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Using a health insurance premium calculator you can compare different health insurance plans from a wide number of reputed top insurance companies. With the help of this useful tool, you can easily calculate the premium for health insurance. It allows you to select the best medi-claim policy at an affordable price. You can get the insurance premium issued instantly. This is the best and the easiest way to find the best health insurance policy for yourself.
Health insurance premium calculator functions based on several factors. Some of the insurance companies also have their factors to include. This is why the list of factors may differ from company to company. Using a health insurance calculator you can even calculate family health insurance premium without any hassles.
Health Insurance Premium Calculator can be used by following just a few simple steps. Provide your and your family details to get the best health insurance online in just a few minutes.
Now Click on the Calculate Premium button to get the results. Based on the provided details, the calculator will give you the approximate premium payable
>> Also Read: Common Mistakes to avoid while buying health insurance
One of the biggest reasons why a lot of young people do not insure their Health in the early years is because they always feel it would be expensive. However that is not true and with so many health insurance players in the market today, there is a wide range of solutions available at different price brackets. So before buying your next phone, planning your car, etc. it is imperative that one explores the market and finds a Health Insurance that suits their pocket.
Health Insurance premium is the amount one pays to their Health Insurer on a periodic basis on availing coverage under one of the plans offered by them. The periodicity of this payout could be monthly, quarterly or yearly. This amount largely depends on the age of the Insured. Usually Health Insurance premium increases with age. Apart from this, the number of people covered in a single policy is also a contributing factor.
Apart from this, the choice of plan, sum insured option and other benefits also contribute to the premium of health insurance. There are plans that offer cashless hospitalization across the Globe which might make them a bit expensive than plans that restrict coverage to only India.
Another aspect that governs premiums is the scope of coverage and add-on covers opted. These covers help in enhancing one's coverage but come at an extra cost. Add-On Covers could be for OPD Expenses or increasing No-Claim Bonus etc.
When trying to calculate the health insurance premium for your family, you can make use of the health insurance premium calculator. There will be certain factors you will have to select based on your family and insurance needs. Insurance companies have different calculators with different factors.
With the Religare's health insurance premium calculator, you can begin by selecting how many people are there in your family and how many of these are children if any. You then have to specify the age of the oldest member of your family is. If you have a parent that you want to include in your health insurance plan, this is the perfect opportunity to do so. You then have to decide the amount you want to be insured for. This is the upper limit of health-related bills and payments that your insurance will cover.
For example, if you pick 5 lakh as the insurance sum, your medical bills of up to 5 lakh will be covered by the insurance company. Based on the plan, you might also be asked for the period the plan applies after which it will have to be renewed.
Religare Health Insurance offers several types of health insurance plans with a different scope of coverage for each. The health insurance premium calculator varies for each of these different plans. Once you decide which of the plans and its scope of coverage suits you and your family, you can pick the corresponding calculator and fill in the details of your family and insurance limit.
The health insurance premium calculator will automatically calculate the premium you will have to pay in order to enjoy the coverage. You can make as many changes to the various factors as you like such as adding or removing family members from a particular plan.
An important note here is that the number the health insurance premium calculator provides is an estimate of the premium you will have to pay. After you meet with executives from the insurance company, certain other factors might be included in your health insurance premium such as existing health problems or family history. However, this variation will not be too high, and with the calculator's help, you will have a pretty good idea of how much you will have to pay in order to enjoy health insurance coverage benefits.
Insurance companies use a complex method of risk assessment to determine your health insurance premium. Your medical history, family history, and the information in your application comprise of your risk profile. This information is compared to the company's benchmarks in order to generate a health insurance premium for your family health insurance plan.
Though different companies have different benchmarks and value assessment, there are certain factors that all companies pay particular attention to while calculating health insurance premiums.
There are a lot of ways in which one could lower the premium that they pay. Health Insurance companies often give a discount if one chooses a longer policy duration. For example - Religare Health Insurance offers a 10% discount on choosing tenure of 3 Years and 7.5% on a 2-year policy tenure.
Furthermore, companies allow individuals to choose if they can pay a small amount of sum at the time of claim from their own pocket. By doing this they can get a discount on their premium. This option is called the deductibles.
Apart from this Health Insurance companies offer EMI option thus making health insurance very affordable.
I would like to thank you for your great support during fast claim processing. Thanks a lot for the great support.
24 Jan 2019
Pleased with the service I have received from Religare for the claims settlement. Your professionalism and ability to get to the bottom of the situation quickly exceeded my expectations. Great thanks once again for the services provided. Appreciate all the help and co-operation.
13 Mar 2018