Best Health Insurance Policies for 30 Year Old People

Entering your 30s can be a turning point for most people. It's more like you are entering an age of responsibilities and financial planning. People mostly have a family or children by this age and what matters most is their security and health.

Nowadays, health issues and medical emergencies are not only for elderly people or senior citizens. From infants to people of all ages can face medical emergencies at any given time. Needless to say, rising healthcare costs are another factor why one must plan for a health insurance policy early. The healthcare insurance plan will not only cover your treatment and hospitalization costs but also ensure financial stability.

Let's discover some of the best health insurance plans for 30-year people. We will also look into different factors, inclusions/exclusions, tax benefits, and other details associated with insurance plans for 30-Year-Old.

Benefits of Buying Health Insurance at Age 30

Health insurance at age 30 not only acts as a safety net but also helps in financial management. Here are some of the key benefits of buying a health insurance policy at early 30:

• Lower Premium: Younger people have a lower premium rate than old age people. Hence, buying a policy at early 30 will offer the benefit of paying a lower premium and gaining excessive benefits.
• Pre-existing conditions: People with pre-existing conditions have a 2-4 years waiting period (vary from insurer to insurer). Buying an early plan will help pass your waiting period and enable claiming benefits without delay.
• Comprehensive Coverage: Health insurance plans for 30 years offer extensive coverage including wellness benefits, maternity coverage, etc.
• Earning Cumulative Bonus: In case, the policyholder has a claim-free year, he can earn a cumulative bonus by the insurance company. Chances of having a claim-free year are high as you are more likely to stay fit at age 30.
• Financial support: There are several daily expenses that an individual needs to manage and medical emergencies can increase the burden. However, with an insurance policy at early 30, all your treatment and medical expenses get covered. Thus, offering financial support and stability during tough times.

Key Features to Look for in Health Insurance Policies for 30-Year-Olds

Selecting a health insurance plan in your 30s requires a wiser decision. Hence, we have listed a few factors that you must consider when purchasing a policy at the age of 30:

• Plan Type: It is important to determine what type of plan you are looking forward to, i.e., an individual health insurance plan, family floater, group plan, or a critical illness coverage plan. Each plan has its own benefits and coverage options, so determine your plan type before.
• Coverage: Another factor to look for is coverage options. Make sure to check what your selected policy covers i.e., pre-and post-hospitalization expenses, doctor consultation fees, daycare procedures, health check-up charges, etc.
• Network Hospitals: Ensure your selected insurance company has extensive network hospitals that provide cashless services.
• Lifetime Renewability: Certain health insurance plans cover a lifetime renewability option, i.e., the policyholder will have access to continue getting coverage benefits without stressing over the age limit.
• Waiting period: Check the waiting period for your medical insurance plan that is generally applied in maternity policies, pre-existing disease conditions, and other specific treatments.

Best Health Insurance Plans for 30 Years (Male or Female)

Health Insurance Company	Insurance Policy
Care Health Insurance	Care Joy Tomorrow
Niva Bupa	Aspire Gold+
Star Health Insurance	Smart Health Pro
HDFC ERGO	Optima Secure
Aditya Birla Capital	Activ Fit Plus

1. Care Joy Tomorrow

Care Joy Tomorrow is one of the best health insurance plans for people starting a family. The plan is designed for expecting mothers and newborns with a sum insured of 3-5 lakh. Under this plan, the mother and her baby get complete healthcare coverage, including daycare treatment, delivery-related expenses, inpatient care, ambulance cover, pre-hospitalization (30 days), post-hospitalization (60 days), etc. You can buy it on an individual or family floater basis. As per the policy terms, the minimum entry age for adults is 18 years and a maximum of 45 years. The insurance company also has 24800+ healthcare providers across the country that offer cashless treatment.

2. Niva Aspire Gold+

Aspire Gold+ is another popular health insurance plan chosen by most individuals at the age of 30. This Niva Bupa insurance plan provides maternity and wellness benefits with a sum insured of 3 Lakh to 1 Crore. If you are planning to start a family and have various options in hand, such as IVF, surrogacy, normal or C-section delivery, etc., go in for Niva Bupa's Aspire Gold+. It offers extensive coverage for various maternity treatments, including adoption. The policy further provides personalized copayment options, hospital daily cash benefits, cover for emotional wellness sessions, etc.

3. Star Insurance - Smart Health Pro

Smart Health Pro offered by Star Health & Allied Insurance Co. Ltd is available for individuals 18-50 years and dependent children from 91 days to 25 years with a sum insured of 5 lakhs to 1 crore. You can apply for the policy both on an Individual or Floater basis for one, two, or three years. It is a comprehensive plan that covers in-patient hospitalization, room rent, daycare treatment, home care treatment, AYUSH treatment, etc. Further, by paying additional premiums, policyholders can even get cumulative bonus boosters, cover for non-medical items, modification of room category benefits, and more.

