1 Crore Health Insurance Plan – Features, Coverage, Best Plans, Quotes Exclusions, Benefits | Buy & Renew Online

Today, the medical costs are skyrocketing making a comprehensive Health Insurance Policy more crucial than ever. The increasing prevalence of life-threatening diseases and the exorbitant expenses associated with their treatment underline the importance of having a robust Health Insurance Plan.

What is a Rs1 Crore Health Insurance Policy?

A Rs1 Crore Health Insurance Policy is a Health Insurance Policy with a Sum Insured of Rs1 Crore. The Policy pays hospitalisation expenses of the Insured upto Rs1 Crore. The Sum Insured of Rs1 Crore takes care of any major medical expenses that the Policyholder might encounter in his lifetime. In addition to Hospitalisation Expenses, the Policy also provides coverage for Pre and Post-Hospitalisation Expenses, Daycare Procedures etc.

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

Comprehensive Coverage

A Rs1 Crore Health Insurance Plan provides enough cushion to compensate for expensive treatments like a Bypass Operation or a Chemotherapy/Cancer Treatment. The costs for these treatments run into lakhs of rupees and will increase in the future. Having a Medical Insurance Policy with a Sum Insured of Rs1 Crore ensures that the Policyholder will be able to afford the treatment cost not only today but well into the future as well, when the treatment costs will be substanitally higher.

Better Features

Health Insurance Policies with higher Sum Insured often offer better features as compared to Policies with lower Sum Insured. For Instance, Bajaj Health Guard Platinum Plan offers a Higher No Claim Bonus of 150% as compared to 100% Bonus in plan with lower Sum Insured. ICICI Health AdvantEdge Health Insurance Policy offers Worldwide Cover for a Sum Insured of Rs25 lakhs and above

Higher Limits

Health Insurance Policies with a higher Sum Insured also have higher sub-limits for various features like Maternity Benefits. For Example, TATA AIG Medicare Premier Policy offers Maternity Benefits of Rs50000 for a Sum Insured of Rs50 lakhs and a benefit of Rs1 Lakh for Sum Insured of Rs1 Crores

Best Rs1 Crore Health Insurance Plans in India

The table below lists the best Rs1 Crore Health Insurance Plans in India:

Things To Consider Before Buying Rs.1 Crore Health Insurance Plan

Expenses Covered

When choosing a Health Insurance Plan with a Sum Insured of Rs1 crore and above, it is important to ensure that the Plan has the coverages that meet the Policyholder’s requirement. If a Policyholder needs a plan with a Worldwide Treatment Cover or Maternity Benefits, it is necessary that the plan provides coverage for the same.

Waiting Period

The Insured should check the Waiting Periods under the Health Insurance Policy. A Health Insurance Policy has Waiting Periods for Pre-Existing Diseases, Specified Diseases or Maternity Benefits. The Insured should thoroughly read through the Policy wordings for the various Waiting Periods under the Policy.

Network Hospitals

Another important point to consider when purchasing a Health Insurance Policy is to ensure that hospitals where the Policyholder is most likely to get admitted to are a part of the list of network hospitals of the Insurance Company. This ensures that the Policyholder will be able to avail cashless claims settlement and would not have to bear the medical expenses out of his own pocket.

No Claim Bonus

No Claim Bonus (NCB) in a Health Insurance Policy is an increase in the Sum Insured of the Policy granted by the Insurance Company without an associated increase in Premium. So, if there are no Claims under the expiring Health Insurance Policy, the Policyholder receives a benefit in the form of increased Sum Insured under the Policy. A No Claim Bonus increases the Policyholder’s coverage without additional cost.

Who Should Purchase Rs.1 Crore Health Insurance Policy?

A Rs1 crore health plan is ideal for those seeking extensive health coverage and protection against significant healthcare expenses. Here are some groups who could benefit from this policy:

High Net Worth Individuals (HNIs)

HNIs, with their higher disposable income, should opt for a Rs1 crore Health Insurance Policy to ensure comprehensive financial protection against potential healthcare expenses in the future.

Individuals with Dependents

Individuals with dependents such as Spouses, Children, or Parents can opt for a Rs1 crore Health Insurance Policy to ensure their entire family is adequately covered for potential healthcare costs.

Individuals with a Family History of Medical Conditions

People with a family history of serious illnesses like cancer, heart disease, or diabetes benefit should secure themselves with higher coverage limits, ensuring they are protected against substantial healthcare expenses in the future.

Get best Quotes for Rs.1 Crore Health Insurance Plan

Medical care can be very expensive, making it essential for you and your family to have a comprehensive Health Insurance Plan. Hospitalization Expenses can drain your savings and disrupt your financial stability, especially if the primary earner is the one hospitalized. In order to secure oneself from such eventuality, it is a prudent decision to avail a Rs1 Crore Health Insurance Policy. You can get best quotes and coverages for your Rs1 Crore Health Insurance Plan. Email us at insurance@qian.co.in or call us on 022-35134695. We would be glad to assist you.