Health Insurance Premium Estimator

Estimate health insurance premium for individual and family floater plans. Based on age, sum insured, city tier, and pre-existing conditions.

Health Insurance Premium Calculator

Estimate annual premium for individual or family floater health plan

Plan type
Age of eldest member 32 yrs
1865
yrs
Sum insured Rs 5L
Rs 3LRs 1Cr
Rs
Number of members 3 members
16
members
City tier
Annual premium
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excl. GST
Per lakh SI cost
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per Rs 1L covered
Total with GST
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incl. 18% GST
Sum insured---
Base premium---
GST 18%---
Total premium---
Section 80D deduction eligible---
Premium vs GST split
Base premium: ---
GST: ---

Indicative premium estimate. Actual premiums vary by insurer, medical history, and plan features. Compare on IRDAI-authorised aggregators.

How premium grows with age
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ThriftRupee Insight

Health insurance premiums increase 10–15% annually and jump sharply at age 35, 45, and 60. A Rs 5 lakh family floater for a 30-year-old couple costs Rs 8,000–12,000/year. The same cover at 45 costs Rs 20,000–35,000. Buy young — the premium saving over 15 years more than pays for the policy. Post-60, premiums can exceed Rs 60,000–80,000/year for Rs 5 lakh cover.

Health Insurance Premium — What Determines Your Cost

Health insurance premiums in India are primarily driven by age, sum insured, number of members, and city of residence. Premiums increase significantly at age 35, 45, and 60 — buying young locks in better rates. Family floater plans covering 2–4 members are generally cheaper than individual policies for each member, provided the eldest member is below 55.

Frequently asked questions

How is health insurance premium calculated in India?▼
Premium depends on: age (primary factor — increases 10–15% per year after 35), sum insured, city (metro vs tier-2), number of members covered, pre-existing diseases (may add 10–50% loading), policy type (individual vs floater), and add-ons (maternity, OPD, critical illness rider). Insurers use actuarial tables with no two companies pricing identically.
What is a family floater health plan?▼
A family floater policy covers all family members under one sum insured, shared between them. Premiums are lower than individual policies for each member. The oldest member's age determines premium. If any one member exhausts the sum insured due to a large claim, it affects the entire family's coverage for that year. Families with elderly parents should not add them to a floater.
How much health insurance cover is adequate?▼
Minimum Rs 5 lakh for individuals in metros; Rs 10–15 lakh if you want meaningful protection. Medical inflation in India runs at 14–16% per year. A surgery costing Rs 5 lakh today will cost Rs 15–20 lakh in 10 years. The guideline: sum insured should cover at least one major surgery without co-payment stress. Super top-up plans are cost-effective for higher coverage.

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