How to Save On Health Insurance Premiums?

Did you know a trip to the dentist can feel like a visit to the bank? Healthcare costs are on the rise, and health insurance premiums can take out a BIG chunk of your budget. But do not lose hope! We have given you some tips on how to save money on your health insurance premiums in this blog. So, buckle up and get ready to transform your health insurance outlook from "ouch" to "outstanding savings".

Read the blog till the end, so you do not miss any points.

1. Start as early as possible

   Start your health insurance journey as soon as possible. Plans like Niva Bupa Aspire give a Lock the Clock benefit, under which you can lock the amount of premium until you make a claim. Also, premiums for young people are lower than for elders, as young people usually do not require expensive medical care.

2. Choose the comprehensive plan

   A comprehensive health insurance plan gives broader coverage. This means you can get coverage for even health checkups and preventive care. A comprehensive plan will save you from getting additional coverage for these medical services.

3. Compare different insurance policies

   Do not just buy a health plan without checking out other plans. After COVID-19, the companies have launched several plans that are customised as per your needs. So you need to understand your needs first and then choose the plan which is best for you. In case required, you can call our well-informed agents of PolicyX for the best guidance.

4. Go for a family floater plan

   We all love our family and protecting them at any cost is very important. When it comes to health insurance plans, buying a separate plan for every one of them is kinda costly. So, to save premiums effectively, you can buy a family floater plan like Star Comprehensive Health Insurance and Aditya Birla Activ Plus. This ensures each of your family members can enjoy all the exclusive benefits and coverages the insurance plan has to offer.

5. Maintain a healthy lifestyle

   Staying fit can lead to a healthy life. A healthy life means staying away from doctors and staying away from doctors means less medical expenses. You must be aware of the fact that if you do not opt for a claim, then your renewal amount will be low. Isn't it a win-win situation?

6. Choose the right add-ons

   With the add-ons in health insurance, you can tailor your health insurance policy to your needs. Adding on riders like OPD coverage, doctor consultation, accidental rider, etc. can be a better and cheaper option than buying a whole new plan. 

7. Choose a plan with the right coverage limit

   Let us say, you live in a tier 2 city, then you should pay the premium according to that city only. Why would you pay for a metropolitan city when you are living in a tier 2 or tier 3 city? Thus, choosing the right coverage is very important. Consider your health requirements and the area where you live to decide the coverage options.

8. Take advantage of the wellness program

   Some insurers offer discounts on the premiums for participating in the wellness programs. Choose the health insurance plans that reward you for leading a healthy lifestyle. Wellness programs allow you to get the benefit of cumulative bonuses and discounts on premiums. It is basically a reward for staying healthy. To record your health, the insurer might ask you to download their in-house app. It will record your daily steps, physical exercise and much more.

9. Get your coverage online

   Choose an online platform to get your health insurance coverage. Many companies allow you to get quotes for health insurance online. Also, you might get an extra discount. It is a quick and easy way to compare plans and find the one that is right for you.

10. Opt for a plan with extended coverage

    You must choose a plan that gives you coverage for 2 or 3 years. Then your premiums will be low and you can get heavy discounts on various aspects like collecting wellness points, renewing your policy on time, etc.

Conclusion

If you are looking for a suitable health insurance plan or your health insurance renewal date is near, then these steps will help you a lot. By following these tips, you can find a health insurance plan that will meet your needs and budget. Do not wait until you need medical care to get insured. Start your health journey today and enjoy the peace of mind that comes with the protection you will get.

To know about top-selling health plans in India, contact PolicyX Insurance experts today!

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