Save tax up to ₹75,000~ u/s 80D
Save tax up to ₹75,000~ u/s 80D
A health insurance premium calculator is a vital tool to calculate your policy premium. Check out this guide to learn more about this tool so that you don’t need to chase an insurance agent for the quote.
Reasons to Choose Care Health Insurance?
A mediclaim premium calculator is a user-friendly online tool to assess the cost of your medical policy. A health insurance premium calculator can help you understand the different factors that affect the policy premium and enables you to compare multiple policies.The calculator simplifies complex policy calculations and improves your policy-buying decisions.
A health insurance premium is the set amount a policyholder pays monthly, quarterly, or annually to the insurance service provider to keep the policy active. The payment confirms financial safety in medical crises and offers coverage for treatments, hospitalisation, surgeries, and other healthcare costs. The policy's premium depends on age, health condition, coverage amount, and policy type.
Hence, calculating a mediclaim premium helps you compare the cost of different health plans by customising the number of insured members, healthcare benefits, policy’s sum insured and tenure. What’s best is that a Mediclaim premium calculator helps you get a close to accurate premium cost from the comfort of your place without scheduling any agent visits or calls.
You can choose from our comprehensive health insurance plans by calculating the premiums and comparing as per your requirements. Some of our best-selling health insurance include:
A Safety Net that Protects You Against Medical Emergencies
Health Insurance for listed pre-existing diseases
Ideal for families looking for capless coverage
Here is how you can use a health insurance premium calculator:
While an insurance premium is an investment, prior calculation of the premium amount adds to your financial planning. Besides being quick and convenient, a health insurance premium calculator offers the following benefits:
It helps save time by instantly providing premium estimates without needing consultations. Calculating your Mediclaim policy’s premium helps you estimate the Mediclaim cost from anywhere, any time, reducing third party intervention.
The tool ensures proper calculation of an exact premium amount depending on your chosen coverage and personal particulars.The health insurance premium calculator is a reliable tool that accurately evaluates all the policy factors to provide error-free premium rates.
No need to read through several lengthy policy brochures when you can easily compare various insurance policies with an online Mediclaim calculator. The policyholder can compare numerous plans from the same insurance service provider or other insurers, assisting them in picking the most reasonable and suitable policy.
The calculator breaks down the factors and terms in an easy-to-understand language, so that you don’t require much assistance while calculating the premium.
You can customize the health plan by switching policy benefits, insured members’ details, and add-on benefits to calculate your insurance premium.
Let’s understand the comparison of different health insurance premium amounts with an example. Given below is a quick table to explain how the Mediclaim premium rates vary for our individual and family floater plans, considering different age groups of the insured people.
| Age (in years) | Premium for Individual Health Plan | Premium for Family Floater Plan (Self, Spouse, and 1 Child) |
|---|---|---|
| 30 | Rs. 6,620 | Rs. 12,332 |
| 40 | Rs. 7,200 | Rs. 14,110 |
| 50 | Rs. 12,792 | Rs. 22,221 |
Suppose the sum insured is Rs 5 lakh for a policy term of 1 year. The premium includes 18% GST.
*The premium rates displayed are for policies without add-on covers. It is assumed that the insured persons do not have pre-existing conditions.
Considering the above table, you can expedite your policy-buying decision by choosing the best health cover. Separate individual policies for your family members will hold a higher premium than a family floater policy. You can use a mediclaim premium calculator to estimate the costs based on coverage requirements and specific details.
>> Check Here: Health insurance for Parents
|
General Contact Information |
Your mobile number, name, pin code, and email address |
|
Information about Members to be Insured |
The number of members to be insured, along with their age and gender |
|
Eldest Member’s Information |
The eldest member’s age and their pre-existing health condition, if any. |
|
Policy Benefits |
Sum Insured, policy tenure, and add-on benefits you need under the policy. |
Calculating Mediclaim policy premium has become all the more convenient with Care Insurance’s health insurance premium calculator. We require minimal information to process an estimate of your premium amount. For a more tailored estimate, the medical insurance premium calculator can take into account specific variables like age, medical history, and the sum insured, providing a more accurate projection of your costs. We assure utmost security for your personal information and maintain confidentiality. Below are the details pre-requisite to calculate Mediclaim premium:
Apart from the above information, you can check the payment and EMI options available with your policy. The final premium amount might be slightly variable subject to the underwriter’s discretion and policy details.
