1 FOR THOSE WHO HAVE NOT OPTED FOR OPTIONAL SUM INSURED
STEPS
TABLE A
FOR EMPLOYEES/PENSIONERS OR SPOUSE OF DECEASED EMPLOYEE/PENSIONER
1. FOR CALCULATION OF MEDICLAIM PREMIUM AGE LAST BIRTHDAY OR COMPLETED YEAR SHOULD BE TAKEN
2. CALCULATE YOUR AGE AS ABOVE AND REFER THE AGE GROUP APPLICABLE TO YOU
3. NOTE DOWN THE PREMIUM SHOWN IN THE AGE GROUP FOR THE COMPULSORY SUM INSURED ELIGIBLE [ 3, 4 OR 6 LACS]
4. DIVIDE THE PREMIUM IN 3 ABOVE BY 4 (FOUR ie 25%)
5. THE RESULT IS THE PREMIUM PAYABLE
TABLE B
FOR SPOUSE OF THE EMPLOYEE/PENSIONER AND OR FOR DEPENDENT CHILDREN OF EMPLOYEE/PENSIONER
6. CALCULATE AGE AS STATED IN 1 ABOVE
7. NOTE DOWN FROM TABLE B THE PREMIUM SHOWN IN THE AGE GROUP FOR THE COMPULSORY SUM INSURED ELIGIBLE [ 3, 4 OR 6 LACS]
8. DIVIDE THE PREMIUM IN 2 ABOVE BY 4 (FOUR ie 25%)
9. THE RESULT IS THE PREMIUM PAYABLE FOR YOUR SPOUSE
TOTAL PREMIUM PAYABLE= ADD 5 (UNDER TABLE A) AND 9 (UNDER TABLE B)
IN SIMPLE TERMS THE FORMULA IS AS UNDER
=[{PREMIUM FOR COMPULSORY SUM INSURED UNDER TABLE A}+ {PREMIUM FOR COMPULSORY SUM INSURED UNDER TABLE B}] DIVIDED BY 4 (four ie 25%)
2.
FOR THOSE WHO HAVE OPTED FOR OPTIONAL SUM INSURED
TABLE A
SELF
[{ PREMIUM FOR OPTIONAL SUM INSURED –PREMIUM FOR COMPULSORY SUM INSURED}
+(PREMIUM FOR COMPULSORY SUM INSURED) DIVIDED BY 4)]
TABLE B
SPOUSE
[{ PREMIUM FOR OPTIONAL SUM INSURED –PREMIUM FOR COMPULSORY SUM INSURED}
+(PREMIUM FOR COMPULSORY SUM INSURED) DIVIDED BY 4)]
TOAL PREMIUM PAYABLE= ADD THE PREMIUM AS PER TABLE A AND TABLE B AS CALCULATED
ABOVE
B) FROM THE READY RECKONER FOR CATEGORY I , II OR III
1. PREMIUM SHOWN IN RED FROM TABLE A FOR THE OPTED SUM INSURED FOR SELF,
2. PREMIUM SHOWN IN RED FROM TABLE B FOR THE OPTED SUM INSURED FOR SPOUSE
3. ADD THE ABOVE 1 & 2
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