3. Shop For Health Insurances That Comes With Lower Premiums

Once you realize the importance of health insurance, make sure that you look for different insurance policies provided by banks and financial institutions, before buying one. After you do a research about insurance plans, you will be able to choose the one that suits you. Remember your choice should purely depend on your income and expenditure.

4. Take Cover for Basic Hospitalization

If you feel that you cannot afford a complete health insurance plan, atleast try to get the basic hospitalization cover.  It will function as a security for your family in case of sudden illness or injury.

Ajay Bimbhet, managing director, Royal Sundaram Alliance Insurance Company says "The coverage, however, should take into consideration the healthcare costs in your city/town. Normally, a sum insured of 2 or 3 lakh would be required. If the customer chooses to, he/she can take a higher cover also, depending on his/her needs."

5. Top-Up Cover

If you already have your employer’s cover alongside an individual health insurance, but still looking for a higher coverage, then do not buy another policy. You can top up the cover, which gives an extra cover helping you to save a considerable amount on your premium.

Also Read:

Are You Opting To Lower Home Loan Rate? A Quick Guide To Follow

5 Personal Finance Myths Which Can Make You Loose Money