Health Insurance Premium Calculator

Confused about choosing the right health insurance plan? Many individuals get overwhelmed when deciding on the plan that suits their medical and financial needs. Well, not anymore, because the health coverage calculator is there at your rescue!

A health insurance calculator makes choosing a health insurance plan easier than ever. It’s a free online tool that lets you estimate your premium based on factors such as age, gender, medical history, coverage, etc. The calculator makes it easier to find a plan that suits your budget and medical needs.

With IndusInd General Insurance, you can use our free calculator to easily estimate your premium and explore different options. It helps you compare and select a plan that meets your healthcare needs. It also allows you to make an informed decision so you can buy the best health insurance plan at the best price.

Want to know more about the working of medical insurance premium calculators at IndusInd?

What is a Health Insurance Premium Calculator?

A health insurance calculator is a free online tool that helps users estimate the premiums they need to pay for a specific health plan. You can quickly get an estimate of your health insurance plan by adding details such as your age, coverage amount, and any pre-existing diseases.

This tool eliminates the guesswork and provides a clear picture of how much you will need to spend to get a good health insurance coverage for yourself and your family.

How To Use A Health Insurance Premium Calculator?

Enter Your Details

Enter your PIN code, date of birth and the number of people to insure.

Choose Coverage

Then choose the sum insured for your health insurance policy

Premium Estimate

Click “Prices” to get a premium estimate on the basis of your input.

Finalise & Buy

After confirming, proceed to buy it or customise it further if needed.

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Details Required For a Mediclaim Policy Calculator

Age, Location, and Gender

You need to provide your age, gender, and location. These details help the insurer in calculating the premium accurately.

Sum Insured Amount

This is the total coverage amount that you choose for medical expenses. If the sum insured is higher, the premium will also be higher.

Policy Type and Duration

Select the policy type that is a family floater or an individual. Also, choose the duration of your policy. These details help in deciding the premium amount.

Number of Insured Individuals

Mention how many people will be covered under the policy. The more people there are, the higher the premium.

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Benefits of Using a Health Insurance Policy Calculator

Easy Financial Planning

Financial planning becomes much easier when you use a health insurance calculator. It helps you understand how much you need to pay for your health insurance policy. The mediclaim policy premium calculator gives you a clear estimate of the premiums you’ll be paying. This way, you can manage your finances more effectively by planning your budget.

Time Saving

The health insurance premium estimator saves you time by providing instant premium quotes online. This eliminates the need to consult agents or visit physical offices to get a quote. This convenience offered by health insurance premium calculators speeds up the decision-making process.

Better Coverage Options

The medical insurance calculator helps you adjust your add-on covers and sum insured to assess their impact on the premium. So that you can choose the ideal coverage as per your budget and medical needs.

Plan Comparison

You can compare our health insurance plans using our mediclaim policy calculator. It shows the differences in coverage, premium and benefits clearly. So you can select a plan that suits your requirements without any confusion.

Convenience

You can use a health insurance calculator at any time from anywhere using your phone or laptop. It offers instant results without any follow-ups or paperwork. This makes the whole process stress-free and convenient.

Factors That Determine Health Insurance Premiums

Your age plays a key role in deciding your health insurance premium. Older people are more prone to illnesses than younger people. That is why the premium for older individuals is higher. You can even check this by entering a higher age on our health plan calculator and checking how the premium differs.

Individuals with a record of illnesses like hypertension, diabetes, etc, need to pay higher premiums. On the contrary, healthy individuals pay lower health premiums, since they’re less likely to file frequent claims.

The type of medical insurance coverage that you pick while using the calculator also affects the premium calculation. The higher the sum insured, the higher the premium. But choosing a high sum insured helps you get better financial protection during a medical emergency. This also reduces the burden of heavy treatment costs.

The next factor that affects the health insurance premium is the duration of the policy. You will need to pay a higher premium if you choose a multi-year health insurance plan. However, this cost can be offset since we offer a discount for multi-year plans and buying a multi-year policy is more cost-effective in the long run.

The lifestyle habits also affect the premium. Individuals who avoid alcohol and tobacco while staying active generally pay lower premiums. This is because there are fewer chances of needing extensive medical care.

