Factors that directly affects your family Health Insurance premium

The past few years have seen a considerable increase in the number of individuals who have acquired health insurance policies due to the increasing costs of medical care. More and more people are buying plans to protect their whole families from tackling an emergency. Insurance companies often undertake a detailed review of the health profile before accepting your application.

Comparing health insurance policies and choosing a suitable cover may be difficult when faced with the different alternatives available on the market today. On the other hand, insurers charge different rates for each client based on the risk profile, which the data in the proposal form would calculate. Let’s look at the numerous aspects that influence the cost of your health insurance plan:

Type of plan

Your premiums will also be different according to the kind of policy you choose to acquire. Since the insurance covers the whole family under the same amount insured, a family floater plan is usually less expensive than an individual policy.

In addition, if you have acquired any additional coverage, your rate will go up. Families that purchase a family floater policy pay more than those who get individual insurance. Once again, the conditions of the insurance policies change from one firm to the next.


Your age has a significant impact on the cost of your health insurance. As you become older, you’ll spend more on insurance premiums, which isn’t surprising at all. A lower premium is required if you are under the age of 45.

Young individuals have fewer health problems and are less prone to seek medical assistance and insurance coverage than older people. As a result, it is recommended that you get aditya birla health insurance plans  with enough coverage while you are younger.

Family medical history

The to-be-insured must provide the insurer with their entire medical history for the policy to be effective. If they are deemed healthy and free of diseases, the premium payment will be reduced.

A member of the insured’s family must also provide the insurance company with a complete medical history, even if it’s only theirs. Family history free of severe illnesses results in a low premium, but a history of recurring disorders such as diabetes, high blood pressure, and so on results in a higher premium.

Body Mass Index (BMI)

The proportion between a person’s height and weight is a straightforward approach to determine their health state. The body mass index is used to describe this ratio (BMI). An aberrant BMI indicates either being overweight or underweight, depending on the number.

If the tests are positive, the insurance company will pay for the coverage costs. It is also possible that a more significant premium will be imposed and that there could be exclusions or waiting periods for some covered illnesses.

Smoking habits

You will have to pay a higher medical insurance premium if you smoke regularly because of the more significant health risks associated with smoking. To compensate for the additional risks involved with insuring a smoker, insurance companies throughout the globe charge a higher premium.

Regular smokers are more likely to be at risk for lung cancer, heart disease, asthma, stroke, respiratory problems, chronic obstructive pulmonary disease (COPD), and hypertension than those who do not smoke regularly.

Pre-Existing medical conditions

In the case of pre-existing medical disorders that have had a long-term influence on a person’s health, such as high blood pressure, diabetes, or asthma, a person’s hospital charges and medical bills will almost certainly be more splendid.

It indicates that they will be required to pay a greater premium compared to healthy people in the same age group as they are now. A doctor’s assessment of the severity of your pre-existing ailment will determine the amount by which your premium will rise.


For medical insurance, your share of the bill is known as a “co-payment.” As a result, it’s as if you and your insurance are dividing your medical expenses. Some best family health insurance plans require a co-payment, while others allow you to determine the amount of your co-payment.

It’s worth noting that, although a more significant co-pay lowers your overall premium, it also means you’ll have to pay a more extensive amount during claims. You’ll pay a little more in premiums, but you’ll pay less in claims if you have a smaller co-pay.

Residence and profession

If you reside in a place with greater exposure to chemicals, you are more susceptible to sickness, and the insurance is willing to take more risks with you. As a result, your insurance price may rise to compensate.

It is also true if you work in a field with a larger risk of being unwell or getting a disease than the average person. For example, if you live in a metropolitan city or work in a chemical treatment facility, you may have to pay a higher insurance premium.

These are some of the most important elements that insurers take into account when determining the price of their plans. You cannot control some of these characteristics, but you may make easy lifestyle changes to improve others. If you attempt to disguise any medical problem, it might result in your claim being denied when you need it. It is for both parties’ convenience and guarantees that transactions are simple.

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