Thread by @BahlKanan

Medical Insurance in India is rising at 14% p.a.📈

In 2020, when my grandfather got admitted to the hospital after Covid, the bill was a whopping ₹20,00,000

In 2025, this will cost ₹40,00,000🤯

Here's more on why you should buy insurance today🧵👇

[1] Lower Premiums For Life

👉Age is not just a number🔞

👉Insurance purchased in the early 20s are much more affordable than for people in 30s and 40s

👉This is because in the 20s you would be in the pink of your health and most probably you won't make claims

[2] Reduced Chances of Rejection

🔸Applications of people:

👉Aged 60+
👉Diagnosed with illnesses like heart problems

🔸Have higher chances of rejection than people at a young age who suffer from fewer health issues

🔸Premiums are also expensive for people with comorbidities🔻

[3] Personal example

A relative died due to Covid leaving 2 kids and a housewife

Had loans of 1.15 Cr+. Bank is taking the house

1,50,000 deaths due to accidents happen in India every yr. Bad time doesn't come knocking

Saying "term plans don't give returns" is a big fallacy

[4] Reduces Tax liability

🔸Investments made in insurance are eligible for deductions under Old tax regime💸

👉Life Insurance - ₹1,50,000 u/s 80C

👉Health Insurance - ₹25,000 till the age of 60 u/s 80D

🔸Effectively, you pay just 70% of premium if you fall in 30% tax slab

[5] Less Dependence on Employer

Salaried employees are usually covered by the employer under a group term plan but:

🔸This cover might not be enough as per your lifestyle

🔸Will not work once you leave the firm

Opt for a separate insurance plan to safeguard your loved ones

[6] Now what?

I purchased a life insurance plan couple of years back

Because I knew that it makes more sense to get insured early

You can speak to the insurance experts at Ditto who offer spam-free, personalized advice

I have myself used their service :)

Here's how👇

1. Go to Ditto’s website  — bit.ly/41pzeE7

2. Click on “Book a FREE call”

3. Select Term Insurance

4. Choose the date & time as per your convenience and RELAX!

And Ditto's advisors will take it from there! Limited Slots! #partnership