Health Insurance Policy

Health Insurance Calculator

Health Insurance Policy

Before the Internet took over our lives, the traditional insurance-buying process involved meeting agents, visiting offices, going through numerous brochures to find the most suitable health insurance policy at the best price and so on and so forth. But new-age technology and connectivity tools today have changed the way insurance products are sold across the world, with a classic example being the Health Insurance Premium Calculator.

The online Health Insurance Premium Calculator is essentially an online tool that not only helps you calculates the ideal sum insured for you and your family, but also compiles a list of suitable health insurance plans along with their respective features and premium amount. This helps you in making an informed choice without leaving the comfort of your homes.

Benefits of Health Insurance Calculator

Trying to find a health insurance policy that’s best suited for your requirements without having to pay a hefty premium is a challenge. Reading policy documents and understanding how one policy differs from another can also be tricky. That’s when the health insurance calculator comes to your rescue. The following are some of its key benefits:

  • (1) Health insurance premium calculator lets you estimate the premium you’ll have to pay for a health insurance policy before you buy it.

  • (2) You can compare various similar-looking plans offered by Liberty General Insurance, understand the difference in their features and then choose the best value-for-money product. For instance, Liberty General Insurance offers a ‘Health Connect Policy’ and a ‘Secure Health Connect Policy’. Both policies can be availed by individuals, and by families. The calculator would help you understand the differences within individual policies based on different sum insured, with key features, and illustrating the difference in premium for the coverage

  • (3) You can also get information on the cost of optional add-ons and benefits in advance and decide whether you want to opt for them.

  • (4) You can compare the difference in the cost of individual and family floater plans and widen your coverage, so that you can get the most value out of your money spent on premiums.

  • (5) The health insurance calculator essentially allows you to estimate the savings you can make in the long term.

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Why Liberty General Insurance

Health insurance plans at Liberty General Insurance (LGI) are consumer-centric products that address specific needs of the customers.
In fact, the online health insurance plans sold by the insurer are among the best insurance plans in India and provide you extensive coverage in terms of medical expenses.
Liberty General Insurance has a huge network of more than 5,000 partner hospitals spanning across the country, helping you receive the required healthcare assistance anywhere in India.
The insurer has a 94% claim-settlement ratio for fiscal year 2019-20, which is amongst the best in the industry.

How To Use Health Insurance Premium Calculator?

It is very easy to use the health insurance premium calculator and estimate the premium amount prior to purchasing a health policy. Just follow the steps mentioned below:

  • 1) Enter your name and other required details like age, gender, contact number, pre-existing medical diseases, etc
  • 2) Mention whether you want an individual policy or a family floater policy, or any other health insurance plan offered by Liberty General Insurance
  • 3) When buying family floater plans, mention the number of family members and their details like relation with policyholder, gender and age, etc. This helps Liberty Insurance in understanding your requirements while estimating its own risks.
  • 4) Choose the amount of sum insured you want after evaluating your requirements.

After you have entered all these details, you will get a list of all the possible policy plans you can buy along with their respective details. These details would include the premium amount, coverage and other features.
You can compare these plans and choose the one that provides you the best coverage for the premium you are paying.

Factors Affecting Health Insurance Premium

Understanding features and benefits of a health policy is generally easy. The difficult part is estimating the premium you would be paying for those benefits as that varies from person to person.
Before you decide to purchase any policy, Liberty General Insurance would inform you about the premium you would be expected to pay every year for availing the benefits of that policy. Here’s a look at some of the key factors that affect the amount of health insurance premium:

(1) Age :- Your age is the first and the most crucial factor that affects the insurance premiums you have to pay. Generally, you are healthier when you are younger, say in your twenties or thirties, than in your forties, and later in life. If you buy insurance when you are in your 20s or 30s, you end up paying a considerably lower premium, than if you buy when you are older. This is also because, filing a claim are lower when you are younger, and they increase as you begin to age. Also, age brings with it new morbidities, which further enhance your chances of filing a claim.

(2) Personal health history :- Liberty General Insurance may conduct medical check-ups before issuing health insurance policies in some cases, based on the sum insured and the age of the person. But, in any case, it would take into account a person’s health, his/her family medical history, congenital disorders, personal habits such as drinking, smoking etc., at the time of fixing health insurance premiums.
Applicants with pre-existing ailments, tobacco users, smokers, etc., would be at a higher risk and would more likely file a claim in comparison to someone who does not have any medical issue or is a non-smoker, etc. So, premiums may increase significantly in such cases.

