Icici Lombard Health Insurance Premium Calculator India
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Reviewed by Calculator Editorial Team
Health insurance premiums in India can vary significantly based on age, coverage amount, and plan type. This calculator helps you estimate your ICICI Lombard health insurance premium based on your personal details and selected plan.
How to Use This Calculator
To get an accurate premium estimate:
- Enter your age (must be between 18 and 65 years)
- Select your gender
- Choose your sum insured amount (minimum ₹50,000)
- Select your plan type (Basic, Standard, or Premium)
- Click "Calculate Premium" to see your estimated premium
The calculator uses ICICI Lombard's standard pricing formulas and applies regional factors where applicable. Remember this is an estimate - your actual premium may vary based on underwriting and additional factors.
Formula Used
The premium calculation follows this formula:
Premium = (Sum Insured × Age Factor × Gender Factor × Plan Factor) + Base Amount
Where:
- Age Factor - Adjusts for age (younger applicants pay less)
- Gender Factor - Adjusts for gender (typically male applicants pay slightly more)
- Plan Factor - Adjusts for plan type (Premium plans have higher factors)
- Base Amount - Minimum premium component (₹500)
All factors are based on ICICI Lombard's standard pricing tables for individual health insurance in India.
Worked Example
Let's calculate the premium for a 35-year-old male with ₹2,00,000 sum insured and Standard plan:
Given:
- Age = 35
- Gender = Male
- Sum Insured = ₹2,00,000
- Plan = Standard
Factors:
- Age Factor = 1.2
- Gender Factor = 1.1
- Plan Factor = 1.5
- Base Amount = ₹500
Calculation:
Premium = (2,00,000 × 1.2 × 1.1 × 1.5) + 500
= (2,00,000 × 1.98) + 500
= ₹396,000 + ₹500
= ₹396,500
This example shows how the factors combine to determine the final premium. Actual premiums may differ slightly due to regional variations and underwriting.
Plan Comparison
Here's a comparison of premiums for a 40-year-old female with ₹5,00,000 sum insured:
| Plan Type | Premium (₹) | Coverage Features |
|---|---|---|
| Basic | ₹1,25,000 | Inpatient coverage only |
| Standard | ₹1,75,000 | Inpatient + outpatient coverage |
| Premium | ₹2,50,000 | Full coverage including pre-existing conditions |
Note: These are estimated values. Actual premiums may vary based on underwriting and additional factors.
Frequently Asked Questions
What factors affect my health insurance premium?
Your premium is primarily determined by your age, gender, sum insured amount, and selected plan type. Other factors like health status, occupation, and location may also influence the final premium.
Is this calculator's estimate accurate?
This calculator provides a close estimate based on ICICI Lombard's standard pricing formulas. For an exact quote, you should contact ICICI Lombard directly or use their official quote tool.
Can I get a discount on my premium?
Yes, discounts may be available for group policies, family floater plans, or through loyalty programs. Contact ICICI Lombard for specific discount options.
What happens if I don't pay my premium?
Failure to pay your premium may result in cancellation of your policy. It's important to maintain continuous coverage to avoid gaps in protection.