1 Crore Health Insurance
- Explore One Crore Health Plans
- Why To Choose High Coverage?
- Benefits of 1 Cr. Health Insurance Policy
| Health Cover (1 Crore) | Eligibility | Incurred Claims Ratio |
|---|---|---|
 Niva Bupa Aspire (For Gold+ Variant) | 18 to 65 Years | 54.05% |
 Care Supreme | 18 to 99 Years | 53.82% |
 Star Comprehensive | 18 to 65 Years | 65% |
 ManipalCigna Prime Protect | 18 years to no maximum limit | 64.66% |
| Star Young Star (For Silver Variant) | 18 to 40 Years | 65% |
 Aditya Birla Activ Health Platinum Enhanced | 18 years to no maximum limit | 64.68% |
| Star Women Care | 18 to 75 Years | 65% |
| Niva Bupa ReAssure 2.0 (For Bronze Variant) | 18 to 99 Years | 54.05% |
If you are concerned about financial restraints related to medical care for yourself and your family, a 1 Crore health insurance is a good option. Witnessing a consistent rise in medical inflation rate and increasing cases of life-threatening ailments, a 1 crore health insurance makes sense.
With a 1 Crore health insurance, you can ensure comprehensive coverage for you and your family. These plans are ideal for individuals with a family history of critical illnesses and those living in metropolitans. But does it mean that a 1 Crore health insurance is useless to others?
Let us find out!
Keep reading to understand the benefits, coverage features, buying process, and more
1 crore health insurance is a contract between an insurance holder and the insurance provider that offers a wider scope of coverage for medical emergencies due to the high sum insured on offer. The main benefit of a 1 Crore health plan is the comprehensive & substantial protection it provides is far more than health insurance plans with 10 Lakh or 20 Lakh SI.
The plan helps you cover medical expenses associated with:
Terminal illnesses
Accident coverage
Surgeries
OPD expenses
Undoubtedly, there has been a rise in the cost of healthcare expenses across the globe in the past decade. There are multiple reasons one must think of before investing in a 1 Crore health insurance plan:
India witnessed a 14% increase in medical inflation, the highest among all Asian countries as per a health report published by 'The Plum'.
Additionally, the 'MMB Health Trends report' showcased that Cancer (55%), Circulatory system-based diseases (43%), and COVID-19 (36%) were among the top reasons for medical claims in Asia in 2021.
Along with increasing healthcare costs, lifestyle changes have led to an increased overall risk of heart attacks, high blood pressure, and other health-related complications leading to prolonged prescriptions, hospitalizations, and other costly treatments.
71% of Indian employees pay for healthcare expenses out of their pockets as the average employer-sponsored insurance coverage in India is a mere 3 Lakhs which is sub-par with the inflation rates.
Employer-sponsored benefits are not progressive as <50% of companies offer maternity benefits, <1% of companies offer coverage to individuals with disabilities, and only 60% of companies offer new age features like same-sex partner covers, IVF treatments, etc.
There are several benefits you will enjoy by investing in a 1 Crore health insurance:
You will be covered for the following:
Some things to take into consideration before investing in a 1 Crore health insurance plan:
You must consider investing in a 1 crore health insurance if you:
1 crore health insurance plan purchase is made so easy with PolicyX insurance aggregator. Follow the steps given below to buy the best 1 crore health insurance efficiently:
P.S. Our IRDAI-certified insurance experts will provide end-to-end service for your 1 crore plan purchase, from providing policy guidance to renewal and claim support.
Follow the steps given below to ensure a smooth claim settlement process for your 1 Crore health insurance plan:
Notify the insurance provider promptly, usually within 24 to 48 hours in case of an emergency hospitalization, and 72 hours before a planned hospitalization.
The time of intimation may vary from insurer to insurer.
Submit relevant documents such as medical bills, diagnostic reports, prescriptions, and claim forms along with the pre-authorized form at the TPA desk.
Your health insurance provider will review and verify the documents submitted by you as per the norms.
Post verification, your health insurance provider will settle the claim directly with the network hospital, or reimburse your medical bill in case of a non-network hospital.
For any further queries connect with PolicyX claims team at 1800-4200-269
In the coming years, India will serve as one of the biggest markets for health insurance. With medical inflation and increasing basic medical care expenses, the Indian customer is motivated to invest in a 1 crore health insurance more than ever before. Additionally, lifestyle diseases and stress-inducing factors have caused most individuals to be pre-diabetic, suffering from hypertension, etc.
With a high sum insured, you are promised 360-degree coverage features regardless of your city or zone. Select a suitable 1 crore health insurance plan for your family members with the help of PolicyX insurance experts today.
Tax deductions under section 80D as per the Income Tax laws of India are applicable in case you purchase a 1 crore health insurance plan.
1 crore health insurance plans may or may not cover PEDs after a specific waiting period as per the terms and conditions of the health insurance provider.
A 1 crore health plan provides a wide scope of health coverage compared to a 25 lakh health cover.
While a 1 crore health insurance proves to be useful it is not necessary to invest in one. It depends entirely on your family size, lifestyle, location, family history with critical illnesses, and most importantly budget!
Some common benefits of investing in a 1 crore health insurance are:
You can invest in the following types of 1 crore health plans:
You can compare and purchase the best 1 crore health plans from India's leading insurance aggregator PolicyX
The entry age for 1 crore health insurance is 18 years for adults and as young as 1 to 91 days for dependent children.
The relations covered under a 1 crore health insurance plan will depend from insurer to insurer. However, some common relations are:
Some common riders you can purchase with a 1 crore health plan are:
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Simran is an insurance expert with more than 3 years of experience in the industry. She may have all the answers to your insurance queries. With a background in Banking, she proactively helps her readers to stay on par with all the latest Insurance industry developments.
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