One term that is already familiar to the ear is premium. The amount of the premium usually depends on the insurance benefits. The wider the benefits, the more expensive the premium.

However, there is one interesting thing about premiums where you can get them at low prices. Interested? Here are some ways that can be done.

Want to Get Cheap Insurance Premiums? Here's How!

1. Buying insurance from a young age

The older you are, the higher your risk of getting the disease. It is natural that insurance premiums when you get older are more expensive than when you are young.

To anticipate this, you can buy insurance products from an early age, for example when you are 22 years old or while working. Because, your health condition is much better than people aged 30 years and over.

No need to be afraid of expensive premiums because you can adjust it to your needs at that time. After all, these benefits can be renewed later, when you get older with premiums that can adjust to your financial condition.

2. Pure insurance product lyrics

The point is insurance products that are not accompanied by any frills behind it, such as investments. If premiums are allocated to investments, the company needs to increase the amount of monthly premiums which makes insurance bills more expensive.

If you want to have affordable insurance, choose pure insurance. For example, life insurance for death benefit benefits.

If the insured dies, the insurance premium is not returned but is given to the heirs. The names of the heirs have been known since the beginning because this is a mandatory question when registering the policy.

3. Carefully choose benefits

The more benefits you get, the more expensive the premium paid. So try to carefully choose the benefits, so you don't have to pay more.

If the agent offers additional benefits (rider), you can immediately refuse. Or see the types of benefits first, then adjust them to your needs. If you feel the need, then take it and vice versa.

As explained in the first point, where insurance benefits can be renewed at any time. So, there is no need to rush to get complete benefits if you feel you don't need it.

4. Pay annually

In general, insurance premiums paid annually are much cheaper than monthly because there is an element of certainty in it. Not only the policy status that remains active, but also the premium payment method that uses an annual system in the following year.

The difference can reach hundreds to millions of rupiah, depending on the premium calculation if paid monthly. Pretty good, right?

However, back again must be adjusted to each financial. If you feel you can afford the annual premium, give it a try. If not, paying a monthly premium is also okay as long as the payments are smooth, so you are protected at all times.

5. One product for all

There are several differences between insurance for individuals and groups. One of them is in terms of premium payments, where group insurance premiums are cheaper than individual insurance premiums.

For those who are married, what's wrong with looking at insurance products that cover costs for all family members. Instead of having to buy one by one, right?

Besides being economical, the payment mechanism is also simpler, as well as when submitting a claim. Where one participant card can be used to cover costs for family members whose names are recorded in the insurance policy.

6. Determine the age limit for protection

The longer the insurance coverage period, the more expensive the premium paid. Between the age of protection up to 70 years and 99 years, the 99 years is definitely more expensive.

Although the benefits are for the long term, you must also adjust to the number of people living in this day and age. Rarely does anyone survive to the age of 99 years.

It is better to determine the age limit of protection when buying insurance products. That way, you can save on premium costs.