Health Insurance- Health insurance is very important in today’s world. This is because now the cost of treatment has increased a lot. If you do not have health insurance, then you may have to pay a huge amount from your pocket if you fall ill. But the biggest problem is that with time the premium of health insurance is also increasing continuously. In the last one year, the premium of health insurance policies has increased by 10 to 25 percent.
Insurance companies say that the cost of treatment and insurance claims are increasing. Because of this, they are also being forced to increase the premium of their insurance policies. Since the Corona period, people have become very aware about health insurance.
There are many ways to keep the health insurance policy premium low. But, due to the common people not knowing about them, they are unable to take advantage of it and pay more premium. Today we are telling you five such methods
When you do not take any claim, you are entitled to No-Claim Bonus (NCB). No claim bonus reduces your premium. That’s why the claim should not be filed for the small expenses incurred on the treatment. By doing this you will be entitled to no claim bonus and you will have to pay less premium next year.
On increasing the sum assured on the base cover, more money has to be paid in the form of premium. Instead of this, if you take a super top-up plan, then it will be cheaper. Linking a base policy of Rs 10 lakh with a super topup plan of Rs 50-90 lakh is up to 60% cheaper than increasing the sum assured on the base plan.
Many insurance companies also offer restoration benefits. Suppose you took a policy with a sum insured of 20 lakhs and used only 10 lakh rupees. In this case, you can restore the sum insured. Means the company will again give the sum insured of 20 lakhs in the same year. This provides additional coverage when needed and acts as a backup plan.
Now you can also port the insurance policy. If it seems that the existing insurance company is taking more premiums but giving less benefits, then you can port the policy to such a company, where more benefits are available and less premiums have to be paid.
Choose the amount of insurance cover wisely. It should neither be less nor unnecessarily more. On more health cover, you have to pay more premium. Similarly, if you choose a low amount, you may have to pay something from your pocket if you fall ill. For this, you can also take expert advice.
