Health Insurance Calculator UAE

Calculate Your Health Insurance Premium Online

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HEALTH INSURANCE
AED 1 million Health cover starting @4/Day
Selecting health insurance for
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  • Domestic Workers
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Health insurance calculators make for an important tool when you start searching for plans to cover your health insurance needs. These calculators help you easily compare and contrast different health insurance plans, calculate the cost of coverage, and estimate the amount of out-of-pocket expenses that would be associated with a particular plan. 

Health insurance calculators are easy to use and can provide a great deal of information in a short amount of time. Through this article, you will get an overview of the health insurance calculator UAE and the related details such as how to calculate insurance premiums, factors affecting health insurance premiums, and others. 

 

The above plans and premiums are for AED 1,000,000 Sum insured for 1 Adult of 30 Years for Dubai city.

Details Required for Calculating Health Insurance Cost

health insurance calculators UAE allow you to compare plans and understand the differences based on the premiums, co-pays, deductibles, and more. To use them to assess premiums for health insurance, the following details would be required - 

  • Personal details such as your name, gender, age, city, and others (as per the provider’s requirement)
  • Your lifestyle habits - whether you drink and/or smoke and others
  • Your medical history - chronic health conditions such as diabetes
  • Health insurance policy type and insurance tenure 

How Can I Calculate My Health Insurance Premium?

Determining the estimated health insurance premiums with these calculators is quite easy. You can visit the website of an insurance provider of your choice and look for its health insurance calculator. You can then enter the requested details and wait for a few seconds to get your results. 

It must be noted that you can even change and enter new values to find the premiums for different plans, which can help you select a particular one as per your budget. This tool is completely free and gives you automated results instantly. 

Benefits of Health Insurance Calculators in UAE

If you are wondering why it is essential to utilise the health insurance calculator in the UAE, have a look at their major benefits in this section - 

  • By calculating the premium for multiple health insurance plans, you can compare the top plans and select the most suitable one as per your budget, coverage requirements, and so on.
  • With the help of a health insurance premium calculator, you can make sure that your premium does not go out of your budget. Additionally, by being aware of the premium amount beforehand, you can easily adjust your monthly budget to accommodate this new expense. 
  • Estimating health insurance premiums manually can be a complex task as you would have to take multiple factors into consideration. You may even end up getting wrong results if there is a single error in the calculation process. 
    By using online health insurance premium calculators, you can easily save time and avoid the challenge of manual calculations. Moreover, these calculators provide accurate results as they are automated. 
  • Health insurance calculators are especially beneficial for those who are considering changing their coverage or who are shopping for their first health insurance policy.

Factors Affecting Health Insurance Premiums

In this section, we will cover the factors that are considered by insurance companies to determine premiums for your health insurance plan - 

Medical History

When deciding your health insurance premium, insurance providers consider your pre-medical screening, medical history, current health conditions, family health background, lifestyle-related habits, and more. 

A medical exam may not be necessary for some plans, but some aspects such as your present health condition and your family’s medical background are considered by insurance companies. Generally, you can expect a high premium if you have any major health issues or lifestyle habits. For instance, if you smoke, you will be charged a considerably higher premium than non-smokers. 

Age

Age is a crucial factor when determining health insurance premiums. As old people are generally more likely to suffer from serious medical conditions and require more coverage compared to younger individuals, senior citizens typically pay more for their health insurance than the latter. 

Policy Term

As a general rule, the cost of a short-term health insurance policy will be higher than that of a plan for the long term. 

Deductible and Copay

A deductible is a set sum that the insured individual is required to pay before the insurance plan starts to pay out. A higher deductible or copay means a lower premium, while a lower deductible means a higher premium. 

Extent of Cover

The extent of coverage that you want in your health insurance also affects the premium. For instance, if you want a higher level of coverage such as hospitalisation, surgery, and prescription drug coverage, you will pay a higher amount than what you would have for a plan with basic coverage. 

No-Claim Bonus

The No Claim Bonus (NCB) is simply a discount applied to your health insurance premium for every year that you have not made a claim. If you are eligible for NCB, your premium will be lowered. 

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How to Reduce Health Insurance Premiums?

Here are some of the top tricks you can use to reduce your health insurance premium -  

Buy a Health Insurance Policy at a Younger Age

With an increase in age, you may become more prone to health risks and chronic diseases. For this reason, insurance companies tend to charge high health insurance premiums for old individuals. Thus, it is always recommended to get yourself secured with health insurance at an early age, as you would be able to enjoy maximum benefits at affordable rates. 

Opt for Riders Wisely

Add-on plans can cover you for services that your basic plan does not cover such as vision or dental care, which can help reduce the cost of out-of-pocket expenses. At the same time, adding too many add-ons or riders to your plan can increase the costs associated with your plan. 

To reduce your health insurance premium, you can first research the add-ons and check which ones suit your needs. By avoiding the ones that are not relevant to your requirements, you can bring down the premium amount significantly.

Select Top-Up Health Insurance Plans

Top-up plans are a type of health insurance plan that provide additional coverage beyond the basic plan. So when an insured person incurs any medical expenses that exceed the basic plan coverage, the top-up plan will pay the additional amount. As the cost of top-up plans is generally lower than standard plans, you can have the premium costs reduced without compromising the coverage. 

Compare Plans from Various Health Insurance Providers

Comparing health insurance plans is another way to get yourself secured at affordable prices. When you compare multiple plans, you can find various plans that fulfil your health insurance requirements at low premiums. 

You can compare the best health insurance plans based on your requirements, coverage, and premiums in one place on policybazaar.ae. Continue on the website and head to the ‘health insurance’ section to get started. 

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Select a Higher Deductible

A higher deductible can help reduce health insurance premiums by shifting more of the financial responsibility for medical costs to the policyholder. As this reduces the insurance company's risk, the latter may charge a lower premium. 

Note: While considering the tips discussed above to reduce health insurance premiums, make sure that you choose comprehensive health insurance and don’t compromise with coverage. 

You can certainly save on the premium cost by getting a plan with low coverage. However, if you face any medical issue and make a claim, you may have to pay a high amount from your own pocket. In case the treatment costs are high, this would bring heavy expenses that can easily exceed the savings made on the premium. 

Policybazaar UAE: Helping you navigate the wilderness of insurance world!

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