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Royal Sundaram health insurance offers health insurance solutions catering to a comprehensive list of medical conditions and ailments. There are two types of health insurance packages – lifeline and family plus. The former is an all-encompassing indemnity plan that covers all aspects of an individual’s and their family’s health insurance. The latter is an affordably priced health insurance plan covering not only immediate family members but extended family members as well. In order to get a fair idea on the premiums to be paid for these plans, Royal Sundaram health insurance premium calculator can be a great option.
The Royal Sundaram health insurance premium calculator helps a prospective policyholder calculate their premiums. The following information is required to calculate the health insurance premium.
Medical costs are rising. Instead of being caught in the vicious circle of hospital expenses, an effective way to secure one’s and one’s family’s future is to purchase a health insurance policy. This is an important step to not only financial freedom but protection against unforeseen circumstances. During medical emergencies, the insured is relieved of any financial burden.
There are numerous medical insurance policies to choose from Royal Sundaram General Insurance Company. Choosing the right one takes a bit of analysis. A good health insurance policy can be chosen after reviewing one’s financial obligations, healthcare requirements, and long-term investment outlook.
Another step to choosing a good health insurance cover is to use the Royal Sundaram health insurance premium calculator. If for some reason, the premium payments don’t seem feasible, then an alternative can be sought, instead of committing to the policy, and then not paying premiums on time.
Not only does the health insurance premium calculator help in assessing if premium payments are possible. It can also help compare the various plans that the insurer offers. Not all plans are the same considering that each plan has several variances from the other, because they are intended to serve specific goals of policyholders.
The following points help in understanding the benefits of the Royal Sundaram health insurance premium calculator.
Insurance companies levy premiums based on a variety of factors. The following are some of the factors that are taken into consideration for calculating Royal Sundaram health insurance premiums:
In case of an incident to the customer, the insurance company has to bear the expenses. Some customers have a higher mortality rate probably due to factors such as lifestyle habits, pre-existing conditions, and age. Income groups, social groups and geographic locations of customers can also influence their mortality rates. Taking into consideration all these factors, a health insurance plan for an individual could be modified as per the discretion of the underwriter. The rationale for the same can be sought in writing from the insurance company.
Some people do not conduct medical health checkups before taking a health insurance policy. At the time of taking a policy, insurers do take into account a person’s health history, personal habits, family medical history. All of this data helps the insurance company arrive at a premium for a person.
Based on the guidelines set by the Insurance Regulatory and Development Board of India, insurance companies may invest a portion of the premium in government bonds. Not all health insurance plans have this investment component. The ones who have this component may have a higher premium owing to the fact that a portion of the premium is reserved for investment.
Ans: The company has to be intimated by filling an online form. An email can be sent to the company’s customer service as well. The company guarantees to respond to the claim in 48 hours. If all documents are proper and no discrepancies are detected, the claim process is smooth. If there are discrepancies, then the claim is rejected with reasons.
Ans: Informing the company is as easy as checking the premium via Royal Sundaram health insurance premium calculator. Just write to the company or call their customer service. The best time to call is before 48 hours.
Ans: The insurance company has more than 5000+ hospitals in its network. Considering the number of hospitals, it is feasible to take a health insurance policy after checking premium rates using the Royal Sundaram health insurance premium calculator.