Must-have health insurance policy types for people in their twenties and thirties

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Health insurance is an essential component of financial planning, especially for those in their twenties and thirties. Recognising the significance of adequate health coverage during these pivotal life stages, experts emphasise the importance of understanding and investing in various insurance policies tailored to address evolving healthcare needs.

Here are some of the must-have health insurance policies for individuals in their twenties and thirties (Compiled by of Kalpesh Chavan, Senior Vice President & Product Head of Elephant.in):

Basic health insurance

Considered a fundamental component of any health insurance portfolio, basic health insurance policies offer coverage for hospitalisation expenses, surgical procedures, medical tests, and routine doctor consultations.

Acting as a safety net, these policies provide financial protection against unforeseen accidents or illnesses.

Critical illness insurance

As individuals transition into their thirties, the risk of developing severe health conditions escalates.

This specialised policy disburses a lump-sum payment upon the diagnosis of critical illnesses such as cancer, heart attacks, strokes, or organ failure.

It serves to complement basic health insurance by covering expenses such as rehabilitation, specialised treatments, or adjustments necessitated by the illness.

Disability insurance

Despite its often overlooked status, disability insurance emerges as a crucial safeguard for individuals reliant on their incomes to sustain themselves and their families.

In the event of a disabling injury or illness that impedes one’s ability to work and earn, this policy provides financial protection by replacing a portion of lost income.

It covers living expenses, medical bills, and rehabilitation costs.

Dental and vision coverage

While basic health insurance typically provides limited coverage for dental and vision care, standalone dental and vision insurance policies cater specifically to these essential aspects of well-being.

Dental coverage offsets the costs of routine check-ups, cleanings, and treatments like fillings or root canals, while vision coverage covers expenses related to eye exams, prescription glasses, contact lenses, and corrective surgeries.

Long-term care insurance

While often associated with later stages of life, long-term care insurance warrants consideration even in one’s twenties and thirties.

This policy extends coverage for long-term care services necessitated by chronic illnesses, disabilities, or cognitive impairments.

It encompasses expenses related to nursing homes, assisted living facilities, in-home care, and other services not covered by basic health insurance or Medicare.

Maternity coverage

For individuals contemplating starting a family during their twenties and thirties, maternity coverage emerges as a critical component of health insurance planning.

This coverage encompasses prenatal care, childbirth, and postnatal care expenses.

Additional benefits may include newborn care, vaccinations, and lactation support.

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow