Stay Healthy, Throughout

Insurers are expected to question you regarding the family history; precisely the ones which concern genetic ailments. Moreover, questions regarding pre-existing conditions are also asked during the policy issuance. Therefore, in order to minimize the premiums, it is advisable to remain healthy and file the disclosures, completely. If you can remain healthy during policy issuance, a well-rounded term plan often takes care of the conditions which are discovered over the course of time. While these are some of the tried and tested techniques for minimizing the premium slabs pertaining to a term policy, you can also opt for some other strategies, including longer insurance terms, higher sum assured, annual payments, and policy purchase at a young age for effectively lowering the associated premiums and that too without coverage compromise. Remember, if you are looking for the best investment options in India for short-term or long-term, term plans are the way to go. However, choosing the right plan without compromising on coverage is what you must strive for.