Having adequate health insurance is crucial for financial planning, especially in cities like Mysore, where quality healthcare can be expensive. A health insurance plan with high coverage, such as 1 crore, becomes essential to hedge against rising medical costs. This is where using a premium calculator helps you plan your finances better.
Why Do You Need Health Insurance?
Falling ill can happen to anyone and at any time. From a viral fever to a broken bone to something more like cancer, health issues may require hospitalisation and treatment. The costs can burn a hole in your pocket without adequate financial backup.
Moreover, the COVID pandemic revealed that even people with savings ended up using their insurance for treatment. This highlights the importance of having health insurance.
Health insurance covers your medical expenses in case you get hospitalised. It pays for doctor/surgeon fees, medicines, room charges, diagnostic tests and more. Hence, it protects you and your family from paying high bills out of your pocket.
Why You May Need 1 Crore Health Cover in Mysore
The healthcare infrastructure in Mysore has seen major upgrades in recent years. Multi- and super-specialty hospitals have been built and equipped with advanced technologies and treatment facilities.
However, quality healthcare comes at a price. Treatment for critical illnesses like cancer, heart disease, neurological issues or transplant surgeries can cost between Rs. 10-30 lakhs on average. Hence, having 1 crore health insurance coverage acts as a prudent buffer for the residents of Mysore.
How Does a Health Insurance Premium Calculator Help?
A health insurance premium calculator is an online tool offered by insurance providers like ACKO. It helps estimate the approximate premium you’ll have to pay to buy a policy that fits your needs.
The premium amount for a health plan depends on many factors:
● Your age
● Location
● Coverage amount (sum insured)
● Policy tenure
● Add-ons/riders chosen
● Pre-existing health conditions, etc.
The premium calculator takes all these parameters as input and provides the tentative premium as output. This gives clarity on the policy costs even before buying it.
For instance, you can use the calculator to get quotes for 1 crore health cover for different age groups or combinations of add-ons. This allows comparison and helps you choose an optimal health plan that matches your budget.
How to Use a Health Insurance Premium Calculator?
Using an online premium calculator to determine health insurance costs is quite simple. Follow these steps:
- Visit the insurance provider’s website: Go to the health insurance page of insurance companies like ACKO. Look for the “check price” or “view quote” options.
- Fill out the online form: To generate leads, the form will ask for basic details like name, mobile number, email ID, etc.
- Select inputs: The key inputs the calculator will ask are:
● Your age (or age band for family floater plans)
● Location (city of residence)
● Sum insured amount (1 crore or less)
- View premium quotes: Based on the inputs selected, the calculator provides quotes from various health insurers. This includes the premium of 1 crore covered by ACKO.
- Compare and choose: You can tweak inputs to compare premiums across sum insured amounts, tenures, etc. This helps you analyse options and choose a suitable health plan that matches your needs and budget.
Conclusion
Hence, buying the 1 crore health plan from ACKO aptly secures you and your family from financial crisis due to medical emergencies. Use the ACKO calculator today for premium quotes that meet your needs and make an informed purchase decision. Insure you and your family’s health today!
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