Health Insurance Calculator

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Health Insurance Calculator

Health insurance is basically a policy that pays for your medical expenses. If you own a health insurance you have to pay some amount of premium every year to an insurance company and if you have met an accident or need to undergo an operation or a surgery, the insurance company will pay for those expenses on your behalf. There are several types of health insurance policies in India. A health insurance premium calculator is a tool that helps you in knowing the premium amounts that you need to pay for your health insurance premium. With this calculator, you would be able to calculate premium of top health insurance plans by best Health insurance companies of India such as ICICI Lombard Health Insurance company, Bajaj Allianz Health Insurance, Cigna TTK health insurance, Max Bupa Health insurance, Reliance Health Insurance, Religare Health Insurance, Royal Sundaram Health Insurance, Future Generali Health Insurance, Hdfc Ergo Health Insurance, Iffco Tokio Health Insurance, L & T Health Insurance and Star Health Insurance among others.

Health Insurance Premium and Tax Benefits

Health insurance premium is a fixed amount that you need to pay on definite intervals, for keeping your health insurance plan running. You get several benefits with a health insurance policy-

Insurance premium and Tax Benefits

You will get the tax benefit under section 80D if the premium contribution is made from an income that is chargeable under tax as it plays a vital role in determining the tax benefit for a customer.

Premium paid for a health insurance policy of immediate family members is exempt from tax. It includes payment for individual, spouse, parents and dependent children. The premium paid for anybody except these is not entitled for tax exemption

Particular premiums are liable for tax exemption. It means you cannot enjoy the tax benefit after crossing a certain limit.

How Is It Calculated?

Have you ever noticed how insurance companies calculate premiums of health insurance policies? There are several factors that decide the insurance premiums. However, it is a fact that insurance companies have their own guidelines for calculating the health insurance premium. Below is the list of some guidelines that insurers follow.

Marketing And Management Costs

These expenses are also recovered from the premium paid by the insured. Such expense includes the cost of marketing, brokerís commission, advertisement, marketing cost and many other operational expenses.


It is the section of premium that is put into several public investments. Such investments are created on guidelines issues by the insurance regulatory body of India. Calculation of premium depends upon the returns of these capitalizations.


This is the price that a health insurance company has to bear in case of any eventuality to the policyholder. The expense of mortality fluctuates for several age groups and income groups and is usually high for older customers.

Personal History

The insurance company may or may not conduct a health checkup before providing the health insurance plan. However, they will take an account of your health like your personal habits that includes drinking, smoking and age among others.

Need of Calculating Health Insurance Premium

Calculating health insurance premiums is an important but cumbersome task. Generally people rely on insurance providers suggestions for their health insurance plans. However, with the growth of helpful tools online, the calculation of health insurance premium has become easier. This also makes sure that the customer is aware in advance about the policy that he/she selects.

Financial planning will become easier if you get to know the exact premium amount of your health insurance plan, beforehand. With this you can easily understand what should be the ideal health insurance premium amount that you can afford. By providing some basic information you will know the health premium payment as per your needs. Health insurance premium calculation is a difficult task as there are different parameters involved in it. But you can do the same easily by taking help of our health insurance premium calculator.

Calculate Your Premium

Health Insurance Premium Calculator

Health insurance premium calculation at is an easy and free tool. You can easily calculate the premium of health insurance policy by following some simple steps. makes the whole process easier for you. For getting the desired results, all you need to do is fill some basic information in the form and within a few seconds you will get the exact health insurance premium that you need to pay under your chosen health policy.

Customer Reviews

"Good service"
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- "Great"

Good service Read More..

Tiya verma, Pune
Reviewed On 09-01-2018
"Easy tool"
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- "Great"

It is a free and very easy tool Read More..

Yash yogi, Mumbai
Reviewed On 07-01-2018

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