(3) Claim-free years :- Your insurance premium amounts would not change based on whether or not you have filed claims over the past few years. Your premium would only increase as you age and cross-over into a new age bracket. Typically, if you do not file any insurance claim in a given year, depending on the product, Liberty General Insurance will increase your basic sums insured by 10% for each claim free year, for up to 10 consecutive years, where your sum assured can increase to 100%. For instance, if you bought a policy with a sum assured of Rs. 300,000 in 2016 and filed no claims until 2027, your sum assured would increase to Rs. 600,000, while your premium would remain the same.However, this also contingent on you remaining in the same age bracket during that time.
However, it should be noted that, as you begin to age, your premiums will also keep increasing steadily, as per a predefined age bracket set by LGI. For example, you may end up paying the same premium between the ages of 40-45, and your premium will increase when you enter the next age bracket (even if you have not filed any claims), and so on.

(4) Coverage :- Higher the coverage – either in terms of sum insured or in terms of the number of benefits covered, higher would be the premium amount. Also, the premium increases if your health insurance plan includes your immediate family members like your spouse, children or parents.


Types of Health Insurance

At Liberty General Insurance, we have a range of health insurance plans to cater to different needs and health requirements and other kinds of health emergencies that may arise. Here are our plans:

Liberty Health Connect Policy

Liberty Health connect policies have four schemes that offer optimum health coverage at an affordable price.While the plans mainly differ in

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Janta Personal Accident Insurance Policy

This policy provides financial support to surviving family members in the event of the insured person's accidental death.This policy's primary intent has been

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Health Connect Supra

Your existing health insurance may not be adequate to cover the rising cost of medical treatments and procedures. Many experts have said that most people in the country are underinsured. Health Connect Supra has been crafted to provide

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Individual Personal Accident

Accidents, by their very nature, are unpredictable. They can occur anytime and anywhere, without a moment's notice. For such untoward situations, you and your family must have a personal accident cover This type of cover ensures that you and your

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Secure Health Connect

An illness or surgery affects the family as a whole. Health Insurance should no longer just be limited to a few family members or the family's earning members. Secure Health Connect Policy ensures that the entire family is protected by offering all the features

Know More

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Frequently Asked Questions

Q.1. Is it mandatory to have health insurance in India?

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A) Buying health insurance is not mandatory for Indian citizens as per law. But given the current environment, when disease prevalence in Indian population is on a rise and healthcare costs are running extremely high, it is highly recommended to have health insurance in order to protect you and your family from financial burden in times of medical emergencies.

Q.2. Should I still buy a health policy if I already have one from my employer?

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A) It is important to know that your employers cover your medical expenses only as long as you are in their services. As soon as you quit or retire, the policy ceases to exist and you are left with no medical cover if you don’t have any personal health insurance policy. Also, the health insurance plan by your employer may not provide you and your family adequate cover, and you will have to bear the costs exceeding the sums insured. So, it is advisable that you invest in your own health insurance plan, so that you are always covered. Insure you buy an adequate personal health insurance plan with a high sum assured.

Q.3. Is the premium exempted from Income Tax?

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A) Yes, the premium paid for health insurance policies qualifies for deduction under Section 80D of the Income Tax Act.

  • An amount of up to Rs 25,000 of premium paid for self, spouse and children are exempted.
  • Additional deduction of Rs 25,000 for covering parents is allowed if they are under the age of 60 years.
  • If parents are Senior Citizens, aged 60 years and above, you can claim deductions of up to Rs.50,000.
  • If you are above 60 years and paying the insurance premiums of your parents, you can claim annual deductions of up to Rs.100,000 against health insurance premiums

Q.4 What kind of health policies are offered by Liberty Insurance?

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A) Liberty General Insurance offers you a bouquet of health insurance policies. You can choose from individual health policies, family floater health insurance plans, policies with additional financial covers over the existing sums insured, and comprehensive health insurance plans covering a wide range of treatments, including hospitalisation, day care and OPD. You can also buy benefit based plans such as, Individual Personal Accident & Critical Connect, wherein lumpsum amount will be paid on occurrence of covered event. Here are some of the best policies we offer:

1) Liberty Health Connect Policy:- This policy is designed to provide for all your healthcare and hospitalization needs.
2) Health Connect Supra:- This acts as an top-up to your existing basic personal or family health insurance. It offers financial cover over and above the basic sum assured in your policy.
3) Secure Health Connect:- This plan is one of the primary base plans available that provides higher sum insured and wider protection and safety to your family members as well, should they be covered.

