*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
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If you have purchased a health insurance policy, there is a fixed amount of premium that you need to pay to your insurer every year. This amount is paid against the sum insured that you opt for, which is then utilized to pay for hospitalization expenses in case of an accident or a surgery or operation. Thus, you can compare several health plans using a health insurance premium calculator based on your requirement.
While choosing the right health plan there are several other factors that need to be considered. It also helps you to arrive at an estimated health insurance plan price that you can consider.
Using a health insurance premium calculator, you can find the best health insurance plan at an affordable price and get the policy issued in a short time period. Additionally, you need to know that the health insurance premium calculator takes into consideration several factors like your age, pre-existing diseases, and family history.
Key Features |
Highlights |
Network Hospitals |
3000+ |
Incurred Claim Ratio (2018-19) |
61% |
Renewability |
Lifelong |
Waiting Period |
3 years |
Policy Tenure Options |
1,2,3 years |
Restoration of Sum Insured |
Up to the base sum insured |
Grace Period |
30 days |
No-claim-Bonus |
In some plans the No-claim-bonus is 10% to 50% and in some plans, it ranges from 10% to 100% |
Daycare procedures |
Up to 200 |
Vaccination Charges |
In case of animal bite |
With the help of an online health insurance calculator, you can calculate your policy premium. Mediclaim premium calculator requires you to fill in your personal details, to determine your policy premium. Here is a step-by-step guide to help you to understand using a premium calculator online in a better way:
Step 1: Select the plan you want to buy from different health insurance plans like individual or family floater
Step 2: Provide your mobile number
Step 3: Select the number of members who need to be covered
Step 4: Click on the “get insurance quote” option to get the quotation
Royal Sundaram Health Insurance premium chart is given in the product brochures and even in policy wordings. These two are PDF documents that have a table of the premium against different parameters such as the age of the policyholder, coverage amount, and the duration of the policy i.e. 1/2/3 years.
Mentioned below are some of the reasons that will help you understand the need of a health insurance premium calculator:
With this calculator, you can calculate the premium of top health insurance plans. Premium calculation can be a tedious task due to several different parameters that are involved in it. But this can be easily done with a health insurance premium calculator.