While the world continues to come to terms with the aftermath of COVID-19, the importance of preventive healthcare has never been more evident. However, it’s essential to remember that preventive healthcare doesn’t eliminate the possibility of future medical emergencies. Health insurance, which combines preventive care with coverage for unforeseen medical costs, ensures overall well-being.
The Link Between Health Insurance And Staying In Shape
Leading a healthy lifestyle offers numerous benefits and positively affects your health insurance premium. Age, pre-existing conditions, and lifestyle choices influence health insurance rates. Being healthier lessens the chances of expensive medical procedures, lowering the insurance company’s risk and providing advantages to individuals with a lower risk profile.
The policy seeker’s physical health is considered by more than just the underwriting procedure to provide reduced premiums. Only some people know that maintaining good health can save up to 100% of their premium, even when it comes time for Bajaj Allianz health insurance renewal.
Wellness benefits are initiatives and services created by health insurance companies to encourage specific preventive healthcare practices and enhance policyholders’ general health and well-being. Following the guidelines set forth by the Insurance Regulatory and Development Authority of India (IRDAI), health insurers award reward points to policyholders who take up physical activities, such as cycling, jogging, or exercising, and adopt healthy behaviours. As far as renewal goes, customers can use these reward points to cover their premiums. These points can also be redeemed for concessions on outpatient visits, diagnostic fees, prescriptions, and other expenses. #
For example, health insurance plans on the market offer policyholders an annual premium concession of up to 100% if they walk a specific number of steps per day (typically 10,000) during the policy year. Naturally, the concessions change based on how well the policy’s health objectives are met.
The policyholder must install an app on their phone or wear smart-wear devices to track their daily physical activity. In addition to walking a specific amount of steps, other factors, such as joining a gym or getting a health evaluation, may also be considered. These benefits are meant to encourage people to live healthy lifestyles and take preventative health care. The goal of wellness health insurance benefits is to lower long-term healthcare costs for the benefit of both the insured and the insurer.
Maintaining Health Pays Off
Finding a fitness regimen you enjoy and can stick with over time is the key to success. This can entail experimenting with various forms of exercise, like swimming, hiking, or dancing, until you discover one you enjoy doing. In addition, it might entail gradually altering your diet and way of life instead of following a rigid and constricting eating schedule. Make sure you understand the health insurance claim process and renew the policy on time.
Thus, remember this the next time you think about skipping the gym or reaching for that unhealthy snack.
Standard T&C Apply
Visit the official website of IRDAI for further details.
Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.