WHATTT!!! Health insurance premiums are likely to go up? 🤯
Yup! Because of higher claims due to COVID-19 resulting in rising healthcare inflation.
But here are some hacks to reduce your premiums ⤵️
#investing #StockMarket
Yup! Because of higher claims due to COVID-19 resulting in rising healthcare inflation.
But here are some hacks to reduce your premiums ⤵️
#investing #StockMarket
How could you reduce premiums on your health insurance:
• Get treatment in Network Hospitals
• Opt for voluntary deductible
• Pay 2-3 years’ premium to earn 7.5% discount
• Switch to policies with sub limits
#healthinsurance #FinancialFreedom
• Get treatment in Network Hospitals
• Opt for voluntary deductible
• Pay 2-3 years’ premium to earn 7.5% discount
• Switch to policies with sub limits
#healthinsurance #FinancialFreedom
▣ Get treatment in Network Hospitals 🏥
A hospital that has an agreement with an insurance company for providing cashless treatment is referred to as a Network Hospital.
A hospital that has an agreement with an insurance company for providing cashless treatment is referred to as a Network Hospital.
▣ Opt for Voluntary Deductible 🩺
Referred to as excess, represents that part of your claim that you would have to foot yourself before insurance coverage can kick in.
Referred to as excess, represents that part of your claim that you would have to foot yourself before insurance coverage can kick in.
▣ Pay 2-3 years’ premium to earn 7.5% discount 📃💵
If you are willing to pay an upfront premium for two or three years at one go, you can earn yourself a discount that ranges from 7.5-15%.
It also has tax advantages.
If you are willing to pay an upfront premium for two or three years at one go, you can earn yourself a discount that ranges from 7.5-15%.
It also has tax advantages.
▣ Switch to policies with sub limits ⚕️🩹
A sub-limit is a predetermined monetary cap that is placed on your claim amount by the insurer.
For example, if your SI is ₹5 lakh room, and your rent charges are capped at 1%, your insurance will cover the same up to ₹5,000.
A sub-limit is a predetermined monetary cap that is placed on your claim amount by the insurer.
For example, if your SI is ₹5 lakh room, and your rent charges are capped at 1%, your insurance will cover the same up to ₹5,000.
To know A to Z of insurance companies and how do they make money click here: quest.finology.in/courses/how-do…
And if you liked the thread hit the Retweet button 🔄
And if you liked the thread hit the Retweet button 🔄
• • •
Missing some Tweet in this thread? You can try to
force a refresh
