Discounts bring a smile to your face. Due to cut-throat competition, health insurance companies offer policies at different discounts to the customers. It brings a win-win situation for them. The discount reduces the premium and helps customers get the best health insurance coverage without overburdening their pockets. But, often, customers are not aware of these discounts. So, if you are also about to buy health insurance, look for these discounts:
Family Discount- It is so good that you can also keep your family members protected at a low premium under a single policy. Companies like Care Health Insurance offer a discount if you add more than two family members to the same policy. It lessens your financial responsibilities and keeps your monthly family budget intact.
Cross-Sell & Loyalty Discount- If you buy a policy from leading companies, they reward you for your loyalty. You can avail of cross-sell and loyalty discount if you have continuing retail policy for the last six months. It is like a return for your commitment.
Discount for Multi-year Policies- This type of discount is based on a single premium. You are also entitled to get a discount on multi-year policies:
- For 2 year, rate = 7.50%
- For 3 year, rate= 10.00%
Discount for Deductible- Deductible is the amount that has to be paid by the policyholder before the policy starts covering the hospital bill. If you opt for a higher deductible, you can get a discount on the premium. Thus, before choosing a health policy, check the discount value on deductible as well.
Health & Wellness Discounts- Some companies offer health and wellness discounts. You can get discounts mostly on diagnostics, OPD consultations, and pharmacy. However, you can avail of health and wellness discounts only at the network healthcare providers empanelled with the company.
Online Discounts- Do you know companies also offer online discounts? If you buy a health insurance policy online, you can get a discount of up to 20% depending on the plan. It is beneficial for the customers, especially at the present pandemic time. You do not need to go to the branch office of the company to buy the health policy. You can look for the best health insurance coverage online, read the details, policy terms, and conditions and opt for it while sitting in the comfort of your home at a reasonable premium.
Top Health Insurance Companies Offer Online Health Insurance Policy
Below is the list of some trustworthy companies that offer health insurance plans online. You can check the details and opt for the right one.
| Health Insurance Company | Network Hospitals | Claim Settlement Ratio |
| IFFCO Tokio | 4000+ | 92.66% |
| Care Health Insurance | 8350+ | 95.2% |
| HDFC Ergo | 10000+ | 90.32% |
| Max Bupa Health Insurance | 4500+ | 83.92% |
| Star Health | 8800+ | 78. 15% |
Takeaway
No doubt, discounts give you relaxation in the premium amount and ease your budget. But, be extra cautious while opting for the best health insurance policy with a discount. Make sure you do not pay any hidden charges and make sure the health insurance coverage is also comprehensive.
