Group Health Insurance Premium Calculator

A group health insurance premium calculator is a digital tool that helps employers estimate the approximate cost of their organisation’s group health insurance policy. It uses essential details, such as the number of employees, their average age, the type of coverage, and the sum insured, to give a quick and accurate premium estimate.

This tool eliminates guesswork and lengthy manual calculations, allowing HR professionals and business owners to plan their employees’ health benefit budgets more efficiently.

TATA AIG’s group health insurance policy premium calculator also helps compare different policy options easily and select the best group health insurance policy for employees.

Instant Premium Estimation

The group health insurance premium calculator gives you a premium estimate within seconds. It helps employers and HR teams quickly understand the cost of employee health coverage. No more waiting around for manual quotes or chasing follow-up emails, just fast, hassle-free numbers when you need them.

Accurate and Transparent Calculations

The calculator relies on verified data and standard premium rules to give you accurate results. It breaks down the costs clearly, so you know exactly what you are paying for. Employers can easily see how factors such as age, number of employees and additional benefits shape the final premium.

Simplifies Budget Planning

A group health insurance premium calculator makes it easier for companies to plan their yearly health insurance costs. Knowing the estimated premium in advance makes it easier to set your budget and avoid last-minute surprises. This way, businesses retain better control over employee benefit spending.

Customisation Options

You can adjust the calculator inputs to match your needs. You can change the number of employees, pick the type of coverage, select the sum insured, or explore optional add-ons. It is a flexible tool that lets you try different combinations until you find a suitable plan that fits your team and your budget. The best part? You see the changes instantly, so there is no guesswork involved.

Enables Easy Plan Comparison

The group health insurance policy premium calculator lets businesses easily compare different plans side by side. You can quickly see which one offers the right balance of cost, coverage and benefits. This makes it easier to choose a plan that gives the best value for your money.

Time and Effort Saving

This easy-to-use digital tool eliminates the hassle of manual calculations or waiting for agents when buying group health insurance. HR teams can access it anytime, from anywhere, making the entire process quicker and more efficient. It is a smooth, paperless way to save time and reduce admin work.

Promotes Transparency and Trust

The TATA AIG group medical insurance premium calculator ensures transparency in premium evaluation. By showing clear, instant results, it builds trust with organisations seeking reliable group health coverage. Thus, the businesses stay informed before finalising a policy.

Supports Informed Decision-Making

With clear, data-driven premium insights, companies can make choices they feel confident about. It becomes easier to pick a plan that strikes the right balance between cost and coverage, keeping both the business and its employees happy.

The TATA AIG Group Health Insurance Premium Calculator is a quick and easy online tool that helps businesses estimate their group health insurance costs. You simply enter key details like the number of employees, their age range, coverage type and sum insured.

The calculator instantly processes this data to give you a clear premium estimate. It helps HR teams plan budgets efficiently, compare different policy options and adjust inputs to find the most suitable plan. No paperwork, no waiting - just fast, reliable numbers at your fingertips.

Step 1: Visit the TATA AIG Official Website

Go to the TATA AIG website using any browser. On the homepage, navigate to the “Business Insurance” section from the main menu.

Step 2: Choose Group Health Insurance

Under the Business Insurance tab, select “Group Health Insurance”. This will redirect you to the page dedicated to group health plans and premium calculation.

Step 3: Access the Group Health Insurance Calculator

On the Group Health Insurance page, you will see the group health insurance premium calculator tool. Enter your industry type, risk location city, email address and mobile number in the respective fields. Also, agree on the terms and conditions to begin the premium estimation process.

Step 4: Provide Company Information

On the next page, fill in your company name. Enter your GSTIN if available (this is optional). These details help in generating a precise quotation aligned with your business profile.

Step 5: Enter Employee Details

Select the employee coverage type from the dropdown menu. Options include:

• Employees only
• Employees + Spouse
• Employees + Spouse + Children
• Employees + Spouse + Children + Parents

Step 6: Specify the Employee Count

Simply enter how many employees you want to cover under the group health insurance policy. This number directly affects your premium estimate.

Step 7: Click Continue to View Results

After entering all required details, click on the “Continue” button. With just a few details, the group health insurance policy premium calculator quickly gives you an estimated premium. This makes it easier to plan your company’s health coverage budget with greater accuracy and confidence.

Step 8: Adjust Premium Estimates by Tweaking Details

You do not have to stick with one plan. Change the number of people, switch the coverage type, or add something like maternity or critical illness. The calculator adjusts the premium right away. It is quick, and you can try different combinations until something feels right, for both your team and your budget.

