Why Health Insurance Premium Is Gender Based

Health care costs have risen considerably during the past few years. It has gone beyond the reach of common man thus making more sense to buy health insurance policies. Health insurance is an agreement between two parties i.e. insured and insurer under which insurer agrees to pay for medical treatment in case of any health issue for a fixed sum which is paid by insured to the insurer. Health insurance policies are provided by almost every insurance company and it can be bought through various methods. It can be bought through traditional channels through agents else it can be bought online via the internet.

Read More

Policybazaar exclusive benefits
  • 30 minutes claim support*(In 120+ cities)
  • Relationship manager For every customer
  • 24*7 claims assistance In 30 mins. guaranteed*
  • Instant policy issuance No medical tests*

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

*Tax benefit is subject to changes in tax laws. Standard T&C Apply

Back
Find affordable plans with up to 25% Discount**
  • 1
  • 2
  • 3
  • 4

Who would you like to insure?

  • Previous step
    Continue
    By clicking on “Continue”, you agree to our Privacy Policy and Terms of use
    Previous step
    Continue

      Popular Cities

      Previous step
      Continue
      Previous step
      Continue

      Do you have an existing illness or medical history?

      This helps us find plans that cover your condition and avoid claim rejection

      Get updates on WhatsApp

      Previous step

      When did you recover from Covid-19?

      Some plans are available only after a certain time

      Previous step
      Advantages of
      entering a valid number
      valid-mobile-number
      You save time, money and effort,
      Our experts will help you choose the right plan in less than 20 minutes & save you upto 80% on your premium

      The difference in Health Insurance Premium

      Health insurance is offered to cater to every class and is available in different variants such as individual health insurance, family floater health insurance, senior citizen health insurance and critical illness health insurance plans. Health insurance policies in India are very complex in nature and it is very important for an individual to understand the terms and conditions of the policy.

       
      You may also like to Read: 80D Tax Deduction

      Understanding the policy terms and conditions enables you to know how to make an insurance claim with the company as you will be knowing about diseases covered and their extent of coverage. Health insurance premiums typically provide coverage for pre and post hospitalization expenses along with expenses for in-patient treatment.

      The health insurance premium for an individual also depends upon the extent of coverage of the policy. A comprehensive health insurance policy will cost you more than an insurance policy designed to cater to specific requirements like the pre-existing cover or critical illness cover.

      While calculating health insurance premium, health insurance providers consider a lot of factors such as applicant’s age, the city you live in and new development while calculating health insurance premium is gender-based pricing. Many companies have initiated to launch health insurance policies with pricing based on the sex of the individual. Many insurance providers are offering women based health insurance policies in India and health insurance premium for women is less as compared to the policies for the men.

      This is due to the fact that women are less prone to suffering an illness in our country as compared to men. Several companies have women-specific critical insurance policies as their offering and these plans cover illnesses specific to women like breast cancer, cervical cancer, fallopian tube cancer etc. which is in addition to the standalone critical illness plan.

      book-home-visit
      Search
      Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.

      Health insurance articles

      Recent Articles
      Popular Articles
      Father’s Day 2024: Gift Your Father Health Insurance This Year

      14 Jun 2024

      Father’s Day is celebrated every year on the third Sunday of
      Read more
      Does SBI Health Insurance Cover Dental Treatments?

      05 Jun 2024

      SBI General Insurance Company provides comprehensive coverage
      Read more
      Does ICICI Lombard Health Insurance Cover Dental Treatments?

      05 Jun 2024

      ICICI Lombard General Insurance Company offers various health
      Read more
      Does Reliance Health Insurance Cover Dental Treatments?

      04 Jun 2024

      Dental insurance is crucial in safeguarding oral health as it pays
      Read more
      Does HDFC ERGO Health Insurance Cover Dental Treatments?

      22 May 2024

      HDFC ERGO General Insurance Company offers various health
      Read more
      How to Apply for Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (PM-JAY)?
      Ayushman Bharat Yojana is a flagship health insurance scheme launched by the Government of India to offer universal
      Read more
      Best Health Insurance Plans for Senior Citizens
      Senior citizens are the most prone to diseases. Considering the medical inflation in India, buying health insurance
      Read more
      10 New IRDAI Health Insurance Guidelines in 2024
      Health insurance penetration in India is far lower than it should be. A significant chunk of the Indian population
      Read more
      10 Major Benefits of Ayushman Bharat Yojana
      Pradhan Mantri Jan Arogya Yojana (PM-JAY) is the second component under Ayushman Bharat Scheme. PM Narendra Modi
      Read more
      Does Health Insurance Provide Coverage for LASIK Eye Surgery?
      A vast majority of the Indian population is suffering from vision problems. For some of them, LASIK eye surgery is
      Read more

      top
      Close
      Download the Policybazaar app
      to manage all your insurance needs.
      INSTALL