Health Calculator: Decide the health insurance needs based on various factors

The urban lifestyle has led to changes in food and sleep habits, reduced physical activity, and other unhealthy practices. This unhealthy lifestyle has increased the possibility of suffering from different health issues like diabetes, heart diseases, blood pressure problems, etc. Regular check-ups, medications, treatments, and surgeries for such diseases can definitely burn a hole in your pocket. The only way to manage hospital expenses is by getting covered under an adequate health insurance plan. A health insurance plan offers coverage against the ambulance, medication, regular check-up, pre and post hospitalization expenses up to the amount of sum assured.

We, at Safetree offer need-based insurance policies to meet the discerning requirements of the people. We believe “One for all” does not hold good in the case of insurance policies as the requirements and budget differ from person to person. To help our customers choose their ideal health insurance plan, we offer expert advice and a health calculator that helps to calculate the minimum amount of sum assured to be selected as per the requirements.

If you are planning to purchase a health insurance plan for you and your family, visit our online website or download the application from the play store. To know the minimum sum assured required to fulfill your needs, you can click on the health calculator option, fill in the details, and submit. The health calculator will consider the following factors to calculate the sum assured;

1. Eldest Age of Insurance: If you are purchasing the health insurance plan for the entire family, you should enter the age of the eldest member in this field. This helps in analyzing the health requirements and risks associated.
2. No. of Insured: Here, you need to enter the number of members you wish to include in the health insurance plan. If the coverage is required for more number of people, the sum assured will definitely increase.
3. Location: Your location plays a very important role in calculating the sum assured or the premium amount. The cost of medical care is high in metro cities when compared to the cost in rural or two-tier cities. Hence depending on the location, the sum assured increases or decreases.
4. Medical History: If your family has a medical history of severe diseases, surgeries, or treatments, it is likely to continue with other members of the family. Hence the details of your family’s medical history are considered.
5. Risk Category: The health risks associated with your family is very important. The risk levels are categorized into Averse, Neutral, and Gambler. You have to choose one amongst these depending on the risk associated with the health of your family.
6. Annual Income: This is to know your budget. Depending upon your annual income and above details, the calculator will suggest the appropriate amount of sum assured required for your health insurance plan.

Once you know the minimum amount of sum assured you should select, you will be able to plan your policy inclusions, and in turn, select an ideal plan as per your requirements and budget.

Various Insurance aggregator platforms also provide a facility to calculate the insurance premium for particular plans offered by various insurance providers of the country. The Health premium calculators work the same as our health calculator but health premium calculators provide the approximate amount of premium you will be paying for a certain plan. The health insurance premium calculator considers factors such as your age, your family medical history, risks associated with your family insurance, and the mortality rate of your family.

Benefits of Using a Health Calculator

You must be wondering why one should use this health calculator while you can easily talk to an insurance agent or purchase a plan online. Here are a few major benefits of using a Health Calculator;

• By using a health calculator you will have an estimation of the sum assured required to meet your requirements
• This helps you to select your ideal plan within your budget
• Once you know the estimation of sum assured, you can plan to add or delete additional riders accordingly
• The health calculator allows you to pick your plan of interest available within the range of minimum sum assured required
• There will be no influence on insurance agents. Most of the time, customers tend to pick less beneficial or higher than the required sum assured plans due to the influence of insurance brokers. This can be avoided by using a health calculator on your own.

Visit Safetree online website, explore a wide range of affordable and need-based insurance plans, calculate the minimum sum assured required to fulfill your needs, and then purchase an ideal health insurance plan for you and your family.