Why It’s Crucial to Buy Health Insurance at a Young Age and How Much Cover You Need 💡

Hi, I’m Avinash Randive! With over 16 years of experience in health insurance, I’ve seen first-hand how important it is to secure your health—and your financial future—with the right insurance. At Globe Xpand Community, we believe that buying health insurance at a young age is one of the smartest decisions you can make. Let me explain why! 😊

Why Buy Health Insurance Early? ⏳

When you’re young and healthy, you’re in the best position to get health insurance. Why? Because:

• Lower Premiums: At a younger age, you’re seen as a lower risk by insurers, meaning your premiums are much lower 🌱. Trust me, this can save you a lot in the long run!
• Avoid Waiting Periods: Most health insurance policies have waiting periods for certain conditions or treatments. If you get insured early, you clear these waiting periods without any stress 🕒.
• Financial Planning: Starting young allows you to build a solid foundation for the future. You’ll have peace of mind knowing your medical expenses are covered while you focus on your career and personal goals.

Medical Inflation in India is Real! 📈

Medical costs in India are rising every year by about 10-15%. That’s right—what costs ₹3-5 lakh today could cost you over ₹10 lakh in a few years. 😨 For example, bypass surgery, which might cost ₹5 lakh now, could be double or triple in 10 years. This is where the right health insurance comes in.

At Globe Xpand, I always tell my clients: "Plan for tomorrow, not just today!" The earlier you lock in your policy, the better protected you are from future medical inflation.

The Costs of Major Diseases in India 💸

Let’s talk real numbers. Here’s what treatment for some major illnesses can cost you in India right now:

• Heart Diseases (e.g., bypass surgery): ₹3-5 lakh 🫀
• Cancer Treatment (chemotherapy and surgery): ₹5-20 lakh 🧬
• Brain Surgeries (e.g., tumor removal): ₹3-7 lakh 🧠
• Kidney Transplant: ₹6-10 lakh 💧

These are just a few examples, but the costs are rising fast. Without the right health insurance, a medical emergency could wipe out your savings in no time.

How Much Coverage Should You Get? 🤔

Considering medical inflation and the rising cost of treatments, I recommend starting with at least ₹10-15 lakh in coverage. If you live in a metro city, you might want to opt for ₹20-25 lakh coverage to account for the higher cost of medical care. 🏥

At Globe Xpand, I always work with my clients to find the perfect coverage for their needs—whether you're single, married, or have a family. Your health is priceless, so let's make sure your insurance protects it properly!

What Happens If You Wait Until After 25 or 35? ⏳

Here’s why you shouldn’t wait too long to buy health insurance:

• After Age 25: If you buy health insurance after 25, your premiums can rise significantly. For example, a ₹10 lakh cover at age 25 might cost you ₹5,000-8,000/year, but if you wait until 35, the same coverage could cost you ₹10,000-15,000/year! 😲
• After Age 35: This is when lifestyle diseases like diabetes or hypertension start creeping in. These conditions not only raise your premiums but might also have waiting periods before they’re covered.

I’ve seen so many people regret not getting insured early. Imagine earning well, but one major hospital bill wipes out all your savings. Don’t let that happen to you! 🏥💸

Plan for the Future: Start Today! 🌟

Your health may be unpredictable, but medical inflation is not—it’s going up every year. That’s why securing health insurance while you’re young is one of the smartest financial decisions you can make. 🧠 The sooner you get covered, the more peace of mind you’ll have knowing you’re protected against future medical costs.

At Globe Xpand, my goal is to help you make informed decisions for your health and wealth. Don’t wait—get insured today and protect both your physical and financial health for the long term! 💪