Health insurance is one among the essentials required in today’s world. It also plays a key role in financial planning. Health insurances are beneficial as they have proven to be a major help during medical emergencies. But still there are some people who consider health insurance is either too expensive or unnecessary. But, health insurance plans in India are available at a wide range of costs and can fit your budget.
Here we have listed the average cost per month for health insurance to help you get a clear view on the approximate amount.
Average premium costs for a cover of Rs 20 lakhs for non-smokers with no pre-existing diseases
|
Age |
Annual Premium (Rs.) |
|
35 |
10,829 -16,638 |
|
45 |
13,798 -24,307 |
|
55 |
24,185 -46,727 |
|
65 |
37,183 -70,799 |
Average cost for regular health policies and top-ups
Premiums for a cover for non-smoker, with no pre-existing diseases. Base cover is Rs 5 lakh and top-up cover is Rs 15 lakh.
|
Age |
Annual premiums for regular plans (Rs) |
Annual premiums for top-ups (Rs) |
|
35 |
5,288-9,734 |
1,298-5,548 |
|
45 |
6,525-12,339 |
1,558-7,498 |
|
55 |
11,142-20,895 |
3,090-12,698 |
|
65 |
17,522-40,223 |
7,674-23,345 |
As you can see from these tables, the cost of premium increases with age. So, we highly recommend that you take health insurance as early as possible, to reduce the overall costs.