back arrow Back

What insurance to go for?

reply Share
30 Sep, 2020 by  Michael Gilbert

Hi,

I don't have any health or term insurance till date. I am 26 years old and bit confused as to should I prefer health insurance over term insurance or go for both.

Please suggest me a suitable health insurance product in the market at an affordable premium with good plan and what cover I should go for.

like like
0
Term Life Insurance
Health Insurance
Opinion

1 Answer

Post
30 Sep, 2020
Avinash Sonee

Hi Michael,


Personally I'd recommend to have an health insurance first and then plan for term insurance.

You should definitely take an health insurance plan asap, especially given the pandemic situation and the risk this entails.


If you are working at an organization, you might already have some coverage but it is always good to have a personal health insurance to be risk free. Alternatively, you may also go a top-up plan..


Check this article on buying an health insurance. Which health insurance product to go for depends on various factors like your requirement, policy coverage, waiting periods, network hospitals, sub-limits, etc. Do spend some time to compare different plans and understand these points.


I'd recommend you to choose a plan which has no sub-limits or room rent limits and also has good network coverage in your location while keeping in mind your budget.


This handbook on term insurance should give you a good start to understand the what, why and when of term insurance.


Thank you

like like
0
icon-comment 0 Comments
icon-reply Reply
Discover the best tips for insurance every week!
beshak logo

Beshak is your source for clear, research-backed information & analysis of insurance plans. Our sole focus is to help you make well-informed decisions on insurance. We don't sell or advertise insurance plans or companies.

facebook icontwitter iconlinkedin icon

Beshak is not regulated by the Insurance Regulatory and Development Authority of India (IRDAI) and does not have any alliance or association with any Insurance business. © Copyright 2021 Beshak Solutions Pvt. Ltd. All Rights Reserved.

Disclaimer: The content on the website is purely for information purposes for the public at large, and does not constitute personal financial advice for a specific individual reader.
If you are reading this, it means you love reading the fine print. Why not get paid for what you love doing - Join us by writing to info@beshak.org now 🙂