Health Insurance Calculator

Why the right sum insured matters

Health insurance is the one policy that protects your entire savings plan. A serious illness or accident can produce a hospital bill of several lakhs, and in a metro even a routine surgery can cross ₹3–5 lakh. Without adequate cover, that bill is paid from money earmarked for retirement, a home or your children — undoing years of disciplined saving in a single admission.

The challenge is that "adequate" is a moving target. What comfortably covers a hospitalisation today may be badly short in ten years, because healthcare costs in India rise faster than general inflation — often around 10% a year.

How this calculator sizes your cover

The tool builds your recommendation in three steps:

• It sets a base cover from your city tier, since treatment in metros costs far more than in smaller towns.
• It scales that base up for your family size, because a floater covering four people needs more headroom than a single-person policy.
• It then applies medical inflation over your planning horizon to show the cover you will actually need in future.

The gap between today's recommendation and the future figure is the part most families overlook.

Bridging the gap affordably

You do not need to buy a huge base policy on day one. A smarter, cheaper structure is a moderate base plan plus a super top-up. The base handles routine claims; the super top-up kicks in for large bills once total claims in a year cross a deductible. Together they reach the future cover figure at a fraction of the premium of one large policy.

Also look beyond the headline sum insured:

• No room-rent capping, so your full claim is paid regardless of room choice.
• Restore or recharge benefit, which refills the sum insured if it is exhausted mid-year.
• No-claim bonus, which grows your cover for every claim-free year.

Getting the most from your policy

Buy young — premiums are lower and you serve out the pre-existing-disease waiting period before you are likely to need it. Disclose every existing condition honestly, because a hidden ailment is the most common reason claims are rejected. Finally, remember the tax angle: premiums qualify for a deduction under Section 80D, up to ₹25,000 for your own family and an extra ₹50,000 if you insure senior-citizen parents. Reviewing your cover every few years keeps it aligned with both your family's needs and rising medical costs.