*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Tax benefit is subject to changes in tax laws. Standard T&C Apply
1 Crore health insurance plan offers a wider range of medical coverage benefits & medical treatments like organ transplantation, chemotherapy, dialysis etc. that can otherwise be difficult to pay on your own. The insurance policy benefits can be availed on both individual and family floater basis.
And 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 has now become no less than a necessity, especially with the rising number of life-threatening illnesses in India. And 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. Moreover, there is a waiting period clause in all the health insurance plans, and buying a health insurance cover for 1 crore 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 to easily meet the exorbitant medical expenses.
Checkout the below table with health insurance plans offering health insurance cover for 1 crore and more along with premium estimation.
|Health Insurance Company||Plan Name||Sum Insured||Premium for Age 40 years (Annual)|
|Aditya Birla Health Insurance||Activ Assure Diamond Plan||up to Rs 2 Crore||Rs 26,000 approx.|
|Bharti AXA Health Insurance||Smart Super Health Insurance (Uber)||up to Rs 1 Crore||Rs 46, 000 approx.|
|Digit Health Insurance||Super Care||up to Rs 1 Crore||Rs 40,706 approx.|
|Edelweiss Health Insurance||Platinum Plan||up to Rs 1 Crore||Rs 59, 633 approx.|
|Liberty Health Insurance||Elite Combo||Up to Rs 1.1 Crore||Rs 20,496 approx.|
|Max Bupa Health Insurance||1 Cr. Super Saver||Rs 1 Crore||Rs 20, 687 approx.|
|Religare Health Insurance||Care Advantage||Rs 1 Crore||Rs 28, 027 approx.|
|Star Health Insurance||Comprehensive Health Insurance Plan||up to Rs 1 Crore||Rs 39,518 approx.|
Disclaimer : *Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
The benefits of buying a 1 Crore health insurance plan are given below:
|Sum Insured (Rs.)||1 Crore|
|In-patient hospitalization||Covered for minimum hospitalization of 24-hours|
|Pre and post hospitalization expenses||30 and 60 days respectively|
|Organ Donor Expenses||Covered|
|Add-on Covers Available||Cancer cover, critical illness cover, second medical opinion, global cover, repatriation cover, domestic evacuation, compassionate visit, etc.|
Undoubtedly, the cost of healthcare has been increasing every year at an exponential rate amid the increasing number of diseases in our country and worldwide. Let’s check out the increasing cases of Critical Illness in India:
And, looking at the rising medical costs in 2020, the cost of availing a medical treatment is going to surge by almost five times. Therefore, the need for ‘Rs 1 Crore health insurance’ today is also higher than it has ever been before.
There is no fit to all formula when it comes to buying health insurance cover for yourself and your family. Considering today’s medical inflation, it makes sense to buy a Rs 1 Crore health insurance cover, especially when it comes at just 20-25 percent higher premium in comparison to a Rs 50 Lakh health insurance policy. It ensures peace of mind and the best possible treatment without worrying about the hospital bills.
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.
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.)
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.
One of the major reasons to go for a higher health insurance coverage is to avail the right medical treatment without worrying about the medical expenses. Buy paying an additional premium if you can avail ten times more coverage cost with once crore health cover then the cost of premium is worth it. Check out some of the main reasons to opt for a higher sum insured of Rs 1 Crore and more:
Anyone who is able to relate to the below-mentioned circumstances should consider getting Rs. 1 Crore health plan:
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.
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.
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.
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.
|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.
Hypothetically, imagine a situation where a member of your family 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.
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:
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.