered.
  6. Top-up Health Insurance Plan:This plan is ideal for individuals who already have a basic health insurance plan but seek additional coverage. It can be purchased at any age, depending on coverage needs.
  7. Personal Accident Cover: This can be purchased at any adult age. However, it is highly recommended for individuals at a higher risk of accidents, such as those in active professions or frequent travellers.
  8. Maternity Health Insurance Plan:Best purchased before planning a family, typically in the late 20s to early 30s, to ensure coverage for maternity expenses.
  9. Mediclaim Insurance Plan: Suitable for all ages, but purchasing early in adulthood can be beneficial to cover hospitalisation expenses without financial strain.
  10. Disease-specific Plans:Age suitability varies based on the disease covered. For example, plans like the Corona Kavach policy are suitable for all ages during a pandemic.
  11. Unit-Linked Insurance Plan (ULIP): This plan is suitable for individuals in their 20s to early 30s. It serves both as an investment and insurance, allowing for a longer period to grow the investment component.

It’s important to note that these are general guidelines, and the decision to purchase health insurance should also consider personal health history, family health history, and financial capacity.

Health Insurance Strategies For Your 20s, 30s, & 40s

Investing in health insurance is a vital step in financial planning, and the benefits of starting early cannot be overstated. Here’s why securing health insurance in your 20s, 30s, and 40s can be a wise decision:

In Your 20s: A Foundation for the Future

Starting health insurance in your 20s is advantageous for several reasons. Firstly, premiums are generally lower for younger individuals, making it more affordable to obtain comprehensive coverage. With fewer pre-existing conditions, you can bypass lengthy waiting periods and benefit from no-claim bonuses, increasing your sum insured over time without additional costs. Moreover, securing health insurance early sets a foundation for future financial stability, ensuring that unexpected medical expenses do not derail your long-term savings and investment plans.

In Your 30s: Balancing Responsibilities

As you enter your 30s, life often brings more responsibilities, such as starting a family or purchasing a home. Health insurance becomes even more critical during this stage. Opting for a family floater plan can provide coverage for your entire family under a single policy, which is more cost-effective than individual plans for each member. Furthermore, considering critical illness policies is prudent, as the risk for certain health conditions increases with age. These policies provide a lump sum benefit upon diagnosis of specific illnesses, which can be invaluable during a health crisis.

In Your 40s: Preparing for the Peak

Your 40s are often considered the peak of your career, and with higher income comes the ability to invest in more robust health insurance plans. At this age, it’s essential to review and possibly enhance your coverage to match your evolving health needs. Top-up plans can extend your existing coverage at a relatively low cost, providing an additional safety net. It’s also a time to consider plans that offer comprehensive benefits, including preventive health check-ups and wellness programs, which can contribute to maintaining your health and detecting any issues early.

Here’s why securing health insurance at a younger age can be a wise investment for your future.

1) Lower Premiums, Higher Savings

One of the most significant advantages of early health insurance is the lower premium costs. Insurers often offer more attractive rates to younger individuals due to the lower associated health risks. For instance, a policy purchased at 25 may have a considerably lower premium than the same policy bought at 35.

2) Overcoming the Waiting Period

Health insurance policies typically include a waiting period for specific conditions and treatments. By securing insurance early, you’re more likely to surpass this waiting period without making a claim, thus enjoying uninterrupted coverage when you need it most.

3) Comprehensive Coverage

Young adults can enjoy comprehensive benefits and coverage, including wellness programs, preventive care, and more extensive policy features that might not be as readily available or affordable later in life.

4) Avoiding Medical Check-ups

Purchasing health insurance early often means you can bypass the medical check-ups that older applicants may be subject to, simplifying the process and ensuring immediate coverage.

5) Policy Rejections Minimized

With fewer health risks at a younger age, the chances of facing policy rejections or exclusions based on pre-existing conditions are significantly reduced.

6) Tax Benefits

Investing in health insurance can also offer tax benefits, allowing you to save money while you secure your health. These savings can be substantial over time, contributing to your overall financial well-being.

7) No-Claim Bonuses

Many insurers reward policyholders for not making claims with bonuses, which can accumulate and increase your coverage or reduce future premiums.

8) Better Financial Planning

Early health insurance enables better financial planning, allowing you to allocate resources effectively for other life goals without the looming concern of medical expenses.

9) Quality of Life

Ultimately, early health insurance is not just about financial benefits; it’s about quality of life. Knowing that you’re covered can relieve stress, promote healthier living, and allow you to focus on what truly matters.


Health insurance is not just a safety cover; it’s an investment in your well-being & financial security. The earlier you start, the better prepared you’ll be to handle life’s uncertainties. Whether you’re in your 20s, 30s, or 40s, there’s a health insurance plan that can cater to your needs and provide the protection you deserve.
So, why wait? Starting your health insurance now can save you a lot of trouble and money later. It’s a smart move for anyone who values their health and their wallet.