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Srishti is a skilled content writer with 4+ years of experience in the insurance world. She simplifies tricky terms, explains policies clearly, and writes content that instantly connects with customers. Her skills make insurance easy to understand and truly helpful for everyone.
Srishti is a skilled content writer with 4+ years of experience in the insurance world. She simplifies tricky terms, explains policies clearly, and writes content that instantly connects with customers. Her skills make insurance easy to understand and truly helpful for everyone.
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Vivek Chaturvedi
Vivek comes with over 15 years of experience across different industries like FMCG, e-commerce and insurance. His expertise in the online space and consumer behaviour understanding is bringing new insights to Digit in making insurance simple.
“A goal without a plan is just a wish.”
And, when it comes to health insurance, knowing your premium upfront can turn that wish into a well-informed decision. For this purpose, a health insurance premium calculator is your tool for estimating costs based on age, coverage, and lifestyle.
With just a few clicks, it helps you understand what you’ll pay so you can budget better, compare policies, and choose the coverage that fits your needs without surprises.
With the advent of technology, most insurance companies have also shifted their operations online. They have subsequently introduced various useful online tools that make things significantly easier for policyholders!
The health insurance premium calculator is one such tool that allows you to calculate your insurance premium amount in a jiffy!
Since calculating the premium amount can be cumbersome, most people simply go with the amount suggested by their insurance providers. But with the help of an online health insurance calculator, the premium amount can be calculated in seconds just by entering a few details.
It allows you to save quite some time and resources. Frankly, it makes a cumbersome task a lot simpler.
Using a health insurance policy online before purchasing a policy provides you with numerous benefits. Here is a list of benefits that you can avail:
This health insurance calculator will give you an accurate estimate of your premium amount before you purchase your policy. It will help you plan your finances more effectively for the future.
The health insurance premium calculator allows you to adjust various parameters until you arrive at an affordable plan that easily suits your coverage requirements.
The medical insurance premium calculator displays all the add-on covers for a health insurance policy that can help you meet your financial necessities. It can thus help you calculate the premium payable if you avail of add-on coverage with your health insurance policy.
The premium calculator displays the health insurance policies from different insurance providers and allows you to compare between them. This makes the process of availing a suitable insurance policy much easier.
Health insurance calculators save you time by automating the premium calculation process. These calculators can also easily evaluate multiple plans, saving time and work compared to manually doing the math.
Calculating your premium payable by using an online insurance premium calculator is pretty simple!
You only need to follow a few steps, enter your details correctly and voila! You will have the premium payable for health insurance coverage. Take a look!
Yes, it is as simple as that!
No cost, no hassle – only a few minutes of your time and you will know the amount you will have to pay to purchase the health insurance plan!
Numerous factors are considered when determining the premium for health insurance, and these factors may change throughout insurance companies. Here are the basic requirements you must fill in for premium calculation:
Information Required |
Description |
Age & Pincode |
Your age is important because older people may have varying premium rates. Additionally, the PIN is considered, possibly because of regional variations in healthcare expenses. |
Number of People Covered |
The number of people covered by the policy is considered when calculating premiums for family health insurance. |
Type of Plan Selection |
Important considerations include the policy period (tenure) and the type of health insurance coverage you select (individual, family, etc.). |
Sum Insured |
The amount of coverage you desire, or the money insured, has a big impact on the rate. |
Medical History |
Your medical history is evaluated, including any critical illnesses or pre-existing conditions which ultimately influence the premium. |
Riders or Add-Ons |
Your policy's total premium will be influenced by any extra riders or coverage you add. |
PAN Card & Contact Details |
PAN details and contact details are required to verify the user and send the policy details. |
Factors Related to You
Factors Related to Plans
Additional Factors
Factors Related to You
Factors Related to the Plans That Affect Premiums in Health Insurance
Additional Factors That Affect Premiums in Health Insurance
Who wants to pay a higher premium? No one! Here are some ways you can reduce the cost of health insurance premiums:
Opting for deductibles and co-payment allows you to reduce the premium on your insurance policy. While deductibles and co-payment clauses require you to cover a portion of your treatment costs, they subsequently reduce the premium paid towards your insurance policy.
Be careful while choosing your add-on covers to ensure you are not paying more for your health insurance policy. Selecting the ones you don’t require will only lead you to incur more cost for your insurance coverage than necessary.
Purchasing your insurance policy through a broker will make your insurance policy more expensive. This is because you will be liable to pay the charges for their service, as well. You can purchase the insurance policy directly from your insurance provider to avoid this.
Opting for a family floater plan instead of individual plans, where two or more people are covered under one plan, allows you to reduce its premium cost.
Since opting for a high coverage amount means a higher premium payment, you can seek a policy with lower coverage. Further, to make sure that your financial liabilities for seeking treatment remains low, you can avail a top-up on your insurance plan, which will come into effect when the base-sum insured is exhausted.
One of the most effective ways to save on health insurance premiums is to opt for coverage at a younger age. Most insurance companies' premiums increase as a person ages since they are more prone to illnesses. Also, if you are purchasing the policy for your parents, make sure you do so before they turn 60, as the premium payment for health insurance for senior citizens is higher.
No claims in the Policy year? You get a bonus -an additional amount in your total sum insured for staying healthy & claim-free! This bonus, also known as the Cumulative Bonus, is a certain percentage of the Base Sum Insured for every claim-free year. As a result, your total sum insured increases. However, this bonus gets nullified if you fail to renew your insurance policy after it expires.
Suppose you live in a Zone B city, where treatment costs are much lower than in Zone A cities. The premium you pay for your health insurance policy to cover treatment costs in a Zone B city should, thus, also be less than that of the other two.
