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TATA AIG Health Insurance Premium Calculator
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TATA AIG Health Insurance Premium Calculator

What type of health insurance policy would suit one depends upon the requirements. So, choosing one health insurance policy out of different variants, a tool might prove beneficial where one could look at the premium rates and compare the policies.

TATA AIG health insurance premium calculator is one such tool that would help you in deciding and comparing all the available policies and give you an average estimate of what each policy is going to cost you in terms of premiums to be paid.

Why is it Important to Calculate Health Insurance Premium?

Besides the requirements in a health insurance plan, the financial capacity and budget of the insured also matter while deciding a health insurance plan. One needs to let go of some things in a policy for less premium amounts or have to pay a little extra for additional benefits from any health insurance policy.

But how to decide the fluctuations in the premium installments due to any additional benefits or rider plans, if opted. Thus, the TATA AIG health insurance calculator is at your service to manage such things and help you in arriving at a final decision.

How TATA AIG Health Insurance Premium Calculator Works? 

TATA AIG health insurance premium calculator will provide you an estimate of the premiums to be paid. By providing certain details about the person to be insured and following the guidelines set by the insurer, i.e., TATA AIG health insurance company, you may get nearly the tentative amount to be paid.

TATA AIG health insurance premium calculator would search its database and provide you the premium amounts that should be paid depending upon the policy chosen and the person insured. 

Benefits of Tata AIG Health Insurance Premium Calculator

Calculating premium using TATA AIG health insurance calculator can be useful in the following ways:

  • One has an idea about the insurance premiums in advance.
  • One can choose the right combination of policy requirements and a budget that suits him/her.
  • It helps in managing one's finances after setting aside the estimated amount that needs to be paid to the health insurance provider.
  • One can decide easily for which policy one should go after, according to the estimated premium amount.
  • One can easily decide if he/she wants to include or exclude any rider plan to the basic policy.
  • It helps in saving money by comparing plans because sometimes the same features are provided in a low budget by some health insurance providers.
  • One can also decide what percentage of deductible options he/she should go for.
  • One can also decide whether he/she should go for a family floater or an individual health insurance policy.

Using the TATA AIG health insurance calculator would clear your doubts about the exact choice of plan, financial budget, add ons, etc. A well-researched and clear thought about health insurance policy would help in making a quick decision. 

Factors Affecting the Health Insurance Premium Calculations

There are a few things that decide the premium amount to be paid for a particular health insurance policy. Basically, the factors determining the premium amounts depend either upon the insured or the choice of policy.

Following factors are taken into account by the TATA AIG health insurance premium calculator:

  • Age of Insured: Premium amount is directly proportional to age. Higher the age, the higher will be the premium amount to be paid.
  • Medical History: Any pre-existing medical condition will result in a higher premium amount against the one having no medical history.
  • Service Charge: Expenses due to the services provided by the insurer along with their marketing expenses also account for the premium amount.
  • Savings through Investment: The health insurance companies put your money to invest in the public sector. The profits gained by capital investment can make your premiums go down.
  • Mortality Rate: This is the amount that the insurer is liable to pay to the insured or the nominee in case of a medical emergency. This amount also decides the premium sum.
  • Deductible Option: Higher the deductible option, the lower is the premium value to be paid. Deductibles are the amount that one has to pay from his/her pocket for the medical expenses incurred.

Many other factors, depending upon the insurance company's underwritten statements, could make an effect on the premium rates. So, if one is going to purchase a policy from TATA AIG health insurance, one should carefully read such underwritten terms and conditions to get a more precise idea of the policy as well as the premiums. 

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Written By: Paisawiki - Updated: 30 September 2020

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