Are you about to start your first job? You must be so excited. Dreaming about what you can do with the money you earn is common. And you should. However, there is one thing that you definitely should do –
Get health insurance!
This article explains the benefits of health insurance and why purchasing one should be among your top five priorities when starting your first job.
We spend most of our adolescence pursuing our education, moving on to further education to lay a strong foundation for our careers. Finding our first job is an amazing accomplishment in and of itself because it gives us the freedom to plan our future on our own. We are often advised to make wise investments for a secure future when we have a sizable quantity at our disposal. If this is the case, then why would you turn a blind eye to protecting your own health?
After landing your first job, one of the first few things you should do is purchase a quality health insurance policy. There are many benefits of health insurance. You should get one for the following reasons.
- Diseases don’t see age:
Health issues are not just a curse of ageing, so let’s not use this belief as an excuse for not purchasing health insurance. Everyone is susceptible to prevalent illnesses as a result of the present sedentary lifestyle, regardless of age. You can get sick when you are young too! As a result, it is crucial that you invest in a decent health plan when you are young so that when you eventually contract a sickness, you may already have completed the necessary waiting period, and your health plan may be comprehensive.*
- Medical inflation
You don’t need anyone to inform you that the price of medications is skyrocketing. There are now expensive advanced treatments and procedures available for diseases that were once incurable. Therefore, a single hospitalisation can negate any savings you may have made. So, what better method to deal with such uncertainty than a health insurance plan?
- Peace of mind
Even if you are in good health, there are chances you may get dengue or swine flu. You may have no control over it, and it may not be by choice. Even accidents can be unpredictable and lead to significant injury. In such situations, your age is irrelevant, and you should have a buffer to lessen the financial blow. Thus, having a health insurance plan can relieve you of this feeling of uncertainty and may give you peace of mind.*
4) Minimal sum
Your age and health have an impact on the premiums that health insurance providers charge. Since you are young and in good health, the premiums would be rather inexpensive, and since they are paid annually, there would be no monthly outlay.
Early investments in a comprehensive plan provide many benefits of health insurance. Starting with a modest cover and later adding a top-up plan is simple. This may address the issue of affordability. *
You can use a health insurance premium calculator to help you determine the premiums to be paid and thus help you decide on a plan that fits your needs.
* Standard T&C Apply
‘Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale. ‘