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Why Should You Buy Rs. 1 Crore Health Insurance Cover?

With the increasing risk of critical illnesses, the inadequate health insurance cover continues to put the lives of millions at risk.

A Rs. 1 Crore health insurance plan becomes no less than a necessity with a rising number of life-threatening illnesses in India. A lot of people continue to put their lives and the lives of their loved ones at risk with inadequate health cover, amid the rising cost of healthcare services. There is a waiting period clause in all the health insurance plans, and buying a Rs. 1 Crore medical plan after the diagnosis of the illness might not help you. Therefore, it is imperative to choose a health plan with a high sum insured like Rs. 1 Crore or more.


Here is an Example:

When Shalini’s husband was diagnosed with a tumor in brain, it was a shattering moment for both of them. Adding to the agony, they did not have sufficient health cover that could cover up for brain tumor treatment.

And due to the severity of his illness, Shalini’s husband could not even go to work. As a result, both of them had to go through a financial turmoil along with the emotional trauma following the deteriorating health of her 38 years old husband.

There are many people like Shalini and her husband who don’t know the benefits of adding critical illness cover to their basic health plan. And those who are aware are mostly in the contemplating phase. Therefore, to help you make the right decision let us dig a little deeper into the fact that why it makes sense to get ‘Rs. 1 Crore health insurance’ cover these days:

Forget about 1 Crore Health Cover, only 27% of People Have Health Insurance in India. 

KPMG and FICCI’s 2014 report revealed that only 27% of Indians are covered under a health insurance policy. The number is startlingly low in comparison to our mammoth population especially when the cost of healthcare is escalating and is on a continuous rise. The report further implies that 83% of our population remains uninsured and therefore, is not able to avail the best available treatment.  

Major Hindrances Behind Inadequate Health cover

Though, health insurance is one of the fastest growing segments in our country. Despite the growth, the penetration of medical insurance still remains low as it is not yet mandatory to buy a health cover in India. And the reasons are:

  • Ignorance on part of the people is one of the root cause
  • And another reason is the dependency on the corporate health insurance policy that does not cover major or critical illnesses

As a result, a large section of the population opens to huge out-of-pocket medical expenses. As per the WHO Report, nearly 89% of health care expenditures in India were out-of-the-pockets (compared to a global average of 18%) because most of the people continue to remain either uninsured or underinsured.

The Increasing Cases of Critical Illness in India

  • As per the National Cancer Registry Programme of the India Council of Medical Research (ICMR) nearly 1300 people die in India due to cancer every day.
  • Global and domestic reports reveal that every 4th individual below the age of 70 years is at a greater risk of dying due to life-threatening diseases such as a tumor, cancer, heart-attacks, kidney failure than ever before.
  • More and more cases of diabetes and hypertension are reported every day, that puts a lot of people at a risk of chronic kidney diseases.

And, looking at the rising medical costs in 2019, the cost of availing a medical treatment is going to surge by almost five times. Therefore, the need for ‘1 Crore health insurance’ today is also higher than it has ever been before.

The Cost of Critical Illness Treatment in India

Here is what critical illness treatment in India looks like:

Disease Name Treatment Cost (Approx.)
Liver Transplant 25 to 36 lakhs
Chemotherapy ( per sitting) 60,000 to 1.9 lakhs
Chemotherapy ( 6 Sessions) 20 lakhs
Angioplasty 1.9 to 4.12 lakhs
Breast Cancer Surgery 6 to 10 lakhs
Lung Transplant 15 to 30 lakhs
(The treatment above follows pre and post hospitalization expenses including medical tests, medications, radiotherapy, etc. that add to the total medical cost.

*Disclaimer: The above-mentioned figures are for illustration purposes only.

The most expensive procedures such as major organ transplants, serious heart problems, and advanced-stage cancer can easily cost you more than Rs. 50 lakhs.

What is the Cost of Cancer Treatment in India?

The cost of an initial stage cancer treatment can easily cost you around Rs. 10 lakhs to 15 lakhs in a private hospital. If we include newer immunotherapy drugs, precision medicine, the cost will go up to Rs. 1 Crore.  And if you prefer to avail high-end medical treatment and services in India or abroad, Rs. 1 Crore Health insurance plan becomes an absolute necessity.

