The ever-increasing healthcare costs are affecting everyone. They have become the cause of distress during emergencies. Still, many avoid getting Health Insurancefor financial aid. The main reason for this is the high premium charged by insurers. Moreover, the futuristic approach of insurance makes it seem like an unnecessary expense.
But medical emergencies do not wait for anyone. Even a moments delay can prove fatal in such circumstances. Therefore, getting Medical Insuranceis essential to stay secured beforehand. Hence, if the cost is your concern, some effective strategies let you save while buying the plan.
Get employer’s insurance:Most organisationsprovide Health Insurance Plans for employees. This facility is a part of ensuring human resource wellbeing. These policies let you get protection without paying a premium. In some exceptions, you might have to pay. But it is always lesser than the standard plans. You also get group coverage that protects your spouse and children. Hence, ask your employer about it if not already offered.
Start young:Age is an important factor affecting medical wellbeing. Your immunity is stronger in your prime years, but this changes with time. Insurers recognise this while offering a Health Insurance Policy. They increase the premium as you grow old and vice versa. Hence, it is wise to buy young to save on the insurance cost. Besides, it reduces the chances of rejection at a later stage.
Choose basic coverage: If you are alarmed by the high premium costs, there is still away. Instead of opting for a specialised policy, settle with a basic hospitalisation cover. This acts as a blanket when you and your family need financial assistance. It is sufficient enough to aid common conditions. This way, you get insured with lesser expenses. Also, this coverage is extendable anytime based on your needs.
Find low-cost options:If you have budgetary constraints, shopping around is the best way to find affordable Health Insurance in India. Lower premium often compromises with the coverage. However, if you dig around, you get a decent cover. Hence, visit insurers’ websites and take your time researching. Also, try buying online to get specialised discounts. This method is effective in eliminating intermediaries, which further reduces the cost.
Follow a healthy lifestyle: This is a good practice for getting a low premium and ensuring wellbeing. Quitting liquor or smoke, losing unhealthy fat, and following a dietary plan are some of the ways to do that. Policy providers consider these factors for offering a rebate on the offers. It also helps you continue enjoying the benefits in your older age.
Opt for top-up: Staying within budget leads to compromising on coverage. But this does not have to continue. If you feel like you need more from your existing plan, you are allowed to switch. However, buying a whole new policy incurs higher costs. To tackle these, most insurers provide top-ups with Health InsurancePlans in India. These increase the sum insured to offer greater coverage. They are a much cheaper alternative to switching plans.
It is worth noting that these plans get activated once after the initial policy gets exhausted. However, they are economically feasible to enjoy higher security without denting your pocket. You have an option to choose from a basic and a super-top plan based on your needs.
Opt for top-up: Staying within budget leads to compromising on coverage. But this does not have to continue. If you feel like you need more from your existing plan, you are allowed to switch. However, buying a whole new policy incurs higher costs. To tackle these, most insurers provide top-ups with Health InsurancePlans in India. These increase the sum insured to offer greater coverage. They are a much cheaper alternative to switching plans.
