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Category: Health Insurance

Wellness or Fitness Discounts

Your Physical Fitness may get you discounts in your health insurance premium

Few health insurers offer wellness or fitness discounts on renewal premiums in their health insurance schemes. This benefit is provided either as a standard or an additional benefit in their health insurance plans.

How does it work?

You can accumulate wellness or fitness credits as defined by the Insurer’s scheme as mentioned in their policy. Your fitness activities are usually monitored by a wearable device linked to the insurer’s mobile application and credits are accumulated based on the schedule of fitness activities you undertake either on a weekly or a monthly basis.

Based on an established chart, the accumulated credits will attract discounts up to a maximum of 10%, offered by the Insurers when you pay your renewal premium next year.