A 1 Crore health insurance policy is extensive and provides vast coverage for the policyholders who opt for it. Getting such a cover would mean that you are fully covered against any unexpected medical emergencies. Read this article to know more about what such a health insurance policy entail.
What is a 1 Crore Health Insurance Policy?
The 1 Crore health insurance policy provides coverage for medical expenses for up to a sum of Rs. 1 Crore or Rs. 100 Lakh. This kind of insurance policy is deemed as a floater type of policy and covers you and your family members.
This policy is more suited towards high-risk individuals who feel like getting a decent insurance plan would not be enough to cover their medical bills.
Premiums to Pay for the 1 Crore Health Insurance Policy
The premiums that you have to pay differ based on your medical history, age, chosen insurer and the type of coverage. When going for this or any other health insurance policy, make sure to check the rates, terms, and conditions that apply.
There are even a lot of health insurance companies who would provide you with a quote so that you get an idea about the affordability of such plans.
Benefits of Getting a 1 Crore Health Insurance Coverage
Getting a 1 Crore insurance coverage is one of the best health insurance plans for both your and your family’s medical needs.
Here is a list of benefits which you get to enjoy upon choosing this health insurance policy:
- Vast Coverage
Getting a 1 Crore health insurance means you get vast coverage ranging from hospitalisation charges due to accidents to life-saving surgeries. You get to avail yourself of extensive treatments, including specialised care.
- Cashless Hospitalisation Facilities
This policy generally offers cashless hospitalisation facilities for the policyholders in-network hospitals. Thereby, it reduces the need for any paperwork and reimbursements – allowing you to focus solely on recovery.
- Provides Financial Security
This goes without saying that having such high insurance allows you to feel secure about your and your family’s future. This gives you confidence in being able to face any kind of unforeseen circumstances better without worrying about financial aid.
- Tax Benefits
Whoever invests in this health insurance plan can benefit from Section 80D of the IT (Income Tax) Act. This act states that you are allowed to get tax deductions based on the premium that gets paid to the insurer.
- No Coverage Limits
With a sum insurance of 1 Crore, you do not have to worry about exhausting your coverage. This grants a lot of protection for you and your family’s needs.
Who is Eligible to Avail the Health Insurance Policy?
The 1 Crore health insurance plans have been designed to provide extensive coverage to the masses. If you are looking to cover your and your family’s extensive health needs, then this policy has you covered. Here are a few common eligibility criteria to follow when purchasing a 1 Crore Health Insurance policy:
- the age of the applicant must be between 18 and 65 years
- applicants need to provide their medical history
- there is a need to provide evidence of stable finances when applying for this policy.
Conclusion
A 1 Crore Health Insurance policy provides extensive coverage that safeguards you and your family during medical emergencies. With features such as wide-ranging coverage, cashless hospitalisation, tax benefits, and no limits on coverage, this policy is a smart investment for those looking for thorough health protection.
Before choosing this plan, make sure you meet the eligibility requirements and are aware of the premiums to make a well-informed choice.
