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New India Health Insurance Premium Calculator
250+ Plans 18 Insurance Companies
₹ 5 Lakh Coverage @ ₹ 10/day
7 Lakh+ Happy Customers

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

New India Assurance offers different types of health insurance plans ranging from individual, family floater to group insurance plans. It also gives the policyholder flexibility to customise their policies based on the policy term and total sum insured.

However, zeroing in on one plan often turns out to be a tough decision. Any individual, who is willing to purchase health insurance, looks for a plan that provides comprehensive coverage with the lowest premium amount payable. 

New India Assurance premium calculator helps in making this search easier. One can use this calculator to know the premium amount. Once the person gets to know how much he or she has towards the policy, it will help them to plan their finances accordingly.

Why to Use New India Assurance Insurance Calculator?

There are several points that a person has to keep in mind before deciding on purchasing the policy. These key points will help in choosing the right insurance plan that promises to fulfil their future financial needs. And these calculators help deciding these factors and picking up the right policy. Here the key things to consider are:

  • Financial requirements
  • Special benefits provided by insurance plans
  • Frequency of premium payment, whether it is yearly, quarterly or monthly.

The person who wants to buy a policy can compare various plans offered by insurance providers online and decide which policy provides maximum benefits at affordable premiums.

Details Required for New India Insurance Premium Calculation

To calculate, New India Assurance Health Insurance premium, the buyer will be required to fill in some details. These details are given below. 

Age and date of birth

  • Marital Status
  • Gender
  • Annual Income
  • Number of dependent kids
  • Policy term
  • Whether the buyer is a smoker or a non-smoker
  • Life cover

How is the New India Assurance Premium Calculated?

New India Assurance premium can be calculated easily through Paisawiki.com as well. The buyer can visit the website and calculate the premium amount by entering the following details:

  • Type of plan
  • Sum assured
  • Policy period
  • How many members are covered in the plan
  • Age of the insured people

Factors Affecting New India Assurance Premium Amount?

Various factors play a vital role in determining premium rates. They are given below.

  • Age

Age plays a key role in determining the premium amount that the policyholder will be required to pay. Older a person, the higher is the premium amount payable. Because people are more prone to age-related health problems as they old and require frequent medical attention. That's why it is advisable to purchase a health insurance plan at a young age.

  • Gender

Health insurance premiums offered by New India Assurance vary from men to women. It is believed that owing to the sedentary lifestyle, today’s women are more vulnerable to lifestyle diseases. This seems they need proper healthcare without worrying about the finances.  Hence, the premium amount is lower for women than men.

  • Medical History

If the person buying a health insurance policy has a family history of any disease like cancer, heart problem or blood pressure, their probability of going for medical treatment in future becomes high, so the premium rates offered to them is also high.

  • Smoking Habits

People who smoke regularly will be offered an insurance policy at a higher rate as smoking increases the risk of suffering from health problems. They become more prone to health conditions like Stroke, asthma, cancer, heart disease, hypertension etc.  

  • Pre-existing Health Conditions

If the policyholder is suffering from any pre-existing disease, he or she will have to pay more towards health insurance premiums as they require more coverage compared to other people.

  • Geographical Location

A policyholder's geographical location also plays a critical role in determining the health insurance premium. Some locations lead to higher premium rates than others.

  • Profession

If the policyholder is working in a dangerous environment or has a stressful job, he or she becomes more prone to suffering from medical problems, he or she will have to pay a higher premium amount.

Advantages of Using the Premium Calculator

There are several advantages of using New India Assurance health insurance calculator. Some of them are mentioned below.

  • Easy to Calculate

The New India Assurance health insurance calculator helps the policyholder to easily determine how much premium he or she has to pay, which in turn makes it simpler to choose the right insurance plan.

  • No Errors

The manual calculation is more likely to have errors. Since the calculation of insurance premium has now become online with the use of a health insurance calculator, there is very less chance of any miscalculations.

  • Know the Exact Amount

The New India Assurance health insurance calculator will help the buyer to know the exact life cover amount that he or she would need to have a secured financial future for their family.

  • Easy to Compare

With New India Assurance health calculator, the buyer will be able to compare various plans and their premiums to decide which one is best suited for them and their family.

FAQs

Written By: Paisawiki - Updated: 22 September 2020

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