Buy a Life Insurance Plan in a few clicks

Now you can buy life insurance plan online.

Kotak e-Term

Protect Your family’s financial future with Kotak e-Term. Know more

Kotak Assured Savings Plan

A plan that offer guaranteed returns and financial protection for your family. Know more

Kotak Guaranteed Savings Plan

A plan that offers long term savings and insurance in one premium. Know more

Kotak e-Invest

Insurance and investment in one plan with Kotak e-Invest. Know more

Kotak Lifetime Income Plan

Retirement years are the golden years of life. Know more


Get a Call

Enter your contact details below and we will get in touch with you at the earliest.

  • Select your Query

Thank you

Our representative will get in touch with you at the earliest.

How Is Your Health Insurance Premium Affected By Age?

The health insurance premium is directly affected by your age. The younger you are, the lower is the premium as you age, the premium also keeps rising. Click here to know more.

  • Nov 30, 2021

While there has been an increase in the risk for lifestyle diseases, critical illnesses, novel infections such as coronavirus in recent years, the medical cost has also risen like never before. This scenario makes health insurance an indispensable requirement today.

The insurer pays a regular premium towards the health insurance policy that compensates him/her for the medical conditions covered under the policy. Let’s look at the factors that influence health insurance premiums.

Health Insurance Premium - Influencing Factors

Each insurance company follows its specific guidelines to decide upon the premium cost offered to individuals. Generally, factors such as the individual’s age, occupation, medical history, BMI (Body Mass Index), type and duration of the policy, etc are considered while arriving at the final premium amount.

Age – A Crucial Factor

The health insurance premium is directly affected by your age. The younger you are, the lower is the premium charged by the insurance companies. As you age, the premium also keeps rising accordingly.

Why is Age a Crucial Factor?

Several reasons to charge a higher premium from an older person, are as follows:

  • An older individual is more susceptible to critical illnesses such as brain stroke, heart diseases, etc., and other age-related ailments.
  • The possibility of pre-existing diseases such as diabetes, blood pressure, etc. is higher with an older person. Hence, the chances of further complications are also higher as compared to younger individuals.
  • With the continuous advancement in the field of medicine and related technology, the cost of medical treatment and procedures also keeps rising as you age. Hence, to provide you with the promised compensation, the companies charge a higher amount.

How to Get a Health Insurance at Lower Premiums?

  • Buy a Plan at Early Age:
  • As insurance companies consider young age people less likely to be affected by diseases requiring treatments/hospitalization, you can get a policy at lower premiums when younger.

  • Opt for Basic Coverage Initially:
  • You can opt for basic coverage initially and upgrade it to enhanced coverage (such as for critical illnesses) as you age and more financially stable.

  • Go for Long-Term Policies:
  • The premium for long-term health insurance policies is often lower than traditional policies with the annual term. Hence, try to opt for a long-term (2-3 years) policy to substantially save on your premium payments.

  • Go for Family Floater Plans:
  • Family floater plans cover other family members (spouse, children, parents) too under the same policy. With multiple people covered under a single policy, the premium is automatically lowered for individuals.

Start Early to Save on Premium

The earlier you buy health insurance, the cheaper will be the premiums. It is not advisable to wait for older age and related complications to occur for buying a health plan. You must be responsible for your health and get yourself and your family’s health insured by opting for a suitable insurance plan at the earliest.

Kotak e-Term

Download Brochure


  • Life Cover till 85 years for Life & Life Secure Option
  • 3 Payout Options
  • Special Rates for Women
  • Option to exit the policy with premium refund at the age of 60*
  • Special Rates for Non-Tobacco Users
  • Free Medical Check Up every 5th year**

Ref. No. KLI/22-23/E-BB/2435


- A Consumer Education Initiative series by Kotak Life

Similar Articles

10 Preventative Measures for Diabetes

5 Reasons to Own Both Health Insurance and Term Insurance

Everything You Need to Know About Health Insurance for Parents

How wellness benefits can help reduce your health insurance premium

What is OPD Cover in Health Insurance?

Benefits of Health Insurance You May Not Know About

Tax Benefits on Health Insurance Plans

List of Critical Illnesses Covered in Health and Life Insurance Plans

What is International Health Insurance? Meaning, Importance and Benefits

Health Insurance Coverage for HIV Patients

7 Things to Audit in Your Health Insurance Plan

How Much Health Insurance Cover Should You Opt For?

5 things to consider while renewing a health insurance policy

How Much Should I be Paying for Health Insurance?

Health Insurance Coverage: Day Care Treatment Vs OPD Treatment

5 Reasons to Consider Investing in Health Care

Guide on Fraudulent Health Insurance Claims in India

How To Choose A Good Health Insurance Plan?

What is Health Insurance and Why do You Need it?

