Purchasing a health insurance plan should be done with great caution. You should understand all the aspects like premium related to the plan in order to get the best deal. A trusted name in the health insurance market is Max Bupa Health Insurance. It is a joint venture of UK-based healthcare organization Bupa and Max India Limited. The company has been providing the services for almost 60 years now. Max Bupa Premium Calculator is an important tool to be used before purchasing a Max Bupa health insurance plan.
The company provides coverage to both individuals and families for a wide range of health issues. However, one should know the premium to be paid for each policy considering the fact that the premium differs from case to case. This is where Max Bupa Premium Calculator will be used to calculate the premium of these services before deciding about the plan to be purchased. Let us understand Max Bupa Premium Calculator and ways to use it.
What is a Premium Calculator?
Premium calculator is an online tool that enables you to calculate the premium of the policy you are interested in. It also tells you the exact coverage provided by the company under a policy so that you know what you are paying for. This way you can know the financial aspects involved in the policy that will guide you in deciding the policy to be chosen.
How can you use the Max Bupa Premium Calculator?
It is easy to use a Max Bupa Premium Calculator that can be accessed easily online (Max Bupa Web Page). Thereafter, you are required to fill the form and the details provided by you will inform about the premium details. The information to be filled in the calculator form are:
- Amount of Sum Assured (In Lakh)
- Number of individuals and children to be covered
- Date of birth of the eldest insured member
- City of residence
- Contact number
- Email address
- Your name
- Policy tenure you wish to get insured for
Entering all this information will allow the calculator to compute the premium to be paid by you and the coverage provided in exchange. With this simple process, you can know how much you have to pay to get yourself insured.
Also Check: Max Bupa Health Companion Family Floater
Benefits of Using Premium Calculator
The health insurance policies have a complicated structure. They can be easily misunderstood by a layman if any of the conditions are ignored. You could end up paying extra premium for the type of insurance that you don’t even need. Using a premium calculator can help you in the following ways:
1. Clarity on premium
You will get an estimation or an idea about the premium in advance that you have to pay against a particular coverage. There are many aspects that can affect the premium amount like riders. Thus, using a calculator will give a clear idea of what you are looking at. Coverage vs. Cost
No two policy is the same. Each is different in terms of coverage and riders and premium. It is important to understand these aspects when it comes to health insurance as every person has a different health issue to be taken care of. Even the additional covers affect the premium amount. Thus you can gauge the benefits against your requirements if you use Max Bupa Premium Calculator.
2. Decision Making Becomes Easy
Having to visit the insurance office or agents makes the procedure very difficult and unapproachable especially in today’s busy lifestyle. So, you are getting the advantage of doing all this research of knowing how much you are paying for the policies from the comfort of your home. Moreover, using a calculator can help you know the exact financial consequences of your decisions.
The use of an online calculator for making a purchase for an insurance policy is rising largely all over the country. This is mainly due to the benefits of using a calculator and increasing access to the internet in India. The rising trend of browsing online for products has also led to an increase in the popularity of this online tool. You can be aware of your investments and weigh it with the expected benefits that you can yield. This way you will be able to make a smart investment and maximize your benefits thereafter.
FAQs
Q1. How can I buy a health insurance policy from Max Bupa?
Ans. You can purchase any policy online or consult the branch office of Max Bupa. You can also call their customer care number for any queries related to the purchase.
Q2. What are the duration in health insurance policies?
Ans. The duration range from one to two to three years; they can also vary from policy to policy.
Q3. How can I access the premium calculator?
Ans. You can access it on the website of Max Bupa Health Insurance.
Q4. What is a premium calculator?
Ans. It is an online tool designed to calculate the premium for the policy you want to buy based on details and requirements of a person.
Q5. Is premium calculator a reliable tool?
Ans. Yes. All the insurers and some third-party websites provide these tools.
Q6. Is it required to get a medical checkup done for the policy?
Ans. Yes, it is mandatory for getting a new policy. They are, however, not required at the time of renewal. If you get a medical checkup done before purchasing policy and are honest about your medical status, it becomes easy for the insurer to provide you with quality services.