Tips To Reduce Health Insurance Premium

Maintain a Healthy Lifestyle

If you are healthy, your insurance company may offer you a discount during renewal. So, make sure to eat healthy and follow a consistent workout schedule.

Avoid Unnecessary Coverage

Evaluate your needs and pick a plan that suits you. If you are young and healthy, then you might not need coverage for certain conditions. Make sure to choose a plan that covers what’s needed.

Renew on Time

Always make sure to renew your policy on time. This prevents a lapse in coverage and ensures that you maintain a good track record. This, in turn, helps in lowering your health insurance premiums.

Opt for a Higher Deductible

Always choose a higher deductible, as it decreases the premium. But make sure to choose a deductible amount you can easily afford at the time of a medical emergency.

Purchase Early

Buying health insurance at a young age helps you get a lower premium from the beginning. Even though the premium may increase with time, the increase is lower than buying a policy later in life.

Buy a Multi-Year Policy

If you choose a multi-year policy, it also helps in lowering the health insurance premiums. The discounts are offered with a multi-year policy. They not only save money but also safeguard you from premium hikes during the policy term.

Why US

Why 8 Crore+ Policyholders Trust Us?

A health insurance plan covers for these unexpected medical expenses, ensuring you don't have to bear the financial burden. You can focus on getting the medical care you need without worrying about the cost. In simple terms, health insurance helps you to reduce or avoid a larger financial stress by paying a comparatively smaller premium.

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Key Takeaways

The health insurance rate calculator is an important tool to calculate the health insurance premium. You can estimate your health insurance premium even before buying an insurance plan. All that you need to do is enter your basic details, such as age, policy type, location, and sum insured, and you will get an idea of how much premium you need to pay.

In addition, our mediclaim premium calculator helps you compare plans and understand which one fits your coverage needs and budget. The calculator also helps you plan your finances more effectively because you already know the expected cost in advance. Our calculator saves time, reduces confusion, and helps in making the right decisions without involving agents.

Overall, our health insurance premium calculator makes choosing health insurance plans easier than ever!

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Health Insurance For Senior Citizens

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IndusInd General Insurance

Aapke Protection ka All-rounder

IndusInd General Insurance is one of the leading general insurance companies in India. The Company offers a well-rounded and comprehensive bouquet of products including Motor Insurance, Health Insurance, and Travel Insurance, and offers customised solutions to meet the protection needs of each customer.

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Stories shared by our happy customers!

Total Average Rating

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4.8 ★ ★ ★ ★ ★ (508)

Ritik

Noida

Value for money

Buying a Health policy through the platform ofReliance General Insurance (now IndusInd General Insurance) was straightforward and quick.

Srivathsav Parthasarathi

West Midnapore

4.5

Seamless digital experience

The journey of purchasing Health insurance from Reliance Insurance Company (now IndusInd Insurance Company) felt effortless and user-friendly. It met my requirements well and felt tailored to my needs. I am satisfied with the main policy and don't see a need for extras. I'm happy with how everything went and feel secure with my policy.

Sateesh Kumarkuchipudi

West Godavari

Quick policy issuance

I recently purchased my Health insurance from Reliance General Insurance (now IndusInd General Insurance) and found the experience very smooth. It met my requirements well and felt tailored to my needs. No additional coverage seemed required for my needs. Overall, it was a seamless experience and I am satisfied.

Vanga Naveen

West Godavari

Quick policy issuance

The journey of purchasing Health insurance from Reliance General Insurance (now IndusInd General Insurance) felt effortless and user-friendly. It aligns well with what I needed from an insurance policy. I am satisfied with the main policy and don't see a need for extras. The process felt reliable and I would recommend it to others.

Sirraatchuta Ram Babua

West Godavari

Quick policy issuance

Buying a Health policy through the platform ofReliance General Insurance (now IndusInd General Insurance) was straightforward and quick. It met my requirements well and felt tailored to my needs. No additional coverage seemed required for my needs. Overall, it was a seamless experience and I am satisfied.

