Health Insurance Premium Calculator
Estimate your health insurance premium based on age, lifestyle, policy type, and sum insured. This helps you plan medical coverage and expenses effectively.
Smoker
Pre-existing Diseases
How Insurance Premium Is Calculated?
Health insurance premiums are influenced by medical risk factors, coverage amount, and policy structure.
- Base premium is calculated as a percentage of sum insured.
- Age increases medical risk and affects premium.
- Smoking and pre-existing diseases increase premium.
- Family policies cost more than individual policies.
- Final premium is adjusted using all risk factors.
FAQ
Is this premium exact?
No. This is an estimate. Actual premiums depend on insurer rules.
Why does age increase premium?
Higher age increases health risks and claim probability.
Does smoking affect premium?
Yes. Smoking significantly increases health risks.
What is a family floater?
A single policy covering multiple family members.
Is this calculator suitable for planning?
Yes. It helps compare and plan insurance budgets.