The older you are, the higher would be the premium and vice-versa.
The sum insured
The higher the sum insured that you choose, the higher would be the premium and vice-versa.
The number of members covered
If you opt for floater coverage, the premium will increase for every family member that you cover under the policy.
The scope of coverage
Different health plans have a different scope of coverage. If the coverage is wide, the premium would be high. Alternatively, if the coverage is limited, the premiums would be low.
The city in which you live
Insurers also follow geography-based pricing wherein premiums are categorised for metro and non-metro cities. If you are living in a metropolitan or Tier 1 city, the premium would be high. If you live in a non-metro city or a town, the premium would be lower.
The add-ons selected
You can add coverage benefits to the policy by paying an additional premium. So, if you choose add-ons, the premium would increase.
The claim experience of the insurer
Lastly, every insurance company fixes the premium of its insurance policy differently. The claim experience of the company determines the premium that it would charge. If the company has incurred a high amount of claims in a financial year, premiums would be higher in the next financial year and vice-versa.