3 tips to save money on health insurance premiums
How can health insurance premiums be reduced? Health insurance is a good option to avoid medical expenses. It provides you with financial security. People need a lot of money to pay health insurance premiums. In many cases, people are not even able to pay the premiums.
According to the ECHO Insurance 2024 reports, based on 60,000 claims submitted on this portal in 2023-24, the cost of hospitalization in various hospitals in India increased by 11.35% last year.
The average claim size in 2023-24 was Rs 70,558 compared to Rs 62,548 a year ago. The difference in the amount can be used to estimate how expensive medical expenses will be in the coming days. In such a situation, if you want to take health insurance and reduce your health insurance premium, then follow these steps.
First, people should start insurance at a young age. Not only it reduce premiums, but it also gives you bonuses if you continue to buy it consistently.
Secondly, You can opt for Floater health insurance. This is an insurance that covers the entire family. It is an insurance with a lower premium compared to individual insurance.
Third, You need to choose a higher deductible amount than the first one to pay the total premium. This is an amount that will reduce your premium.
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