1 Crore Health Insurance Plan

Health Insurance in today's time is no less than a necessity, especially when there has been an exponential rise in the number of life-threatening diseases in India. To secure yourself and your family with life's uncertainty, it is imperative to choose a health plan with a high sum insured.

With a health insurance plan of Rs. 1 Crore, you can ensure financial protection to your family members. However, choosing the most suitable plan for yourself from a pool of health insurance plans can be a daunting task. To make it easier for you, we are here with a list of 5 best 1 crore health insurance plans in 2020. Let’s find out more about them.

List of 1 Crore Health Insurance Policies

1. Activ Health Platinum Plan- Enhanced

   The plan covers all medical expenses arising due to treatment and hospitalization.

   Eligibility Criteria:

   1	Minimum age at entry	91 Days
   2	Policy term	1, 2, or 3 years
   3	Maximum Sum Insured	2 Crores

   *The sum insured is only available for Platinum Variant.

   Benefits:

   • The policy plan pays for the room charges, nursing expenses and intensive care unit charges, anaesthesia, surgeon's fee, doctor's fee, blood, oxygen, operation theatre charges, etc.; in case the policyholder is admitted to a hospital for in-patient care (minimum period of 24 consecutive hours).
   • The policy covers pre and post-hospitalization expenses for up to 30 and 60 days respectively.
   • Under this policy, the expenses incurred by the policyholder for availing a domestic road ambulance during hospitalization would be reimbursed.
   • Under the Income Tax Act 1961, you can avail of the tax benefits on the premiums paid.

2. Care Health Insurance Plan (formerly known as Religare Care Health Insurance Plan)

   Care Health Insurance is a comprehensive health insurance policy through which a policyholder can ensure his and his family’s safety against financial risks arising out of a medical emergency.

   Eligibility Criteria:

   1	Minimum age at entry	91 Days
   2	Policy term	1, 2, or 3 years
   3	Maximum Sum Insured	6 Crores*

   *The sum insured is only available for Platinum Variant.

   Benefits:

   • The policy plan pays for the room charges, nursing expenses and intensive care unit charges, anaesthesia, surgeon's fee, doctor's fee, blood, oxygen, operation theatre charges, etc.; in case the policyholder is admitted to a hospital for in-patient care (minimum period of 24 consecutive hours).
   • The policy covers pre and post-hospitalization expenses for up to 30 and 60 days respectively.
   • Under this policy, the expenses incurred by the policyholder for availing a domestic road ambulance during hospitalization would be reimbursed.
   • Under the Income Tax Act 1961, you can avail of the tax benefits on the premiums paid.

3. Max Bupa Health Premia

   Max Bupa Health Premia Plan is a comprehensive health insurance policy that offers a suitable cover up to 3 Crores for your family’s healthcare needs.

   Eligibility Criteria:

   1	Minimum age at entry	91 days
   2	Policy term	1 or 2 years
   3	Maximum Sum Insured	3 Crores*

   *The sum insured is only available for Platinum Variant.

   Benefits:

   • Under this policy, the policyholder will get covered for pre and post-hospitalization expenses. The period of the treatment covered is up to 90 days before admission to the hospital and up to 180 days after discharge from the hospital.
   • The policy provides maternity benefits and will cover the vaccination expenses of the newborn baby.
   • Under this cover, accident cover is given along with enhanced protection for more than 20 major critical illnesses.



4. Bharti AXA Smart Super Health Insurance

   This plan comes in three variants– the Value Plan, the Classic Plan, and the Uber Plan. The policy covers hospitalization expenses and offers a range of useful add-ons.

   Eligibility Criteria:

   1	Minimum age at entry	91 Days
   2	Maximum age at entry	65 Years
   3	Policy term	1, 2 or 3 years
   4	Maximum Sum Insured	1 Crore*

   *The sum insured is only available for Uber Variant

   Benefits:

   • Under this plan, the policyholder will get covered for pre (up to 60 days) and post-hospitalization (up to 90 days) charges.
   • The policyholder is entitled to AYUSH Treatments and in-home hospitalization is also covered.
   • Outpatient expenses such as emergency treatment will also get covered under this policy.
   • The policyholder has the option to choose for critical illness cover/hospital cash.

5. Royal Sundaram Lifeline Health Insurance

   It is a comprehensive health insurance plan that comes in three variants- Elite, Supreme, and Classic. The elite plan comes with a wide range of medical benefits that cover critical illnesses, international treatment, maternity expenses, among others.

   Eligibility Criteria:

   1	Minimum age at entry	91 Days
   2	Policy term	1, 2 or 3 Years
   3	Maximum Sum Insured	1.5 Crores*

   *The sum insured is only available for Elite Variant.

   Benefits:

   • The plan offers a wide range of insurance benefits with lifetime renewability.
   • The plan covers maternity expenses up to 2 deliveries.
   • Pre (up to 60 days) and post-hospitalization (up to 180 days) expenses are covered.

Why Choose 1 Crore Health Insurance?

Most people ignore the amount of cover they need according to their family size and requirements and end up facing financial crunch at the time of medical emergencies. Let's understand this with an example:

There is a family of 4 members (husband+wife+2 children), where only the husband is the earning member. Among them, 1 is diagnosed with cancer. So, they buy a health insurance plan of 25 lakhs (sum insured). With continuous treatments, their present plan is not able to cover all the expenses and ultimately, the family is in a financial turmoil. The situation would have been different if the family would have opted for a health insurance policy with a higher amount of sum insured (1 Crore).

If you have a history of critical illness in your family, it’s always better to have a 1 Crore health insurance policy. Yes, you do have to pay a high premium for it but at the same time, you can rest assured that all your medical expenses (for expensive treatments) are looked after.