Residents of the Sultanate of Oman are required to have health insurance coverage by law. It is a must to cater to the rapidly rising medical costs. But often the best possible plan does not fit into our budget. The premiums and add-ons can be costly. We must look for an affordable option. Lower insurance bill is easy to manage without having to curtail our lifestyle and good health needs.
Below are a few tips on how to save money on your health policy and live a worry-free life.
1. Start Early
Young age equals fewer health issues and less requirement of extensive coverage. This plays a big role in lowering the premium. So, try to purchase early and start saving a considerable amount.
2. Consider a Family Plan
This is an economical option over an individual policy. An umbrella plan is ideal for your loved ones. Everyone is covered with a basic hospitalization plan. You can expect more flexibility at quite a less price. This can be a good way to save money.
3. No Claim Bonus or Cumulative Bonus
No Claim Bonus or cumulative bonus is offered when you do not file a claim within a particular period. The amount is credited during policy renewal. It can also come as a discount. This can help increase the total sum assured and save money on the policy.
4. Top-Up Plans
Check if your health insurance company offers top-up plans. This comes in handy when the sum assured is exhausted. A mix of primary coverage plus top-up is a less-costly alternative rather than getting a fresh plan with high coverage. It is especially useful if you are young.
5. Try to Stay Healthy
Aim to achieve the right body weight. Maintain good lifestyle habits. Sleep and exercise well regularly. All of these can improve your health. You are less likely to require high-end coverage that helps minimize insurance costs.
Following these tips can help you score affordable health insurance in Oman. Look for favourable claim payout ratios, on your search for a reputed insurance company to minimise hassles.