Manoj Kumarmogha

New Delhi

Quick policy issuance

Buying a health policy through the platform was straightforward and quick. The coverage provided matches my expectations and feels comprehensive.

Vasantha

Wayanad

Value for money

I recently purchased my health insurance and found the experience to be smooth. I will provide dertailed feedback post my claim settlement process has been completed.

Jasmin K

Wayanad

Seamless digital experience

From start to finish, the process of getting my health insurance was convenient. The plan offered exactly the type of coverage I was expecting.

Nazeer Salma Abdulla

Wayanad

Quick policy issuance

I had a positive overall experience while applying for Health insurance. The coverage provided matches my expectations and feels comprehensive.

Sripal Reddymadhi Reddy

Warangal

Quick policy issuance

I had a positive overall experience while applying for health insurance with Reliance Insurance Company (now IndusInd Insurance Company) . The coverage provided matches my expectations and feels comprehensive. I did not feel the need for any other products at this time.

Veeraiah Kamatam

Wanaparthy

Quick policy issuance

Buying a Health policy through the platform of Reliance General Insurance (now IndusInd General Insurance) was straightforward and quick. The coverage provided matches my expectations and feels comprehensive. I am satisfied with the main policy and don't see a need for extras.

Sivaganesh Madamsetti

Visakhapatnam

Quick policy issuance

The journey of purchasing health insurance from Reliance Insurance Company (now IndusInd Insurance Company) felt effortless and user-friendly. It met my requirements well and felt tailored to my needs. I am satisfied with the main policy and don't see a need for extras.

Sudha Ranimadabattula

Visakhapatnam

Quick policy issuance

I recently purchased my health insurance and found the experience very smooth. The plan offered exactly the type of coverage I was expecting.

Yerususatya Prasad

Visakhapatnam

Quick policy issuance

The journey of purchasing Health insurance from Reliance General Insurance (now IndusInd General Insurance) felt effortless and user-friendly. The plan offered exactly the type of coverage I was expecting. The process felt reliable and I would recommend it to others.

Karu Rama Rao

Visakhapatnam

Quick policy issuance

The journey of purchasing health insurance felt effortless and user-friendly. The plan offered exactly the type of coverage I was expecting.

Ravi Teja Anem

Visakhapatnam

Quick policy issuance

I had a positive overall experience while applying for health insurance with Reliance (now IndusInd) . The plan offered exactly the type of coverage I was expecting. Currently, I don't think I require any additional plans or add-ons.

Bhimabattula Aruna Devi

Visakhapatnam

Quick policy issuance

I recently purchased my Health insurance from Reliance General Insurance (now IndusInd General Insurance) and found the experience very smooth. I felt that my protection needs were well addressed with this policy. I did not feel the need for any other products at this time.

Kantimahanti Balakrishna

Visakhapatnam

Quick policy issuance

I recently purchased my Health insurance from Reliance Insurance (now IndusInd Insurance) and found the experience very smooth. I felt that my protection needs were well addressed with this policy. Currently, I don't think I require any additional plans or add-ons.

Prasad Rao Rayavarapu

Visakhapatnam

Quick policy issuance

The journey of purchasing Health insurance from Reliance Insurance Company (now IndusInd Insurance Company) felt effortless and user-friendly. It aligns well with what I needed from an insurance policy. Currently, I don't think I require any additional plans or add-ons. I found the entire process trustworthy and efficient.

Ramachandran

Villupuram

Quick policy issuance

The journey of purchasing Health insurance from Reliance (now IndusInd) felt effortless and user-friendly. The plan offered exactly the type of coverage I was expecting. No complementary product was necessary for me at this stage. The process felt reliable and I would recommend it to others.

Sanjit Kumar Tiwari

Vaishali

Seamless digital experience

The journey of purchasing health insurance felt effortless and user-friendly. The coverage provided matches my expectations and feels comprehensive.

Vishanth K

Uttara Kannada

Quick policy issuance

From the start to the conclusion, the Reliance (now IndusInd) experience of acquiring my health insurance was straightforward. It aligned well with my requirements and felt personalized to my situation.

