₹10 lakh Health Insurance Plan

Who Needs a ₹10 Lakh Health Insurance Plan? 

A ₹10 Lakh health insurance plan offers comprehensive coverage beneficial to a variety of individuals. Here's a breakdown of who would benefit most from such a policy:

• Young Professionals and Working Individuals: Young professionals, especially those in their early careers, often overlook health insurance due to their perceived good health. However, a ₹10 Lakh plan ensures they are covered for any unexpected medical expenses, offering them financial security in emergencies. It also provides the advantage of locking in lower premiums at a younger age.
• Families Looking for Financial Protection Against Medical Emergencies: Families with children often need a robust health insurance plan to safeguard against medical emergencies. A ₹10 Lakh plan offers adequate coverage for hospitalisation, surgeries, and other medical treatments for all members, reducing the financial burden during critical health situations.
• Senior Citizens Needing Higher Coverage for Age-Related Illnesses: As people age, the likelihood of health issues and medical conditions increases. Senior citizens require higher coverage to manage treatments for chronic illnesses, surgeries, or other age-related ailments. A ₹10 Lakh health insurance plan provides the security they need for health concerns common in later years.
• People Seeking Tax-Saving Health Insurance Options: Under Section 80D of the Income Tax Act, health insurance premiums are eligible for tax deductions. A ₹10 Lakh health insurance plan offers extensive coverage and helps save taxes, making it an attractive option for individuals looking to maximise their tax savings while securing their health.
• Individuals with a History of Medical Conditions in the Family: If you have a family history of medical conditions like heart disease, diabetes, or cancer, it is wise to invest in higher coverage health insurance. A ₹10 Lakh plan provides more substantial financial protection against conditions that may arise due to hereditary factors, ensuring that you and your family are covered for extensive medical care.

Eligibility & Documents for ₹10 Lakh Health Insurance 

A ₹10 Lakh health insurance plan offers extensive coverage, making it suitable for individuals and families seeking comprehensive financial protection against medical expenses. While specific eligibility criteria and required documents may vary among insurers, the following general guidelines are typically applicable:

Eligibility Criteria

• Age Limit: Individuals aged between 18 and 65 years are eligible to purchase health insurance plans. Some plans offer coverage for children from 91 days onwards when included under a family floater policy. Also, coverage for senior citizens is available, although insurers may require medical screening before approval.
• Pre-existing Conditions: Pre-existing medical conditions are usually covered after a specified waiting period of 36 months, depending on the policy terms.
• Family Coverage: Family floater policies allow coverage for the policyholder, spouse, and children under a single sum insured.

Documents Required

• Identity Proof: Aadhaar card, passport, driving Licence, and voter ID are required documents.   
• Age Proof: Birth certificate, school leaving certificate, and passport are required documents for ₹10 Lakh Health Insurance. 
• Address Proof: An aadhaar card, utility bill (e.g., electricity, water bill), and passport are some address-proof documents that can be used in the application.
• Photographs: Recent passport-sized photographs as specified by the insurer.
• Medical Reports: Medical reports or a health check-up may be required for senior citizens or individuals with a history of medical conditions.

How Does the 10 Lakh Health Insurance Plan Work?

A ₹10 Lakh health insurance plan provides coverage for medical expenses up to ₹10 Lakh. It helps cover costs such as hospital stays, surgeries, and other medical expenses, offering financial protection during health emergencies. Here’s how the 10 Lakh health insurance plan works: 

• Coverage Amount: The plan covers up to ₹10 Lakhs for medical expenses.
• Hospitalisation: It covers costs like room charges, doctor fees, and surgery expenses during a hospital stay.
• Pre and Post-Hospitalisation: It covers medical costs before and after your hospital stay, usually for a set period.
• Cashless Facility: Many insurance companies offer a cashless option, where you don’t need to pay upfront at partner hospitals.
• Claims Process: Depending on the plan, you may need to submit a reimbursement claim or use the cashless treatment option.
• Exclusions: Some pre-existing conditions, serious diseases, or treatments may not be covered.
• Deductibles: Some plans require you to pay a certain amount (deductible) before the insurance starts covering your costs.
• Network Hospitals: Insurance companies usually work with a list of hospitals where you can get cashless treatment.

Inclusions and Exclusions 

Understanding the inclusions and exclusions of your health insurance policy is essential for making informed decisions about your coverage. Inclusions highlight the medical expenses and services covered under the plan, while exclusions outline what is not covered.

Inclusions (Covered under this plan)

Care Health Insurance offers comprehensive coverage for a wide range of medical expenses. The following inclusions ensure that policyholders are financially protected in case of hospitalisation, emergencies, and treatments that do not require overnight stays. These benefits are designed to provide peace of mind and support during critical health situations.

Exclusions (Not Covered)

While health insurance policies provide extensive coverage, certain conditions and treatments are excluded. It is important to know these exclusions to avoid any surprises when seeking medical care.

Calculating the Costs of an INR 10 Lakh Health Insurance Plan

Securing a ₹10 lakh health insurance policy with Care Health Insurance necessitates a thorough understanding of the various factors influencing premium calculations and coverage specifics.

