What Is High-Value Health Insurance?
Gone are the days when a sum insured of INR 10 lakhs was enough to cover you and your family against medical expenses. Given the rising medical inflation, it is important to invest in high-value health insurance. Now you may ask what is high-value health insurance? How will it help you, and should you invest in one?
Allow us to answer all your questions effectively so you can make the best purchase decision for yourself and your family.
A high-value health insurance plan offers coverage against advanced medical treatments that may be expensive for a basic health plan to cover. Typically, for high-value health insurance, the sum insured goes up to INR 1 crore. Such plans protect you from hefty medical bills caused by advanced medical treatments or life-threatening illnesses.
Key Takeaways
- A high-value health insurance is a health plan typically with a sum insured of INR 1 crore or more.
- Efficient in covering you against life-threatening ailments and providing global healthcare amongst other features.
- Ideal for those with a single earning family member and a history of illnesses like cancer, heart ailments, or others.
- Some of the best-selling high-value health insurance plans are offered by Star, Care, Aditya Birla, and other leading health insurance providers.
Best Selling High-Value Health Insurance Plans
Below are some of the best-selling high-value health insurance plans you must look at before buying health insurance:
| High-Value Health Plan | Sum Insured (In Rs.) | Key Features |
|---|---|---|
| Niva Bupa Aspire | Up to 1 Crore | Covers maternity, IVF, and legal adoption; Pay premiums as per your entry age till you claim; Avail cashback after every claim-free year |
| Star Health Assure | Up to 2 Crores | Emergency road ambulance; Organ donor expense cover; Star wellness programs |
| Care Supreme | Up to 1 Crore | Unlimited automatic recharge; Unlimited e-consultations; Optional benefits |
| Aditya Birla Activ One Nxt | Up to 2 Crores | Protection against medical inflation; No capping on expenses like room rent, ICU charges, etc.; Refills your cover up to 100% |
| Care Critical Mediclaim | Up to 2 Crores | Covers 32 defined critical illnesses; Surgical procedures covered; Lifelong coverage |
Features Of High-Value Health Insurance
Let us understand the features that set high-value health insurance apart from regular health insurance plans:
- Extensive Coverage
Extensive coverage includes critical illness coverage, maternity coverage, modern treatments, daycare procedures, and more, providing effective and comprehensive healthcare. - No Room Rent Limits
A high-value health insurance plan comes with no room rent limits and higher coverage for other medical treatments like maternity and child care limits, AYUSH treatment sub-limits, and more. However, sub-limits may vary from plan to plan. - Access to the Best Overseas Medical Care
High-value health insurance plans allow you to seek medical care across the globe without worrying about finances. - Safeguard Finances
Higher coverage means fewer out-of-pocket expenses as all medical treatments will be covered by your health plan as per the terms and conditions. - Additional Benefits
High-value health insurance plans come with additional benefits such as wellness programs, loyalty discounts, webinars with health professionals/doctors, personal coaches, and more.
Is High-Value Health Insurance Worth It?
A health insurance plan is no longer a luxury but a necessity. It is essential to invest in a high-value health plan as it is an efficient tool for protecting your hard-earned savings. In case of health complications, high-value health insurance acts as a shield against ever-increasing medical bills.
Who Should Buy High-Value Health Insurance?
Investing in a high-value health insurance plan depends on factors like income, liabilities, dependent family members, medical history, and lifestyle. Consider investing in a high-value health insurance plan if:
- You are a frequent traveler.
- You have an unhealthy lifestyle.
- You are prone to life-threatening ailments such as heart ailments or cancer.
- Your job involves life-threatening situations.
- You desire health coverage with a large sum insured amount.
Wrapping It Up
It is best to understand the terms and conditions of a high-value health insurance plan before investing in one. Not everyone requires a high sum insured and should avoid paying extra premiums unnecessarily. However, it offers significant advantages for individuals with families or those planning to start one.
Read the policy documents carefully. If you are still confused, connect with our PolicyX insurance experts for personalized advice.
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