Care Health Insurance Premium Calculator

The right health insurance policy acts as an indispensable shield against rising medical inflation. While selecting the right cover is important, it is equally essential to calculate the premium payable and compare quotations across different health plans. Fortunately, Care Health Insurance (formerly known as Religare Health Insurance) has introduced a digital tool for quick and easy online premium calculation.

The Care Insurance Premium Calculator is designed to simplify premium calculation, making your insurance purchase convenient. Care Health Insurance (CHI) offers three policy estimation options: family health insurance, pre-existing diseases cover, and senior citizen health insurance premium calculator.

The Care Premium Calculator eliminates the need to depend on third parties for information and allows you to calculate premiums in just a few clicks. This free online tool factors in your age, number of members, medical history, and amount of coverage required to provide you with the estimated premium.

Why Do You Need Online Premium Calculators?

The Care Health Insurance Premium Calculator provides numerous advantages. Let’s look at some of its benefits:

• Estimation of Premiums Without Errors: The digital premium calculator precisely analyses all policy parameters to provide error-free premium rates.
• Saves Time and Money: An all-digital facility allows you to examine an insurance policy and check medical insurance premium rates online from anywhere, at any time.
• Budget Management for Add-on Riders: Once you've determined your premium, you can ensure you stay within your financial budget. It helps you decide if extra riders can be added based on your budget.
• Premium Comparison: It allows you to compare premiums of several plans, helping you choose the most cost-effective option. This saves time otherwise spent reading individual policy brochures.
• Personalized Coverage: It allows you to tailor coverage elements to your specific needs.

What are the Features of the Care Insurance Premium Calculator?

• Online Tool: The Care Premium Calculator by Care Health Insurance (formerly Religare Health Insurance) is available online, making it easy to use from the comfort of your home.
• Free for All: The application is completely free, and users can use it multiple times to get premium quotations.
• Quick Quotations: The calculator provides quick results that include taxes and offer a good estimate of the net premiums due.
• Plan Comparison: The Care Health Premium Calculator evaluates multiple plans to help you find the best choice.
• Personalized Approach: The premium calculator allows you to customize your coverage. You can add or remove members, change the Sum Insured, and customize other aspects.

Factors Taken into Consideration for Premium Calculation

• Age: Age is a significant factor influencing health insurance premiums. As you get older, you become more prone to health problems, leading to higher medical treatment costs and thus higher premiums. Younger individuals typically pay lower premiums.
• BMI: Your Body Mass Index (BMI) is the ratio of your height to your weight. An unhealthy BMI increases the likelihood of conditions like obesity, heart disease, and diabetes, resulting in higher medical insurance premiums.
• Medical History: Your personal and family medical history is considered when determining the likelihood of genetic conditions or pre-existing illnesses. These specifics are a decisive factor in premium calculation.
• Add-on Covers: When using the tool, you'll find options to attach add-on covers to expand your coverage. Any additional coverage, such as a higher sum insured, a shorter waiting time, automatic recharge, COVID, and OPD care, will increase the premium cost.
• Type of Health Plan: The type of health insurance plan you select significantly impacts your premium. An individual policy typically has a higher premium than a family floater plan. The premium calculator can help you find a suitable health plan at an affordable rate.
• Lifestyle Choices: Insurers consider your lifestyle choices, including alcohol consumption, smoking, and tobacco use, when calculating your premium. You must disclose any significant lifestyle habits to accurately assess your health insurance premium. For example, a smoker faces increased health risks and consequently pays a higher premium than a non-smoker.
• Pre-existing Diseases: Individuals with pre-existing conditions are likely to pay a higher premium than those in better health. While a waiting period applies for pre-existing disease coverage, an option to shorten this period is available for a higher premium.

Information Required by the Care Insurance Premium Calculator

With Care Health Insurance's (CHI) digital premium calculator, calculating medical coverage premiums has never been easier. To get an estimate of your insurance payment, you need to provide a few crucial details as listed below:

• For a Family Health Insurance Plan: The number of people to be covered, along with their age and gender.
• For Pre-Existing Disease Cover: The number of adults and children to be insured, the age of the oldest member, and disclosure of any pre-existing medical issues.
• For Senior Citizen Health Insurance: The age and gender of all family members.

Care Health Insurance (formerly known as Religare Health Insurance) only needs your contact and the above-mentioned information to help you better understand the policy coverage and premium amount.

How to Use Care Health Insurance's Premium Calculator?

Step 1: Go to the Care Health Insurance website's "Calculate Health Insurance Premium" page under the "Health Insurance" category.

Step 2: From the drop-down menu, select a suitable health policy.

Step 3: Enter your phone number and click the 'Get Quote' button.

Step 4: Input your pin code as well as your email address.

Step 5: Select the number of members you want to insure, as well as their age and gender, by clicking 'Next'.

Step 6: To calculate the policy’s premium, adjust the sum insured using the meter in the 'Total Coverage' section and switch between several policy terms ranging from 1 to 3 years.

Step 7: In the "Care Quote" area, your immediate medical insurance premium computation will be displayed.

Step 8: To improve your health insurance coverage, select any or all of the add-on benefits suggested on the 'Care Quote' display. As you add benefits, you will notice an immediate difference in the premium price.

Note: You should declare the number of adult members and minors, as well as the eldest member's age, if you are purchasing a pre-existing illness policy.
You must also specify whether the senior policy-seekers have any pre-existing conditions.