ICICI Lombard Health Insurance Premium Calculator
Before buying a health insurance policy, it’s important to understand how the ICICI Lombard premium is calculated. The premium is the amount you pay regularly to keep your policy active—and only if it’s paid on time can you access its benefits. But here’s something many people don’t realize: even for the same plan, the premium can vary from person to person.
That’s because it depends on several factors like your age, medical history, lifestyle habits, and the coverage amount you choose. While you can get an instant quote from your insurer, knowing what affects your premium helps you make a smarter, more informed choice. This step-by-step guide will walk you through the process so you can estimate your health insurance premium with confidence.
Factors That Affect Your Health Insurance Premium
At My Insurance Dost, we believe that understanding what affects your health insurance premium can help you make better and more affordable choices. Here are some key factors that directly influence how much you pay for your health insurance:
1. Your Age
Age is one of the biggest factors that affect your premium. As you get older, your chances of falling sick increase, which means the insurance company takes on more risk—and charges a higher premium.
Tip from My Insurance Dost: It’s always better to buy health insurance when you’re younger and healthier. You can save a lot on your premium over the years.
2. Lifestyle Habits
Your daily habits matter. If you smoke or drink regularly, your premium will be higher. That’s because these habits increase the risk of health problems, which means a higher chance of hospitalization.
Tip from My Insurance Dost: If you maintain a healthy lifestyle, insurers often reward you with a lower premium.
3. Coverage Amount (Sum Insured)
The more coverage you want, the higher your premium will be. For example, a policy with ₹10 lakh coverage will cost more than a ₹5 lakh policy, because it offers greater financial protection.
Tip from My Insurance Dost: We help you choose the right coverage based on your needs and budget.
4. Co-pay and Sub-limit Clauses
- Co-pay means you agree to pay a portion of the hospital bill from your own pocket.
- Sub-limits are fixed caps on things like room rent or doctor’s fees.
Tip from My Insurance Dost: If your policy has low co-pay or high sub-limits, your premium will be higher. These clauses help insurance companies prevent misuse of the policy.
5. Age of the Eldest Member (for Family Floater Plans)
If you’re buying a family floater plan, the premium is based on the age of the oldest family member. The older they are, the more you’ll pay.
6. Pre-existing Health Conditions
If you already have health issues like diabetes or high blood pressure, your premium will be higher. That’s because the insurer expects a higher risk of claims.
Tip from My Insurance Dost: We guide you in finding plans that offer fair coverage even with pre-existing conditions.
7. Add-on Covers (Riders)
Riders are extra benefits you can add to your policy—like critical illness cover, maternity benefits, or personal accident cover. While these increase your premium a little, they also give you stronger protection.
Tip from My Insurance Dost: Help you pick only the riders you truly need—so you don’t end up overpaying.
How to Use a Health Insurance Premium Calculator
If you want to know how much you’ll need to pay for your health insurance, using a Health Insurance Premium Calculator is the easiest way to get a quick estimate. While you can calculate it manually by considering different factors, the calculator saves time and effort by giving you an instant quote.
What Is a Health Insurance Premium Calculator?
A health insurance premium calculator is an online tool available on most insurance company websites. It helps you know your expected premium in just a few clicks. You just need to fill in a few details—and the tool does the rest!
How to Use It – Step-by-Step
Although the process may vary slightly between insurers, here’s how it usually works:
- Select Your Coverage Amount (Sum Insured)
Choose the amount of health cover you want—for example, ₹5 lakh, ₹10 lakh, etc. - Enter Your Personal Details
- Your age
- Gender
- If you’re a smoker or non-smoker
- Number of people to be covered (for family plans)
- Add Contact Information
Enter your mobile number and email address, then click on the “Get Quote” button. Your estimated premium will appear right away.
👉 For example, if you’re using the ICICI Lombard Health Insurance Premium Calculator, you just need to:
- Select the policy name
- Enter age and family details
- Provide mobile and email
- Click on “Get Quote” to see your premium instantly
Benefits of Using the Premium Calculator
- Fast and Hassle-Free
No more complicated math! The calculator uses pre-set formulas to give you quick and accurate results. - Easily Change Your Preferences
Want to see how much you’ll pay for more coverage? Just change the coverage amount or add/remove riders. The premium updates instantly. - Compare and Shortlist Plans
Use the calculator to compare different policies and shortlist the best options—all from the comfort of your home. You can access it anytime, 24×7.
A Few Things to Keep in Mind
While premium is important, it’s not the only thing to consider when buying health insurance. Here are some other points to remember:
- Check the hospital network for cashless treatment.
- Understand exclusions—what’s not covered by the policy.
- Fill the form honestly—Don’t hide any health conditions or personal information. This helps avoid claim rejections.
- Declare any pre-existing diseases like diabetes or hypertension. Yes, it may increase your premium, but it ensures your claims won’t be denied later.
Once you receive your policy, go through the document carefully. If you notice anything wrong or missing, inform the insurance company immediately.
Popular ICICI Lombard Health Plans
- Complete Health Insurance
- Personal Accident Insurance
- Health Booster
- Corona Kavach Policy
- Arogya Sanjeevani Policy
These plans offer valuable financial support during medical emergencies.
🙋♂️ Frequently Asked Questions
You can easily use the ICICI Lombard health insurance premium calculator online. At My Insurance Dost, we guide you step-by-step on how to use it directly through ICICI Lombard’s official website or trusted insurance platforms like ICICI Lombard. Just enter your details and get instant premium quotes.
Anyone above 18 years of age with at least a 10th pass qualification can become an ICICI Lombard insurance agent through My Insurance Dost. Whether you're a student, homemaker, retired person, or working professional, you can join us and start earning with flexible hours, attractive commissions, and full training support.
Yes, it’s completely free! You don’t have to pay anything to use the ICICI Lombard health insurance premium calculator. At My Insurance Dost, we make sure you get access to helpful tools without any extra cost.
Yes, ICICI Lombard allows you to pay your health insurance premium online with ease. At My Insurance Dost, we also help you navigate the online payment process for a smooth and secure transaction.
Yes, you can use your credit card to pay the premium online. It’s a safe, quick, and convenient option that many policyholders prefer.
Final Thoughts
Your health insurance premium depends on many personal and policy-related factors. But the good news is—you don’t have to figure it all out alone. Visit My Insurance Dost to get expert help, compare plans, and find the right coverage at the right price. Need help choosing the best plan? Contact us or try our premium calculator now.