OneInsure Blog
Post By Mariya Panwala
Insurance Hacks You Need To Try Now
Comments
insurance hacks, insurance policy, no claim bonus
If you have already bought yourself an insurance policy, welcome to the world of smart financial planners! If you haven’t already, it’s time you consider getting one soon because given life’s uncertainties, you must not indulge in testing your luck.
Moving on, today we have a host of insurance hacks for the smart financial planners to better their insurance experience. We are sure you’re one of them and would definitely implement each of these. So without further delay, allow us to take you through some of the most useful insurance hacks.
1. When in doubt, call your insurance agent and ask away
A lot of problems in the world can be solved by talking and consulting. When it comes to insurance, who better could it be than your insurance agent? And don’t forget that the role of your insurance agent does not end with you purchasing the policy. Dial that number which has been lying lazily in your contact list and ask questions. They’re there to help you. Especially when you’re travelling, keep their number handy and use it the instance you feel the need. Also, if you’re wondering what questions to ask your insurance agent before buying a policy, find a tailor-made list here. This list has questions that will ensure that you’re buying your policy from the right insurer.
2. Follow a healthy lifestyle and earn discounts on your premium
- Watch your weight
Being overweight or obese can increase your chances of falling prey to medical conditions like heart attack, diabetes, cancer, etc. This directly affects your premium amount. So make sure you follow a healthy lifestyle by taking a balanced diet.
- Say no to alcohol and smoking
Regular intake of alcohol can also increase your chances of being prone to life-threatening diseases like cancer. This will directly influence your premium amount. A smoker is likely to pay higher premiums than a non-smoker. So make sure you avoid smoking for not only a healthy lifestyle but also to lower your premiums.
3. Drive safe and avail no claim bonus the next year
Did you know that if you do not make any claim on your car insurance in a particular year at all, you could avail a bonus on your premium next year? Yes, that’s true. But that doesn’t mean you drive safe only to avail this benefit. One should anyway drive safe to secure one’s own and the lives of those driving besides one. Now, in case you’re a new driver then make sure that you go through a proper driving class and master the art of driving before hitting on the road.
4. Get a family floater instead of an individual health plan
A family floater provides a comprehensive coverage which can be used by any family member during a single time if need be. For example, a family has a family floater with a cover of ₹4,00,000. Now, let's say the medical cost incurred on hospitalization of a family member amounted to ₹3,00,000 in a particular year. In this circustance, if the family wishes, the family can use the maximum ₹4,00,000 sum assured on a single member for a particular year. Contrarily, in an individual health plan, the insured person although can get as much as ₹4,00,000 cover but it it insures only one person whereas the family floater covers not just one but as many as six members i.e. self, spouse, two children and two parents (there are also plans in the market today which go on to cover even more members).
That’s it. Try these hacks to yield better results on your financial plans. Have similar tips to share? Let us know in the comment section below.
.jpg)
