How to Reduce Your Health Insurance Premium by 25% to 40% During COVID-19
The COVID-19 pandemic has made health a priority for everyone. Despite precautions, the risk of infection remains high. Treatment costs in private hospitals can range from ₹5 lakhs to ₹10 lakhs — a huge expense for most families without a backup plan.
The Challenge for Low-Income Families
Health insurance is essential, but for many poor and lower middle-class families in India, high premiums make it inaccessible. For example, a ₹10 lakh sum insured policy covering two adults and two children (with the elder member being 40 years old) typically costs around ₹25,000 per year.
Smart Solution: Split Your Coverage with Base and Top-Up Policies
You can significantly reduce your premium by buying two policies instead of one:
- Base Policy: Covers initial expenses up to a lower sum insured (e.g., ₹3 lakhs)
- Top-Up Policy: Kicks in above the base policy, covering the remaining sum insured (e.g., ₹10 lakhs with a ₹3 lakh deductible)
This strategy helps families access comprehensive coverage while reducing annual premiums by 25% to 40%.
Real Example: Savings with Dual Policies
Consider Mr. A, born on 05/08/1980, seeking health insurance for his family (two adults and two children) from Max Bupa Health Insurance Co.:
| Name | DOB | Age | Relation | Premium Base Policy ₹10L | Premium Base Policy ₹3L | Premium Top-up ₹10L (₹3L Deductible) | Total (Option 2) | Savings (Option 1 – Option 2) |
| Mr. A | 05/08/1980 | 40 | Self | ₹24,633 | ₹9,632 | ₹4,388 | ₹14,020 | ₹10,613 |
| Mrs. A | 17/06/1985 | 35 | Wife | Included | Included | Included | Included | |
| Daughter | 20/04/2017 | 3 | Child | Included | Included | Included | Included | |
| Son | 27/01/2019 | 1 | Child | Included | Included | Included | Included |
Result: By opting for the base + top-up combination (Option 2), Mr. A saves ₹10,613 annually compared to purchasing a single ₹10 lakh policy (Option 1), while enjoying similar coverage benefits.
How We Can Help
We specialize in helping customers find the best health insurance combinations tailored to their needs and budget. Whether you want to purchase a new policy or renew an existing one, contact us to explore affordable, comprehensive options.
Contact:
Phone: +91 99996 82324
Email: abad@bimasathi.inmailto:abad@bimasathi.in
Don’t let high premiums block your path to health protection. Smart planning can save you money without compromising benefits!
