Icici Lombard Complete Health Insurance Premium Calculator
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Reviewed by Calculator Editorial Team
Health insurance is a crucial financial protection that helps cover medical expenses. ICICI Lombard offers comprehensive health insurance plans with various coverage options. Use this calculator to estimate your premium based on your age, sum insured, and other factors.
How to Use This Calculator
To calculate your ICICI Lombard Complete Health Insurance premium:
- Enter your age in years
- Select your gender
- Choose your sum insured amount
- Select your plan type (individual or family)
- Click "Calculate Premium"
The calculator will display your estimated monthly premium based on the inputs provided. Remember that actual premiums may vary based on additional factors not included in this calculation.
Formula Used
The premium calculation is based on the following formula:
Premium Calculation Formula
Premium = (Sum Insured × Age Factor × Gender Factor × Plan Factor) / 12
Where:
- Age Factor = 1 + (Age / 100)
- Gender Factor = 1.1 for male, 1.0 for female
- Plan Factor = 1.2 for family, 1.0 for individual
This is a simplified formula for illustrative purposes. Actual premiums are determined by complex actuarial calculations and may differ from this estimate.
Worked Example
Let's calculate the premium for a 35-year-old male with a sum insured of ₹5,00,000 for an individual plan:
Example Calculation
Age Factor = 1 + (35 / 100) = 1.35
Gender Factor = 1.1 (male)
Plan Factor = 1.0 (individual)
Premium = (500000 × 1.35 × 1.1 × 1.0) / 12
Premium = ₹54,375 per year
Monthly Premium = ₹4,531.25
This example shows an estimated monthly premium of ₹4,531.25. Actual premiums may vary based on additional factors.
Plan Comparison
Compare different ICICI Lombard Complete Health Insurance plans based on coverage and premium:
| Plan Type | Sum Insured | Estimated Monthly Premium | Key Features |
|---|---|---|---|
| Basic | ₹2,00,000 | ₹1,200 - ₹1,800 | Hospitalization, pre-hospitalization, post-hospitalization |
| Standard | ₹5,00,000 | ₹2,500 - ₹3,500 | Basic + critical illness, maternity, daycare |
| Premium | ₹10,00,000 | ₹4,000 - ₹6,000 | Standard + dental, optical, wellness programs |
Note: These are estimated premiums and actual rates may vary based on individual health status and other factors.
Frequently Asked Questions
This calculator provides an estimate based on general factors. For precise quotes, contact ICICI Lombard directly or use their official quote tools. Actual premiums may vary based on your specific health profile and other underwriting factors.
Several factors influence your premium, including age, gender, sum insured, plan type, pre-existing conditions, occupation, and lifestyle habits. The calculator uses some of these factors to provide an estimate.
Yes, you may qualify for discounts through ICICI Lombard's loyalty programs, group health insurance, or by bundling with other insurance products. Contact ICICI Lombard for specific discount options available to you.