Which Health Insurance Plans Cover Your Family Members?

Key Factors that Decide Your Eligibility for Buying Health Insurance Plans

All You Need To Know About No-Claim Bonus In Health Insurance

Why is Cardiac Care Plan a boon for Heart Patients?

Protect Your Family with Health Insurance Today

Basics of Health Insurance

Health Insurance Plan for Family

Buying Health Insurance with A Pre-Existing Illness? Things You Should Know

The Importance of a Health Insurance Claim Ratio

Health Insurance Plans for a Pre Existing Condition

Health Insurance for Brain Tumour: What You Should Know on Symptoms & Diagnosis of Brain Tumour

Is Health Insurance the Same as Medical Insurance?

Stress and Heart Health: 4 Things You Should Know

Why You Must Disclose Your Pre-Existing Conditions When You Buy Health Insurance

How do I Choose a good Health Insurance Plan?

Everything You Need to Know About the Ayushman Bharat Health Insurance Scheme

10 Effects of Fast Food on Your Body

Why do Patients with Hypertension Need Health Insurance?

Heart and Cancer Insurance

Healthy Habits to Avoid Falling Sick During Monsoon

Choosing Health Insurance for Senior Citizens

Steps to Appeal A Health Insurance Claim Denial

Why Your Health Insurance Cover Could be Insufficient?

How Your Eating Habits Affect Your Health & How to Change Them

How to Choose a Right Health Insurance Plan?

Saving Tax on Your Health Insurance

How to Claim Tax Benefits on Medical Insurance Premium?

Are You Covered for the Home Treatment Cost Under Your Health Insurance Policy?

Top Five Institutes for Free Cancer Treatments in India

What is BMI Calculator, and why is it Important?

What is Telemedicine? How to Seek Medical Treatment Remotely?

Health Insurance with or Without Medical Tests? Which is Better

Why Should You Opt for Cancer Insurance?

Types of Health Insurance You Must Know About

Difference Between Open Heart and Bypass Surgery

Which One is Better: Mediclaim or Health Insurance?

What Medical Expenses Can You Claim in Health Insurance Plans?

A Millennial’s Guide to Buying Health Insurance

Does Critical Illness Insurance Cover Stroke?

Why You Need to Know About the Critical Illness Plan?

Do Add-On For Health Insurance Policies Really Add Value?

Why You Must Disclose Your Pre-Existing Conditions While Buying Health Insurance?

Rashtriya Swasthya Bima Yojana: Eligibility, Coverage, Benefits

Why Opting for Short Term Health Insurance Plans is a Wise Idea?

Health Insurance Plan for Heart – What you Should Know on Symptoms and Diagnosis of Heart-Related Disease?

Critical Illness Can Disrupt Family's Financial Goals and How Health Insurance Can be Useful

Is Health Insurance Non-taxable?

What Does Health Insurance Not Cover?

Critical Illness Insurance for Alzheimer's Disease

Tips to Reduce Your Health Insurance Premium

What is Disability Insurance?

How is Health Insurance Cost Calculated?

Health Insurance for Personal Accidents

What is the Persistency Ratio and Why Does it Matter to the Health Insurance Sector?

What is the Difference Between a Mediclaim Policy, Health Insurance and Term Insurance?

What are the Documents Required for Buying a Health Insurance Plan?

Health Insurance for Students Who Study Abroad

How to Switch to A Different Health Insurance Company?

Factors to Consider While Choosing a Health Insurance Plan for Your Parents

Why You Must Review Your Health Insurance Policy/ Plan Every Year?

What Is the Restoration Benefit in Health Insurance?

Health Insurance Plan for Cancer: What You Should Know on Symptoms and Diagnosis of Cancer

How to Transfer Your Health Insurance Cover Without Losing Benefits?

What do Health Insurance Plans Cover?

How Much Of Health Insurance Is Tax Deductible?

Key Difference between Health Insurance and Mediclaim Policy

What is Single Premium in Health Insurance?

Things to keep in mind before buying a health insurance plan for diabetics

Health Insurance for Liver: What You Should Know About the Symptoms and Diagnosis of Liver Problems

6 Common Myths about Health Insurance

Why You Must Review Your Health Insurance Plan Every Year

Is Cataract Surgery Covered under Health Insurance in India?

Seven Preventive Measures for Heart Related Illness

7 Reason Why Should You Buy a Health Insurance Plan in Your 20s?

Everything You Need to Know About Accidental Insurance Policy

What is the Right Age to Buy Health Insurance Policy?

5 Reasons to Buy Health Insurance in 2021

What are Health Insurance Premiums? How are they Calculated?

What Is the Restoration Benefit in Health Insurance Plan?

Section 80D: Everything You Need to About Income Tax Deduction for Medical Expenditure

How to File Health Insurance Claims?