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Mr. Verma is a 30-year-old man and has a family of four including his wife, his son, and his father. He was advised to buy health coverage for all, but he is a salaried employee with a limited budget at his disposal to pay premiums. He was obviously confused as to which health insurance plan to invest in so that he got all possible benefits at a minuscule cost. Would you like to know what he did to achieve this nearly impossible-looking target? Health Insurance with low Premiums is like a blessing for us.

A few things that Mr. Verma was suggested to do and he successfully implemented them:

Factors Keep in Mind

1. Family Floater Policy

Since Mr. Verma is quite young, he was advised to buy a family floater plan that covers the entire family under one sum assured, and premiums are paid as per the opted sum assured or health cover. The only exception to it was that he didn’t include his father in the plan as the oldest member’s age and pre-existing diseases determine the premiums and that makes it go higher. It was better to buy him a separate plan and still get maximum benefits at the lowest possible cost for the entire family.

A family floater policy is a quite good option to protect a family, look health policy is the basic need of today's time. Basic need, because there are certain reasons to write it, the way medical costs are rising it would be quite expensive to get treatment in a private hospital individually and having health issue is a common problem with everyone. And talking children, they play and they fight and they also get sick, and in such situations, there will be frequent visits to the doctor and such expenses also affect the monthly budget. So, having a health policy is like a blessing and everybody should think about buying a health policy.

2. Riders

Most health insurance plans come with additional riders like critical illness cover, accident policy, etc. which lead to rising in premiums. He was wise enough to go through those options, checked his family’s need for them at this stage of their lives decided not to include those riders, and kept his premium low.

The coverage of a plan makes it better, talk about rider benefit, so with the help of this, you can improve your health plan. We have often seen and heard that finding the best health plan is as difficult as finding a lost coin in the dark of night, but one thing we all should understand is that no health plan is the best, it should be made according to their own understanding and need. By making an account, it is made the best. Finding the best health insurance is not easy for anyone, you need to do a lot of research about the health policy

3. Limiting Hospital Room Costs

Mr. Verma had the choice of either selecting a high-end hospital room or an economical budgeted room option in case he needed hospitalization in the future. It was smart enough on his part to choose the hospital rooms with low per day costs to keep premium in check. He needs medical care, not a 5-star hotel treatment, right?

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