5 min read
Health has become the number 1 trending topic across the world for the past few years. All credits go to the covid19 pandemic, where the cost of treatments was increasing just like the spread of the virus. These increasing medical expenses and the high number of fatal diseases have brought attention to health insurance policies in recent times. Likewise, one-crore health insurance covers are becoming more popular nowadays, targeting individuals and families who are keen to protect themselves against any health scare. Insurance companies are also competing against each other to offer such policies with many useful features and higher coverage. To properly use these features, let’s look at the reasons why one should seriously think about buying a 1 crore health insurance policy.
Based on the statistical information from the Indian Council of Medical Research (ICMR), the amount of cancer cases in India is expected to increase by 1.5 million cases by the year 2025 (up from 1.39 million in 2020). Similarly, the number of people suffering from heart disease and stroke is also rising every year.
While India provides superior and effective healthcare for various illnesses, the cost of treatment is increasing at a faster rate. During the peak of COVID-19, the cost of a 15-day-hospitalization at a private hospital in a metro city was priced between Rs.2 lakhs to Rs. 5 lakhs. So, your insurance policy must be able to cover such costs in the future.
For example, a health insurance policy with the sum insured of 20 lakhs taken by an individual aged 30 would cost Rs.900 per month. In contrast, the same amount of insurance for a 1 crore sum insured may cost you about Rs. 1,000 per month. With the premiums of 1 crore health insurance plans being affordable, it provides a guarantee of getting the highest standard of healthcare for an individual or all family members, with no pressure of worrying about the cost of medical treatment.
To help you start your search, the most popular health insurance policies with 1 crore coverage value provided by various health insurers are listed below:
If you are thinking that a 1 crore health insurance policy is a bit on the higher side or thinking whether you should purchase the policy or not, then you should certainly read this. We’ve put together a list of the most probable group of people who will find it useful to buy such insurance policies with the high coverage value.
Why opt for a policy with low coverage when you can buy a 1 crore health insurance policy for a little extra. So when you are able to avail yourself 10 times the coverage with a higher coverage health insurance plan, then the premium spent on it is also worth it. Here are some of the major advantages of the 1 crore health insurance plan:
For a whole list of 1 crore health cover policies that are available in the market, PayBima is your go-to solution. From helping you select the policy according to your needs to shortlist them as per your budget, it is a feature-rich platform for those who are looking to make an informed decision about their insurance requirements.
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