Know your health insurance premiums
What is an insurance premium?
The cost of insurance is the amount that each person registered with the insurance company as insurance must pay. The amount of the cash payment is determined monthly by the insurance company, taking into account the status of the Client. This indicates that the value of money is not the same for one client and for another.
The function of the insurance premium is to financially return registered customers for future losses. For example, if you have paid your health insurance premiums and at any time become ill and need treatment, the funding for your hospital stay may be reduced or paid by the insurance company from the premiums you paid in previous months.
Factors affecting the amount of health insurance premiums
The premium amount, whether high or low, is also determined by several factors, including the first type of insurance product chosen. If you choose an investment-based type of health insurance, there is no doubt that the cost will be higher than the usual insurance premium.
Secondly, the liability factor for claims that the customer will receive later. This is based on the service products provided by the insurance company. Typically, each insurance company provides different coverage options.
The amount of the insurance premium to be paid is usually stated in the insurance policy document. The presence of this health insurance premium is used to pay insurance costs (cost of insurance).
As a general rule, the higher the risk, the higher the premium you must pay. The following are some examples of conditions that increase health insurance premiums.
1. People who already have congenital or hereditary diseases usually have higher health insurance premiums than people who are still healthy.
2. People who smoke daily will pay higher premiums than people who don't smoke.
3. Meanwhile, overweight people will also pay more expensive insurance premiums than normal-weight people.
Equally important when determining which health insurance to choose, it must be adjusted monthly to suit your needs and income.
For example, those of you who have a monthly salary of more than 10 million rupees are certainly more free to choose the type of health insurance that offers more qualified services. But unlike those of you who have a salary of 5 to 10 million rupees, you will definitely choose the option with a more affordable premium price. Similarly, those who have a salary below 5 million rupees should be wiser in choosing health insurance so as not to interfere with finances.
Also, when buying health insurance, don't just think about the premiums that must be paid. try to find out about the company's track record, ease of filing a claim, and so on.
Prudential itself offers many health insurance products that offer comprehensive health protection for you and your family. Some of them are PRUPrime Healthcare Plus, PRUPrime Healthcare Plus Syariah, PRUCritical Hospital Cover, PRUHospital and Surgical Cover Plus, and many others. !!!
We hope that the above information regarding insurance premiums will help you understand it better. If you are currently looking for the best health insurance, you can choose Prudential Insurance. The reason is that this insurance company has an undeniable authority.
By Adnan sean 2 February 2022