Akk Amma Anand Kumarsiddanavar

Uttara Kannada

Quick policy issuance

I recently purchased my health insurance from Reliance (now IndusInd) and found the experience very smooth. It met my requirements well and felt tailored to my needs. No complementary product was necessary for me at this stage.

N Amitha Ramesh

Tumakuru

Quick policy issuance

From start to finish, the process of getting my Health insurance was convenient. The plan offered exactly the type of coverage I was expecting. A printed copy of the policy papers would make the Reliance Insurance Company (now IndusInd Insurance Company) experience even better. I found the entire process trustworthy and efficient.

Ramakrishna Prasadvadala Setty

Trimulgherry

Quick policy issuance

From start to finish, the process of getting my health insurance was convenient. It aligns well with what I needed from an insurance policy. I did not feel the need for any other products at this time. The convenience and clarity made this a good Reliance Insurance (now IndusInd Insurance) experience.

Prasanna Lakshmi Kuruganti

Trimulgherry

Quick policy issuance

Buying a health policy through the platform of Reliance Insurance (now IndusInd Insurance) was straightforward and quick. The plan offered exactly the type of coverage I was expecting. No complementary product was necessary for me at this stage.

Indumathi Indumathi

Tiruvannamalai

Quick policy issuance

I recently purchased my health insurance from Reliance Insurance (now IndusInd Insurance) and found the experience very smooth. I felt that my protection needs were well addressed with this policy. No additional coverage seemed required for my needs.

Pandurangdah M

Tiruvallur

Quick policy issuance

From the very start to the finish, the procedure of getting my health insurance from Reliance General Insurance (now IndusInd General Insurance) was seamless. It addressed my requirements adequately and seemed tailored to fit my needs

C Jaikanth

Tiruvallur

Quick policy issuance

The journey of purchasing Health insurance from Reliance Insurance Company (now IndusInd Insurance Company) felt effortless and user-friendly. The coverage provided matches my expectations and feels comprehensive. It would be helpful if a physical copy of the policy could also be provided. I'm happy with how everything went and feel secure with my policy.

Ramesh L

Tiruvallur

Quick policy issuance

The journey of purchasing health insurance from Reliance Insurance (now IndusInd Insurance) felt effortless and user-friendly. I felt that my protection needs were well addressed with this policy. No complementary product was necessary for me at this stage.

Nirmala Chell Appa

Tirunelveli

Quick policy issuance

The journey of purchasing Health insurance felt effortless and user-friendly. The coverage provided matches my expectations and feels comprehensive. No complementary product was necessary for me at this stage. Overall, it was a seamless Reliance Insurance Company (now IndusInd Insurance Company) experience and I am satisfied.

Ganesan Aarathi

Tiruchirappalli

Quick policy issuance

From start to finish, the process of getting my health insurance from Reliance (now IndusInd) was convenient. I felt that my protection needs were well addressed with this policy.

Saji Chandran

Thrissur

Quick policy issuance

Buying a Health policy through the platform of Reliance Insurance (now IndusInd Insurance) was straightforward and quick. It aligns well with what I needed from an insurance policy. I did not feel the need for any other products at this time.

Grace Mathew

Thrissur

4.5

Seamless digital experience

I had a positive overall experience while applying for Health insurance. It aligns well with what I needed from an insurance policy.

Anoop T M

Thrissur

Quick policy issuance

I had a positive overall experience while applying for Health insurance from Reliance General Insurance (now IndusInd General Insurance). The coverage provided matches my expectations and feels comprehensive. Overall, it was a seamless experience and I am satisfied.

Kencysam Sr Kency Samsr

Thiruvananthapuram

Quick policy issuance

From beginning to end, obtaining my health insurance was a smooth Reliance (now IndusInd) experience. It aligned perfectly with my needs and seemed customized just for me.I am satisfied with the main policy and don't see a need for extras. I found the entire process trustworthy and efficient.

Wafa Mol R N

Thiruvananthapuram

Quick policy issuance

I liked how the platform offered clear comparisons. It helped me understand the differences and choose confidently.

Vinoth R

Thanjavur

Quick policy issuance

From the very beginning to the very end, the process of obtaining my health insurance from Reliance General Insurance (now IndusInd General Insurance) was easy and efficient. It met my needs thoroughly and felt specifically designed for me.

