Bharti AXA HEALTH Insurance Seven Factors that Decide Health Insurance Premium 9 May 2018 7 Factors that Decide Health Insurance Premium Life is unpredictable. A medical situation may arise at any given time and our current lifestyles aren’t making things easier either. We live and work in a high-stress environment and with busy work schedules, we have no time to dedicate to our health. We cannot always cannot prepare for an unforeseen incident, you can always rely on health insurance to protect you and your family from financial troubles. Health insurance takes care of your expenses in case of a medical emergency. All you have to do is to select an appropriate health insurance and pay a monthly sum. A premium is an amount you pay to get insurance cover. Insurance vendors often calculate premiums on parameters that take into account various factors. Here we discuss some of the conditions that affect the rate of health insurance premiums. 1. Pre-existing Medical Conditions If you opt for a health insurance, the organisation will ask you for your medical records. If a medical condition exists before the purchase of the policy, policy providers may or may not choose to include it in the policy. If it is not covered, then you may have to bear the expenses for the stated condition. If the company provides a cover, the cost of premium will be higher. 2. Family Medical History Policy providers also require the complete medical history of an individual before providing an insurance cover. If your family has a hereditary condition which makes you prone to diseases like diabetes, heart disease, cancer, your premium cost may go up. 3. Use of Tobacco Individuals who have a habit of smoking or chewing tobacco are predisposed to contracting life-threatening diseases like cancer. Injurious habits are taken into consideration while deciding premium rates. The monthly sum that you pay as a premium will be higher if you indulge in such activities. 4. Body Mass Index Research suggests that people with high Body Mass Index (BMI) are susceptible to diseases like heart issues, joint problems, and diabetes. It has been also found that individuals having high BMI may require special attention during medical treatment and emergencies. As a result, having a high BMI may affect premium rates. 5. Gender According to experts, women are more cautious when it comes to health. They are more likely to visit a doctor and take prescriptions in the case of a medical situation. Women are also more prone to chronic illness such as diabetes, asthma, dementia etc. These factors affect premium rates. 6. Age It has been found that young policyholders suffer fewer health complications as compared to older individuals. It is possible that older individuals have more health concerns. Their frequency of visiting a general practitioner for medical check-up is also higher. Hence, premium rates are higher for older individuals. 7. Choice of Profession People who have a hazardous work environment have to pay higher premiums. If the work requirement entails exposure to radiation, chemicals, pollutants or a high risk of injuries, individuals will have to pay a higher sum as premium. Why choose Bharati AXA Health Insurance With health insurance plane, financially secure yourself and your family at affordable premiums FLEXIBLE PLANESComprehensive Range of medical cover up to Rs 1 Cr TAX SAVINGSUp to Rs 55,000 Tax-saving under 80D CASHLESS CLAIMSClashless Hospitalization Across 4500+networks hospitals DEDICATED CLAIMS HANDLER Explore Our Products Car Two Wheeler Travel Health Critical Illness Personal Accident Request Call Back Category * - Select -CarTwo WheelerHealthTravelPersonal Accident Buy Renew Claim submit Disclaimer : The information published on this website is for the public's reference only. Content of this information is to provide an overview of your Travel needs and should not be relied upon for personal, medical, legal or financial decisions and you should consult an appropriate professional for specific advice. Bharti AXA General Insurance Company Limited makes no representations about the suitability, reliability, timeliness, and accuracy of the information, travel, services, or any other items mentioned on this subject for any purpose whatsoever.