Is it Wise to Buy a 1 crore Health Insurance Policy?
Health disorders can strike at any time in a person’s life that can lead to discomforts. Several factors will influence health ailments that can affect the quality of life. Therefore, one must prevent them effectively to lead a less problematic life. Those who want to ensure protection from illnesses should consider buying a health insurance policy from the markets that offer the best coverage.
They should know the benefits offered by health insurance of 1 crore plan that will help manage high medical costs and bills. Buying health insurance involves several things and customers should get ideas from experts to overcome complex issues.
Why is buying 1 crore health insurance the best option?
Insurance companies nowadays offer a wide range of health insurance plans for customers to meet their exact needs. On the other hand, most of them are basic policies that involve inadequate coverage. Having a policy with a high sum insured amount such as 1 crore will help get comprehensive coverage for critical illnesses and other things. Moreover, the premiums are affordable enabling customers to buy a policy with ease.
What are the important features offered by a 1 crore health insurance plan?
Covid-19 hospitalization expenses
Covid-19 treatment costs are high in hospitals and not everyone can afford them. Buying health insurance of 1 crore coverage allows policyholders to get coverage for Covid-19 treatment expenses. It provides ways to reduce the financial burden caused by medical expenses to witness peace of mind. The policy also offers ambulance coverage for policyholders when they want to get admission to a nearby hospital during medical emergencies.
Not all health insurance policies cover hospitalization expenses completely. Therefore, one should consider buying a 1 crore health insurance policy that takes care of all expenses. It provides coverage for room rent, ICU charges, nursing fees, doctor’s fees, surgeon’s fees, etc. The policy offers coverage for critical illnesses and injuries caused by accidents.
Pre and post hospitalization
The policy offers coverage for pre and post-hospitalization expenses with a waiting period of 30 days and 60 days respectively. Policyholders can claim the amounts after the completion of waiting periods.
Organ donor expenses
Organ transplant costs are very expensive and a 1 crore health insurance policy provides coverage for donor expenses. In other words, the plan offers surgical expenses while harvesting an organ from the donor’s body when an insured person is the recipient.
Daycare treatment coverage
The policy offers daycare treatment coverage for policyholders when they undergo advanced treatment in listed hospitals that don’t require less than 24 hrs of hospitalization.
Buying a 1 crore health insurance plan offers coverage for home treatments when a person is not able to get the facilities in a hospital due to disabilities or other problems.
The policy offers alternative treatments such as homeopathy, Ayurveda, Siddha, Unani, and naturopathy. This, in turn, gives ways to restore the conditions efficiently.
Free preventive health check-up
Some insurance companies offer free preventive health check-up services for policyholders after purchasing a 1 crore policy. It gives ways to diagnose health issues in advance to pick treatments depending on health conditions.
Coverage for critical illnesses
Critical illnesses such as cancer, kidney disease, liver disorder, stroke, and heart ailments need high-quality treatment. Buying a 1 crore health insurance plan offers coverage for critical illnesses that will help experience peace of mind.
What are the significant features of a 1 crore health insurance policy?
- The policy provides a no-claim bonus for policyholders when they don’t claim the amounts within a policy year
- Co-payment for people who are above 61 years old
- Floater option to get coverage for spouses, parents, senior citizens
- Lifelong renewability with no maximum age limit
- Automatic recharge
- Policyholders can avail of tax benefits under section 80D after paying the premium amounts
- Cashless claims for planned and emergency hospitalization
- Wide coverage for critical illnesses
- Affordable premiums that suit the budget of a policyholder
- No caps on sum insurance amounts
- 30 days grace period when a policyholder fails to renew the policy within the due date
Where to buy a 1 crore health insurance policy?
Customers who want to purchase a 1 crore health insurance policy should pick the right insurer to meet essential needs in the coverage process. Care Health Insurance offers the policy at discounted prices that will help save more money. One can buy the policy online in simple steps that will help gain more advantages.
The company will take care of all health needs of individuals and families when they want to get the best treatments. It has tie-ups with more than 16,500 hospitals in India allowing policyholders to claim amounts without any difficulties. Those willing to know about the policy details can contact the customer care team that will help make the right decision.