Compare And Buy 1 Crore Health Insurance

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%

1 Crore Health Insurance: Do You Need It?

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

What Is 1 Crore Health Insurance?

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

Reasons To Invest In 1 Crore Health Insurance

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.

What Is Covered Under A 1 Crore Health Insurance?

You will be covered for the following:

What To Ask Yourself Before Investing In 1 Crore Health Insurance Plan?

Some things to take into consideration before investing in a 1 Crore health insurance plan:

Who Should Consider A 1 Crore Health Insurance?

You must consider investing in a 1 crore health insurance if you:

• Have a family history of critical illnesses like cancer, heart attacks, organ failures, or other life-threatening ailments.
• Are over the age of 40 years and have lived a sedentary lifestyle for the majority of your life, consider a 1 crore health insurance for your future.
• Are the only earning member of your family and have several family members dependent on you, a 1 crore health plan is the best option.
• Have a high-risk job like working in mines, factories, heavy engineering manufacturing units, etc, consider investing in a 1 crore health insurance plan.
• Are a frequent traveller, consider a 1 Crore health plan to avail of medical care in different countries without any stress.

Steps To Buy The Best 1 Crore Health Insurance

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:

• Visit PolicyX website
• Click the ’One Crore Health Plan’ button under Health Insurance
• Fill in your details such as name, age, contact number, etc.
• Pay the premiums instantly and purchase your 1 Crore health insurance
• Post-purchase you will receive the details of your 1 Crore health insurance via email.

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.

Steps To Claim 1 Crore Health Insurance Plan

Follow the steps given below to ensure a smooth claim settlement process for your 1 Crore health insurance plan:

• Step 1

  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.

• Step 2

  Submit relevant documents such as medical bills, diagnostic reports, prescriptions, and claim forms along with the pre-authorized form at the TPA desk.

• Step 3

  Your health insurance provider will review and verify the documents submitted by you as per the norms.

• Step 4

  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

Wrapping It Up

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.