Health plans: Is it wise to opt for monthly payments?
Mint Mumbai|February 07, 2024
Many youngsters are opting for monthly or quarterly premium payments, but risks abound
Aprajita Sharma & Sashind Ningthoukhongjam

Insurers have started promoting monthly and quarterly premium payment modes in an effort to make health plans affordable for all. Besides, they are also offering zero-cost EMI (equated monthly installment) options now. The idea seems to be appealing for many. Data obtained from insurance distributor Policybazaar shows that 33% of young salaried individuals (aged 26 to 35) prefer the monthly payment mode when purchasing such a policy for the first time. Interestingly, the trend is more pronounced in tier-III regions, where 44% of individuals have opted for monthly payments, compared to 31% in tier-2 cities and only 23% in metros.

هذه القصة مأخوذة من طبعة February 07, 2024 من Mint Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة February 07, 2024 من Mint Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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