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Health Insurance for Young Adults - An Expense or Necessity

By Kapil Dwivedi
  | Published: 09 April 2021 | Last Updated On: 07 May 2021

Don’t gamble with your health, get the right cover at the right price.

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Mid-twenties is one the most exciting yet challenging phases of life it is when you are exploring different aspects of adulthood. Be it financial independence, work responsibilities, paying taxes, or planning your future this turns out to be one of the most crucial phases of life.

Most of us lay emphasis on the financial aspects of life but ignore protecting the most valuable of the asset i.e. our health. A common conception amongst most young adults in their early twenties is that they do not need life insurance because they are blessed with good health. However, the harsh reality is that life is extremely fragile and unpredictable and none of us can plan or predict illnesses or medical complications.

Comprehensive health insurance is an absolute must for all age groups and sections. The cost of medical treatment is quite expensive in the UAE; hence it becomes imperative to have a suitable health plan that covers the cost of treatment regardless of your age group. In this blog, we will focus on health insurance for young adults, so stay tuned.

Best Health Insurance Plans for Young Adults in the UAE

Here are the best health insurance plans for Young Adults in Dubai, UAE for 2021:

Plan Name Medical Cover (AED) Pharmacy Limit Price
Sehteq - Basic 1,50,000 Up to AED 1,500
Takaful Emarat - Silver 10,00,000 Up to AED 1,500
Orient Insurance - Silk Road - Family Care Plan B 10,00,000 Up to Medical Cover

Why should Young Adults buy Health Insurance as early as Possible?

The Earlier you Purchase, the lesser you Pay

The thumb rule of premium calculation relies mainly on the age of the candidate. Basically, the age of the applicant is directly proportional to the premium of the health insurance in the UAE. Ideally, this is the time when you should go ahead and purchase a plan without giving it a second thought because you’ll end up paying the lowest premium. This is mainly due to the fact that people below thirty fall under the low-risk category offering the plan at a lower cost.

If you are planning to get married after purchasing the policy, you can simply add your spouse to the base plan and your partner will be covered under the plan.

Coverage against Uncertainties

As a young energetic and healthy adult, you would have definitely thought that you don’t need health insurance UAE. However, ailments and illnesses come uniformed and might impact your finances viciously. In order to protect you and your loved ones against the hits of medical illnesses, it is vital to purchase a medical insurance policy. Purchasing health insurance earlier in life not only helps you to save money but also plays an instrumental role in protecting you and your loved ones from medical conditions and financial turmoil.

A guarantee for your Partner

A lot of people plan and get married in their twenties after which several new responsibilities and expenses arise. Marriage is about embracing your new life and beholding responsibilities. One of the major errands is taking care of you and your partner’s health. With the right health insurance, you can not only safeguard your loved ones but also plan the future with your partner. Whether it is an unexpected pregnancy or an illness health insurance plan takes care of all of it.

Allows you to Save and Build a Corpus

It is quite common for a lot of people that do not have a health insurance plan to end up exhausting their savings in case of unexpected medical issues. Purchasing health insurance in your mid-twenties will help you to save on the premium followed by protecting your savings in case of unforeseen events by covering expenses incurred in the treatment. In this way, you can save money and build a corpus for your future so that you can leave a legacy for your children.

Upgrade your Plan Easily

When you purchase health insurance in UAE in your mid-twenties your coverage needs will be lower. However, once you progress in life your coverage needs will change and you can simply upgrade your basic plan to an advanced plan and you won’t have to pay extra money. Alternatively, you can simply add a top-up plan to expand the coverage quotient offered by the plan.

All-time Partner

Health insurance in UAE turns out to be an all-time partner that takes care of all your insurance needs whether you are in your city or out of town. This way you won’t end up borrowing money for seeking medical treatment. Your health insurance in Dubai/UAE will cover the expenses incurred in the treatment saving you from financial turmoil.

In a Nutshell

When it comes to buying health insurance it is recommended you start as early as possible to get the best benefits and the premium. The early you begin the lesser you pay, not only do you end up saving money but also protect you and your loved ones against medical emergencies. Don’t wait for you to get older because that way you would fall into the high-risk category and spend more money on the same plan.

Remember the early you begin, the more you save.