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.

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.

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.

ICICI Lombord Health Plans

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.

Find Out What PolicyX.com Customers Are Saying

(Showing latest 5 reviews only)

- 4.5/5 (30 Total Rating)

February 17, 2022



I have family insurance plan and my mother and sister hospitalised for covid together. hospital gave me big amount. I used insurance plan to pay the bills.

September 8, 2021

Jubin Katyal


Very Good company ICICI. I am impressed with their services. I will recommend this compnay from my side

September 6, 2021

Aditya Kapoor


I really like the plans from ICICI Lombard as they have comprehensive and affordable plans. Nice ICICI

August 31, 2021



happy to buy a plan from ICICI, their customer support is very helpful and very supportive, even helped me in my claim settlement.

May 24, 2021

Karan Mehta


Thank you policyx for guiding me and resolving my queries related to icici lombard. Really happy the way they treat their customers. I have suggested this plan to my sister also

Last updated on March, 2022

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