Disclaimer: Kindly use this only for educational purposes. Doctor’s advice is mandatory before you take any medical decision. I’m using this to raise awareness about term and health insurance in the Indian market.

How to find your HbA1C?

The most accurate way to check your HbA1C levels is by getting tested at a nearby lab or clinic. The information provided below is for estimation purposes only. Important: Consult a doctor before making any medical decisions.

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Most people don’t have the time to read such blogs. Hence I made a diabetes calculator to create awareness.

Buy Health Insurance or Term Insurance Before Getting Lifestyle Disease

Lifestyle disorders including diabetes, high blood pressure, asthma, heart disease, stroke, obesity, type II diabetes, lung cancer and high cholesterol are becoming increasingly prevalent in today’s fast-paced environment. Because many people now live with chronic disorders on a daily basis, it is more important than ever to plan for the future. Prior to receiving a diagnosis of a health condition, purchasing term insurance or health insurance is one of the most crucial financial decisions you can make.

Benefits of getting insurance before you get lifestyle diseases

The Increasing Rate of Lifestyle-Related Illnesses

Lifestyle diseases have become more common due in large part to the sedentary jobs, poor diets, stress, and lack of exercise that characterize modern living. Numerous health statistics state that millions of individuals globally are susceptible to conditions including high blood pressure, diabetes, asthma, and high cholesterol, and that this number will only continue to grow.

Getting comprehensive health or term insurance becomes more difficult, costly, or perhaps even unaffordable after a lifestyle disease diagnosis. People with these diseases are frequently seen by insurance companies as “high-risk” customers, which results in increased premiums or less coverage. It is therefore essential to obtain insurance prior to receiving any such diagnosis.

How Pre-existing Conditions Affect Insurance Cost?

Insurers evaluate your health profile, including any pre-existing medical conditions, when you apply for health or term insurance. An current medical condition, such diabetes or high blood pressure, raises the insurance company’s perceived risk. This may result in:

Increased Premiums: Insurance companies might give coverage, but at a significantly greater expense.

Restricted Coverage: Certain pre-existing condition-related treatments or procedures may not be covered by all insurance.

Waiting Period: Policies may stipulate how long a patient must wait before receiving treatment for a particular ailment is covered.

For example, if you get diabetes before you apply for health insurance, you can discover that your coverage for diabetic treatments is either limited or that it covers you only after a long waiting time.

Reasonable Premium

You can lock in reduced premiums by buying health or term insurance when you’re in good health. Younger, healthier people usually have lower premiums from insurance companies since they are thought to be less likely to file claims.

Since lifestyle diseases frequently worsen over time, getting insurance before symptoms appear will help you avoid paying exorbitant rate increases associated with having a pre-existing condition. For instance, a person in their 30s who has no known medical conditions will pay much less in premiums than a person in their 40s who has high blood pressure or diabetes.

All-inclusive Protection and Comfort

You and your family are financially protected by health and term insurance in the event of unanticipated medical emergencies or death. You may be sure you’ll get the best benefits and complete coverage when you need it most by getting insurance before lifestyle conditions develop.

In the case of your death, a term insurance policy provides your beneficiaries with a death benefit. You can feel secure in the knowledge that your family is covered financially in the event that you subsequently get a serious lifestyle disease. In a similar vein, having health insurance will relieve you of the financial strain of managing chronic ailments by paying for hospital stays, medical care, and prescription expenditures.

A Diabetes Calculator’s Advantages for Health Insurance

You can evaluate your risk of getting lifestyle diseases like diabetes by using resources like the Diabetes Calculator for Health and Term Insurance. By taking this proactive action, you can have a greater understanding of the potential effects of your lifestyle decisions on your long-term health and insurance costs. Making wise decisions and managing your health now will help you ensure a stable financial future.

Tax Advantages of Purchasing Insurance Early

Section 80D, 80C and Section 10(10D) of the Income Tax Act in India provide tax benefits for both health and term insurance policies. You can lower your taxable income by taking advantage of tax deductions on your premium payments if you purchase these plans in advance. This works well as a tax planning tool in addition to providing financial security.

Safeguarding Your Prospects Before It’s Too Late

Because they believe they are well and don’t need insurance yet, many people put off purchasing health or term insurance. But chronic conditions like diabetes, hypertension, or asthma can strike out of the blue, and once you’re diagnosed, there aren’t as many cheap insurance options available to you.

You are making a calculated investment in your future by getting insurance early. You can concentrate on taking care of your health rather than worrying about the financial burden that frequently comes with major medical illnesses if you have the appropriate coverage in place.

Why I love creating awareness on health insurance and term insurance?

One of the best things you can do is purchase term or health insurance before conditions like diabetes, hypertension, asthma, and high cholesterol appear. It guarantees that you will lock in reasonable rates, obtain complete coverage, and safeguard the financial well-being of your loved ones. Investigate your insurance alternatives and evaluate your risk using resources such as the diabetes calculator to take preventative measures right now. You will be better equipped to handle life’s uncertainties the earlier you take action.

Prioritize your financial and physical future; begin now by obtaining the appropriate insurance before lifestyle disorders claim your life.

Thank You,

Venkat

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