ICICI Lombard Health Insurance Premium Calculator

The ICICI Lombard Health Insurance Premium Calculator is an online tool that helps you determine your health insurance premium before purchase. Manually calculating premiums can be difficult and inaccurate, especially for policies covering multiple individuals like a family floater plan. Such manual calculations are time-consuming and complicated. Therefore, online premium calculators provide a quick and accurate premium estimate, benefiting prospective insurance buyers.

What is a Health Insurance Premium?

It is the amount you pay to an insurance company to enjoy the benefits of a health insurance policy and 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 it allows you to perform the following activities:

• Add or remove riders.
• Adjust policy coverage benefits.
• Compare different health insurance plans based on affordability and requirements.
• Find the most suitable plan within your estimated budget.

Features and Benefits of ICICI Lombard Premium Calculator

Some key features and advantages of an ICICI Lombard Premium calculator include:

• Simplifies and speeds up the complex task of determining health insurance premiums. Enter a few details to get an instant estimate.
• Provides an estimated premium amount, helping you select the best health plan for yourself and your family.
• Offers flexibility to check various health insurance plans and their premiums according to your specific needs and requirements.
• Helps identify available discounts to reduce your premium.
• Allows you to use filters and select premium quotes based on your preferences.
• Free to use and can be accessed multiple times to calculate premiums.

How to Reduce ICICI Lombard Health Insurance Premium?

People often avoid purchasing health insurance due to higher premiums. Here are some suggestions for minimizing your health insurance premiums:

1. Buy policy at a young age

   Health insurance premiums depend on the buyer's age. Younger applicants typically pay lower premiums. Purchasing a policy at a young age allows you to secure health coverage at the lowest rates.

2. Compare and buy online

   Comparing and purchasing health insurance policies online helps you make an informed decision and find the right plan. You may also avail attractive discounts 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 the ICICI Lombard Complete Health Insurance policy.

4. Choose add-on covers wisely

   Each add-on cover increases your premium. Therefore, choose add-on covers carefully and avoid those you may not need.

5. Go for higher deductibles

   Deductibles are the portion of the claim amount that the policyholder pays. Opting for higher deductibles can significantly reduce your health insurance premium.

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. To calculate your health insurance premiums by requesting a quote on our website, follow these steps:

• Visit our official website.
• Click on Health Insurance in the product list.
• Enter your details like date of birth 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.