Health Insurance Calculator
Get Health Insurance Premium Instantly
To ease the process of calculating the premium even for the cheapest Mediclaim policy desired, we have introduced a comprehensive online cashless Mediclaim policy premium calculator for you. To use this health insurance calculator, all you have to do is fill out some basic details such as:
Once you enter all these details into the health insurance calculator, you will be able to see the premium amount you need to pay for the desired coverage. If you find it satisfactory, you can proceed ahead to the payment page and get yourself insured against any medical emergencies, there and then. If the premium amount is higher or lower than your budget for the same, you can use the medical insurance calculator to adjust the coverage accordingly and get the premium you want.
In case you are unable to access the online cashless Mediclaim policy premium calculator for any reason, you can contact our customer care at 1-800-103-5499. Our representatives will be happy to assist you with the whole process and answer any queries that you may have. If you have any queries regarding the medical/health insurance premium calculator, you can reach out to the insurer’s customer service staff through the live chat service available on the website.
Wondering why you should use a health insurance premium calculator? Well, apart from being a convenient and easy online tool, our health insurance premium calculator, provides you with an accurate premium quotation for your medical insurance policy and helps you save a significant amount of money. This is the main reason to use the medical/health insurance calculator tool before buying a mediclaim policy. Besides this, using a health insurance calculator will also offer you the following benefits.
Saves Your Time
A medical insurance premium calculator will save you a lot of time. Without this convenient and efficient health insurance calculator tool, you would have to visit the branch to get a premium quotation. If the same calculation is to be done manually it would consume your lot of time and energy. c. However, with a health insurance calculator, you can skip all of this and get a premium quotation in a matter of minutes!
Customize the Plan as Per Your Needs
A health insurance calculator allows you to customize several aspects of your policy. You can select the add-ons you want, change the sum insured of your cashless Mediclaim policy, choose the voluntary deductible, and so on. Thus, a medical insurance calculator allows you to tailor the coverage of your plan to match your exact needs and budgetary requirements.
You Can Buy the Plan Online With Ease
A health insurance calculator offers more than just premium quotations. They also provide you the option to buy a plan as well. Once you customize the plan as per your requirements with the help of our health insurance premium calculator, just click on the ‘continue’ option, fill in your details, make the payment and be insured without any hassle. The coverage of your policy would begin immediately and your policy documents will be emailed to you instantly.
Helps You Save Money
Yes, a medical insurance calculator can help you save money to a certain extent. By offering you with an estimated premium, the health insurance calculator lets you know that you can adjust your coverage to suit the premium you have in mind. Otherwise, many policyholders end up paying more premium than they had intended to as they think that there is no other choice.
With a health insurance calculator, you can get a premium quotation in a matter of seconds. But have you ever stopped to wonder how the premium of your plan is actually calculated? Well, the cost of your health insurance policy is determined based on several factors. Some of these factors include:-
Sum Insured
This is quite obvious, the higher the sum insured of your plan, the more will be the premium estimated by the medical/health insurance calculator for your cashless mediclaim policy.
Age
The risk of illness increases with age. Keeping this in mind, insurance companies will charge a higher premium as you grow older. This is one of the main reasons why a medical insurance premium calculator will ask for your date of birth.
Lifestyle Habits
Consuming alcohol or nicotine products increases the risk of medical complications. Therefore, a health insurance premium calculator will show a higher premium for tobacco/alcohol users.
Add-ons
Each add-on has its own price tag. Therefore, the more add-ons you choose with your cashless mediclaim policy, the higher the premium of your policy. You can use the medical insurance premium calculator to check how the various add-ons influence the premium of your policy.
Co-pay of the plan
Co-pay is a percentage of the compensation amount you agree to pay in case of a claim. If you opt for a higher co-pay, the health insurance premium calculator will show a premium on the lower side.
Did the medical insurance premium calculator provide a quotation that’s beyond your budget? Not to worry! There are several steps you can take to bring down the premium shown by the medical insurance calculator. Most of them will not even affect the coverage of your policy.
Opt For Long-Term Health Insurance
Long-term plans generally offer discounted premiums. Moreover, they protect you from any future price hikes and premium revisions.
Opt For Top-Ups
A medical insurance premium calculator will provide quotations based on the sum insured you choose. The higher the sum insured, the higher the health insurance calculator will show as the premium. To avoid this, you can opt for a lower sum insured and opt for top-ups to increase the coverage amount.
Choose Family Floater Plans
You can cover your spouse, young children, and yourself under one family floater plan. This type of cashless mediclaim policy is way more affordable than buying individual health insurance plans for each family member. Most medical insurance premium calculators offer quotations on family plans as well.
Buy Young
You may have noticed that the medical insurance premium calculator asks you to enter your date of birth to provide a quotation. This is because age plays an important role in deciding the premium of your policy. Keeping this in mind, it is always advisable to buy a health plan when an individual is young. The longer you wait, the higher your premium will come on the results of the medical/health insurance calculator!
Maintain a Healthy Lifestyle
Those who maintain a healthy lifestyle tend to be at a lesser risk for health disorders. This results in a better deal when they are purchasing a cashless Mediclaim policy. Plus, if you have a healthy lifestyle and do not raise any claims during a policy period, you can get a discount on the premium in the form of NCB i.e. No Claim Bonus. A medical insurance calculator might ask you for your claim history in your existing year. If you have not made any claims, then you can let the health insurance calculator know the same and you will see a slightly lower premium.
Opt For a Higher Deductible
Health insurance policies have a component called ‘deductible’. The deductible refers to the amount that the policyholder is expected to pay from their pocket when they raise a claim. It is somewhat similar to co-pay, but there are minor differences. A higher deductible can lead to a lower premium on your cashless Mediclaim policy and vice-versa. So, next time when you try to estimate the premium of your health insurance plan on the medical insurance calculator, do remember to adjust the deductible to get a suitable premium.
The health insurance premium calculator is a very beneficial tool. It helps you come to the right balance of premium and coverage. After you have taken a decision regarding the amount of coverage, the benefits you require, and the additional riders you want, comes the next most important step, i.e. payment of premium to begin your insurance coverage. You can begin with the payment process right after you are satisfied with the results provided by the health insurance premium calculator.
In case you have an existing cashless Mediclaim policy in effect, then please make sure that you renew the premium payment on time. This way your policy will remain in force protecting you against medical uncertainties. In case you delay the payment for more than 30 days, then your cashless Mediclaim Policy would be null and void, all your accumulated benefits will be forfeited, which can lead to serious consequences later on.
If you want to make some changes to your existing policy, you can use the medical insurance calculator to get the right premium for yourself. Many people think that the calculator is useful only if you are purchasing a policy. However, one can use the health insurance calculator during the renewal process as well, if he/she wants to change some aspects of the policy.
We at IFFCO Tokio understand the importance of timely payment of insurance premiums with regards to the continuation of your cashless Mediclaim Policy so that you stay protected against any medical emergency.
Hence to make things convenient for you, we accept payment for your premium through a host of options. You can choose between online as well as offline payment methods to pay your cashless Mediclaim policy premium.
We at IFFCO Tokio understand the importance of timely payment of insurance premiums with regards to the continuation of your cashless Mediclaim Policy so that you stay protected against any medical emergency.
Hence to make things convenient for you, we accept payment for your premium through a host of options. You can choose between online as well as offline payment methods to pay your cashless Mediclaim policy premium.
