23/02/2026
ARE You Aware ????
💡 Ways to Reduce Mediclaim Premium — And the Consequences You Must Know
Many people say,
“Premium is too high… can we reduce it?”
Yes ✅ You can reduce your Mediclaim premium.
But every choice has consequences.
Before reducing cost, understand what you are sacrificing.
🔹 1️⃣ Increase Deductible
(Voluntary Excess)
📉 Premium reduces
⚠️ But you pay initial amount from
your pocket during claim
👉 Suitable for: People who have
emergency savings.
🔹 2️⃣ Choose Higher Co-Payment
📉 Premium reduces
⚠️ You share a percentage of every
claim
Example: 20% co-pay means you pay ₹1 lakh on a ₹5 lakh bill.
👉 Risk: Big hospital bills can disturb
savings.
🔹 3️⃣ Reduce Sum Insured
📉 Premium reduces
⚠️ Coverage may become
insufficient due to rising medical
costs
Example : But if you check 5 Lakh
Premium costs about 23,000 , 10
Lakh cover may cost Rs.
26,00,000 , better take high cover.
Remember: Medical inflation is 12–15% yearly.
👉 Cheap today… costly tomorrow.
🔹 4️⃣ Remove Add-Ons / Riders
📉 Premium reduces
⚠️ You lose benefits like:
Room rent flexibility
No claim bonus protection
Consumables cover
Critical illness rider
👉 Less premium = Less protection.
🔹 5️⃣ Opt for Long Waiting Period
Plans
📉 Lower premium
⚠️ Pre-existing diseases may not be
covered for longer duration
👉 Not ideal for people with existing
health issues.
⚖️ Smart Decision = Balance Between Premium & Protection
Reducing premium should not mean reducing safety.
Ask yourself: ❓ If a ₹10–15 lakh hospitalization happens, am I fully protected?
Mediclaim is not an expense… it is protection of savings.
Make an informed choice, not an emotional one.
If you want a customized cost-effective Mediclaim structure for your family, feel free to connect.
Nitin Mhatre
Life and Health Advisor
Panvel | Navi Mumbai
📞 8805023020
[email protected]
you aware?
