Life Insurance Premium: Life is full of uncertainty and it is important for every person to accept this truth. Today is also World Heart Day and nowadays heart disease has become quite common, due to which it is very important to keep in mind the instability related to this health. In such a situation, whether you believe it or not, whether you are a family member or a person living alone, everyone must take insurance keeping in mind their health. However, in today’s insurance, whether it is life insurance or health insurance, the premiums for all are high.
Possible savings of 10% to 15% on insurance premium
In such a situation, if we tell you the method by which you can save 10 percent to 15 percent on insurance premium, then you may be surprised. But there is such a method and you are being given information about it here. Multi-Year Health Policy: This is a type of insurance plan in which the insurance taker pays the premium at one time and it is not necessary to renew it every year.
How does multi-year insurance work?
In multi-year insurance, the premium amount is locked for three years or the duration of the policy. You can be free from paying more premium for the premium next year.
Benefits of multi-year insurance policy
As you know that for an insurance policy you have to pay premium every year. However, under multi-year policy, many insurance companies offer 2-year or 3-year health insurance plans to the customers. Under this you get 2-3 types of benefits.
first advantage
You get a discount on the premium in a multi-year insurance policy.
second advantage
You do not have to face the problem of increasing insurance policy premium every year.
Biggest and third biggest advantage
The biggest advantage of this type of policy is that if you take a policy for 2 years, you can get a discount of up to 10 percent on the insurance premium. Apart from this, you can get a benefit of up to 15 percent on 3 years of insurance.
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