Health Price Index

PolicyX.com Health Insurance Price Index

Analysis and insights from pricing of health insurance from leading insurance companies in India.

Broader Vision: Health Insurance Premium Trends

Comparing Q3 2025 to Q2 2026, the average health insurance premium has increased by 5.47%. The premiums remained stagnant in Q3 2026 compared to the previous quarter, Q2 2026.

The premium increase has been slight compared to the ongoing medical inflation, which is around 15%. If you want to get a health insurance premium at an affordable rate, you should buy it as early as possible.

Premium Price Variation by Segment

New data highlights that buying a health insurance plan at an early age can help you save on premiums. For example:

• A 26-year-old can get a health insurance plan for ₹5 lakh sum insured at ₹10,068.
• A 56-year-old has to pay an average premium of ₹26,970 for the same coverage amount.

If two adults aged 26 buy individual health insurance plans with ₹5 lakh coverage, they would need to pay ₹10,068 each, totaling ₹20,136 or even higher. However, if they buy a combined plan, it would cost only ₹14,477, saving ₹5,659 in premiums. That’s why it is always advised to opt for a combined plan to save on premiums.

Average Health Insurance Premiums by Age and Sum Insured

Source: Average prices in the above tabular data are determined by the leading 5 health insurance companies in India. These prices are for illustration purposes only. The actual prices may vary from insurer to insurer. The premium calculation is without GST as per new guidelines.

Average Premium Prices by Age

The premiums paid by an individual for a health insurance policy vary based on age. For example, for a ₹10 lakh sum insured:

• A 26-year-old individual has to pay ₹19,016.
• A 36-year-old individual has to pay ₹21,394.
• A 46-year-old individual has to pay ₹29,113.
• A 56-year-old individual has to pay ₹44,669.

Purchasing a health plan early offers various advantages, including high coverage and the accumulation of benefits such as increased sum assured, premium discounts, and restoration benefits.

Health Insurance Calculator

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Premium Prices by Coverage

Adding family members to your health plan can lead to a change in premium costs. A family floater plan allows the inclusion of your spouse and children under a single policy without experiencing a significant premium hike. For a sum insured of ₹5 lakhs and ₹10 lakhs:

• An adult has to pay an average premium of ₹18,046.
• Adding another adult of the same age increases the average premium to ₹26,837.
• Including a child in the same plan raises the average premium to ₹30,722.
• The average premiums for two adults and two children cost ₹38,546.

It is always advised to buy a combined or family floater plan to cover adults and children under one plan. This ensures savings in premium when compared to buying multiple individual plans to cover the same number of members.

Index Computation Methodology

The prices and charts displayed above are based on the average premium prices of 5 health insurance companies in India. To update the PolicyX Price Index, we have considered the data of 5 trustworthy Indian private health insurance companies, in terms of their latest earned Gross Written Premiums (GWP). These companies are:

• Star Health and Allied Insurance Co. Ltd
• ICICI Lombard General Insurance Co. Ltd
• Bajaj Allianz General Insurance Co. Ltd
• HDFC ERGO General Insurance Co. Ltd
• Care Health Insurance Co. Ltd

All average premiums are excluding GST.

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