At what age do we start to buy Insurance for hospitalization or death? Is 24 years old too early (given that parents are the only dependents who are financially independent)? - Seedly
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Seedly PFF 2019

Asked by Melissa Ho

Asked on 02 Mar 2019

At what age do we start to buy Insurance for hospitalization or death? Is 24 years old too early (given that parents are the only dependents who are financially independent)?

Insurance agent will always ask you to start insuring early as the individual health is at its best, meaning insurance is able to cover most illnesses and lower premiums at a younger age.

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If you buy early life insurance, it will be cheaper through out. Hospitalization insurance is important so that you dont have to pay for all the hospital fees. If you do not have it, you would have to pay with your savings, investments or lend from your parents. Everyone should get hospitalization insurance as soon as possible.

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