How Much Does A Health Insurance Cost in India?

Written by : Knowledge Centre Team

2026-07-30

949 Views

5 minutes read

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What is the Cost of Health Insurance Policy?

The cost of health insurance depends on the number of members you have included in the insurance policy, eldest member, sum assured and the type of plan selected. You can calculate through an online health insurance cost calculator. The cost of a health insurance plan varies according to the Insurance company. Most of the health insurance premium calculators provide approximate results.

The private health insurance cost varies according to the sum assured, chosen policy and type of policy (mediclaim for any specific ailment). Generally, the cost of a simple mediclaim of Rs 1 crore is ₹ 10,000 to ₹ 20,000 per year for 30 years.

A health insurance premium calculator acts as a tool that calculates a policyholder's premium to be paid to the insurance company on buying a new mediclaim or renewing the existing health insurance policy. However, estimating the premium manually is a tedious job, and there are chances of mistakes. Therefore, insurance companies motivate health insurance cost calculators to avoid mistakes and gain timely results.

Disclaimer - This article is issued in the general public interest and meant for general information purposes only. The views expressed in this blog are solely those of the writer and do not necessarily reflect the official policy or position of Canara HSBC Life Insurance Company Limited or any affiliated entity. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the blog or the information, products, services, or related graphics contained in the blog for any purpose. Any reliance you place on such information is therefore strictly at your own risk. You should consult with a qualified professional regarding your specific circumstances before taking any action based on the content provided herein.