Compare & Buy Car, Bike and Health Insurance Online - InsuranceDekho
Claim, renew, manage & moreLogin

Simple Ways to Lower Your Health Insurance Premiums!

Updated On May 24, 2022

With the escalating expense of health care, keeping track of lavish healthcare bills during medical crises is getting increasingly challenging. However, if you have a good health insurance plan, you can easily deal with the situation. Health insurance covers a wide variety of medical expenses, including treatment costs. Because of the high cost, many people are unwilling to get health insurance. If you want to understand how to minimise the cost of your insurance premium, keep reading.

Simple Ways to Lower Your Health Insurance Premiums!

Tips for Lowering the Cost of Health Insurance Premiums

The following are some ideas for minimizing your health insurance premiums:

  1. Get Health Insurance When You're Young

The premium for a health insurance plan is decided by a number of factors, including age, medical history, and so on. Purchasing health insurance coverage at a young age would save money since insurance companies assume that young people are less likely to fall ill and require hospitalization. As a result, they charge younger people less for health insurance.

  1. There Are Options For Deductibles And Co-Pays

Some insurance providers give customers the option of choosing between a copay and a deductible. By taking advantage of this opportunity, you may be able to significantly reduce the cost of your health insurance coverage. Compare alternate policies while keeping these possibilities in mind. However, because payment must be made at the time of filing claims, the proper deductible amount must be determined.

  1. Think About Getting A Long-Term Health Insurance Policy

Annual health insurance policies in India are more expensive than long-term health insurance policies. As a result, choosing a long-term (two or three-year) health insurance plan will save you money on premiums. Long-term policyholders may also be eligible for discounts from some insurance firms.

  1. Select From Many Family Floater Health Insurance Plans

Consider acquiring a family floater health insurance plan to safeguard your entire family from rising medical costs. When it comes to family floater health insurance policies, the whole policy cost is distributed among all insured members. As a result, the premium amount is much reduced as compared to individual health insurance coverage.

  1. Select a Lower Level of Protection

If you are on a limited budget, you may choose to start with a lower level of health insurance coverage. If you have less coverage, you will have to pay a cheaper premium.

  1. Select a Health Insurance Plan That Doesn't Consider Previous Claim

Many insurance firms will boost a person's premiums if they have made any past claims. As a consequence, to decrease your premium, pick a health insurance plan with a lower weighted average of past claims.

  1. The Advantages of a No-Claim Bonus

Many insurance firms provide NCB rewards to policyholders who have not submitted a claim in the preceding years. As a result, when acquiring a health insurance policy, ensure that the insurer provides an NCB benefit. because the incentive can be used to cover an additional amount without incurring additional premium fees.

Take Away

When acquiring a health insurance coverage, keep the aforementioned tips in mind to reduce the premium cost. Compare all insurance providers before making a decision based on pricing, features provided, coverage, and other considerations.

Do read - Omicron COVID Variant: What You Should Know

Disclaimer

This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.

Health Insurance Coverage Calculator

Who do you want to insured ?

  • Individual
  • Couple
  • Family
  • Parents

Age of eldest insured member ?

Where do you live ?

Metro
Non-Metro
Disclaimer : Actual Coverage might vary basis your location, age and number of members

Best Health Insurance Plans In India

  • Cover 5 L
    Starting at 832/month*
    No room rent limit 100% no claim bonusUnlimited restoration benefits3 years PED waiting period
    View All Features
  • Cover 10 L
    Starting at 739/month*
    No room rent limit Unlimited restoration benefits50% no claim bonus4 Years PED Waiting period
    View All Features
  • Cover 5 L
    Starting at 447/month*
    No room rent limit 33% no claim bonus100% restoration benefits3 years PED waiting period
    View All Features
  • Cover 5 L
    Starting at 1,312/month*
    No room rent limit 50% no claim bonus100% restoration benefits3 yrs PED waiting period
    View All Features
  • Cover 5 L
    Starting at 448/month*
    Single Private A/C Room 20% no claim bonus100% restoration benefits1 year PED waiting period
    View All Features
  • Cover 5 L
    Starting at 664/month*
    No room rent limit null20% no claim bonus100% restoration benefits2 years PED waiting period
    View All Features
  • Cover 5 L
    Starting at 675/month*
    No room rent limit 50% no claim bonusUnlimited restoration benefits3 years PED waiting period
    View All Features
  • Cover 5 L
    Starting at 690/month*
    Single Private A/C Room 100% restoration benefits3 years PED waiting period
    View All Features
  • Cover 5 L
    Starting at 546/month*
    Twin sharing room Zero no claim bonus100% restoration benefits2 years PED waiting period
    View All Features
  • Cover 5 L
    Starting at 566/month*
    No room rent limit 20% no claim bonus100% restoration benefits3 years PED waiting period
    View All Features
  • Cover 5 L
    Starting at 1,770/month*
    Zero no claim bonusNo restoration benefits1 year PED waiting period
    View All Features
  • Cover 40 L
    Starting at 62/month*
  • Cover 2 L
    Starting at 146/month*
  • Cover 5 L
    Starting at 806/month*
    Single Private Room 10% no claim bonus100% restoration benefits2 years PED waiting period
    View All Features
  • Cover 5 L
    Starting at 476/month*
    60% no claim bonus150% restoration benefits4 years PED waiting period
    View All Features
  • Cover 5 L
    Starting at 526/month*
  • Cover 5 L
    Starting at 855/month*
    25% no claim bonus100% restoration benefits4 years PED waiting period
    View All Features
  • Cover 5 L
    Starting at 448/month*
    Single Private A/C Room 20% no claim bonus100% restoration benefits1 year PED waiting period
    View All Features
  • Cover 5 L
    Starting at 396/month*
    Room rent upto 2% of SI Room rent upto 1% of SI No room rent limit Single Private Room
    View All Features
  • Cover 5 L
    Starting at 738/month*
    No room rent limit 50% no claim bonus100% restoration benefits3 yrs PED waiting period
    View All Features
Note: Premium is shown for 18yr old individual of Delhi
Show More
Must BuyMust Buy

Why to Buy Health Insurance Policy Online from InsuranceDekho

  • Tax benefit upto 75,000*
  • Claim support everyday 10AM-7PM
  • 80 Lacs+ happy customers