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

Tips To Reduce Health Insurance Premiums: No disease ever comes without warning. In such a situation, to avoid disease, on the one hand, we follow a good lifestyle. At the same time, health insurance helps in reducing our medical expenses.

There is an increase in health insurance during the Covid pandemic. We face financial problems when health insurance premiums increase. In such a situation, the health insurance premium 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 this way, 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 again have to pay Rs 6,621 to get insurance of Rs 5 lakh, which means you will have to spend a total of Rs 13,242.

At the same time, if you take a top-up above Rs 5 lakh, you will have to pay only Rs 9,156 in total. In the top-up plan, if your basic plan gets exhausted then you can use a top-up of Rs 5 lakh.

Benefits of Family Floater
Many insurance companies give a discount of 5 to 15 percent if more than 2 people are added to health insurance. If your parents are above 50 years of age, then do not include them in the floater plan.

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

No-Claim Bonus
If your company offers no claim bonus then it will be icing on the cake. When the insurance holder does not make an insurance claim for some time, the company gives a no-claim bonus ranging from 20 perce

nt to 50 percent. Many companies offer discounts on premiums in place of a claim bonus. The insurance holder benefits from both of these.

Multi-Year Premium Discount
Many insurance companies offer multi-year premium discounts to customers. In this, if a customer buys a plan for several years, he gets its benefit. For example, if you take health insurance for 2 or 3 years, 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, you will get a discount on the premium at the time of renewal by taking insurance for 2 to 3 years.

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

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