Build a policy estimate that fits you. Test coverage limits, riders, and claim outcomes fast. See charts, export files, and plan your budget better.
| Tier | Age | Occ | AD&D | Medical | Ded | Coins | Riders | Scenario | Medical Bill | Hosp Days |
|---|---|---|---|---|---|---|---|---|---|---|
| Basic | 28 | 1 | 25000 | 5000 | 500 | 0.20 | ER, Ambulance | Minor | 900 | 0 |
| Standard | 40 | 2 | 50000 | 10000 | 250 | 0.20 | Hosp, ER, PT | Moderate | 3000 | 2 |
| Premium | 57 | 3 | 100000 | 25000 | 1000 | 0.10 | Hosp, ER, Amb, PT, Fracture | Severe | 18000 | 6 |
Annual Premium = BaseRate × (Coverage/1000) × AgeFactor × OccupationFactor × DeductibleFactor × WaitingFactor × RiderFactor × TermFactor × InflationFactor.
This calculator estimates an accident-only premium using coverage limits, term length, age, and occupation class. The model scales a base rate per thousand of combined limits, then applies risk factors. Raising the AD&D or medical limit increases exposure and usually raises the estimate. Longer terms may earn a small discount, while inflation protection increases cost as benefits grow.
Cost sharing options show how a plan behaves after an injury. The deductible reduces eligible medical costs before reimbursement, and coinsurance represents your share of remaining costs. The scenario section uses a medical bill, hospital days, therapy sessions, and flags to estimate payout and out-of-pocket. This view helps compare a lower premium against higher cost sharing.
Optional riders can change value for common accident pathways. Hospital daily benefits pay per day up to a cap for inpatient stays. Emergency room and ambulance benefits are flat amounts tied to incident flags. Physical therapy benefits pay per session up to a cap, while fracture benefits use a schedule tied to severity. Adventure sports and family options increase expected claims and raise the premium estimate.
The charts support interpretation across time and benefit categories. The cumulative premium chart compares total premiums over the term against the reference payout from your scenario. The component breakdown chart shows how much comes from medical reimbursement versus riders and AD&D. Break-even estimates how many years of premium equal one modeled payout, guiding tradeoffs.
Use exports to compare multiple configurations consistently. Download CSV to store inputs and results, then sort by premium, payout, or break-even. Download PDF to capture the on-screen summary for sharing or record keeping. For clean comparisons, keep the scenario constant while you adjust coverage, riders, deductible, and coinsurance. Use the currency field to match your market, and remember that real underwriting may differ materially from this estimator in practice.
Q: What does accident-only coverage usually pay for?
A: It focuses on injuries from covered accidents. Benefits may include medical reimbursement and scheduled payments for services or injuries, depending on riders and limits.
Q: How is the premium estimate calculated here?
A: The tool multiplies a base rate per thousand of limits by factors for age, occupation class, deductible, waiting period, riders, term, and inflation protection.
Q: Why does a higher deductible reduce the estimated premium?
A: A higher deductible shifts more initial cost to you, lowering expected insurer payments. The estimator reflects that with a lower deductible factor.
Q: What is coinsurance in the claim scenario?
A: Coinsurance is your percentage share after the deductible. If coinsurance is 0.20, you pay 20% of eligible costs, and the model pays 80% up to the limit.
Q: How should I read the break-even value?
A: It estimates years of premium that equal one modeled payout. It is a planning metric, not a prediction of accident frequency.
Q: Can I use the exports for multiple policy comparisons?
A: Yes. Save CSVs for each configuration and compare premiums, payouts, and caps side by side. PDFs capture the on-screen summary for sharing.
Important Note: All the Calculators listed in this site are for educational purpose only and we do not guarentee the accuracy of results. Please do consult with other sources as well.