Q.5.What is a cashless facility and is it available across all hospitals?

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A) Cashless facility allows the policyholders to get hospitalized, get the relevant treatment and be discharged without having to pay directly to the hospital. Liberty General Insurance will take care of the entire admissible amount for the medical expenses incurred subject to the sum insured. Though, you might have to pay for some non-medical expenses or expenses that are not covered under the policy.
Note that Liberty General Insurance provides cashless facilities only at the hospitals which are in its network. You can simply visit the Health 360 Network Hospitals Locator Page on our website and input the name of your state, city, and Pin code to check the hospitals where you can seek cashless treatment.

Q.6.What is the maximum number of claims allowed during a policy year?

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A) Policyholders can make any number of claims during the health insurance policy period unless a specific cap is prescribed in any of the policies. However, the sum insured under the health insurance plan is the maximum amount you can claim.

Q.7. Can I purchase the Liberty health insurance policy online?

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A) You can purchase Liberty General health insurance plans online through its website if you are comfortable. However, in some cases, (e.g., if you have any pre-existing illnesses) you may be required to complete some verification formalities. This may take a few days. Once the verification process is completed and you have accepted the terms of the proposal, we will send you the soft copy of your policy on your registered E-mail address, and notify you on your registered mobile number (RMN). Note that when you buy health insurance online, you get additional benefits like generation of health insurance policy documents instantly, opportunity to customise the policy (within specified limits),etc

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Why Health Insurance

Listen to Our Customers

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Thanks Mr. Kaushal and Mr. Rajesh Portability for Mr. Rohit's son is accepted by Health Insurance Underwriting Team. This is a lovely example of ''OUT OF THE BOX'' thinking at LGI as Dr. Liji has physically examined the boy after discussing the matter with Dr. Asha and Hemlata madam instead of compelling him to go for X-Ray/MRI.​​ Parents of the boy appreciated the way proposal was tackled as parents and the consulting doctor were not of the opinion of taking X-Ray/MRI of the young boy, as he was fit post hospitalization. Thanks to Underwriting Team for thinking differently.

Priyanka Popat
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Thanks Mr. Kaushal and Mr. Rajesh Portability for Mr. Rohit's son is accepted by Health Insurance Underwriting Team. This is a lovely example of ''OUT OF THE BOX'' thinking at LGI as Dr. Liji has physically examined the boy after discussing the matter with Dr. Asha and Hemlata madam instead of compelling him to go for X-Ray/MRI.​​ Parents of the boy appreciated the way proposal was tackled as parents and the consulting doctor were not of the opinion of taking X-Ray/MRI of the young boy, as he was fit post hospitalization. Thanks to Underwriting Team for thinking differently.

Priyanka Popat

Health Insurance Reviews

Average RatingBased on 35 Ratings

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Ankur Sir

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07/07/2018 10:51:28 AM
Category: General Insurance

Liberty General Insurance offers the best health insurance in India. The plans available with the company are so many...

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Prabhunath Bisht

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08/07/2018 10:51:28 AM
Category: General Insurance

If you are looking for the best health insurance plans in India, I suggest you go for Liberty General Insurance ...

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Arvind Chaudhary

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10/07/2018 10:51:28 AM
Category: General Insurance

Liberty offers the best health insurance policy in the market in terms of coverage. I did a very thorough...

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Balesh Singh

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12/07/2018 10:51:28 AM
Category: General Insurance

I was looking for a health policy that would provide coverage for at least 2 years, so that I wouldn’t have to renew...

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Deepika Dass

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13/07/2018 10:51:28 AM
Category: General Insurance

I wanted an extra health insurance plan, as the insurance cover from my employer wasn’t enough. I looked at a...

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Dilip Dubey

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14/07/2018 10:51:28 AM
Category: General Insurance

Motor insurance covers several type of vehicle including two, three, and four wheelers. Typical Motor Insurance Policies...

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Registration Number: 150 | ARN:Advt/2018/March/26 | CIN: U66000MH2010PLC209656

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