Bajaj Allianz Health Insurance Premium Calculator

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To remain financially covered during a medical crisis, a proper health insurance policy is required to protect the essentials. You can purchase different types of health insurance plans, each of which has a different price tag. Also, certain factors affect the premium amount of your insurance policy, some of which include your residing location, age, present lifestyle, coverage type, etc. To get a general idea of what your preferred type of health insurance might cost, you can easily get quotations on it for free by using the Bajaj Allianz health insurance calculator online. The company offers this great service that allows individuals to calculate the premium of their health policy by providing the required general details.

Key Features of the Bajaj Allianz Health Insurance Calculator

The key features of the Bajaj Allianz Health Insurance calculator are:

1. Ease of Planning

When purchasing health insurance coverage, a lot of factors come into play when deciding the premium amount of the policy. The Bajaj Allianz health calculator offers near-accurate insurance premium cost estimation that allows you to get a clearer idea about the payable price of the policy. This helps when deciding the right health coverage for you and your family and lets you do proper financial planning for the future.

2. Easy Add-on Selection

You are not only getting near accurate price estimations with the Bajaj Allianz health mediclaim premium calculator for the base insurance plan but also the prices fit for selecting add-ons with your coverage. This is a great feature as it allows you to select the ideal add-ons with your Bajaj Allianz health insurance plan to get extra benefits and coverage for damages you deem necessary. 

3. Default Reduction

You can make proper assessments and evaluations of your medical insurance and learn about the several benefits of multiple health insurance plans with the help of the Bajaj Allianz health insurance calculator.  As you go through the details while making the premium calculation, you gain knowledge of everything associated with the procedure, including being informed about the recent medical insurance policy rates. Having a clear idea of the ongoing health insurance rates allows you to select affordable coverage plans and bypass any defaulting on the insurance policy premiums in the future.

4. Flexibility

The Bajaj Allianz health insurance premium calculator online is very adaptable as you can change the input details and other factors on the fly as per your need and get the total sum insured value and policy premium amount that matches your liking. 

5. No Need for Insurance Advisors

The Bajaj Allianz health policy calculator allows you to scout through the various available options on your own terms and decide on the coverage plan that fits your need. With the Bajaj Allianz health calculator tool, you can get quotes on the payable premium amount throughout the foreseeable policy term. You can easily skip away from the section about talking to a health insurance advisor or counsellor by using this online tool. There will be no external persuasion by any agents, and you can decide upon your choice of coverage type and its selected add-ons at your own pace. This comes out as one of the popular features of the Bajaj Allianz health insurance calculator.

Things to Remember While Using a Bajaj Allianz Health Insurance Premium Calculator

There are a few important things that you must note when using the online health insurance calculator:

  1. The premium value obtained from the Bajaj Allianz insurance premium calculator depends on the input details added by the user, and the actual payable amount of the plan might differ when purchasing the real policy. Thus the calculated premium value is to be treated as an estimation of the policy instead of a precise figure of the actual health insurance policy premium.
  2. The Bajaj Allianz health insurance premium calculator requires certain details to provide the cost estimation, and these input values can be changed to match the desirable outcome. Hence, it is better to consider this premium calculator online as a tool to inspect and review the expected plan details.

How to Use the Bajaj Allianz Health Insurance Premium Calculator Online?

Using the Bajaj Allianz health insurance premium calculator is very easy and it provides instant values based on given parameters. The calculator online tool has a very user-friendly and simplistic interface and mostly requires basic details from the consumer. Just visit the official website, provide the appropriate information and quite instantly get the calculated value within seconds. You can then go on and compare the newly obtained prices and select the perfect plan for you.

The primary affecting factors used up by the Bajaj Allianz health insurance premium calculator at the time of determining your insurance policy’s estimated premium value is: 

  1. The age of the insured individual or all the family members who are to be included under the health insurance plan.
  2. The plan type and its variant come into effect when getting the sum insured.
  3. The medical history of the individual or the family’s pre-existing health conditions.

On the other hand, the Bajaj Allianz health insurance premium calculator does not include the following when determining the policy’s premium:

  1. The health and BMI of the family
  2. The underwritten policy terms and conditions
  3. Any available rejection details of previous plans

These above-mentioned factors are assessed right at the time of picking the Bajaj Allianz health insurance plan and while making its premium payment over the internet.

