Yoga originated in India thousands of years ago when the learned sages and Gurus preached their knowledge of harmonising the body and soul. Today, Yoga has gained international recognition and is celebrated, every year, on the 21st of June. This year too the world International Yoga Day is around the corner and would be celebrated worldwide.
Yoga has been recognised internationally for a very simple fact, the health benefits that it offers. Yoga is a complete exercise that can attune your body and mind and help you stay healthy and fit. Furthermore, Yoga also helps in reducing your health insurance cost.
Surprised? Don’t be! Though indirectly but practising Yoga sure can help you lower your health insurance cost. Here are five ways how –
1. Lower premiums when buying the policy
When you practice Yoga regularly, you can stay fit and healthy. This fitness determines the premium calculation when you buy a health insurance policy. If at the time of buying the health insurance policy, you suffer from a medical complication, the premium of the policy would be increased to bear the increased health risk. However, if you are healthy, you can avoid this loading and enjoy lower premiums.
Infact, some insurance companies also offer discounted premiums for healthy individuals. You can avail of such premiums when you practice Yoga and are healthy.
2. Enjoy no claim bonus
No claim bonus is a reward that health insurance plans offer if you don’t make claims in the previous policy years. When you practice Yoga, you can stay fit and avoid possible lifestyle illnesses and complications. This reduces the probability of claim allowing you the no claim bonus in the policy.
The no-claim bonus can either be given as a free increase in the coverage amount or as a premium discount on renewals. In either case, your health insurance cost goes down. If the sum insured is increased, you enjoy higher coverage at lower rates. Alternatively, you can reduce the premium outgo if there is a renewal discount offered by the insurer.
3. Get wellness discounts
Many health insurance plans offer wellness benefits and discounts when you renew the coverage. If you lead a healthy lifestyle, such plans allow a discount on the renewal premium. Yoga can help you lead this healthy lifestyle and opt for the available discounts. And where there are discounts, the costs ultimately go down.
4. Avoid claim-based loading
Some insurance companies load the renewal premium if you make a claim on your policy in the previous year. This enhances the premium outgo making the plan dearer. However, with Yoga, you can stay healthy and avoid claims. When there would be no claims, there would be no claim-based loading allowing you to keep your health insurance costs affordable.
5. Get the best deal
Lastly, when you practice Yoga and stay fit you get a variety of health plans to choose from. You can compare the coverage across multiple policies and choose a plan that offers the best coverage at the most affordable rates.
There is a reason Yoga is acknowledged worldwide to be a way of healthy living. It improves your body functions, and its systems and helps you stay fit and healthy. In fact, if practised regularly, you can also bid adieu to common lifestyle illnesses. If you also add meditation to your routine, you can improve your mental health too.
So, this World Yoga Day, add Yoga to your lifestyle and witness a positive change in your health. Use this chance to get low-cost health insurance plans which offer a comprehensive scope of protection. Maximise the full potential of this age-old practice and benefit physically, physiologically, mentally and financially.
