• Home
  • Business
  • Companies
  • Economic
  • Management
  • Marketing
  • Partnerships
  • Services
Tuesday, January 26, 2021
Business System Guide
Advertisement
  • Home
  • Business
  • Companies
  • Economic
  • Management
  • Marketing
  • Partnerships
  • Services
No Result
View All Result
Business System Guide
  • Home
  • Business
  • Companies
  • Economic
  • Management
  • Marketing
  • Partnerships
  • Services
No Result
View All Result
Business System Guide
No Result
View All Result
Home News

How Does a Health Insurance Premium Calculator Help You?

by Nala Samir
2 months ago
in News
0
How Does a Health Insurance Premium Calculator Help You?
153
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter

Health insurance plans are beneficial in reducing your financial distress in case of a medical emergency. However, before choosing a policy, you must understand the inclusions, exclusions, waiting period, and other terms and conditions.

What is a premium?

An important factor that influences your decision is the premium. This is the amount you pay to the insurer to ensure you receive the coverage under the health plan. The premium depends on several factors, which include:

  • Age: Generally, the health insurance premium is lower when you are young as the possibility of ill-health is lesser
  • Sum insured (SI): The premium increases when the SI is higher and vice-versa
  • Medical condition: Your current medical condition and family history also influences the premium payable on the insurance cover
  • Type of plan: The amount also varies between individual and family floater health plans
  • Pre-existing diseases (PEDs): Some insurers may eliminate or reduce the waiting period for PED by charging an additional premium

Tips to reduce the premium

Rising medical inflation and healthcare costs make it necessary for you to avail of a basic health insurance plan. However, there is no reason why it should be expensive. Here are five ways to get a health policy at a cost-effective premium:

  • Buy the insurance plan when you are younger
  • Opt for a higher deductible or co-pay based on your financial situation
  • Compare health insurance policies offered by various insurers and buy online
  • Avail of family floater plans
  • Avoid unnecessary additional riders

Understanding the health insurance premium calculator

It is an online tool that will help you determine the approximate amount you will have to pay as the mediclaim insurance premium. It is very simple to use this calculator. By entering a few basic details, you will be able to determine the estimated premium within minutes. You can input your age, SI, type of policy, additional riders (if any), and location to compute the predicted premium.

Benefits of a health insurance premium calculator

An online health insurance premium calculator offers several advantages, like:

  • Financial planning, as you get an idea about the potential premium payable in advance
  • Informed decision making based on your financial situation, ensuring you do not default on timely premium payment
  • Facility to calculate the premium based on multiple factors to help you find the most appropriate and affordable health plan
  • Possibility to calculate the additional premium for various riders, which enables you to choose the suitable add-ons
  • Opportunity to review different plans easily along with their features, inclusions, exclusions, and other benefits before making a decision

In today’s uncertain times, a mediclaim is indispensable. However, you can get it at an economical premium by following the aforementioned steps and doing some research.

Related Posts

Why Are Students Heading Toward Canada For Higher Qualifications?
News

Why Are Students Heading Toward Canada For Higher Qualifications?

January 19, 2021
4 Reasons Why You Need Help From a Flood Damage Removal Service Parker Colorado
News

4 Reasons Why You Need Help From a Flood Damage Removal Service Parker Colorado

January 16, 2021
30-Day Preparation Strategy for SBI PO Exam 2021
News

30-Day Preparation Strategy for SBI PO Exam 2021

December 23, 2020
Business contract attorney elaborate the new international post covid clauses.
News

Business contract attorney elaborate the new international post covid clauses.

December 19, 2020
CHRISTMAS IN AMSTERDAM: WILL THE TOURISTS STILL COME IN THE YEAR OF COVID?
News

CHRISTMAS IN AMSTERDAM: WILL THE TOURISTS STILL COME IN THE YEAR OF COVID?

December 18, 2020
6 Features Coming to Tomorrow’s Smart Cards
News

6 Features Coming to Tomorrow’s Smart Cards

December 17, 2020
  • Trending
  • Comments
  • Latest
Why You Should Hire An Extended Development Team

Why You Should Hire An Extended Development Team

January 16, 2020
What is the difference between PHP, Ruby on Rails and Python?

What is the difference between PHP, Ruby on Rails and Python?

February 1, 2020
Company Uniforms Don’t Always Have to Be Pretty

Company Uniforms Don’t Always Have to Be Pretty

February 20, 2020
The Benefits Of Operating In a Healthy Working Environment

The Benefits Of Operating In a Healthy Working Environment

January 17, 2020
Difference between forensic watermarking and visible watermarking

Difference between forensic watermarking and visible watermarking

0
Small Business Details to help you get Began

Small Business Details to help you get Began

0
Economic Development Assistance Revives the American Dream

Economic Development Assistance Revives the American Dream

0
Small Company Marketing Ideas – Three Strategies for Success

Small Company Marketing Ideas – Three Strategies for Success

0
Difference between forensic watermarking and visible watermarking

Difference between forensic watermarking and visible watermarking

January 26, 2021
Photo by Kevin Bhagat on Unsplash

Photo by Kevin Bhagat on Unsplash

January 25, 2021
Why Issue Preference Shares Instead of Common Shares

Why Issue Preference Shares Instead of Common Shares

January 19, 2021
Why Are Students Heading Toward Canada For Higher Qualifications?

Why Are Students Heading Toward Canada For Higher Qualifications?

January 19, 2021

Recent Posts

  • Difference between forensic watermarking and visible watermarking
  • Photo by Kevin Bhagat on Unsplash
  • Why Issue Preference Shares Instead of Common Shares
  • Why Are Students Heading Toward Canada For Higher Qualifications?
  • Crucial Differences Between A PDF And Word File

Archives

  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • April 2019
  • March 2019
  • March 2017

Recent Posts

  • Difference between forensic watermarking and visible watermarking
  • Photo by Kevin Bhagat on Unsplash
  • Why Issue Preference Shares Instead of Common Shares
  • Why Are Students Heading Toward Canada For Higher Qualifications?
  • Crucial Differences Between A PDF And Word File
January 2021
M T W T F S S
 123
45678910
11121314151617
18192021222324
25262728293031
« Dec    

Site Navigation

  • Home
  • Business
  • Companies
  • Economic
  • Management
  • Marketing
  • Partnerships
  • Services
Business

Difference between forensic watermarking and visible watermarking

The piracy of DRM-protected content using cam-recording can be prevented by two video-watermarking solutions: Forensic watermarking and visible watermarking. Watermarking ...

January 26, 2021
Technology

Photo by Kevin Bhagat on Unsplash

There’s no denying the value of an attractive, functional website in today’s marketplace. A professional website has a multitude of ...

January 25, 2021
Business

Why Issue Preference Shares Instead of Common Shares

A company can use many ways to raise capital or funding for projects, campaigns, products, or expansions. The most common ...

January 19, 2021
News

Why Are Students Heading Toward Canada For Higher Qualifications?

Choosing where to study abroad can be daunting for most international students. Many considerations need to be analyzed apart from ...

January 19, 2021
Technology

Crucial Differences Between A PDF And Word File

Since the introduction of the Internet, electronic files have been steadily rising in popularity. It has come to the point ...

January 18, 2021
  • Home
  • Your Inquiry

© 2020 Business System Guide. All Rights Reserved.

No Result
View All Result
  • Advertisement
  • Contact Us
  • Homepages
    • Home 1
    • Home 2
    • Home 3
    • Home 4
    • Home 5

© 2020 Business System Guide. All Rights Reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In