Health Insurance 284 views March 20, 2021

A health insurance plan ensures financial protection for you by covering your hospitalization, pre and post-hospitalization expenses in exchange for premiums that you need to pay. But what if we tell you that you can get discounts on your health insurance premiums? Yes, many health insurance companies offer discounts on premium payments. Using these discounts, you will pay less towards your insurance plan but have a high sum insured to meet healthcare expenses adequately. But which health insurance plan offers the maximum discount on premiums? For that, you need to read this post further and see which one suits you the best.

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So Which Health Insurance Plans Offer Maximum Discounts on Premiums?

Both public and private health insurers are offering discounts on premiums to acquire customers. As a customer, you should check which insurer offers you the maximum premium discount at least terms and conditions. Let’s check out the plans with their discount offers.

Max Bupa Super Saver Plan

If you purchase Max Bupa Super Saver Plan and opt for a multi-year premium payment, you can get a discount of 7.5% on the second-year premium and a 13.00% discount on the third-year premium. Using this feature, you can pay less and have all your medical expenses covered under the Max Bupa Super Saver Plan.

Oriental Insurance Individual Mediclaim Policy

If you purchase Oriental Insurance Individual Mediclaim Policy, the following discount offers on your health insurance premiums will apply –

  1. 10% discount on the premium payment if you purchase the policy on a family floater basis
  2. 10% or 20% discount on voluntary co-payment. This option shall be available on the sum insured of INR 2 lakh and above.
  3. A discount of 5.5% if you don’t opt for TPA services

Aditya Birla Health Insurance

Under Aditya Birla Activ Assure Diamond Plan, you will get the benefit of HealthReturns™ with which you can get a discount on your premium payments. You can earn up to 30% of your premium as HealthReturns™ through a combination of Healthy Heart Score™ and Active Dayz™.

To earn HealthReturns™ on your Aditya Birla Activ Assure Diamond Plan, follow these steps –

  1. Download the Activ Health App
  2. Check your Healthy Heart Score™ choose a Health Assessment by calling the Aditya Birla call center and get the score. Because this score will indicate how healthy you are
  3. If your score is low, you can improve your health by getting active or doing a fitness assessment test every six months

You can also get a discount on your Aditya Birla Activ Assure Diamond Plan through the following –

  1. 5% discount by opting the policy for 2 years
  2. 10% discount by opting the policy for 3 years
  3. 5% discount if you add 2-3 members in a Multi-Individual Policy
  4. 10% discount if you add four or more members in a Multi-Individual Policy

HDFC ERGO my: health Suraksha

You can get a discount on renewal premium by accumulating Healthy Weeks as shown below –

Healthy WeeksDiscount Rate
1-40.50%
5-81.00%
9-122.00%
13-163.00%
17-266.00%
27-367.50%
Above 3610.00%

Note – One Healthy Week includes a maximum of 15,000 steps per day or burning a total of 900 calories to a maximum of 300 calories in one exercise session per day. Your wearable device linked to HDFC Ergo my: health mobile app will track all these.

You will also get the following discount offers under HDFC ERGO my: health Suraksha Plan.

  1. Family Discount of 10% on the premium payment, provided two or more eligible family members are covered under an individual policy
  2. Loyalty Discount of 2.5% discount, provided you have purchased more than one policy from HDFC Ergo

So, the maximum discount of HDFC ERGO my: health Suraksha as mentioned above should not exceed 20% of the total premium per policy.

HDFC Ergo Health Optima Senior

In this senior citizen health insurance plan, HDFC Ergo provides the following discount offers –

  1. A no claim discount of 5% on the renewal premium if you haven’t claimed the policy in the previous year and have renewed it without a break
  2. 5% discount if you and your spouse buy this plan together
  3. An additional 7.5% discount on opting for a 2-year policy period

Tata AIG MediSenior

Under Tata AIG MediSenior health insurance plan, a 5% non-cumulative discount will be offered to you on the renewal premium after every claim-free policy year, provided the policy is renewed without any break. Also, you can get a family discount of 5% if two or more family members are covered under the Tata AIG MediSenior policy. If you pay the premium of 2 years in advance, the premium afterward will come with a 7.5% discount.

HDFC ERGO Day2Day Care

HDFC Ergo Health Insurance offers you the following discounts under this Day2Day Care Plan –

  1. If you buy the policy through HDFC ERGO direct channels, you will get a 5% discount on the published premium
  2. If you pay 2 years of premium in advance, you will get a 7.5% discount on premium
  3. A 10% discount on premium if you purchase HDFC Ergo Day2Day Care Plan along with Easy Health, Optima Restore, or Total Health Plan, where the sum insured is INR 3 lakh and above.

Note – The 10% discount will apply only at renewal or the purchase of a new HDFC Ergo Day2Day Care policy.

Get a 5% discount on premium by purchasing HDFC Ergo Day2Day Care policy along with Optima Super with a deductible option of INR 1-3 lakh at renewal or as a new policy.

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