Archive · 12 Jun 2025
Growing Demand for ₹1-Crore Health Insurance in India
Many people in India are buying health insurance that covers up to 1 crore rupees because medical bills are getting very expensive.
Insurance companies are seeing more people buy these plans.
One big reason for this is that treatments for serious illnesses can cost a lot of money.
To get this kind of coverage, people can buy a single insurance plan, or they can combine a basic plan with an add-on.
Some experts recommend starting to buy insurance early, so you will be covered, even if you get sick.
Insurance experts also recommend gradually increasing coverage and considering plans with extra benefits, but each option has advantages and disadvantages.
Demand for ₹1-crore health insurance is rising in India due to increasing medical costs.
Policybazaar saw a significant increase in sales of ₹1-crore policies in 2024, with continued growth expected.
Experts recommend ₹1-crore coverage to address the rising costs of healthcare and medical inflation.
Options for securing comprehensive coverage include base policies, super top-ups, and plans with increasing cover.
Comprehensive plans and plans with super bonus add-ons have pros and cons compared to base policies and super top-ups.
- Who
- Individuals seeking health insurance coverage.
- What
- Increase in demand for ₹1-crore health insurance policies in India.
- When
- Demand has increased recently, with sales rising in 2023 and 2024.
- Where
- India
- Why
- Due to rising medical costs and medical inflation.
Pros of Comprehensive Plans and Super Bonus
Pros of Base Policies, Super Top-Ups
Cost
Pros of Comprehensive Plans and Super Bonus
Offers straightforward and practical coverage.
Pros of Base Policies, Super Top-Ups
Can be expensive in the long run.
Features and Benefits
Pros of Comprehensive Plans and Super Bonus
Comprehensive plans offer loyalty bonuses and unlimited restoration.
Pros of Base Policies, Super Top-Ups
Super bonus add-ons might increase in price significantly.
Security
Pros of Comprehensive Plans and Super Bonus
Offers coverage for consumables with no caps.
Pros of Base Policies, Super Top-Ups
Super bonus plans are not secure as a base plan.
- Policybazaar Sales (2023)
- 4,427 policies
- Policybazaar Sales (2024)
- 9,739 policies
- Cancer treatment cost (2015)
- ₹2-3 lakh
- Cancer treatment cost (approximate current)
- ₹4-6 lakh
- Heart bypass cost (a decade ago)
- ₹3 lakh
- Annual premium (Niraj Dugar)
- ₹27,000
- Annual Premium (Bhumica Aggarwal's father)
- ₹87,000