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Insurance

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In initial life stages most insurance companies provide coverage to customers without any medical checkups. As the age increases these medical checkup become mandatory and the insurance company has the right to reject the proposal based on the reports of these tests. So it might happen that insured might not get coverage from any insurance companies at latter stages of life.

Secondly if a company issues a policy to an individual then they can never refuse a renewal to the customer (IRDA guideline). So if an insured joins early he will have coverage for lifetime.

Thirdly, if a customer enrolls in a policy early then he will have coverage for all diseases in latter stages of his life when he needs it the most.

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