Bajaj Allianz Health Insurance Premium Chart

If you want to get a detailed breakdown of the Bajaj Allianz insurance premium chart, you can find it within the company’s policy brochure and the policy documents. The Bajaj Allianz insurance premium chart consists of premium rates that are specific for the different age categories, term length and sum insured value. The health insurance premium chart generally guides you along the different price points, which helps you to make sound policy choices that match your purchase range.

How is Bajaj Allianz Health Insurance Premium Determined?

There are several factors that influence the health insurance premium amount, and some of the common ones are;

1. Age

Age is a primary factor that affects the premium amount of your Bajaj Allianz health insurance policy. Younger individuals are statistically more fit healthwise, are less vulnerable to diseases and require lesser medical and health care facilities than older individuals. Hence, young folks are required to pay lesser premium prices than older individuals. 

2. Preceding Medical Record

Based on the previous medical data and records, insurance companies analyze the potential risks that are associated. Customers with pre-existing diseases or health conditions that make them more vulnerable to things like high blood pressure, cancer, diabetes, heart conditions, etc. are liable to pay more in terms of health insurance premiums.

3. Sum Insured 

The sum insured (SI) value is directly proportional to the premium amount of your health insurance policy. This means that a higher sum insured value will draw a higher payable premium amount.

4. Body Mass Index

The Body Mass Index or BMI is a key affecting factor that decides the premium value of your health insurance plan. Individuals with irregular BMI are more likely to conceive certain diseases and medical conditions like heart problems, diabetes, joint issues, etc. This causes such individuals to use more medical facilities. Hence they are inclined to pay higher insurance premium prices.

5. Coverage Type

The coverage type you select will affect the policy's premium amount. You can take standalone health care coverage for yourself or get a policy covering your family members. The premium price for an individual policy is dependent on the insured person’s age, income, lifestyle habits, etc., whereas, in the case of a family floater health insurance policy that provides coverage for all the family members, the premium value depends on the oldest insured family member’s age.

6. Smoking Habits

Individuals who smoke are at a greater risk of several health-related complications, like cancer, asthma, hypertension, etc. This is the reason why they have to pay higher premiums on their insurance policy than a non-smoker.

Tax Exemption on Bajaj Allianz Health Insurance Premium

According to Section 80D of the Income Tax Act of India, policyholders can enjoy certain tax exemptions against the premium paid on individual and family health insurance prices. A maximum value of INR 25,000 can be deductible from the insured’s total taxable income in a year if they are under the age of 60 years. 

And, this tax-deductible amount is up to INR 50,000 per year for senior citizens. This means there is an upper limit of INR 75,000 tax deductible eligibility for the policyholder along with his/her senior citizen parents under the policy. If the policyholder and their conditional parents are all over the age of 60 years, the tax exemption amount has an upper limit of INR 1,00,000.

Insured MembersTax Exemption
Below 60 yearsOver 60 years
Self, Children & SpouseINR 25,000INR 50,000
ParentsINR 25,000INR 50,000
Overall DeductionINR 50,000INR 1,00,000

Bajaj Allianz Health Insurance Premium Calculator FAQs

  • 1. What is the premium amount in Bajaj Allianz health insurance?

    The amount you are required to pay to the insurance provider to get the preferred health insurance plan initiated is known as the premium amount. 

  • 2. What is a Bajaj Allianz health insurance premium calculator?

    The Bajaj Allianz health policy calculator is an online tool provided by the insurance company, through which interested policy buyers can get a general idea of the different plan premiums.

  • 3. Does Bajaj Allianz health insurance premium calculator require the age of the insured individual in order to determine the policy value?

    Yes, the insured individual's age is necessary to calculate the premium value of the preferred health insurance plan.

  • 4. Does the previous medical record of the family affect the overall plan premium?

    Yes, the family's previous medical history with recurring illnesses affects the overall premium of the health insurance policy.

  • 5. Is it better to buy health insurance at an early age?

    Yes, buying a health insurance policy at an early age is highly recommended for its safety and considerably lower premium prices compared to older folks.

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