If you intend to know how health insurers calculate the premium, you should get familiar yourself with the primary factors influencing the insurance pay-out. These factors include the policy coverage and details of insured members, among other parameters,as mentioned below:
A person with pre-existing conditions, like hypertension or diabetes, is likely to bear a higher policy premium than that for a healthier individual. This cost is due to the higher risk linked to managing existing health conditions in the context of health insurance premium calculations.
An unhealthy BMI puts you at a risk of various health ailments like, health diseases, diabetes, etc.High BMI leads to a higher insurance premium rate.
A family history of chronic diseases increases the risk of hereditary diseases among insured members, thus increasing the medical insurance cost.
As the mortality rate increases, so does the insurers' chance to pay for specific covers and diseases. Children and older people come under the higher mortality rate umbrella. A health insurance premium calculator can provide insights into how these demographic factors can influence your premium.
The insurance plan you choose is a crucial factor in the calculation of insurance premium. A family floater plan will have a much lower premium than an individual plan.
Old age and unhealthy lifestyle habits like smoking, drinking, or tobacco consumption results in several health risks and thus a higher premium amount.
The underwriter analyzes your risk profile and medical records to determine how much coverage you should be offered and at what premium cost.
The more benefits you include under your health plan, the higher insurance premium you pay. You can add optional benefits like OPD, NCB waiver, etc.
Considering the below-listed factors, you can lower down the burden on your wallet while availing insurance benefits. Here you go:
Opt for Family Floater Plan: With our family floater plan, we cover multiple family members under a single policy; thus, the premium decreases. However, the sum insured will be shared among members. You can use the medical insurance calculator to understand how a family floater plan can reduce your medical insurance premium while providing comprehensive coverage.
The Care Health Insurance premium calculator helps you choose a policy quickly and efficiently. Here is how Care Health Insurance premium calculator can benefit you:
Care Health Insurance premium calculator is easily adaptable and detailed. This tool guarantees you make a well-informed decision without paying extra for your health insurance policy. Here are the steps you need to follow:
Health Insurance is a shield that protects you and your loved ones in cases of medical emergencies.
An affordable health insurance plan ensures that a financial crisis is not an issue during a medical emergency.
With the skyrocketing cost of healthcare in the country, opting for a good health Insurance Plan is a wise decision for the safety of the individual and family as a whole.
Look for hospitals around you
A health or medical insurance premium is an amount one pays to the insurer periodically to avail of policy benefits and cover the risks. The periodicity of the premium pay-out could be monthly, quarterly, or yearly. The premium amount can differ for individuals and families, majorly depending on the age and lifestyle of the insured members.
Yes, when buying a health policy, a GST of 18% is calculated in the sum of the total insurance premium. For example, the premium amount for a policy of Rs 5 lakhs is Rs 12,000. The policyholder will pay this amount along with the GST charges of Rs 2,160. Thus, the total amount to be paid will be Rs 14,160.
Yes, the premium cost for health policies varies from one insurance provider to another. Every insurance company has its guidelines and follows a certain medical underwriting process combined with a distinct medical insurance premium calculator.
The best health insurance plan is one that offers adequate coverage amount. Accordingly, a 1 crore health insurance plan is suitable for the medical expenditure given the high inflation.
To get quotes for medical insurance policies offered by Care Health Insurance, visit our official website, where you will find various policies to choose from. Go to the 'Get Quote' section and provide relevant details, as requested and use the digital mediclaim policy calculator.
To calculate the premium for parent’s insurance, access a premium calculator on our website. Enter the details about your parents, including their age, medical history, and the number of members covered and click to calculate the amount. If you opt for senior citizen medical insurance, customize the number of people you wish to insure along with their age and gender.
You can use our family health policy’s premium calculator to know the insurance amount of your family plan. Use the tool and enter the number of insured persons, their age, and other details. It will give you an estimate of the amount you must pay to the insurer to avail of the benefits under your family health policy.
You can compare premium amounts by getting quotations for different health policies with our health insurance policy calculator. If you opt for a family health cover, then using a calculator will give you an idea about the amount payable. You can create a insurance premium chart to analyze the health policies and the premium for making an informed decision.
~Tax benefit is subject to changes in tax laws. Standard T&C Apply
**Number of Claims Settled as of 31st March 2024
^^Number of Cashless Healthcare Providers till Feb 2025
^10% discount is applicable for a 3-year policy
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