Premium Factors

• Age of the Insured: Insurers employ age-based underwriting to assess risk, with premiums escalating as the insured ages due to a higher probability of health issues.
• Medical History and Pre-existing Conditions: Applicants with pre-existing conditions may face higher premiums or specific exclusions, as these conditions represent an increased risk to the insurer.
• Lifestyle Habits: Engagement in activities such as smoking or excessive alcohol consumption is associated with elevated health risks, leading insurers to adjust premiums accordingly.
• Coverage Add-ons: Supplementary options like maternity benefits or critical illness riders enhance coverage but also contribute to higher premium costs.
• Geographical Location: Healthcare costs vary by region, with urban areas typically incurring higher expenses, influencing the premium structure.

How to Estimate Your Premium?

Estimating your health insurance premium in advance allows you to budget effectively. By considering these factors and using the right tools, you can make an informed decision while purchasing an INR 10 Lakh health insurance plan that best suits your needs.

• Use an Online Health Insurance Premium Calculator: Most insurance providers offer online calculators to help estimate premium costs based on personal details.
• Compare Different Providers: Premiums vary across insurers, so it is crucial to compare policies to find the best deal.
• Check for Discounts: Some providers offer discounts on multi-year policies, family floaters, or early enrollment benefits.

How to Save on Premiums for a 10 Lakh Health Insurance Plan?

To save on premiums for a ₹10 lakh health insurance plan, consider the following strategies:

• Compare Plans: Shop around and compare quotes from multiple providers to find the best deal. Use online platforms to make comparisons easier.
• Choose a Family Floater Plan: Family floater plans, which cover multiple members, are often more cost-effective than individual plans. Consider your family size and needs.
• Opt for a Long-Term Policy: Long-term policies generally offer lower premiums as the risk is spread over a longer period.
• Pick a Lower Sum Insured: If you’re willing to take on a higher deductible, a policy with a lower sum insured can help reduce premiums.
• Maintain a Healthy Lifestyle: A healthy lifestyle can lower your risk of health issues and may lead to reduced premiums. Quitting smoking, in particular, can have a significant impact.
• Choose Essential Coverages: Focus on the coverage you truly need and avoid paying for unnecessary add-ons.
• Consider Deductibles: A higher deductible means lower premiums. Ensure you're comfortable with the amount you'll pay out-of-pocket for medical costs.
• Renew on Time: Renew your policy before it expires to avoid coverage lapses and potential claim issues.

How to Buy ₹10 Lakh Health Insurance Online? 

Buying a ₹10 Lakh health insurance policy online is a straightforward process. Here's a step-by-step guide to help you through it:

Step 1: Visit the Health Insurance Section on Our Website

Navigate to the Health Insurance section on the Care Health Insurance website.

Step 2: Enter Your Details and Select ₹10 Lakh Coverage

Use the premium calculator available on the website to input your personal details, such as age, medical history, and desired coverage amount. Select a health insurance plan that offers ₹10 Lakh coverage. Care Health Insurance provides several plans with this coverage, including:

• Care Supreme: Offers comprehensive coverage with benefits like unlimited automatic recharge and annual sum insured boost.
• Care Plus: Provides extensive coverage options with affordable premiums.
• Care Heart: Designed for heart-related ailments with specialised coverage.

Step 3: Customise Your Plan with Add-ons if Required

Enhance your coverage by adding optional benefits such as critical illness cover, personal accident cover, or maternity benefits. Review the available add-ons and select those that align with your healthcare needs

Step 4: Make a Secure Online Payment

After customising your plan, proceed to payment. Care Health Insurance offers secure payment options, including credit/debit cards, net banking, and digital wallets.

Step 5: Receive Instant Policy Details via Email

Upon successful payment, you will receive your policy documents and details via email. To facilitate seamless communication, ensure you provide a valid email address during the purchase process.

Why Choose Care Health Insurance for ₹10 Lakh Health Insurance? 

When it comes to safeguarding your health and financial future, Care Health Insurance stands out as a trusted and reliable choice. 

• 20+ Years of Expertise: With over 20 years of experience, Care Health Insurance offers tailored health solutions backed by deep industry knowledge.
• 10 Million+ Happy Customers: Join over 10 million satisfied customers who trust Care Health Insurance for their health coverage needs.
• 98% Claim Settlement Ratio: Benefit from a hassle-free claims process with a 98% claim settlement ratio, ensuring prompt and reliable support when you need it most.
• 24/7 Customer Support: Access round-the-clock customer service and claim assistance for any help or queries anytime, day or night.

Get Your ₹10 Lakh Health Insurance Today! 

Get your ₹10 Lakh Health Insurance today and ensure the health and safety of you and your loved ones. With comprehensive coverage, including emergency care and routine medical expenses, you can enjoy peace of mind knowing you're protected. Our instant policy issuance and secure, hassle-free payment options make the process easy and convenient. Trusted by thousands, we provide the coverage you need for a healthier future. 
Don’t wait; secure your health and well-being today! 
Act now and get covered instantly.