HDFC ERGO Health Insurance Premium Calculator

HDFC ERGO Health Insurance Premium Calculator

HDFC ERGO health insurance premium calculator is an online tool that calculates the estimated premium of an HDFC ERGO health insurance policy. It allows policyholders to know the approximate premium that they are supposed to pay for an HDFC ERGO health policy before buying. The premium is calculated based on the details provided to the calculator, such as the city of residence, current age and the sum insured.

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How to Calculate HDFC ERGO Health Insurance Premium?

The process of calculating the premium of an HDFC ERGO health insurance policy is very simple. Take a look at the step-by-step procedure to calculate HDFC ERGO health insurance premium below:

• Visit Policybazaar.com and go to the ‘Insurance Products’ tab at the top of the page
• Click on ‘Health Insurance Calculator’ under the ‘Health Insurance’ category
• Scroll down to the “Health Insurance Premium Calculator’ widget
• Enter the city where you live
• Select the people to be insured and enter their age
• Choose your preferred sum insured and click on ‘Calculate’

The premium for various HDFC ERGO health insurance plans will be displayed.

HDFC ERGO Health Insurance Premium Chart

HDFC ERGO health insurance premium chart consists of the premiums charged by the HDFC ERGO General Insurance Company. Every HDFC ERGO health policy has a premium chart containing premiums for different sum insured and relationship combinations. Policyholders can find the premium chart for an HDFC ERGO health insurance policy with its brochure, prospectus or policy documents.

Benefits of Using HDFC ERGO Health Insurance Premium Calculator

Here are the benefits of using an HDFC ERGO health insurance premium calculator:

• Make an Informed Decision – The calculator helps customers to check the premium of an HDFC ERGO health plan before buying. It enables them to choose an affordable policy that fits within their budget.
• Compares Premiums – Customers can check and compare the premiums for different HDFC ERGO health plans through the premium calculator so that they purchase the one that fulfills their health needs at the best price.
• Easier Process – Calculating the premium of an HDFC ERGO mediclaim policy through a premium calculator is much easier than doing it manually. Manual calculation of premiums can be cumbersome and may be inaccurate.
• Helps in Customization – The HDFC ERGO health insurance premium calculator checks the premium of a health plan if a cover is added or removed. This allows them to customize their policy as per their preference and budget.
• Saves Time – Estimating the premium of an HDFC ERGO health policy is much faster through a health insurance premium calculator, as manual calculations may take a lot of time.

How is HDFC ERGO Health Insurance Premium Determined?

Check out some of the factors that determine the premium of an HDFC ERGO health insurance plan:

1. Age of the Insured

The higher is the age of the person to be insured, the higher will be the HDFC ERGO health insurance premium. This is because the probability of developing a medical condition and raising a claim increases with age.

2. Medical History

People with an existing disease or medical condition attract a higher premium than those with no pre-existing diseases. This is because people with a medical history will lead to definite claims. Thus, they are a bigger liability for the insurance company.

3. Sum Insured

The premium of an HDFC ERGO health insurance policy is directly proportional to its sum insured. The higher the sum insured, the more will be the premium price. This happens because the insurer’s liability increases as the sum insured increases.

4. City of Residence

The city where the policyholder resides also determines the health insurance premium. Insurance companies charge a higher premium to people living in metropolitan cities than those living in smaller cities. This is because healthcare facilities are more expensive in metropolitan cities than in tier 2 and tier 3 cities.

5. Gender of the Insured

HDFC ERGO health insurance premiums are much lower for females than males. This is because females have a lower risk of heart attack, stroke, etc., and so are a smaller liability for the insurers than men.

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