Therefore, you may need to pay higher premiums for plans that also cover your family members including your spouse, children, and aged parents. However, when you add your family members within the same policy, the risk widens. family enrolment: When you buy a health insurance plan for yourself, the risk is limited to you. Therefore, it is in your best interest to avoid consuming tobacco. Tobacco use: If you regularly consume tobacco in any form, your health insurance premium shoots up by several notches.Choice of profession: If you have a high-risk job or are exposed to an environment where the chances of injury are high, you may need to pay a higher premium towards your policy.The charges are on the higher side because the insurer covers a greater risk on your behalf. Pre-existing medical conditions: You might need to pay a higher premium if you suffer from any pre-existing medical condition.So, buy health insurance when you are young to get the benefit of lower premiums. Health insurance premiums increase with age as the body becomes vulnerable to various diseases. Age: When you are young and healthy, you need to pay less towards your health insurance plan. ABSLI Pradhan Mantri Jeevan Jyoti Bima YojanaĪBSLI Group Bima Yojana Plan (Micro Insurance)Īge, lifestyle habits, choice of profession, and existing health conditions are the factors that affect your health insurance premium.
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