Health Insurance is a contract between a health insurer and its clients, where a former makes sure that later gets the medical protection on happening of certain event or for health risks, as per the health insurance plan purchased by an insured. In order to avail this medical coverage, a policy holder has to pay a certain sum of money, called premium and then, he/she can take advantage of the plan’s benefits.
The amount, once paid, remains valid for certain time period, which can be one or two year as per the norms of the company. After this time period, the policy is to be renewed so that an insured can enjoy the benefits of the same for the extended time period.
Health insurance premium can vary from company to company and from plan to plan. It depends upon several parameters such as client’s age, health status and critical illness.
Some health insurers use premium charts while some use online premium calculator, which is easily available on their website so that interested individuals can themselves calculate their premium and can chose the plan, as per their budget.
Apollo Munich’s online premium calculator works remarkably well.
IPA--Individual Personal Accident Insurance Plan, brought by Apollo Munich, is the best-in-class accident insurance plan in India.
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