Find Your Perfect Health Insurance Plan
Why Use Our Calculator?
Our Health Insurance Calculator provides instant premium estimates based on your age, dependents, health, and coverage preferences. Discover affordable plans and connect with our experts for free advice!
How It Works
1. Enter your details (age, dependents, health status).
2. Choose your coverage and add-ons.
3. Provide contact info for a personalized quote.
4. Click "Calculate" to see your premium and tips.
5. Consult our experts or share with friends!
How Premiums Are Calculated
We adjust a base premium based on your age, number of dependents, health status, and lifestyle habits. Add-ons like critical illness or maternity cover are included. GST is additional.
Formula: Annual Premium = (Base Premium × Age Factor × Health Factor × Lifestyle Factor × Dependent Factor) + Add-on Costs
Monthly Premium = Annual Premium / 12
Top 20 FAQs
1. What is a health insurance premium?
It’s the amount you pay monthly or annually for your health insurance coverage, ensuring medical expenses are covered when needed.
2. Who needs health insurance?
Everyone, from individuals to families, needs health insurance to manage unexpected medical costs.
3. How is the premium calculated?
Premiums are based on age, dependents, health, lifestyle, and add-ons, with GST additional.
4. Can I change my coverage later?
Yes, coverage can be adjusted during policy renewal, subject to insurer terms.
5. What does the sum insured mean?
It’s the maximum amount your insurance pays for medical expenses in a year.
6. Is health insurance tax-deductible?
Yes, premiums are deductible under Section 80D, up to ₹25,000 (or ₹50,000 for seniors).
7. What’s not covered by health insurance?
Exclusions include cosmetic surgeries, certain treatments, and pre-existing conditions (with waiting periods).
8. How do I claim insurance?
File a claim with cashless options at network hospitals or reimbursement for others.
9. Can my family be on the same plan?
Yes, family floater plans cover all members under one premium.
10. How do I get started with Twins Consultancy?
Use our calculator and click the consultation button for expert guidance.
11. What is a family floater plan?
A single policy covering all family members with a shared sum insured.
12. What is a waiting period?
A period during which certain conditions, like pre-existing diseases, aren’t covered (1–4 years).
13. Does it cover critical illnesses?
Yes, with optional riders for critical illnesses like cancer or heart disease.
14. Are emergency services covered?
Yes, most plans cover emergency hospitalizations and ambulance services.
15. Can I choose my hospital?
Yes, but cashless claims are limited to network hospitals; non-network hospitals require reimbursement.
16. Are medications covered?
Yes, prescribed medications during hospitalization or specific treatments are covered.
17. Do I need a medical checkup?
For higher ages or coverage, insurers may require a pre-policy medical checkup.
18. Can I switch insurers?
Yes, with portability, retaining benefits like waiting period credits.
19. Are children covered?
Yes, children can be included in family floater plans or individual policies.
20. What if I miss a premium payment?
A grace period is offered, but non-payment may lapse the policy; consult Twins Consultancy for solutions.