4. HDFC ERGO Optima Secure

Optima Secure by HDFC ERGO is a comprehensive health insurance plan with a sum insured ranging from 5 Lakh to Rs. 2 Crore. The plan offers some exciting discount options, new add-ons, and exclusive coverage plans for both individuals and families. Additionally, it offers lifetime renewability options, restoration, and easy installment benefits. Under this plan, the insurance company will cover all your hospitalization expenses, daycare treatment, emergency air and road ambulance cover, organ donor expenses, alternative treatment, etc. Star Health has 13000+ network hospitals across India that provide cashless treatment facilities.

5. Aditya Birla Capital - Activ Fit Plus

Activ Fit Plus is a great option for young adults planning to get insured. The individual policy age for this plan is 5 years but the family floater policy age for adults is 18 - 45 years. The plan offers comprehensive coverage at affordable premium rates. You can even apply for cashless treatment with this policy and access travel protection cover (optional). Aditya Birla's Activ Fit Plus health insurance plan further provides tax benefits, daycare treatment coverage, AYUSH coverage, and coverage for at-home care expenses.

Inclusions and Exclusions in Health Insurance for 30-Year-Olds

The following inclusions and exclusions are covered under insurance plans for 30 years:

Inclusions:

• In-patient Hospitalization Expenses: Covers all the hospitalization expenses incurred during your stay for 24 hours or more for your medical treatment or surgery
• Pre- and Post-Hospitalization Expenses: Generally, a 30–60 days period is provided for pre-hospitalization expenses, i.e. diagnostic tests, doctor consultation, etc. Similarly, a 60-90 day period is available for post-hospitalization expenses.
• Daycare Treatments: Covers all medical expenses even if your injury or illness didn't require a 24-hour hospital stay, for example, cataract surgery or chemotherapy.
• Ambulance Cover: This covers the cost of using an ambulance during medical emergencies.
• Waiting period: The waiting period may vary from insurer to insurer and type of plan, i.e., the waiting period for maternity benefits might be different than the waiting period for pre-existing conditions. But, most health insurance policies come with a 2-4 years waiting period.

Exclusions:

• Cosmetic treatments or surgery: Treatments for conditions that do not meet medical criteria are excluded, for instance, weight control surgery.
• Injuries due to hazardous activities: If a person suffers injury due to adventure sports or hazardous activities will not be included in the policy benefits unless you purchase a specific rider.
• Non-medical Expenses: Most policies do not provide coverage for non-medical expenses.

Common Add-Ons for Health Insurance Policies for 30-Year-Olds

• Critical Illness Cover: Coverage for critical health diseases, such as cancer or kidney failure is available.
• Accidental Coverage: Coverage for permanent disability or hospitalization in case of accidents is available.
• Room Rent Waiver: Allows policyholders to enhance their coverage plan by choosing a higher room category without capping.

Tax Benefits for Health Insurance Premiums Paid by 30-Year-Olds

Health insurance plans for individuals of age 30 also provide tax benefits. Under Section 80D of the Income Tax Act, an individual who pays a premium for a health insurance plan is eligible for tax claims and deductions. If your age is below 60 and you pay a premium for yourself, your spouse, or your children, you can get deductions up to 25,000 per year. However, if you pay your parent's health insurance premium, you can claim an additional 25,000 deduction. In case, your parents are senior citizens, then 50,000.

Takeaways

30s can be an exciting journey for most individuals but it is also a phase of responsibilities. One must plan wisely for their future and invest in policies that deliver long-term benefits. Go in for health insurance plans that offer extensive coverage and tax benefits at lower premiums. Secure your future financially with the right policy. If you need additional help on health insurance policies, reach out to the InsuranceDekho team.

FAQs

Q1: What insurance should I apply for at age 30?

A1: Make sure to check and compare different health insurance policies in the market. The earlier you invest in an insurance plan for your health, the faster your waiting period will pass and you can claim benefits during emergencies.

Q2: What is the minimum age limit for health insurance in India?

A2: The minimum entry age for most health insurance plans in India is 18 years. However, the eligibility criteria may vary for different insurance companies.

Q3: What sum-assured amount should you consider ideal?

A3: Various factors play an important role in determining the ideal sum assured amount, such as income, family size, medical history, lifestyle, etc. Make sure to go for a plan with a sum assured amount that is 2x or 3x your annual income. Also, consider other factors.

Q4: Are your elderly parents eligible to enroll in the same family floater plan as you?

A4: Yes, you have the option to add your elderly parents to your existing family floater plan. Remember, individual plans do not support adding dependents.

Q5: Before renewal, is it possible to add a newborn to the Smart Health Pro?

A5: It is possible to include your newborn in the coverage up until 46 days of age.