Best Health Insurance Calculator - Know your health insurance premium
Health insurance is an agreement between the insurance company and the insured customer in which the insurance company agrees to pay the claim up to the sum insured in case of any hospitalization in return for a considerable amount known as “Premium”. The health insurance calculator available on the portal https://www.policybachat.com/health-insurance helps you in determining your health insurance premium to be paid. Health insurance calculator is the best online tool available to check your health insurance premium. Health insurance premium calculator displays premium from different insurance companies offering their health insurance products.
The importance of health insurance can be known from the recent Corona virus pandemic where people having Health insurance policy were reimbursed of their medical expenses, while families without a health insurance policy were forced to avail loans or sell off their properties to pay the hospital bills. The rising hospital bills are a big concern to the middle class families as even a small accident or illness could wipe of their entire life savings. If you have a health insurance policy your savings as well as properties would remain intact as the medical bills would be paid by the insurance company.
Online Health insurance calculator is the perfect tool to calculate your health insurance premium. The health insurance premium calculator takes into consideration various factors such as the age of the person, gender of the applicant; sum insured required, pre existing illness, location of the person etc and determines the premium to be paid by the applicant. Health insurance premium mainly depends on the age of the applicant; higher the age, higher would be the health insurance premium. It is advisable to take health insurance policy at a very young age to satisfy the conditions mentioned in the policy such as Pre existing diseases, 30 day waiting period and Specific disease waiting period.
Your health insurance premium may increase in case there is a claim in the previous year and your sum insured may increase in case there is no claim in the previous year. The increase in sum insured is termed as the No claim bonus which is awarded for each claim free year. The maximum no claim bonus that can be awarded is the sum insured mentioned in the policy copy. The health insurance calculator does calculate the health insurance premium precisely without a scope for errors.
How to use Health Insurance Premium calculator?
Step 1: The first step in using the health insurance premium calculator is to click on the online health insurance premium calculator link https://www.policybachat.com/health-insurance and proceed to the data entry.
Step 2: The next step in using the health insurance premium calculator is to enter the below details clearly and correctly.
- Gender of the applicant- Male and Female
- Whom do you want to insure? – Self, Spouse and Family or Self & Spouse only
- Age of the applicant; to be entered as Date of Birth
- Medical history – Any pre existing conditions as well as medical history to be declared.
- Pin code of your location
- Name of the applicant and email id of the applicant.
Step 3: In this step you can enter your requirements such as:-
- Sum insured required under the health insurance policy
- Refine plans – Plans can be selected on the basis of your requirements.
- Add-ons such as Critical illness, Waiver of premium and Accidental disability cover can be selected and the premium would change accordingly.
- Preferred Brands- You can filter your preferred insurance company’s health insurance plans.
Step 4: This is the last and final step where you need to make payment to the insurance company and it only takes a few minutes to finish this process. The premium figure displayed may be changed subject to the medical underwriting. Once the premium payment is made, the customer receives confirmation regarding the same and there may be a requirement to undergo certain medical tests depending on the declaration made in the proposal form.
For best health insurance quotes using health insurance calculator please visit https://www.policybachat.com/health-insurance and get the affordable health insurance quotes from the top health insurance companies.