Monday, December 16, 2024

How to calculate an exact premium for a specific case in insurance 2025

 To calculate an exact premium and assist with choosing the right health insurance plan, I’ll need a bit more information. Could you share the following details?

  1. Type of Plan:

    • Individual Health Insurance
    • Family Floater
    • Critical Illness Cover
    • Any specific requirement (e.g., maternity benefits, top-up plan)
  2. Number of Members (for family floater):

    • Who needs coverage? (E.g., self, spouse, children, parents)
    • Age of each member (important for premium calculation)
  3. Coverage/Sum Insured:

    • Desired coverage (₹5 lakh, ₹10 lakh, or more)
  4. Location:

    • Your city or state (healthcare costs vary by region)
  5. Special Needs:

    • Any pre-existing conditions
    • Need for global coverage or critical illness add-ons

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