New Delhi, Feb. 19 -- Health insurance is essential for financial security in times of medical emergencies. However, rising premium costs can be a burden. Fortunately, there are smart ways to lower your health insurance premium without compromising on coverage. By making informed choices, you can ensure affordability while still getting the protection you need. Here are some practical strategies to help you reduce your health insurance premium.

A deductible is the amount you pay before your insurance starts covering expenses. Opting for a higher deductible can significantly lower your premium. However, ensure you have sufficient savings to cover the deductible in case of a medical emergency. This strategy works best for those who are gen...