How to Save Premium in a Health Insurance Policy and get the Right Policy ?

It is also important to consider the premium amount that you would have to pay, to ensure the best suited policy as per your needs. Some of the factors to be considered are:

• Family floater – It operates as a combined insurance for family. Family floater policies come at a lower premium but a higher sum is usually insured. One can afford to take a separate policy for parents or senior citizens.
• Add on Covers/Riders – Additional riders are usually for extra medical cover and additional services . The premiums are obviously higher than others. These riders includes critical illness cover, personal accident cover, hospital cash etc. After considering the particular health insurance package purchased, one may decide that there would be no need for such add-ons, in such case a lower premium for health insurance policy can be bought.
• Co-Pay / Deductible : In this case part of the cost will be borne by the policyholder and the rest is taken care of by the insurance company. if the insured chooses to pay for higher expenses in the Insurance plan the premium would be quite low.
• Life Style : A healthy lifestyle will help you to get lower premium rates; i.e. non-smoking, non-drinking & not have any pre-existing illness at the time of policy issuance. Ensure you provide correct information while buying the policy.