1 Crore Health Insurance Plan

What is 1 Cr Health Insurance?

As the name suggests, 1 Crore medical insurance offers coverage of up to 1 Crore or more. With medical inflation and lifestyle diseases on the rise, comprehensive health insurance becomes prudent. Health insurance with 1 crore coverage comes in handy by offering benefits for hospitalisation, daycare treatments, organ donor coverage, etc., in one place. The high-value health insurance plan is tailored to meet the healthcare needs arising from chronic health conditions, major surgeries, long-term treatments or treatments that should be taken abroad.

Did you know? Securing your healthcare-related finances under a high-sum insured plan is much more affordable than paying for hospitalisation in an emergency! Watch this small video to understand how affordable it is to have medical insurance of 6cr for yourself and your loved ones!

Why Do You Need 1 Cr Health Insurance Coverage?

Lifestyle diseases are on a constant rise. While we ensure that we follow a healthy lifestyle and diet, being financially prepared for any health emergency is crucial. Medical conditions are not always due to poor lifestyle. It may be due to hereditary factors as well. Having family health insurance plans for your family's safety or a senior citizen's health insurance for protecting your elderly parents might come in handy. However, you might be short of medical coverage if your family has constant medical emergencies. Thus, a health insurance policy with higher coverage, such as a 1 Crore Health insurance plan, would be a financial cushion. All your expenses, including hospitalisation, daycare treatment, and pre and post-hospitalisation medical expenses, will be covered under your health insurance of 1 crore. You get coverage for specific ailments and pre-existing diseases after the waiting period is over, subject to policy terms and conditions.

Understanding Care Advantage- 6 Cr Health Insurance Plan

Thanks to advancing science, treatments are available for most health issues. However, getting treatment for these healthcare concerns may be a hassle if you do not have a comprehensive financial helmet.
Here, Care Health Insurance comes to the rescue with its 1 Cr health insurance plan- Care Advantage. The plan enables you to avail yourself of quality medical treatment when you need it, conveniently. It offers sum insured options of 25 Lakh, 50 Lakh, 1 Cr, 2 Cr, 3 Cr, and 6 Cr that will safeguard your loved ones as you access the best medical treatment within India and/or abroad.

Things to Keep in Mind While Buying Health Insurance for 1 Cr Coverage

Before making a judicious choice for the preferred health insurance policy with 1 Cr or more coverage, it is important to consider certain factors as listed below:

• Expenses covered: At the time of selecting health insurance plans of 1 Crore to 6 Crore, one should select the amount wisely as it covers the medical expenses for a year. Make sure you choose a sum insured that won’t fall short in case of an emergency and a premium that is not too exorbitant.
• Waiting Period: The waiting period is one clause that you must carefully check and assess before purchasing a policy with a higher sum insured. With Care Advantage, we offer coverage for any fresh or seasonal illness after an initial waiting period of 30 days. In case of accidents, you can file claims starting at midnight. Additionally, there is a waiting period of 36 months for pre-existing diseases and 24 months for a list of specified slow-growing diseases.
• Network Hospitals: One should always check the insurance company's network of healthcare providers. In case of a medical emergency or hospitalisation, the hospitals in the network offer cashless treatment options under this facility; the insurer settles the medical bills directly with the hospital, subject to policy terms and conditions.
• Lifetime Renewability: Look for health policies that offer lifetime renewability. There is a higher chance of suffering from diseases and illnesses when you are old. If purchasing health insurance at a young age, you stand a higher chance of acquiring bonuses, which may be used in later years. Therefore, it is advisable to buy a health policy offering lifetime renewability.
• No Claim Bonus: No claim bonus in 1 cr medical insurance refers to the additional coverage provided by the insurer to the insured if no claim has been made during the year.
• Did you know? Care Health Insurance offers a 10% increase in the sum insured per policy year if you had a claim-free year; the maximum limit to this increase is 50% of the sum insured.
• Your Healthcare Needs: Before opting for a health insurance policy, you must assess your healthcare needs by considering factors such as age, the number of family members, medical history, etc. Consider opting for a cover of 1 to 6 Crore, depending on the medical expenses you might have estimated.
• Premium: Increasing coverage under your existing health policy may incur additional premium charges. However, by opting for a policy with a high sum insured, like a customised 1 Crore Health Insurance Policy, you can look forward to an affordable 6 to 1 Crore health insurance premium rate.
• Buy Health Insurance Online: Technology has made buying a mediclaim policy of 1 Crore easy and convenient. You now have the option to review the best policies comfortably from your mobile or computer screen. Also, you can make premium payments and raise a claim request online.

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