Health Insurance For a Young Couple

If you have landed on this page, we assume you are a newly married individual looking for financial security in the form of health insurance. So, first of all congratulations for starting a new chapter in life! For many young couples, buying health insurance may not be a priority but it is amazing that you are already thinking about creating a financial back-up. 

Let us take you through what’s in store for young couples in terms of health insurance. In this article we will discuss ideal plans, how much sum insured you need, how much you need to pay, and much more. Let’s get started.

A young couple must consider health insurance a prudent investment against medical emergencies that may arise across life stages. Health insurance premiums paid to get continuous coverage are an indispensable long-term financial safety net against the towering costs of hospitalisations, surgeries, diagnostics, etc, that may hit without warning. Further, policies also provide tax savings under Section 80D up to Rs. 25,000 based on the coverage chosen.

For most young couples and families, a family floater plan is often the ideal solution. A family floater health insurance policy provides coverage for the entire family under a single plan and sum insured. This includes the policyholder, their spouse, dependent children, and sometimes even dependent parents or in-laws. The key advantage is that the total sum insured floats over the entire family and can be utilised by any member for medical treatment as needed. This provides greater flexibility and coverage compared to individual plans.

Our premium plan with unrivalled benefits:

Balances protection with affordability via:

A wise coverage booster:

ACKO health plans offer several distinctive features that are not commonly seen among other insurance providers. Plans provide lifetime renewability, ensuring coverage throughout one's life without premium increase, unlike competitors that may cancel policies after a certain age. ACKO's consolidated digital platform further enhances user experience through seamless online claims, doctor consultations, and wellness services - amenities lacking with traditionally structured insurers. ACKO has successfully conducted a differentiated health insurance model

Here are some tips to select your ideal sum insured under health insurance for a young couple.

Weighing these criteria helps choose the optimal insured amount, securing your family's healthcare needs both now and longer term.

The ideal sum insured for a young couple depends on various factors such as your age, health conditions, living location, and financial capacity. Here is an example with estimated costs:

For a young, healthy couple, a sum insured of Rs. 5-10 lakhs could be sufficient. A basic plan with a Rs. 5 lakh cover may cost around Rs. 8,000-12,000 annually, while a Rs. 10 lakh cover could be in the range of Rs. 12,000-18,000 per year.

calculate your health insurance needs with health insurance premium calculator.

Investing in a higher coverage plan can be a wise long-term decision for young couples:

Proper assessment of the above criteria facilitates customised selection of the most suitable plan addressing present and future protection necessities.

There are two main types of health insurance claims: cashless and reimbursement claims. Let's understand each of these and see which one might be more beneficial, especially for young couples.

In a cashless claim, the insurer directly settles the medical bills with the hospital. The policyholder doesn't have to pay anything upfront (except for non-admissible expenses or deductibles). However, cashless claims are only possible at network hospitals – these are hospitals that have a tie-up with the insurance company.

In a reimbursement claim, the policyholder must first pay all the medical expenses out of their pocket. They then submit the bills and required documents to the insurance company, which verifies and reimburses the eligible expenses.

For young couples, cashless claims can be more beneficial for several reasons:

As a new-age digital insurer, ACKO policies offer unmatched convenience through an integrated mobile app allowing policy purchases, claims submissions and renewals on the go. Here's how:

Moreover, buying health insurance from ACKO can be more affordable compared to traditional insurers. As a digital-first company, ACKO has lower operational costs, which enables us to offer competitive premiums without compromising on coverage or service quality.

Health issues can hit like sudden shocks without warning, disrupting lives dramatically due to exorbitant treatment costs. Hence, buying adequate health insurance coverage acts like a protective shield that provides much-needed peace of mind. It ensures finances are a manageable factor in providing the best care and facilities for your loved ones should critical health crises arise.

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.