Young buyers dropping health cover risk savings, debt, investment setbacks
Last Update Date: 06-10-2026
Published by Business Standard
Abhishek Kumar's role: Quoted
Abhishek Kumar explained that a smaller base policy paired with a super top-up usually costs much less in total premium than one large policy, since the top-up pays only after the base cover is used. He also pointed out that buyers should check the no-claim bonus cap and what happens to the bonus after a claim.
More of Abhishek's views on insurance
A survey found that many health insurance buyers aged 24 to 34 let their policies lapse within three years, often believing they are healthy or citing cost. The article explains the financial damage an illness can cause and ways to keep cover affordable, such as pairing a base plan with a super top-up, no-claim bonuses and monthly or multi-year premiums.
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Young buyers dropping health cover risk savings, debt, investment setbacks