Buy Health Insurance for a 20-Year-Old Starting @₹20/Day*

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During your 20s, you will face a time when you can find yourself becoming aware of financial adversities and health risks in a sedentary life. Therefore, once you become conscious of the importance of health insurance, you can proceed accordingly, taking adequate steps to protect yourself financially during medical emergencies.

So scroll down to know more about some of the genuine points regarding your investment in health insurance for a 20-year-old.

Why you need Health Insurance at 20?

With the advent of the global pandemic, the medical inflation rate has increased. Besides, within Asian countries, India has the highest medical inflation rate of 14%, as of 2021. Thus, buying health insurance at an early age helps you plan your finances accordingly and get maximum coverage with a reasonable premium amount.

Among the healthcare costs in the country, ACKO’s health insurance can act as a shield in your 20s, where its premium amount will be based on your age.

Is Buying Health Insurance Early Actually Helpful?

There can be several benefits to opting for health insurance at an early age. Some of them are listed below:

Even though sedentary lifestyles can lead to the occurrence of health issues, they will still be less in number as compared to an older age. So when the health issues you face are lower, it will automatically translate to a lower premium amount, covering you for medical emergencies.
You can opt for a family health insurance plan, through which you and your parents can benefit.
It can act as a financial shield in case of any major accidents or health issues.
You can also enjoy tax benefits under Section 80D of the Income Tax Act.

Health Insurance Costs for 20-year-olds: How much to cover yourself and family?

For the health insurance you will be choosing, you need to pay a premium amount. However, the premiums are customised based on various factors like your age.. Hence, when you opt for health insurance in your 20s, when you have perhaps just secured a job, you can easily afford to pay the premiums. If you can invest in a higher sum insured, you can be stress-free as you have built yourself a solid financial safety net.

Our best health insurance plans come with unique features like Zero Deductions on claims and no room rent capping. Thus, you get the full claim amount irrespective of which AKCO plan you choose.

Key Factors for 20-Year-Olds When Choosing Health Insurance

Here are some important factors to consider when buying a health insurance plan in your 20’s.

Premium and Sum Insured

The most important factor to check is how much you need to pay as premiums along with the total sum insured you will be getting. Make sure to create a realistic budget and stick to it while purchasing medical insurance.

Coverage

Ensure the total coverage you will be getting in your policy. You need to be sure you get coverage for the new age treatments along with pre and post-hospitalisation costs. If you can get coverage on specific illnesses or diseases, it is even better.

Claim Process

Ensure that the insurance company’s claim process is convenient and hassle-free so that you can easily claim the sum insured during a medical emergency.

Waiting Period

Waiting period or the time till when you cannot claim your sum insured, must be less. At times, it can even stretch to 4 years depending on the insurance plan and insurance provider. Make sure to check it before purchasing a plan.

Add on Covers

With add-ons, you can benefit by maximising your health insurance coverage. So you can check if the health insurance provider offers such add-ons and what additional premiums you need to pay for the same.

What Benefits Do I Get for Choosing ACKO?

The need for health insurance for a 20-year-old is important, hence you must look out for added benefits. There can be several benefits to opting for a health insurance plan from ACKO. Some of these include the following:

While other insurance providers can pay up to 85% of the total medical costs, ACKO plans pay 100%, acting as a financial shield for you during medical emergencies.
With the ACKO Platinum Health Insurance plan, there would be no waiting periods. The plan also offers Rs. 1 Crore and Unlimited sum insured with cashless hospitalisation in around 14,300+ hospitals in India.
There will be no fixed copay or hospital room rent limit if you purchase a health insurance plan from ACKO.
With the ACKO Platinum Super Top-Up health insurance plan, you can opt for a high sum insured, along with effective add-on coverage for critical illnesses and ambulance trips at affordable premiums.

Enhance your health insurance by exploring these unique benefits
OPD Cover	Room Rent Limit	Cashless Health Insurance	Unlimited Sum Insured	Zero Waiting Period

Why is Raising Claims Easier with ACKO Policies?

There can be various reasons why raising claims is easier with ACKO policies. Some of them have been listed below:

As compared to other insurance providers available in the market, ACKO's healthcare policies can help you benefit from several offers including lower premiums.
ACKO has a personalised mobile application with a very easy interface that lets you have access to your accounts conveniently. Besides, their easy claiming process comes with an added advantage.
At ACKO, you can buy health insurance directly from us. This eliminates intermediairs and thus, in turn hefty commissions while buying cheap health insurance for 20-year-olds.

Wrapping It Up!

Most 20-year-olds begin to understand the importance of building a financial portfolio. Health insurance is an important part of this portfolio. This is where ACKO helps. So, start building yours with the right health insurance for a 20-year-old today!

Frequently asked questions(FAQs)

The following are the commonly asked questions regarding health insurance for 20-year-olds:

Which insurance is best for a 20-year-old?

ACKO Standard Health Insurance plan can be the best option for a 20-year-old. It comes with an affordable premium option and other benefits.

What is the best age to buy health insurance in India?

It is always best to opt for a health insurance plan at an early age. Once you start earning, you must understand the current medical inflation and get healthcare policies for yourself and your family to financially secure your future.

Is 5 lakh enough for health insurance?

5 lakh can be enough for a health insurance plan if you opt for it at an early age. However, once you cross your 20s you must opt for a higher sum insured since growing age may come with an increasing number of health issues.

What is the age bracket for health insurance?

There is no age bracket for health insurance. Whether you are in your early 20s or middle-aged, once you know how to apply for health insurance, you can opt for a health insurance plan based on your preferences and budget.

Does a 20-year-old need 1 crore health insurance?

Since when you are at an early age, the number of health issues can be less, you can avoid opting for a 1 Crore health insurance. However, with the growing medical inflation in the country after the global pandemic, a 1 Crore health insurance has become nothing but a necessity. So you can consider going for a 1 Crore ACKO Platinum Health insurance plan once you reach your late 20s.

Disclaimer: The plans, services, features, processes, and other details mentioned on this page are subject to availability and changes. Please check the applicable policy wordings before making any insurance-related decisions. Feel free to reach out to us at [email protected] for any queries.