ICICI Lombard Health Insurance Plans Premium Calculator

In recent years, there is a drastic change in the buying habit of individuals for Health Insurance plans. Nowadays, everyone prefers covering health risks rather than facing the consequences in the future. But before buying any health insurance plan, it is necessary to calculate the amount of premium. It can help you to speculate your expenses once you buy the plan. You can go through the ICICI Lombard Health Insurance Plans Premium Calculator that will help you to calculate the amount of premium. There are some basic details that you have to enter while calculating the premium. But before knowing the steps to calculate the premium amount, you must go through the need for the health insurance premium calculator.

Need for Using the Health Insurance Plans Premium Calculator

There are some customization that you can make while taking the policy and your amount of premium will be adjusted accordingly. Therefore, most of the individuals use the Premium Calculator before buying any plan.

Manage Benefits

You can manage your additional benefits once you know the amount of your premium. So the calculation of premium beforehand will help you to add or delete riders as per your choice. You can also increase or decrease the coverage of the policy at the time of calculating the premium.

Know the Exact Amount of Premium

Once you enter all your requirements related to the health insurance plan, you can see the exact amount of premium that you have to pay. The ICICI Lombard Health Insurance Plans Premium Calculator will help you to know yearly premiums and monthly premiums as well.

Increase or Decrease the Sum Assured

You will have to decide the Sum Assured while taking the health insurance plan. So the amount of premium will be affected if you increase or decrease the Sum Assured. On the other hand, while you are quoting the premium amount, you are free to choose the amount of Sum Assured.

Compare Different Policies

Premium Calculator plays a vital role when you are comparing two policies. You can use the premium calculator for computing the premium value of many health insurance plans. Once you know the premium amount of all the insurance plans, it will be easy for you to decide the best plan for yourself.

Decide the Policy Term

The Policy Term also affects the amount of the premium. So, when you are calculating the premium then you have to choose a certain policy term. Therefore, the ICICI Lombard Premium Calculator will evaluate the exact value of the premium for a certain term.

Details used in ICICI Lombard Premium Calculator for Health Insurance Policies

There are certain details that you have to enter while calculating the amount of premium for the health insurance plan. So you can go through those details.

Members

There are four options available in the ICICI Lombard Health Insurance Plan that you will have to choose while calculating the premium. You will have to add members in the Policy and they are as follows:-

1. Self- Minimum Age of Entry for Self is 21 Years and the Maximum Age is 125 Years.
2. Spouse- Minimum Age of Entry for Self is 21 Years and the Maximum Age is 125 Years.
3. Son- Minimum Age of Entry for Self is 6 Years and the Maximum Age is 19 Years.
4. Daughter- Minimum Age of Entry for Self is 6 Years and the Maximum Age is 19 Years.

Tenure

While calculating the premium amount, you will also have to choose the tenure that is the Policy Term. You can choose the policy term for 1 year and a maximum of up to 2 years. You can renew the health insurance plan once the policy term expires.

Insurance Cover

You will have to decide the amount of the Sum Assured before taking the plan. So the amount of premium also depends on the Sum Assured you have taken. You can choose the Insurance Cover from the options given below:-

1. 3 Lacs
2. 4 Lacs
3. 5 Lacs
4. 7 Lacs
5. 10 Lacs
6. 15 Lacs
7. 20 Lacs
8. 30 Lacs
9. 50 Lacs

Name

The name of the applicant is mandatory to enter while you are calculating the health insurance premium. You will get a call from the company’s representative if there is an error in the details you have entered.

Mobile Number

Mobile is also necessary to enter when you are calculating the premium.

ICICI Lombard Health Insurance Policy Exclusion

The company will not cover any type of illness if it is incurred within 30 days from the date of the inception of the policy.

Treatments of the Following Disease will not be covered for the First two Years

1. Cataract
2. Benign Prostatic Hypertrophy
3. Myomectomy, Hysterectomy unless because of malignancy
4. Hernia, Hydrocele
5. Fissures & / or Fistula in Anus, hemorrhoids/Piles
6. Arthritis, Gout, Rheumatism, and spinal disorders
7. Joint replacement, unless due to accident
8. Sinusitis and related disorders
9. Stone in the urinary and biliary systems
10. Dilatation & Curettage, Endometriosis
11. All types of Skin and all internal tumors/cysts/nodules/polyps of any kind,
12. including breast lumps, unless malignant
13. Dialysis required for chronic renal failure
14. Surgery on tonsils, adenoids, and sinuses
15. Gastric and duodenal erosions & ulcers
16. Deviated Nasal Septum
17. Varicose Veins/Varicose Ulcer