How the younger generation benefits from health insurance?

Being healthy is nothing but being at your best, both physically and mentally. And being healthy leads the way to wellness and happiness. Right from the time we are young, good health and wellness should be among our top priorities.

The millennials of today are well-informed and innovative. But are they conscious enough to understand that financial protection against unforeseen health-related expenses is just as essential as remaining healthy?

This point is relevant and critical, especially when our work culture has taken a paradigm shift to a sedentary nature. Moreover, in today’s competitive world, the younger generation tends to ignore their health in their race to meet life aspirations. 

This shows us that health care and health insurance aren’t products catering only to the middle-aged and the elderly. The rise in the incidence and onset of many lifestyle diseases like diabetes and blood pressure in the younger age groups and the claims data available among insurers signifies that the younger generation is equally susceptible to health risks that are unforeseen and lifestyle-induced. Besides, an unexpected hospitalisation and a heavy medical bill could dig into one’s savings and shatter one’s dream for a better tomorrow.

Hence, it is worth being wise and opting for health insurance cover at a young age to earn the priceless gift of a long, healthy and beautiful life.

Why is health insurance necessary for younger people?

Wide Cover

The plans from Star Health Insurance provide wide cover. They provide cover for expenses incurred for day care procedures and vector-borne diseases, maternity benefits, OPD and much more. Also, many wellness-related benefits and discounts that are relevant to the millennials are provided.

Bonus for Non-Claim Years

Our insurance policies offer a ‘No Claim Bonus’ if the insurer does not make any claims during the preceding year of a policy term. They can receive up to 100% of no claim bonus in the following years.

Waiting Period and Pre-Existing Diseases

Certain pre-existing diseases are covered only after 12, 24 or 48. The benefit of buying a policy early is that pre-existing ailments automatically get covered as the person ages.

Multiple Choices

If someone is between the ages of eighteen and forty, they have a wider choice of Star health plans than they would have in their fifties or sixties.

Less Premium

The premium amount is less when you purchase an insurance policy before the age of forty.

Tax Benefit

You may claim the premium you pay as a deduction from your total income under Section 80-D of the Income Tax Act.

Your good health, well-being and peace of mind are deeply entwined with the welfare of your family and loved ones. Hence, health insurance is an indispensable investment for a blissful and healthy tomorrow.

This is also the reason for coming out with our Young Star Insurance Policy, which takes care of the health needs of people aged between eighteen and forty and offers a host of unique benefits.

Stay young! Stay healthy!

Anand Roy
Managing Director
Star Health Insurance

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