Health Insurance Golden Rules: It is important to know those golden tips due to which the premium will not increase even if the coverage of diseases increases in health insurance.
Health Insurance Tips: Be it young or old, who does not worry about illness? The huge expenses incurred on the diagnosis of the illness increases the pain even more. To avoid this, people take refuge in health insurance. The premium of health insurance is also not less. In such a situation, people start thinking. Different schemes of health insurance also focus on the coverage of different diseases.
Therefore, many times it seems that if the disease which is not covered under a particular scheme occurs in the future, then what will be the benefit of taking health insurance. When you plan to increase the coverage of diseases in health insurance, the premium of the insurance increases more. In such a situation, it is important to know those golden tips, due to which the premium will not increase even if the coverage of diseases increases in health insurance.
Buy health insurance at a young age
Buying a health insurance plan at a young age is one of the best and effective ways to reduce the premium. The younger and healthier you are, the lesser will be the risk for the insurance company. This is the reason why when a 25-year-old buys a health insurance policy for the same coverage, he pays a much lower amount than a 40-year-old. Apart from this, the extra benefit of buying early is that you can complete your waiting period for any pre-existing condition early.
It is better to choose EMI option instead of premium
Instead of compromising on coverage by choosing a cheaper plan in health insurance, you can consider the EMI option. Many insurance companies offer this facility. Suppose you have bought an insurance scheme, whose premium is Rs 20,000 per year. In such a situation, you can choose the option of monthly payment, which will be only Rs 1,600 per month. By choosing the EMI option, you can also buy a bigger scheme.
