With the increasing medical costs in India, people are considering ways and means to remain healthy and to find out ways to meet these expenses. And health insurance is one such method. Health plans by Apollo Munich suit the requirements of individuals regardless of their age or gender. These insurance plans are offered to individuals, family and senior citizens. You can use the Apollo Munich Health Insurance Premium Calculator available on the insurance provider’s website to calculate the premiums of these policies and compare among the available plans before purchasing one.
In the case of a health emergency, you should be focusing on the betterment of your health and not the financial implications of the situation. Having a health insurance policy in place will help you in recovering from a difficult medical situation.
Apollo Munich Health Insurance Premium Calculator
For individuals, who want to know their premium amount and compare the plans, one can go for Apollo Munich Health Insurance Premium Calculator. This calculator helps in planning expected and unexpected financial expenses systematically. One can easily repay the premium amount knowing their financial capability through premium calculator.
Apollo Munich Health Insurance Premium Calculator can be used for three different categories, they are Standard, Exclusive and Premium. For calculating the premium, individuals can visit the website of Apollo Munich and enter the details.
Following are the details required to get premium amount:
- Mobile Number
- City Name
- Individual’sAge and Amount of Cover needed
- Critical Illness Cover
Note: Individuals can also choose other members from the family to get insured like – Wife, Husband, Son, Daughter, Mother-in-law and Father-in-Law.
Factors determining premium in a premium calculator
- Individual’s Age
- Individual’s amount of life cover
- Individual’s amount of Critical Illness Cover
Below mentioned examples can help better understand the calculation of the premium.
Example 1: If a 26-year-old individual chooses a cover amount of Rs. 7.5 lakh with critical illness cover of Rs. 3.5 lakh, the premium amount calculated is Rs. 9,047 annually for Standard category, Rs. 10,910 annually for Exclusive category and Rs. 13,391 annually for Premium category.
Example 2: If a 55-year-old individual chooses a cover amount of Rs. 7.5 lakh with critical illness cover of Rs. 3.5 lakh, the premium amount would be Rs. 24,090 annually for Standard category, Rs. 28,536 annually for Exclusive category and Rs. 33,992 annually for Premium category.
With the above given example, it can be concluded that premium amount increases with the increase in age and vice-versa. Cover amount as well critical illness cover also affect the premium amount to. When you use the Apollo Munich Health Insurance premium calculator, always understand that the given value is an approximate amount. Your actual insurance premium will be different since it will be calculated based on your specific profile.
The health insurance plans by Apollo Munich are provided keeping in mind all types of Mediclaim requirements of different customers. Apollo Munich Mediclaim has other specialized plans also like Optima Vital, Energy Plan, Maxima Plan, and Dengue Care Plan. All these plans are for customers with specialized requirements, but the major plans for generic requirements are explained above.
Q1. Is it viable to buy health insurance at a young age?
Ans. In the current times, there has been a gradual rise in health risks and hence, purchasing a health insurance at an early age is advisable.
Q2. Are all the health care expenses covered?
Ans. No, there are certain exclusions depending upon the plan that you go for. It is advised to go through the inclusions and exclusions properly before you make a purchase.
Q3. Are the premiums of health insurance plans fixed?
Ans. No, the medical insurance premiums are directly affected by medical inflation and can change with changes in the same.
Q4. Should the prevailing medical issues be stated at the time of purchase?
Ans. Yes, all the prevailing medical issues have to be well stated at the time of policy purchase.
Reference Source: https://buy.apollomunichinsurance.com/individual_health.html