There are ways to lower your health insurance premiums despite medical costs. Below are some simple but effective ways to cut health insurance premiums:

  • Buy health insurance early

Early health insurance purchases can lower premiums. Health insurance premiums are directly related to policyholder age. The insurance company sees you as a greater risk as you age.

  • Compare health insurance online

Comparing health insurance plans online before buying is a great way to save money. Comparisons can help you find an affordable health insurance plan with good coverage. ##

  • Get family floater health insurance

Instead of buying individual plans for each family member, buy a family floater plan. It covers all family members on a floater sum insured basis. All insured family members share the sum insured and policy benefits for one premium. Since individual health plans require premiums for each family member, a family floater plan is more affordable. Thus, you save tonnes annually.##

  • Buy senior parent health plans

Avoid including elderly parents in your family floater plan to lower health insurance premiums. Covering them requires a separate health insurance policy. The eldest family member’s age determines the family health insurance premium. As your parents’ age, your floater policy premium will rise. However, a separate policy for your parents will lower your premium. You can find more details about this on a medical insurance app.

  • Buy basic health cover

If a comprehensive health insurance policy is too expensive, choose a basic plan that covers emergency hospitalisation. Basic health plans cost less than comprehensive ones due to their limited coverage.

  • Select coverage wisely

Choose wisely to lower health insurance premiums. A policy with unnecessary coverage will raise your premium. If you still need to get married, don’t get maternity coverage. Avoid unnecessary add-on covers.

  • Long-term policy tenure

2–3-year plans are more affordable than annual plans. Most Indian insurance companies offer a long-term concession on 2- or 3-year policies. You can look for this type of policy on a medical insurance app.

  • Online health insurance

Online health insurance purchases have lower premiums. Online insurance companies charge a lower premium because their operational costs are lower.

  • Choose a top-up health plan

A top-up health insurance plan can lower your premium without reducing coverage. They’re great for people with health insurance who want emergency coverage. A basic health plan with a top-up plan is more affordable than a comprehensive plan with a higher sum insured. The top-up plan’s premium will be reasonable if covered under your employer’s group health insurance plan. You can find these on an app for health insurance.

  • Choose a cumulative bonus policy

Use the cumulative bonus benefit to get more health insurance coverage without paying more. You get a cumulative bonus if you don’t claim the previous policy term.*

  • Live healthily

Healthy living lowers health insurance premiums. Insurers prefer healthy people without health issues to smokers and those with medical conditions.

And you can always find the right insurance for you and your family in the bajaj allianz mediclaim app.

Get insured anytime, anywhere! Check out Bajaj Allianz General Insurance website to learn more and download the app now.

* Standard T&C Apply

## All savings are provided by the insurer per the IRDAI-approved insurance plan. Standard T&C apply

Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.

Comments are closed.