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Health Insurance Price Index
Analysis and insights from pricing of health insurance
from leading insurance companies in India.
Analysis and insights from pricing of health insurance
from leading insurance companies in India.
Comparing Q1 2024 to Q1 2025, the average health insurance premium has has increased slightly by 3.52% this quarter as compared to the last quarter Q4 2024, increasing the average premium from ₹27,783 to ₹28,762 in Q1 2025.
The premium increase has been slight compared to the ongoing medical inflation, around 14%. If you want to get a health insurance premium at an affordable rate, you should buy it as early as possible.
The new data highlights that buying a health insurance plan at an early age can help you save on premiums. A 26-year-old can get a health insurance plan for ₹5 lakh sum insured at ₹13,808, while a 56-year-old has to pay an average premium of ₹34,491 for the same coverage amount.
If two adults buy an individual health insurance plan with ₹5 lakh coverage, they need to pay ₹8,885 each, which costs ₹17,770 or even higher. But if they buy a combined plan, it would cost only ₹12,768, saving ₹5,002 in premiums. That’s why it is always advised to go for a combined plan to save on premiums.
From the table below, you can see that by increasing the sum insured from ₹5 lakhs to ₹10 lakhs, there is a 53.4% increase in premiums compared to a 100% increase in the sum insured. The data clearly illustrates that health insurance premiums increase with age, highlighting the financial benefit of buying health insurance early.
| Age | Sum Insured | 1A | 2A | 2A+1C | 2A+2C | Grand Total |
| 26 | 5L | 8,885 | 12,768 | 15,364 | 18,214 | 13,808 |
| 10L | 13,630 | 20,002 | 24,640 | 29,647 | 21,980 | |
| 36 | 5L | 10,189 | 14,793 | 17,476 | 20,151 | 15,652 |
| 10L | 16,016 | 22,986 | 27,616 | 32,461 | 24,770 | |
| 46 | 5L | 14,145 | 21,349 | 24,347 | 26,751 | 21,648 |
| 10L | 22,728 | 33,847 | 39,182 | 43,976 | 34,933 | |
| 56 | 5L | 22,708 | 34,753 | 38,436 | 42,065 | 34,491 |
| 10L | 36,806 | 58,159 | 64,896 | 67,842 | 56,926 | |
| Grand Total | 18,600 | 28,045 | 32,338 | 36,065 | 28,762 | |
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 premiums paid by an individual for a health insurance policy vary based on age. For example, a 26-year-old individual has to pay ₹13,630, a 36-year-old individual has to pay ₹16,016, a 46-year-old individual has to pay ₹22,728, and a 56-year-old individual has to pay ₹36,806 in premiums for a 10 lakh sum insured. However, 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.
If you are looking for health insurance estimate cost for you and your family use our health insurance calculator to calculate premium online instantly.
Calculate NowAdding 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. A 36-year-old adult has to pay a premium of ₹10,189. Adding another adult of the same age increases the premium to ₹14,793, and including a child in the same plan raises it to ₹17,476 with a sum insured of ₹5 lakhs. Moreover, the premiums for two adults and two children cost ₹20,151.
It is always advised to buy a combined or family floater plan to cover adults and children under 1 plan. This ensures savings in premium, when compared to buying multiple individual plans to cover the same number of members.
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, and Care Health Insurance Co. Ltd.
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