ICICI Lombard Premium Calculator
  • Calculation of Health Insurance Premium
  • Factors affecting Health Insurance Premium
  • Working of Health Insurance Premium Calculator
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ICICI Lombard Health Insurance Premium Calculator

ICICI Lombard Health Insurance Premium Calculatoris an online tool that can be used to find the health insurance premium before purchasing it. The manual calculation can be very difficult and inaccurate especially when you are buying a policy that covers a large number of people like a family floater health insurance plan. Finding the premiums manually of such plans can be time-consuming and extremely complicated. Hence, theonline premium calculatorsprovide a quick and accurate premium amount that is beneficial for prospect insurance buyers.

Health Insurance Premium Calculator

What is Health Insurance Premium

It is an amount that you pay to the insurance company to enjoy the benefits of a health insurance policy and to keep it active. In return, the insurance company will pay your hospital bills and other healthcare expenses if you have a medical emergency or are diagnosed with a disease covered by the policy.

Importance of Online Health Insurance Premium Calculator

The online health insurance premium calculator is important as you can perform the following activities:

  • The online health insurance premium calculator is important as you can perform the following activities:
  • You can add new riders or you can deduct the existing one.
  • You can add or deduct the policy coverage benefits.
  • You can compare different health insurance based on your affordability and requirements.
  • You can check the best suitable plan as per your estimated budget.

Features and benefits of ICICI Lombard Premium Calculator

Some of the key features and advantages of an ICICI Lombard Premium calculator are listed below:

  • It simplifies and fastens the time-consuming and complex task of determining health insurance premium amounts. Enter a few asked information into the calculator to get an instant estimate of your premium amount.
  • You can check the estimated amount you have to pay for health insurance. This allows you to select the health plan that is best for you and your family.
  • Health Insurance Premium calculators are quite flexible as you can check the best health insurance plan and premium amounts for you as per your needs and requirement.
  • You can also check the discounts available on the premium amount and can use them to reduce the premium.
  • Policyholders can use different filters and select premium quotes based on their choices.
  • The ICICI Lombard health insurance premium calculator is free to use and can be used several times to calculate premiums.

Health Insurance Companies

How to Reduce ICICI Lombard Health Insurance Premium?

People avoid purchasing health insurance because of the higher premiums. Here are some suggestions for minimizing your health insurance premiums:

  1. Buy policy at a young age

    Premiums of health insurance depend on the buyer’s age. If the buyer’s age is high then the health insurance premium will be high. Purchasing a health insurance policy at a young age is the best option as it allows you to obtain health coverage at the lowest premium rates.

  2. Compare and buy online

    You can make a good decision and get the right plan for yourself by comparing and purchasing health insurance policies. You can also get attractive discounts on premiums amounts from the insurer.

  3. Opt for a multi-year policy

    You can save 5% on your premium by choosing a multi-year (2-year) coverage. This is valid for ICICI Lombard Complete Health Insurance policy.

  4. Choose add-on covers wisely

    Every add-on cover you choose comes with an additional premium on top of your regular health insurance premium. As a result, you should choose your add-on covers carefully and avoid those that you may not need.

  5. Go for higher deductibles

    Deductibles are a proportion of the entire claim amount that the policyholder is responsible for. You can save a lot of money on health insurance by choosing higher deductibles.

Factors That Affect the Health Insurance Premium

Factors that can affect the health insurance premium:

  • Gender and Age of the applicant
  • Lifestyle
  • Pre-existing health condition
  • Policy type
  • Add-on covers
  • Policy tenure
  • Location of the applicant

How to use the ICICI Health Insurance Premium Calculator?

An online premium calculator is easy to use. You need to follow these steps to calculate your premiums. The steps to calculating your health insurance premiums by requesting a quote on our website are as follows:

  • Visit the official website.
  • Click on Health Insurance on the product list.
  • Enter your details like DOB and contact number.
  • Select your desired plan.
  • Choose your preferred sum insured amount and policy duration.
  • Click on the “Get Quote” button.
  • The result will show you the estimated premiums.

Health Insurance Articles

ICICI Lombard Premium Calculator: FAQs

1. What is the rate of GST payable on health insurance premiums?

The government has charged 18% GST on health insurance premiums.

2. How to calculate health insurance premiums for parents?

The process of calculating health insurance premiums for your parents is similar to the process of calculating health insurance premiums for a younger individual. You can use a senior citizen health insurance premium calculator to figure out how much it will cost to get health insurance for your parents.

3. Can I get health insurance quotes online?

Yes. You can get health insurance quotes online using a variety of web-based tools. You can use the ICICI Lombard Health Insurance Premium Calculator to acquire fast premium quotations for your desired health insurance policy.

What Our Customers Have to Say

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Vishal Singh

Delhi

September 27, 2022

I want to thanks Atul Bhardwaj he suggested me good policy and provide me good comparison which help me to choose best plan...........

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Sagar Jain

Delhi

September 14, 2022

Very Good Organization, Very Decent Staff. Sales team is very good, they are following clients in proper manner

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Mahesh Malvesh

Delhi

September 14, 2022

Thanks Manoj for suggesting Best plan and even for your patience level with good knowledge and exp l..really happy to see policy x help and Good exp in industry.. Keep going Good always in fut...

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Mohan Bhargava

Chandigarh

September 14, 2022

Best company I ve ever seen. Good service. Politely way of talk. An employee of policy x is Azhar (13272) a best advisor. Good knowledge about the product and companies.

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Paewn kumar

Delhi

September 14, 2022

I got good services from rinku kumar in health insurance team he suggest good plan for my parents and family thank you so much policyx.com

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Santokh Singh Sethi

Delhi

September 14, 2022

I was great experience with policyx, the way the compare the plan is very good and web site is also easy to understand... I will suggest go with Policyx only

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Kakali Bagchi

Kolkata

September 14, 2022

The people who is seating in policyx.com are vary supportive and they guide for the best policy and they help after sale also

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Subhro Jha

Hyderabad

September 14, 2022

It was great experiance with Policyx.com about the claims as i got rejection my claim from HDFC Ergo but after getting support of policyx.com i got my claim and the complete amount is given by...

Naval Goel

Reviewed By: Naval Goel

Naval Goel is the CEO & founder of PolicyX.com. Naval has an expertise in the insurance sector and has professional experience of more than a decade in the Industry and has worked in companies like AIG, New York doing valuation of insurance subsidiaries. He is also an Associate Member of the Indian Institute of Insurance, Pune. He has been authorized by IRDAI to act as a Principal Officer of PolicyX.com Insurance Web Aggregator.