Health Insurance Tips: Health insurance premiums are increasing, and these tips will be useful for you..

Tips To Reduce Health Insurance Premium: No disease ever comes by telling. In such a situation, to avoid the disease, on the one hand, we follow a good lifestyle. At the same time, health insurance helps in reducing our medical expenses.

Health insurance is seeing an increase during the Kovid epidemic. When the premium of health insurance increases, we face financial problems. In such a situation, the premium of health insurance should be reduced. You can reduce your health insurance premium by following some tips.

Take top-up with health plan
If you want to increase the coverage of the basic health plan, then you can take a top-up on it. Understand it like this if you have to pay a premium of Rs 6,621 for a basic health plan of Rs 5 lakh. In such a situation, you will have to pay Rs 6,621 again to get insurance of Rs 5 lakh, that is, you will have to spend a total of Rs 13,242.

On the other hand, if you take a top-up above 5 lakhs, then you will have to pay only up to Rs 9,156. In the top-up plan, if your basic plan ends, then you can use a top-up of Rs 5 lakh.

The benefit of family floater
Many insurance companies give a discount of 5 to 15 percent on adding more than 2 people to health insurance. If your parents are more than 50 years old, then do not include them in the floater plan.

You should take a separate health insurance plan for them. In the family floater plan, the premium is decided based on the oldest person.

No-claim bonus
If your company gives no claim bonus, then it will be icing on the cake. When the insurance holder does not make an insurance claim for some time, then the company gives a no-claim bonus of 20 percent to 50 percent. Many companies give discounts on premiums instead of no claim bonus. The insurance holder benefits from both of these.

Multi-Year Premium Discount

Many insurance companies offer multi-year premium discounts to the customer. In this, if a customer buys a plan for many years, then he gets the benefit of it. For example, if you take health insurance for 2 or 3 years, then you are given a discount of 7 to 15 percent.

Let us tell you that if you are taking insurance for the first time, then try to take insurance for one year only. When you like the service of the company, then at the time of renewal, you will get a discount on the premium by taking insurance for 2 to 3 years.

Do research before renewal
You should do research before renewal. We should always dresearchany plan before buying it. If we like the plan of a company very much, then we should transfer the policy to another company before renewing our old plan.

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