Why should you buy health insurance at an early age?

A thread.👇(1/n)
#1 Better prices

Since the insurer is at a lower risk of getting claims, you can get a large cover at low premiums. But do note that these will increase with age.
#2 Comprehensive covers

Healthcare costs keep rising, so your company cover may fall short. Getting an individual cover early can provide you with adequate protection over and above your corporate plan. You’ll also be in a secure spot after retirement.
#3 Waiting period problem

By buying while young and healthy, you cross the waiting period for illnesses well in advance. Later on, you can fully avail benefits if the need arises.
#4 Bonus

If you continue with the same policy for years, most insurers give cumulative no-claim bonuses. Think- 10-50% bonus every year (up to a limit). Can’t say no to that!
#4 Better Financial Planning

With health insurance, you’re pretty sorted for unforeseen medical bills. So, you can focus on finding other uses for your money, like long-term investments. And, you have tax benefits too.
#5 Lifestyle

There’s pollution, global warming, and whatnot now. Coupled with today’s hustle culture, even young people are falling prey to heart and lung diseases.
In fact, Cardiologists say that over the last 10 years, they’ve seen a stark increase in people in their 20s and 30s having heart attacks. A health insurance policy can be of help here.
If you found this helpful, share it with someone.🚀

And hey, if you have any queries on health insurance, don’t hesitate to book a free call or text us on WhatsApp- bit.ly/3DF3ZtE (n/n)

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More from @joinditto

24 Nov
44% of people from our recent poll believe that one should choose a term #insurance plan with '2 cr cover till 85' over '3 cr till 65', assuming they cost the same.

But that might not be such a smart move, financially speaking, and here's why. 👇 (1/n)
The thing is that a term insurance plan is most effective when your absence deals a financial blow to your family.
God forbid, if something unfortunate happens to you when you're in your 40s or 50s, your children might be young & your spouse may be unable to single-handedly bear the brunt of it all.
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21 Nov
What if your insurance company goes bankrupt?

You’re a diligent policyholder. You make timely premium payments. So, if the need arises, you’ll obviously expect your insurance company to meet your claims in full.

But, one question looms over you: will my claims be thrown under the bus if my insurer goes under? (2/7)
The answer’s no. Tell you why.

See, it’s not like someone decides to start an insurance company today, & it materializes tomorrow. There are strict regulations at play here.
Read 7 tweets
20 Nov
Did you know you already have 10 LAKHS worth of free insurance with your debit or credit card?

Here's all you need to know about how to claim it.

A thread👇(1/n)
Guess what?

ATM, Credit, and Debit cards aren’t just for shopping and banking.

What most people don’t know is they have other less-known benefits too. Like complimentary insurance!
Almost every bank provides Personal Accidental insurance to customers with an operational bank account.

👉Depending on the type of card, this cover ranges from ₹50000 to ₹10 lakh.
Read 7 tweets
18 Nov
Everyone's buying term insurance before premiums get hiked by almost 40% this December.

Here's all you need to know about which add-ons you should consider if you're buying a term plan.

A thread.👇 (1/5)
1.) Life Stage Benefit

Term insurance policies are rigid- coverage stays the same till the policy expires.

👉With a life stage rider, the insurer provides the flexibility to increase cover by a certain amount during major life events like getting married & having kids. (2/5)
2.) Waiver of Premiums

Imagine you get disabled (it’s a painful thought, I know). You lose your job, and your family suddenly has no income.

But you have a life insurance policy. Who will pay the premiums?... (2/6)
Read 6 tweets
28 Oct
#Starbucks is the world's largest coffee chain, with 300,000+ employees in over 30,000 retail locations, earning billions of dollars in revenues every year.

But did you know it spent more on employee healthcare than coffee beans? (1/8)

Thread. 👇
The year is 2008, the world is going through a recession and after an 8-year premature retirement, Howard Schultz (Ex-CEO at the time) returns back to take the reins of a struggling Starbucks. (2/8)
The recession had been hard on Starbucks, the promising giant that Howard had left in 2000 had turned into a money bleeding behemoth.

Things were so tense that Howard had to lay off 6,700 employees and close down 600 stores. (3/8)
Read 8 tweets
27 Oct
Lessons you can incorporate in your #financialplanning from one of the greatest texts on warfare and military strategy- the Art of War by Sun Tzu.

Thread.🧵 Image
Sun Tzu believes the general that makes many preparations prior to a battle is victorious. Image
Plan your finances with proper research and due diligence, and you've already won half the battle. Image
Read 9 tweets

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