Some of the Health Insurers that You Can Consider for Rs. 1 Crore Health Insurance are:

  1. Aditya Birla Health Insurance 
  2. Religare Health Insurance
  3. Max Bupa
  4. Royal Sundaram
  5. Manipal Cigna

There are a number of other health insurance companies as well from where you can buy Rs. 1 Crore health insurance cover. 

How Much Does Rs. 1 Crore Health Insurance Cost?

Age Pricing
21 to 35 years 7566 (630 per month) - 9552 (796 per month)
36 to 45 years 11047 (921 per month) - 13290 (1108 per month)
46 to 65 years 34553 (2880 per month) - 71673 (5973 per month)

Disclaimer: The above-mentioned figures are for illustration purposes only.

Who Should You Buy Rs.1 Crore Health Insurance Plan?

Anyone who is able to relate to the below-mentioned circumstances should consider getting Rs. 1 Crore health plan:

If You Have a Family History of Critical Illnesses

If you have a genetic history of critical illnesses then you are probably at a higher risk than others. An individual is at a higher risk of getting a heart-attack if there is a family history of cardiovascular diseases. As a proactive measure, it is advisable you get critical illness cover in your health plan to avail of the best possible treatment.

If You Are Above the Age Band of 40 Years

People who are above 40 years of age are more vulnerable to life-threatening illnesses and it will be sensible to have yourself covered with an adequate critical illness insurance policy.

Instead of waiting to turn 40, you can also buy it in your 30s. As a matter of fact, many youngsters are also suffering from acute illnesses as a result of a sedentary lifestyle and hereditary reasons. The earlier you buy it the better it is.

If You Are the Sole Earner the Family

Those who are the only earning member in the family, it is imperative to secure the entire family with Rs. 1 Crore health insurance plan. It is required if you do not want your family members to go through financial distress or emotional turmoil.

If You are Working In A Stressful Environment

One of the major factors contributing to an increase in the number of life-threatening diseases is an unhealthy work atmosphere. As per studies, people who have a high-pressure job or profession, succumb to such diseases at an early stage.

Either you can choose to balance your personal and professional life or opt for a health insurance policy of Rs. 1 Crore with critical illness cover to avoid any financial constraints in the future.

How Does It Help?

Hypothetically, imagine a situation where a member of your family just like Shalini is diagnosed with a life-threatening disease. Adding to the agony, your medical insurance policy only covers the hospitalization expenses for everything except critical illnesses. The situation can be nerve-wracking, especially when you do not have sufficient financial cover.

Instead of repenting later, it’s advisable that you safeguard your life and your loved one’s life with a critical illness policy. Why repent later when you have the option to secure your future with a Rs. 1 Crore medical plan. The insurer will pay you in a lump sum for the treatment as per the amount specified in the policy.

Which Type of Health Plan Will Work For You?

You can buy Rs. 1 Crore health insurance policy with critical illness cover or a standalone critical illness policy of Rs. 1 Crore. In this plan, the insurer pays you a lump sum amount on the detection of any of the specified diseases.

You can pick from any of the plans from top insurance companies in India. There are plans that cover 20 major critical illnesses as well.

Depending on your family history and financial budget you can choose any medical policy. To be safe your health plan should have a critical illness cover of minimum Rs. 50 lakhs and up to Rs. 1 Crore.

To Help you Understand Better Have a Look at the Benefits of Rs. 1 Crore Health Insurance Plan with Critical Illness Cover:

  • Critical Illness insurance covers life-threatening diseases such as a tumor, kidney failure, cancer, heart ailments, etc.
  • The insurer pays the lump sum amount for the treatment. Hospitalization is not essential and the claim can be process based on the diagnosis reports.
  • Coverage is provided for specified critical illnesses as mentioned in the plan
  • Waiting Period is only up to 3 months


Lifestyle diseases have been on a constant rise. While we make a conscious effort to follow a healthy lifestyle and healthy diet, it is imperative to be financially prepared should there be a health emergency in the future. After all, medical conditions are not always fallout of a poor lifestyle. It may be hereditary as well. Thus, Rs. 1 Crore health insurance policy would serve as a financial shield against all odds.

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