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A health insurance plan is indispensable for your financial security to tackle the challenges of increasing medical inflation rate and health issues, especially in the current scenario. An ideal health policy helps you avail of high medical coverage and various benefits. Thorough research and consideration of your medical needs and other factors can help you zero-in on the best medical insurance. Further, it is essential to calculate health insurance premium and compare different quotes. It is a crucial step in your journey to finding an affordable policy for you & your family.
Thankfully, technology has minimised manual efforts. You can now use the online space to get a health insurance policy while also calculating the cost of your health cover! A medical insurance premium calculator is a digital tool that makes complex calculations simpler and replaces the traditional way of computing premium costs. This way, you need not ask your insurer and instead get an initial idea of the estimated premium in a few minutes!
CHI has an online health insurance premium calculator where you can estimate your premium cost for free. The calculation depends on several factors, such as your age, number of insured persons, pre-existing conditions, family medical history, amount of coverage, etc.
The health insurance premium is the amount one pays to the health insurer periodically to avail of the policy benefits. The periodicity of this pay-out could be monthly, quarterly, or yearly. The premium amount largely depends on the age of the insured. It usually increases with age. Apart from this, the number of people covered in a single policy is also a contributing factor.
The choice of plan and the sum insured are vital factors that impact the health insurance premium amount. Besides, a health insurance company considers factors, such as lifestyle, health conditions, family history, and other details provided by the insured person while deciding the premium amount.
Knowing the health insurance premium amount in advance will be half the battle won. You just need to put your details and get it in just a single click. Your life becomes easy, and you can choose the policy that suits your health and pocket.
Selecting a health cover for your family, with a health insurance premium calculator enabling you to compare various options, becomes simplified and saves your crucial time so that there is no delay in securing your loved ones' health.
When looking for medical insurance plans in India, an online health insurance premium calculator is a great help. It is quick and convenient. Moreover, the right calculations will give you the grounds based on which you can plan your budget. Also, as there are no hefty manual calculations are required, you can calculate the premium, put the required details on the website, and make a hassle-free decision.
With this facility of online calculation of your health insurance cost, you can create your health insurance premium chart. Thus, it will ease the process of buying a health cover.
The health insurance premium calculator will automatically calculate the amount you will have to pay to be eligible for the coverage. You will see the premium and key benefits in your base health insurance cover. The page will also display options to select additional covers to boost the health cover and the applicable total premium cost.
Customise your policy with ease! In a matter of a few minutes, you get a precise idea about how much you need to spend on your health insurance policy. Moreover, you can alter the various factors you prefer, such as adding or removing family members from a particular plan. The premium amount will accordingly change.
The total amount that a health insurance or mediclaim premium calculator provides is just a precise estimate of the cost you will have to pay. There may be a slight variation in the premium cost after tele-underwriting review of your current health condition. Other factors, such as existing health problems or family history, might be included. However, this variation will not be too high, and with the help of the health insurance premium calculator, you will have a reasonably good idea of how much you will have to pay to enjoy health coverage benefits.
|Age (in years)||Premium for Individual Health Insurance||Premium for Family Health Insurance (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|
*The premium rates displayed are for policies without add-on covers. The insured persons do not have pre-existing conditions
Considering the above table, you can make a suitable decision to opt for the best health insurance cover. Separate individual policies for your family will be more expensive due to a higher premium than a family floater policy. However, individual policies are recommended if you have senior citizens or someone with a medical condition. In the case of young family members, it is wise to invest in family health insurance plans as the premium is affordable.
>> Check: Health insurance for Parents
Access the health insurance calculator online and get the advantage of knowing your premium cost and much more than just that!
Here is a list of benefits you get using this digital tool to calculate mediclaim or health insurance premium amount.
Health Insurance is a shield that protects you and your loved ones in cases of medical emergencies.
A affordable health insurance plan makes sure that 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 smart decision for the safety of the individual and family as a whole.
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In health insurance, deductible refers to a pre-decided amount that the insured person has to pay before getting coverage under a policy. The insurer would pay the claim when the amount exceeds the deductible. If the medical expenses incurred are lower than the deductible, the policyholders will have to bear the cost from their pockets. The premium is lower if a policy has a high deductible. Similarly, for health policy with a low deductible, the price is likely to be higher. The health insurance premium calculator will help you find out the amount payable. The deductible is a crucial feature in super top-up plans. You can now know the cost of super top up health insurance using premium calculator tools.
Yes. When buying a health insurance policy, you have to pay the health insurance premium and GST charges at a rate of 18%. For example, the premium amount for a policy of Rs 5 lakhs is Rs 12,000. Then, 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 the medical underwriting process for calculating the premium.
Several factors affect the medical insurance premium rates. Some of them include family medical history, age of the insured person(s), lifestyle, health risks, type of policy, amount of coverage, etc. Besides, an insurer will adhere to the underwriting process and consider a range of factors involving location, political stability of the region, lifestyle in a city, etc.
To get quotes for medical insurance policies offered by Care Health Insurance, visit our official website, where you would find various policies as per your requirements. Go to the ‘Get Quote’ section and provide relevant details, as requested.
To calculate health insurance premium for parents, access a premium calculator online. You must provide correct details regarding your parents’ age, medical history, and the number of members covered and click to calculate the amount. If you opt for senior citizen health insurance, use premium calculator tools online to find the cost and customise the policy for your parents.
You can use the Family Health Insurance Premium Calculator to know the premium cost of your family medical insurance plan. Use the tool and enter the number of insured persons, age, and other details as required. It will give you an estimate of the amount you must pay to the insurer for availing of the benefits under your family health policy.
If you opt for a family health cover, then using a premium calculator will give you an idea about the amount payable. The web-based tool will help you compare various policies and choose the right plan suitable for your family. You can create a health insurance premium chart to analyse the health policies and the premium for making an informed decision. Carefully assess the policy features for selecting an affordable health cover.