New India Health Insurance Premium Calculator

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In the present COVID pandemic times, the importance of having health insurance is understood, and the first step of acquiring health insurance is calculating the sum you will be required to pay after purchasing the coverage of your desire. New India Assurance premium amount is the sum you must pay to be eligible for benefits under your policy. Making an educated selection and managing your finances are made easier when you utilise the New India premium calculator, which estimates the price to be paid for the policies you have selected. 

The cost of New India health insurance policies varies from plan to plan and from person to person. You may get free, up-front estimates for your premium for health insurance with the New India health insurance calculator. One thing is certain - health insurance premiums will be amazingly low if you buy the policy in your early 20s or 30s compared to doing so in late 40s and afterward. You can log on to Paytm Insurance, a leading insurance marketplace, to grab the best New India Assurance policy at an affordable premium.

New India Assurance provides you with the inbuilt calculator with every policy on their official website.

Key Features of the New India Assurance Health Insurance Calculator

New India Assurance Health Insurance calculator provides you with the following key features:

1. Helps You Make an Informed Choice

New India Assurance health mediclaim premium calculator helps you make decisions based on the knowledge provided by the company first hand, with the correct information and affordable premiums, the process of paying your premium doesn't result in the financial strain at the end of the day. New India health insurance calculator lets you calculate the premium for your desired coverage in just a few minutes.

2. Flexibility 

Before buying a New India Assurance health insurance, the inbuilt premium calculator on the official website, New India Assurance health calculator helps you look through different plans with different numbers of members insured in coverage, helping you to choose the personalized for your requirements. 

3. Online Procedure

New India Health Assurance insurance premium calculator lets you have a smooth ride by calculating your premium without the hassle of visiting the official branch. All you need to do is fill in your date of birth, the number of members in the coverage and your number and email to get the premium amount in seconds.

4. Add-on

New India health policy calculator helps you calculate and customize add-ons to your coverage based on your unique requirements. New India Assurance health insurance calculator provides you with the feature of being able to calculate different plans and add-ons under one roof, making the process a lot more convenient and less time-consuming.

Things to Remember While Using a New India Health Insurance Premium Calculator

Insurance premium calculators are designed to give you an estimate of the amount you will have to pay once you buy the coverage of your choice, but at times the price may differ. You can customize the variables and add-ons to get the coverage that meets your requirement. The New India health mediclaim premium calculator may be used to check the coverage variables and get a sense of the approximate premium amount you may end up paying after purchasing the coverage, but remember that the New India health mediclaim premium calculator simply gives you the premium amount while taking into account the details you have provided like, family’s age, medical history, fitness, and other factors. This is why you should take the amount as an estimate, not the whole amount that you will have to pay after purchasing the health insurance coverage.

How to Calculate Online Health Insurance Premiums for New India Assurance?

All you need to do to access the New India health insurance premium calculator is go to the coverage of your liking and choose to buy, and it will provide you with a premium calculator. The website will ask for some basic information to calculate the approx estimate for your coverage, once you have filled them out it will give you a calculated estimate amount. The information required to calculate this estimate are:

  • Coverage type
  • Selected policy
  • Household members, and medical history
  • Amount insured
  • The insured members' age
  • Personal information and a phone number

New India Assurance Premium Chart

The premium rates for a certain health plan are listed in a table called the New India Assurance premium chart. The premium rates are broken down in the table by age, insurance duration, and sum insured. You may look up the brochure and New India Assurance premium chart for each health plan online.

How is New India Health Insurance Premium Determined?

An instant premium estimate may be generated by utilising the New India health policy calculator. The price of your health insurance plan depends on a number of factors. Some of them are mentioned below:

  • Age 

One of the biggest factors in calculating the premium of your New India health insurance plan depends on your age. Health issues have a greater impact on older persons than they do on younger people. They are therefore more prone to seek medical attention and file insurance claims. Therefore, in order to be covered by the New India health insurance plan, they must pay a higher premium.

  • Medical History of the Insured

When you have a family history of conditions like cancer, heart condition, or high blood pressure, you are more likely to get such conditions yourself and so have a higher likelihood of needing hospitalisation. As a result, your premium for the New India health insurance plan will increase.

  • Lifestyle Habits

Your health is negatively impacted by lifestyle choices including drinking, smoking, and chewing tobacco, among others. As a result, if you often engage in such activities, your premium will be greater because you are more likely to need medical treatment. The insurer could in some circumstances deny your request for health insurance coverage.

  • Profession

Depending on the scale of risk in your occupation, the premium of your health insurance goes up or down. If you are a police officer, or a worker at an industrial site, then the rate of accidents at your place of occupation increases along with your premium. 

  • Pre-existing Ailment

Pre-existing conditions are illnesses that the policyholder already has at the time that they get health insurance. Your health insurance premium for New India health insurance plans will be higher if you have a pre-existing condition since you are more likely to file a claim.

  • Sum Insured

Your premium amount changes based on the amount you are insured for under your coverage. If you choose a higher sum for your New India Assurance health insurance plan, both your coverage and premium increase simultaneously. 

Tax Exemption on New India Assurance Health Insurance Premium

Along with several coverage benefits, New India health insurance plans also give tax advantages under Section 80D of the Income Tax Act of 1961 on the premiums paid for them. You can receive tax advantages for the number of years the coverage has been acquired if you pay the premium all at once. An Individual below the age of 60 can get up to INR 25,000 tax deduction. However, senior citizens can get deductions up to INR 50,000. 

The tax deductions are described more in statistics for better understanding:

InsuredTax Benefits
<60 years>60 years
Children, Self,  & SpouseINR 25,000INR 50,000
Dependent Parents/Senior CitizensINR 25,000INR 50,000
Overall DeductionINR 50,000INR 1,00,000

New India Health Insurance Premium Calculator FAQs

  • 1. What advantages come with utilising the calculator for New India Assurance health insurance premiums?

    You may save time and quickly calculate your coverage premiums by utilizing the New India Assurance health insurance premium calculator online. A calculator for health insurance premiums is a tool you may use online to choose the best health plan for your budget.

  • 2. How can I calculate my New India Assurance health insurance premium amount?

    You can use the New India health mediclaim premium calculator to determine your health premium, the calculator takes into account factors like age, lifestyle habits, any existing ailment etc. while creating a customized estimate premium for you. 

  • 3. What is the starting point for New India Assurance's health insurance plans?

    The first annual premium for New India Assurance health insurance products is INR 4,768, at this moment. The premium payment amount may occasionally fluctuate.

  • 4. How much of the premiums paid for New India Assurance's health insurance policies are eligible for a tax break?

    Under Section 80D of the Income Tax Act of 1961 allows for a tax advantage on premiums up to INR 25,000. However, a maximum deduction one can avail under health insurance is up to INR 1,00,000. 

  • 5. Even though I have a New India Assurance mediclaim policy, I have chosen the company's "Overseas Mediclaim Policy" because I will be travelling overseas for a month. Can I get a refund for the premium for the specified one-month period?

    No, your New India Assurance mediclaim policy will be stopped for the specified amount of time if you have one and travel overseas with an Overseas Mediclaim Policy. However, after the stated expiration date, the insurance's validity duration will be renewed for the same amount of time. There will be no premium adjustments or refunds.

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