Health insurance helps in times of medical emergencies. However, at a younger age, one normally doesn't buy health insurance based on the thought that the health coverage provided by the employer is enough."Employers tend to offer group policies with bare minimum benefits that don’t cost them a lot, and this tends to cost you when critical illness or health conditions strike," said Rakesh Jain, ED & CEO, Reliance General Insurance.Also Read | Australia’s prime time battle against big techIt is, therefore, best to buy health insurance coverage when you are younger, that is, around 30 years of age.
This will not only keep the premium lower but also help in getting a high coverage. Besides, when you buy early, it comes without hassles as one.