Best Health Insurance for Your 20s, 30s, and 40s

By James New Last updated Dec 8, 2024

Considering the present pandemic situation, medical inflation, and the rising incidence of lifestyle diseases, you should immediately opt for health insurance regardless of your age. It has several benefits and always keep you secure from the financial stress that any medical emergency can give you at any age. But, if you are confused while choosing the best health insurance plan, here you can read about different health insurance plans for your 20s,30s, and 40s:

Health Insurance Plan For the 20s

The earliest you insured yourself, the sooner you can reap the benefits of medical insurance. Attaining 20s is perfect for getting yourself insured and handle your medical expenses independently. However, it is possible only if you have earning hands. So, you can opt for an individual health insurance plan that has the below features:

Minimum age criteria to buy the individual or family floater health policy
Lower health insurance premium so that you can afford it without giving a financial burden to your parents
Sufficient sum insured, leading health insurance brands like HDFC Ergo, ICICI Lombard, Care Health Insurance offer health insurance with 3-5 lac sum insured. So you can check and opt for the one that you think enough for your healthcare needs
Extensive coverage for in-patient hospitalization, pre and post hospitalization, ambulance, second opinion, alternative treatment, and more
Easily get over the waiting period for the pre-existing disease. As a young individual in your twenties, you are less vulnerable to chronic diseases like diabetes and hypertension
Avail of add-on benefits like no claim bonus, automatic recharge, global coverage, international second opinion, and annual health check-up.
No Requirement for Medical Tests to get health policy in the twenties
Eligible for a cumulative bonus for every claim-free year
Tax Benefits ranging up to Rs. 25,000 per year against the premium you pay for the health insurance plan

However, if you are a college-going student and not into the job at this age, you can ask your parents to opt for family health insurance.

Best Health Insurance Policy For the 30s

It is the age when you are busy in your life. You are shaping your career, getting married, having a family or buying a house, etc. Obviously, you have several financial responsibilities at this age. So, opting for the best health insurance plan at this time is a need for you. It bears the medical expenses of your family and provides you financial cushion during medical urgency. Therefore, you can opt for a family floater plan, which has the following features:

Coverage for all the insured members of your family in a single plan. It saves you from getting into the cumbersome formalities of multiple policies
Lower premium compares to individual health policy. You need to pay a single premium for all the insured members
Cover in-patient hospitalization, pre and post hospitalization, ambulance, second opinion, alternative treatment, domiciliary hospitalization, alternate treatments, etc.
Immediate cashless hospitalization facility for family members during a medical emergency
Add-on benefits like no claim bonus, automatic recharge, global coverage, international second opinion, and annual health check-up that enhance the policy coverage
Tax deduction under section 80D of the Income Tax Act that reduces your taxable liabilities

Top Five Health Insurance Companies Offer Family Floater Plan

Health Insurance Company	Name of Family Floater Plan	Sum Insured
HDFC Ergo	Health Suraksha Plus Regain-Gold & Silver	3-10 Lac
TATA AIG General Insurance	Mediprime	2-10 Lac
Care Health Insurance	Care Family Health Insurance	4 Lac- 1 Cr
Star Health & Allied Insurance	Family Health Optima	1-25 Lac
The Oriental Insurance Company	Happy Family Floater Policy	1-20 Lac

Source: Offical Websites of the Companies

Due to the rising costs of health care, you can also think about maternity health insurance for your family’s female members if anyone is heading a way to extend a family. Additionally, you can even opt for senior citizen health insurance if you want to give your old parents more coverage and the best treatment facilities.

Medical Insurance For the 40s

When you reach your 40s, you are a mature individual with several more responsibilities for your family, including spouse, parents, and children. You have to plan the ways you can save money for their future and your peaceful retirement life. Lifestyle diseases, pandemic, critical illnesses, etc. are increasing, and so do their treatment costs; it’s better to have Mediclaim. It is the best health insurance plan for this age. Read its below features:

You will get the lump sum amount for treating critical illnesses such as cancer, kidney failure, lungs failure, organ transplants, heart ailments, etc. after diagnosis
Cover hospitalization, medication, and treatment costs for critical illnesses.
Coverage for daycare treatments like cataract, dialysis, chemotherapy, etc
In-patient hospitalization, pre and post hospitalization, ambulance, second opinion, alternative treatment, etc. are cover under the policy.
Immediate cashless hospitalization facility during a medical emergency
Add-on covers such as no claim bonus, automatic recharge, global coverage, international second opinion to increase the coverage
Additional benefits like an automatic recharge of sum insured, alternative treatment, doctor on call, global coverage, and annual health check-up
Tax benefit under section 80D of the Income Tax Act of India 1961

Top Mediclaim Policies in India

You can choose the mediclaim from India’s leading health insurance companies listed below.

Health Insurance Company	Network Hospitals	Sum Insured
Care Critical Mediclaim Policy	11000+	3-60 Lac
Aditya Birla Mediclaim	5850+	10-30 Lac
Bajaj Allianz Mediclaim Policy	6500+	1.5-50 Lac
Bharti AXA Mediclaim	4300+	3-5 Lac
Digit Mediclaim Policy	5900+	2-25 Lac