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How much premium would be required for health insurance of an avg for family of 4?

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03 Aug, 2021 by  Abhijeet Vatts

Agr of my family members is 58,49,24 and 22. We've got no serious existing illness. I want to know what would an normal insurance health insurance cost for my family per month/year?

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05 Aug, 2021

Hi Abhijeet,


It would cost anywhere from 12000 to 30000 for a 5 lakh cover for a family of 4. However, it is not the right way to look at insurance.


What you should be asking is what are my risks, what kind of hospitalization I would prefer and therefore, what kind of plans meet my requirement or expectations. With that filtration in mind, you should look at the market. Right answer on cost of insurance will emerge from that.


Example, a 3 lakh cover with 3000 room rent limit would be at the lower end of the spectrum, with lots of treatment cappings. Whereas a good 5 lakh cover with high room eligibility and no treatment cappings would cost almost 2 to 3 times.


Anuj

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