How Premiums Can Differ for Two People with the Same Sum Insured

Health insurance premiums can differ even for the same sum insured because insurers assess individual risk factors such as age, medical history, location, and lifestyle. Additionally, policy configurations—including optional benefits, deductibles, and the number of people covered—significantly impact the final cost. Consequently, a meaningful comparison requires evaluating the entire policy structure and applicant profile rather than focusing solely on the coverage amount.