subject: Health Insurance Premium—Easily affordable [print this page] Health Insurance PremiumEasily affordable
About 80-85% of the people in India are not covered under health insurance, which is matter of great concern. On research, it came to the forefront that people believe health insurance to be a complicated product. Some are of the belief that health insurance costs are too high. This shows that people are not much aware about health insurance. Thus, the need of an hour is to spread awareness about health insurance.
People who believe that health insurance costs are too high are living with the wrong perception. The truth is that health insurance plans are available for people of all income groups. There is a range of health insurance premium that has place for every individual, either rich or poor. So, there is no need to worry even if you want o have a plan of less premium amount. The important thing is to have health coverage.
Health Insurance premium, the amount paid at the time of policy issuance, is too meager as compared to the coverage offered. This amount is to be paid periodically to avail the coverage. The regular renewal of the policy helps to avail coverage along with few extra benefits. Hence, it is advisable to renew the plan on time.
Every health insurance provider has its rules and regulations to calculate the premium. The factors that play an important role in calculating premium are an applicant's age, number of people to be covered, health status and lifestyle. Premium rates may differ state wise in some cases.
Those days are gone when people used to call agents to know about the health insurance premium but today, internet has brought a great change. All prominent health insurers, like Apollo Munich Health Insurance Company, have launched online premium calculator to help people to compute the premium themselves before buying the plan.
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