Insurance is an unapproachable topic for many – there are stigmas that it’s confusing, unfair, or too complex to worth bothering with. One of the biggest myths is that it’s a blanket rate for everyone wanting to invest in a health insurance policy. The reality is that there are several different factors that could affect how much you pay for your health insurance each month, as well as the packages you could be entitled to.
If you’re looking to buy health insurance, read on to learn about the things that could alter the costs.
Age
Though it might seem unfair (you can’t help ageing, after all!) your health cover costs are likely to rise the older you are. This is simply because you’re more likely to make a claim as you become more susceptible to illness and injuries. Keeping yourself as healthy as possible into old age will help to minimise this higher cost.
Living location
Socioeconomic differences are a real thing, and they could also have an impact on the price of your health insurance. Especially with private health insurance, the area of the UAE you live in could affect how much you pay; some of the factors within your area that will affect you include the surrounding facilities available, the quality of accommodation, and the individual fees charged by the specialist.
Claim history
Applying for health insurance with a clean history of no prior claims will most definitely get you a cheaper payment rate than, say, if you’ve made four previous claims on a particular policy. This could also impact the premiums available to you, and the renewal time of your insurance.
Adding family members
When investing in medical repatriation, you might also have the option to add other family members onto your plan. Obviously, this will again drive the price of the health insurance plan up – as you might find yourself being offered discounts or other deals for choosing to add other people.
If you’re looking for more information on comparing insurances in the UAE, look no further than Compare Insurance. Browse our website today for the full range of insurance comparison resources carefully curated by our experts.
