"Why is it cheaper to buy insurance when you're sick?"

Delve into the premium mechanism...Why "the more you wait, the more you pay, the less you get"?

Many people think, "It's still healthy now, waiting for symptoms or getting older, and you can buy insurance." But in the reality of the insurance world, buying 100% healthy insurance is "the cheapest and most rewarding time of life." On the other hand, waiting for a sick start or a bad health sign before buying. Unless the price goes up, the money you pay may not cover your disease at all.

1.Premium structure: Calculated from "risk," not just "age"

Insurers do not calculate premiums from age alone, but use the risk rate assessment principle as the main factor, which divides physical condition and coverage into three key forms:

* Healthy Group (Low Risk): It is the most cost-effective group because it will pay a premium at a normal price, which is the cheapest price and has 100% complete coverage of common diseases, serious diseases and accidents.

* Group onset or onset of health history (high risk): The insurer will view the risk of claiming more than usual, causing a premium increase of about 10% to 50% + from the normal price in exchange for coverage.

* Chronic Sickness or Serious Disease Group (Very High Risk): This group, although willing to pay a higher allowance, usually has a condition to waive coverage in a preexisting disease or may refuse insurance coverage immediately.

2. Effects when buying insurance "when getting sick"

When you start a history of treatment, there are abnormal health tests (e.g. high pressure, high fat, with vesicles / lumps). What will follow immediately is:

* Exclusion: For example, if you start a back pain and find a pillow on your nerve before taking out insurance, the company will approve the insurance, but it will clearly write "Not all spinal symptoms are covered," which means you have to pay for all the treatment.

* Extra Premium: The company views your body as more vulnerable than the average person, so it has to charge an increase in premiums, for example, from the usual 20,000 baht per year, possibly up to 28,000 baht per year.

* Decline: If there is a serious disease or a chronic disease that requires consistent medication, the company may refuse any insurance.

3.Compare overview: buy fast vs buy slow

* Buy Healthy Episode: Pay the cheapest regular allowance, 100% coverage for all diseases, successfully passed the Waiting Period from the day of illness.

* Buy at the start of a sick history: Pay an expensive allowance (plus Extra Premium), be disqualified, do not protect preexisting diseases, risk rejection, or postpone warranty.

Summary

Health insurance is the only commodity we "need to buy when we don't need it," because on the day we start needing it (the day of getting sick), we can no longer buy it at normal prices or the best conditions.

Buying health insurance is not a disposable payment...But to "lock the cheapest allowance price" and "lock the most complete coverage" to yourself in the future.

"Why is it cheaper to buy insurance when you're sick?"

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