Health Insurance

Health insurance plans are an important purchase, this is no debate. However, you may feel like it takes quite a lot of funds to invest in. Which also sometimes makes you reconsider buying a health cover. But let us tell you that we have some fine tips & tricks that can help you save a good amount of money. So, you do not need to worry, because we have got you covered!

Listed below are a few tips and tricks on how you can save money while buying a health insurance plan. Have a look at the following:

Tips & Tricks for Maximum Savings on Health Plans

  • Try buying a health insurance plan at an early age

Buying a health insurance plan at an early age will help you avail the plan at a low premium cost. This is because when you are at a young age, you are less prone to diseases and thus the risk factor is very low, making the premium price lower for you. However, you must note that as you grow and reach elderly age, the premium price will increase. 

  • Compare & Buy

Comparing and buying is always a wise choice. In today’s time, with the ease of the internet, we can easily go through the details of a product that we are buying. So, if you compare the various products that are available and then buy as per your requirement and budget, they will be suitable for you. Bajaj comes with a wide range of insurance plans online. You can check, compare, and then purchase in just a few easy steps. 

  • Opt for a family floater health insurance plan

Before we tell you to opt for a family floater health insurance plan, let us first tell you what is family floater health insurance plan? It is basically insurance that covers all your family members under a single plan. All key family members like spouses and children insured in it are part of the sum insured in the policy. 

Hence, it is important to buy family health insurance as it will be a money-saving deal for you, along with health plan protection.

  • Buy separate health plans for elders of the family

Buy separate health insurance plans for your elderly family members. Because the premium of a health plan is calculated based on the age of the eldest member of the family. This will eventually cost you a lot while buying the plan. Therefore, purchasing a separate health insurance plan is a fine solution to this, and you can save a good amount of money. 

Get a basic health insurance plan

A basic health plan will always cost you lesser than a comprehensive health plan. A basic health insurance policy only includes emergency hospitalization, while a comprehensive insurance policy comes with wider coverage like surgical pre and post-hospitalization, surgical family transportation allowance, etc, making the premium higher for you.

Just keep in mind, that the lower the coverage, the lesser the premium, and the wider the coverage, the higher will be the premium. 

  • Choose Insurance Cover Wisely

We insist you consider it well before choosing a cover. If you choose a plan that does not come with sufficient coverage, it will be of no use to you. So, before finalizing a plan to purchase, make sure you have investigated the coverage and benefits it offers. 

  • Avail health insurance plans online 

Purchasing a health insurance policy online will surely lower your premium price. It is because the insurance firms charge you less as compared to when you visit the branch. Their operational costs are lesser when dealing online. 

Moreover, you gain the benefit of lower premiums provided by the company for online purchasing. And nonetheless, an online buying method will be less hectic and less time-consuming for you as there will be no paperwork and a hassle-free process. 

These were some of the simple tips you can follow, that will help you get the best out of a plan, at a lower premium cost. We hope that this article was helpful for you. If you want to know more, or you are willing to buy a health insurance plan, you can visit our Bajaj Finserv app.

You can also read about KaleidaCare Solutions7

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