Oriental Insurance Health Insurance Premium Calculator
Oriental Insurance Health Insurance Premium Calculator is an essential tool for determining the cost of your health insurance policy. Understanding and managing your health insurance premium is crucial for financial planning and ensuring you’re covered in case of medical emergencies.
- Enter your age, gender, and desired sum insured.
- Click the ‘Calculate’ button.
- View your premium and other details in the results section.
- Use the interactive chart to understand your premium distribution.
The premium is calculated using the following formula:
Premium = (Sum Insured * Rate per lac) * (1 + Loading) * (1 + Tax)
Where:
- Sum Insured is the coverage amount you choose.
- Rate per lac is the premium rate per lac of sum insured, which varies based on age and gender.
- Loading is the additional amount added to the premium for administrative expenses.
- Tax is the applicable Goods and Services Tax (GST).
| Age | Male Rate per lac | Female Rate per lac |
|---|
| Policy Type | Loading | Tax |
|---|
- Choose a sum insured that covers your potential medical expenses.
- Compare policies from different insurers to find the best deal.
- Review the policy’s exclusions and inclusions to ensure it meets your needs.
What is the minimum and maximum sum insured?
The minimum sum insured is 1 lac, and the maximum is 10 lacs.
Can I choose my own loading and tax rates?
No, loading and tax rates are predefined by the insurance company and cannot be changed.
For more information, refer to the Oriental Insurance Company website.