5 Things That Drive Up Health Insurance Premium

Insurance, in a way, is a wager the provider makes on your future need for medical care. Higher chances of you falling sick means higher chances of you making claims, and thus the cost of premiums is higher too.

Age

Older people are more likely to fall sick or require health care, so the premium goes up. The best way to reduce premium is to buy health insurance when you are young. You can learn more about the reasons to buy health insurance early with our blog.

Pre-Existing Conditions

If you’ve been diagnosed with certain health conditions, then you are at a higher risk of falling sick. Pre-existing medical conditions are costly, so think ahead and choose an insurance policy that covers pre-existing conditions. You can also read more on pre-existing disease cover in health insurance with our blog.

Lifestyle

Living a lifestyle of constant drinking, rash driving, high-risk activities can highly affect your premium.

Profession

Some professions might be dangerous and pose more health risks than others, and this can also affect your insurance premium

Family History

Many diseases are hereditary, which means if your family has a history of illnesses, you are at higher risk of falling sick. While you cannot control some of these factors, others are in your hands. For instance, purchase health insurance policy at a younger age, quit unhealthy habits and lead a healthy lifestyle.

And while you’re at it, add another layer of protection by investing in a good health insurance for your family, for yourself and your family.

To know more visit: https://www.tataaig.com/health-insurance/medicare

Or Call Toll-Free No: 1800 266 1363