Sampada Vijay Jagdale

Thane

Quick policy issuance

From start to finish, the process of getting my Health insurance from Reliance Insurance Company (now IndusInd Insurance Company) was convenient. The plan offered exactly the type of coverage I was expecting. I am satisfied with the main policy and don't see a need for extras. I found the entire process trustworthy and efficient.

Geetanjali Ganpat Namaye

Thane

Quick policy issuance

The health insurance experience was smooth and reassuring. I felt like I was making an informed choice without pressure.

Bibinagar Sureshchary

Telangana

Quick policy issuance

From the initial stage to the final step, the procedure of securing my health insurance from Reliance Insurance (now IndusInd Insurance) was straightforward. It fulfilled my expectations admirably and felt personalized to suit my needs.

Pawan Kumar

Tarn Taran

Quick policy issuance

Buying health insurance was a pleasant surprise. The platform was easy to use, and the policy I selected felt well-suited to my needs.

Modugusatish Reddy

Suryapet

Quick policy issuance

I have just secured my health insurance and realized that the entire Reliance Insurance Company (now IndusInd Insurance Company) experience was extremely efficient. It fits my insurance policy needs perfectly.

Kanakai Ahgudipati

Suryapet

Quick policy issuance

I had a smooth experience buying health insurance. The platform guided me through each step, and the coverage felt comprehensive.

Hiralsagar Bhaisardhara

Surat

Quick policy issuance

The journey of purchasing health insurance from Reliance General Insurance (now IndusInd General Insurance) felt effortless and user-friendly. The coverage provided matches my expectations and feels comprehensive. Currently, I don't think I require any additional plans or add-ons.

Amit Bhaidurlabh Bhai Rajpara

Surat

Quick policy issuance

I recently purchased my health insurance from Reliance Insurance Company (now IndusInd Insurance Company) and found the experience very smooth. The coverage provided matches my expectations and feels comprehensive. No additional coverage seemed required for my needs.

Ankur Kotnala

Surat

Quick policy issuance

I had a positive overall experience while applying for Health insurance from Reliance (now IndusInd) . It aligns well with what I needed from an insurance policy. No additional coverage seemed required for my needs.

Anil Kumar Ram Sringarsaroj

Sultanpur

Quick policy issuance

The journey of purchasing health insurance felt effortless and user-friendly. It met my requirements well and felt tailored to my needs.

Marxia Tamil Selvan

Sivaganga

Quick policy issuance

The health insurance process was straightforward and reliable. I felt confident in the coverage and appreciated the overall flow.

Prasad Nangunoori

Siddipet

Quick policy issuance

Buying a health policy through the platform of Reliance General Insurance (now IndusInd General Insurance) was straightforward and quick. I felt that my protection needs were well addressed with this policy. I found the entire process trustworthy and efficient.

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Frequently Asked Questions (FAQs)

Is there any effect of smoking on health insurance premiums?

Yes, smoking increases health insurance premiums because of associated health risks. Smokers are generally at higher risk for health issues. This increases the health insurance premium as well.

Are health insurance premiums refundable?

Health insurance premiums are generally non-refundable once the policy's tenure begins. However, most health insurance plans come with a free look period of around 15-30 days after the tenure begins. You can cancel your policy and claim a full refund during this time. If you wish to cancel and receive a refund, you must review the insurance policy terms before proceeding.

Are health insurance premiums tax-deductible?

Yes, as per the Income Tax Act, you can claim deductions on your health insurance premiums. Section 80D allows you to claim deductions up to ₹25,000 for the premiums you pay for a health insurance plan that covers yourself, your spouse, and your children. Moreover, if your parents are above 60 years, then you can claim a deduction up to ₹50,000.

Do medical insurance premiums increase every year?

The health insurance premiums generally rise by around 8% to 10% each year. However, the rate of rise can differ based on factors such as your age. Insurers take all relevant factors into account when calculating health insurance premiums.

How accurate are health insurance plan calculators?

They’re quite accurate since a health care insurance calculator uses all information about you, your family, your health, and lifestyle habits to provide you with a close estimate of the premium value.