Step 9: Make Secure Online Payment and Receive Policy Document

Once you feel confident with the estimate from the group mediclaim policy premium calculator, simply head to the payment section. You can securely pay through TATA AIG’s safe gateway. Right after that, your policy document will be generated and emailed straight to your inbox for easy access and recordkeeping.

• Number of Employees Covered - The more people included in the plan, the higher the overall premium. However, the per-person cost may reduce with larger groups.
• Age of Employees - Older employees usually increase the premium amount because they may be more likely to have health-related issues.
• Type of Coverage Chosen - Whether the plan covers just employees or extends to their spouses, children, or parents plays a major role in premium calculation.
• Sum Insured - A higher sum insured offers greater protection but also increases the premium.
• Add-on Benefits or Riders - Including maternity cover, critical illness benefits, or wellness programmes can raise the premium.
• Risk Location (City) - Premiums may vary based on the city or region where the company operates, due to differences in healthcare costs in those regions.
• Claim History - If your organisation has a high claim record, the premium is likely to increase in the next policy cycle.

• Encourage co-payment where possible - Sharing a portion of medical costs with employees through voluntary co-pay can noticeably reduce premiums.
• Pick a practical sum insured - Choose a coverage amount that meets your team’s real needs, without paying extra for unnecessary coverage or benefits.
• Keep the coverage focused on employees - Choose coverage for employees and immediate family instead of adding extended dependents, unless truly needed.
• Support healthier lifestyles - Conduct wellness programs, regular check-ups, and fitness challenges can lead to fewer claims and lower premiums in the long run.
• Limit add-ons to essentials - Think twice before adding add-ons. Stick to the benefits your team will actually use.
• Watch your claim history - Fewer claims over time help maintain a lower premium. Educate employees to use insurance wisely.
• Insure more, pay less per head - If your team is growing, that works in your favour. Bigger groups often get better rates.
• Always compare before you renew - Do not stick to the same plan. Use a premium calculator to explore smarter, budget-friendly options.

• Maternity Cover - Adds coverage for childbirth-related expenses, including pre and post-natal care. Often includes newborn baby care for a limited period.
• Critical Illness Cover - Offers financial protection if an employee is diagnosed with serious illnesses such as cancer, stroke, or heart conditions.
• Accidental Death & Disability Benefit - Pays a fixed amount in the event of accidental death or lifelong disability of the employee.
• Hospital Cash Allowance - Pays a fixed daily amount during hospitalisation to cover out-of-pocket expenses not included in the main policy.
• OPD Cover (Outpatient Department) - Includes expenses for check-ups, tests and basic treatments that do not need hospital admission.
• Dental and Vision Add-ons - Includes expenses for routine dental check-ups, eye tests and prescribed lenses or treatments.
• Wellness Benefits - Supports a healthier lifestyle with options like preventive check-ups, employee wellness initiatives and even fitness-based rewards.

• Boosts Employee Loyalty - Health coverage builds trust and shows employees they are valued.
• Improves Talent Retention - Comprehensive benefits help retain top talent in competitive markets.
• Enhances Productivity - Healthier employees take fewer sick days and stay more focused at work.
• Offers Tax Benefits - Premiums paid by the employer are eligible for tax deductions under current laws.
• Cost-Effective Coverage - Group rates are generally lower than individual plans, saving money for the company.

• Wider Coverage at No Extra Cost - Employees get health benefits without paying out of their pocket.
• Covers Family Members Too - Many plans include spouse, children and even parents under the same policy.
• No Medical Tests Needed - Employees are usually covered without undergoing health check-ups.
• Instant Coverage from Day One - Typically, benefits start immediately after joining the policy.
• Cashless Hospitalisation - Access to a wide network of hospitals with easy cashless claim options.

Choosing the right group health insurance policy is more than a financial decision; it reflects how much your organisation values employee wellbeing. A clear premium estimate helps you stay within budget while offering strong, reliable coverage.

With a smart tool like the TATA AIG group health insurance premium calculator, businesses can easily customise plans and explore various options. They can also tweak variables like riders or employee count, without any hassle. Whether you are a growing startup or a large enterprise, having control over your group insurance policy gives you a real edge in planning benefits wisely.

At TATA AIG, we help you simplify health cover planning by offering digital tools and flexible plan options that make every rupee count. Our calculator supports smarter decisions, better comparisons and complete clarity, exactly what you need when buying commercial insurance for your team.

Explore our group health insurance solutions today and use our calculator to get started in just a few clicks.