You can avail of tax benefits on your health insurance policy through provisions under Section 80D of the Income Tax Act, 1961. Following is a table illustrating the tax benefits that you can avail on your health insurance policy:
Eligibility |
Exemption Limit in Section 80D (INR) |
For self and family (spouse, dependent children) |
Up to ₹25,000 |
For self, family + parents (below 60 years of age) |
Up to (₹25,000 + ₹25,000) = ₹50,000 |
For self and family (where the eldest member is below 60 years of age) + parents (above 60 years) |
Up to (₹25,000 + ₹50,000) = ₹75,000 |
For self and family (eldest member is above 60 years of age) + parents (above 60 years of age) |
Up to (₹50,000 + ₹50,000) = ₹1,00,000 |
A health insurance premium calculator is a helpful tool that allows you to estimate the cost of your health insurance policy based on factors like age, medical history, coverage amount, and family size. With just a few clicks, you can customise your cover, balance your budget, and avoid surprises later. In a world where health is wealth, this tiny tool is your first step toward big protection. 🙂
Thus, if you are still wondering whether you should purchase a health insurance policy, stop! Purchase one today!
A deductible is a portion of the treatment costs that the policyholder must pay before insurance coverage kicks in.
A deductible is a portion of the treatment costs that the policyholder must pay before insurance coverage kicks in.
Yes, 18% GST is charged on health insurance premiums. This implies that 18% of the total amount you pay for your health insurance premium is GST, paid to the government as tax.
Yes, 18% GST is charged on health insurance premiums. This implies that 18% of the total amount you pay for your health insurance premium is GST, paid to the government as tax.
Yes, the premiums paid for health insurance policies vary from one insurance company to another. Every company has a different product and invests differently, which ultimately increases or decreases the cost.
Yes, the premiums paid for health insurance policies vary from one insurance company to another. Every company has a different product and invests differently, which ultimately increases or decreases the cost.
Yes, you can calculate your health insurance premium online. The final cost depicted by the calculator may vary from the actual amount, but you will get an approximate idea of the premiums paid.
Yes, you can calculate your health insurance premium online. The final cost depicted by the calculator may vary from the actual amount, but you will get an approximate idea of the premiums paid.
There are various benefits of using a health insurance premium calculator online. It includes: It gives you an approximate cost estimation of the premiums You can customise the plan as per the premiums It is a quick and efficient way of determining the cost of a premium It gives you an option to compare your plans in advance.
There are various benefits of using a health insurance premium calculator online. It includes:
Yes, the premium calculator asks about your health conditions such as your smoking & drinking habits, pre-existing conditions, medical history or genetic problems. Some insurance companies may ask you to undergo certain diagnostic tests before they provide you with coverage.
Yes, the premium calculator asks about your health conditions such as your smoking & drinking habits, pre-existing conditions, medical history or genetic problems. Some insurance companies may ask you to undergo certain diagnostic tests before they provide you with coverage.
Yes, you can get a refund for the premiums paid only for two reasons: If you accidentally paid your health insurance policy in advance, you will receive a reimbursement after connecting with your health insurance provider. Suppose you cancel your health insurance policy before it expires and have paid your premium in advance. In this situation, insurers frequently have a set proportion for reimbursements determined by how many days your insurance was in force.
Yes, you can get a refund for the premiums paid only for two reasons:
Yes, different insurers charge different premiums. The price of the premium generally depends on the type of policy you choose, the company’s underwriting standards, and your health. To get a low premium value with a lot of coverage, compare the policies before purchasing.
Yes, different insurers charge different premiums. The price of the premium generally depends on the type of policy you choose, the company’s underwriting standards, and your health. To get a low premium value with a lot of coverage, compare the policies before purchasing.
Yes, a family history of specific illnesses may affect the policy premium. Insurers consider family medical history since it may suggest a higher risk of future health problems, ultimately increasing the premium.
Yes, a family history of specific illnesses may affect the policy premium. Insurers consider family medical history since it may suggest a higher risk of future health problems, ultimately increasing the premium.
The price of using a health insurance premium calculator online is FREE of cost. The tool is built on the company’s website to assist consumers in estimating their premiums before acquiring a policy.
The price of using a health insurance premium calculator online is FREE of cost. The tool is built on the company’s website to assist consumers in estimating their premiums before acquiring a policy.
Yes, in order to determine which health insurance plan best suits your needs, you should evaluate the rates offered by different insurers. You can get assistance by speaking with insurance representatives or using online health insurance premium calculator.
Yes, in order to determine which health insurance plan best suits your needs, you should evaluate the rates offered by different insurers. You can get assistance by speaking with insurance representatives or using online health insurance premium calculator.
There is no correct answer to signify how much coverage you must have. It merely depends on your health condition, your income, the type of coverage you want and many other factors. It is recommended that your health insurance coverage must at least equal 50% of your yearly income.
There is no correct answer to signify how much coverage you must have. It merely depends on your health condition, your income, the type of coverage you want and many other factors. It is recommended that your health insurance coverage must at least equal 50% of your yearly income.
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Author: Team Digit
Last updated: 02-07-2025
CIN: L66010PN2016PLC167410, IRDAI Reg. No. 158.
Go Digit General Insurance Limited | Corporate Office Address: Atlantis, 95, 4th B Cross Road, Koramangala Industrial Layout, 5th Block, Bengaluru 560095 | Registered Office Address: 1 to 6 floors, Ananta One (AR One), Pride Hotel Lane, Narveer Tanaji Wadi, Shivaji Nagar, Pune-411005, Maharashtra | Trade logo of Go Digit General Insurance Ltd. displayed above belongs to Go Digit lnfoworks Services Private Limited and is provided and used by Go Digit General Insurance Ltd. under license.
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