HDFC ERGO Health Insurance Premium Calculator

HDFC ERGO offers an online tool for calculating premiums of your desired health insurance plans and you can use it for free. HDFC ERGO health insurance policies are offered at different price tags, depending on the type of plan you go with. There are a lot of plan options and coverage choices that you can take up as per your requirements. The HDFC ERGO health insurance policy is also one of the most affordable health care plans that you can get in India for adequate coverage for your needs. So, in case you are looking to buy a health care plan and are confused in the affordability section, then you can use the HDFC ERGO premium calculator as a reference. With this, you can get a general idea of what your preferred choice of policy might cost, and use the HDFC ERGO health insurance calculator online for further guidance in plan customization.

Key Features of the HDFC ERGO Health Insurance Calculator

The essential features of the HDFC ERGO Health Insurance calculator are:

• Makes Planning Easier

One of the effective features of the HDFC ERGO health calculator is that it helps you to get near-perfect estimated pricing of the policy premium of your choice. This enables you to get a clear vision of the present ongoing premium prices of the general health care plans and gives you a basic starting point to work over. You can then work out the correct plan that falls within your budget segment and meets your coverage needs. 

• Easy Customization Guide

There are multiple layers to the HDFC ERGO health mediclaim premium calculator that is available online. With the help of this tool, you can customize your plan to various degrees, add in or remove optional coverage choices that fit your needs and get quotes based on that. Going with add-ons offers additional specific coverage, which is completely optional and depends upon the policyholder. It is a much better way to get clarity on your ideal choice of health insurance plan. 

• No Involvement of Insurance Consultants

By providing the basic needed details, you can get a general outline of policy premiums with the help of the HDFC ERGO health policy calculator. It is available online, and you can get access to it without much of a hassle only by visiting the official website. Then you will just have to provide the correct details of the members you want to get insured within the HDFC ERGO health calculator tool and get the estimate of the policy prices. The entire process is very basic and doesn’t involve speaking with an external insurance consultant. So there’s no issue of persuasion coming from a third party, and you can make your decisions completely on your own. This is one of the many reasons to use the HDFC ERGO health insurance calculator at the time of policy purchase planning.

• Reduce Defaults

The HDFC ERGO health insurance calculator uses the provided parameters to make fitting price assessments of the policies that you are interested in. While you use this calculator online to shape your plan, you gain general knowledge about the current ongoing policy prices and health insurance plan rates. With this, you can make more reasonable decisions when purchasing your health care plan and avoid defaults on policy premiums further on. 

• Simple to Use

The HDFC ERGO health insurance premium calculator online works based on the provided parameters. The tool offers a very flexible interface where you can change the input details on the fly, including member addition or removal, selection sum insured value, coverage and plan type details, etc., to get the desired outcome. Also, it provides a very basic layout that is easy to understand and can be used without any confusion, making your policy selection journey much easier.

Things to Remember While Using the HDFC ERGO Health Insurance Premium Calculator

When using the HDFC ERGO health insurance calculator, you should keep notes on these things:

1. The HDFC ERGO insurance premium calculator is an easily accessible online tool that helps you determine the general premium prices of insurance plans and policies. The tool works in regard to the provided data and parameters set by the individual. 
   The outcome might be different from the actual payable price of the policies at the time of policy purchase as, at that time, factors like previous medical records, pre-ailments, lifestyle habits, etc., come into consideration. Hence, the price quotations from the tool are best suited to be described as general estimate values.
2. The HDFC ERGO health insurance premium calculator uses basic data like the age of the insured, coverage type, etc., to give price quotations on policy premiums. You can change these provided parameters to get the likable outcome and shape the plan accordingly. So this calculator online is better defined as a tool that helps you in setting up your choice of a plan at the early stage of policy purchase.

How to Use the HDFC ERGO Health Insurance Premium Calculator Online?

In order to use the HDFC ERGO health insurance premium calculator online, you will need to visit the official website, provide the required parameters according to your needs and calculate the premium. The tool will give the estimated price details of the selected plan within seconds.

These are the factors used by the HDFC ERGO health insurance premium calculator during price determination: 

1. The plan type details
2. The age of the respective members included
3. General details like the resident city and state
4. Policy term period
5. BMI of the insured
6. Pre-existing ailment (if any)
7. Smoking habits (f any)

On the other hand, the details that are not included during the premium calculation:

1. Previous policy rejection (if any)
2. The underwriting conditions and terms
3. Personal history of the insured individual or the family

At the time of officially buying the HDFC ERGO health insurance plan, additional determining factors might be required, which will affect the final payable policy premium.

HDFC ERGO Health Insurance Premium Chart

The HDFC ERGO health insurance chart can be found via the official company brochure or within the given policy document papers. From this HDFC ERGO insurance premium chart, you can get the current general premium rate details based on crucial factors such as age, term period, selected SI value, etc. 

How is HDFC ERGO Health Insurance Premium Determined?

There are some important factors that directly affect the premium of your HDFC ERGO health insurance plan. Some of the important ones are:

• Age

The younger people have to pay a lesser premium for their health insurance plan, unlike older individuals. This is because old people have a weaker immune system and are more prone to suffer from diseases inclined with old age. This factor involves a high risk of recurring medical care and treatment for older people, hence they have to pay more in terms of health insurance premiums than young individuals.

• Coverage Type Selection

The premium price for an individual HDFC ERGO health insurance plan is comparatively lesser than a family floater health insurance plan. Hence the type of cover is one of the vital factors that come into play when deciding the plan’s premium value.

• Pre-Existing Diseases

Individuals who are suffering from pre-existing diseases or have recurring health complications within the family history, are more vulnerable to getting sick and requiring medical care. As they possess more risk, they are required to pay a higher premium sum for their insurance.

• BMI

The BMI or body mass index is the measurement of body fat, which is calculated based on your height and weight. Individuals with irregular BMI values are more likely to suffer from health-related complications such as joint problems, diabetes, heart issues, etc. This means that individuals with irregular BMI are more prone to needing medical care facilities, which is why they are required to pay more premiums on the health care plans.

• Smoking Habits

By smoking habits, it is meant whether an individual has a daily habit of smoking or not. If they do, then they are more inclined to face various health-related complications, such as hypertension, COPD, stroke, cancer, lung problems, etc. This attracts the chances of medical risk in the future. Thus, people with smoking habits have to pay a higher premium on their insurance plan.

• Sum Insured

The total sum insured value of your plan is the total amount that you are liable to claim from your insurance provider. It directly affects the policy premium, which means a larger sum insured or SI value will cause your policy premium to rise.

• Gender

As per the statistics, women are more likely to consult with a physician than men and are more prone to suffer from chronic diseases and take prescribed medicines. Hence, gender does affect the premium prices to a certain extent.

Tax Exemption on HDFC ERGO Health Insurance Premium

As a health insurance policyholder, you are liable to enjoy a particular amount of tax-saving benefits based on section 80D of the Income Tax Act, 1961 of India. You can get tax exemptions by paying premiums on your health insurance policy for yourself and your household. For individuals below the age of 60, the maximum annual tax-deductible amount is INR 25,000 and for senior citizens, the upper limit is a maximum of INR 50,000. 

So, for example, if you are paying the premium on health insurance for yourself along with your dependent parents of above 60, who are senior citizens, you can get up to INR 75,000 tax savings per year. In case both you and your dependent parents are over the age of 60, you can get an annual tax exemption of up to INR 1,00,000.