Health Insurance: Buy health insurance carefully, you will get more benefits with lower premium..

When buying health insurance, insurance agents do not provide many types of information to the consumers. Even while buying health insurance online, due to a lack of information, customers are not able to reduce their premiums. Till a few years ago, there was no option to change the features available in health insurance products, but now this option is available. Consumers can reduce their premiums by changing the features of the health insurance product as per their requirements.

This is how you can reduce the premium.
If you feel that during treatment you can stay in a double room or general ward instead of a single room, then you can change the feature of the single room. This can reduce your premium by 5-10 percent. After consultation with the insurance agent, you can reduce the premium by changing many more features. Increasing the feature will increase your premium.

Decide the premium period at your convenience.
Earlier, consumers had to pay the premium of health insurance in one go. Due to the money being paid in one go, many people missed buying the insurance. But now insurance companies are providing the facility of premium payment as per the convenience of the consumers. Instead of paying the premium of health insurance at once, consumers can pay it on a half-yearly, quarterly, or monthly basis.

Give complete information
While purchasing the insurance product, you should give complete information about your old disease. Otherwise, many times the claim gets rejected due to these reasons. - If you already have BP, sugar, or heart-related disease, then you should give information about it. There is a waiting period of up to three years for these diseases. This means that the company will bear the cost of treatment related to these diseases after the waiting period.

After continuing the insurance for five consecutive years, the company cannot reject the claim of any disease.

Increase the coverage amount by paying an additional premium
Siddharth Singhal, Health Insurance Head of Policybazaar.com, says that consumers can increase their coverage amount to one crore by paying two-three thousand rupees extra in the health insurance premium. This can completely avoid the expenses of the disease. Financially capable people should do this because in case of a serious disease, the hospitals make a bill of at least 15-20 lakh rupees. Hospital expenses are increasing continuously in big cities. In such a situation, a family should have health insurance covering treatment facilities up to at least Rs 10 lakh.