5 Things That Drive Up Health Insurance Premium
- Author :
- TATA AIG Team
- Published on :
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. Understand the common factors that are driving up your health insurance premium.
Factors 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.
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.
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.
Living a lifestyle of constant drinking, rash driving, high-risk activities can highly affect your premium.
Some professions might be dangerous and pose more health risks than others, and this can also affect your insurance premium
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
Disclaimer / TnC
Your policy is subjected to terms and conditions & inclusions and exclusions mentioned in your policy wording. Please go through the documents carefully.