Health Insurers Offer High-Coverage Plans

Health insurers in India now offer insurance covers worth ₹1 crore or more.

These high-coverage plans are becoming popular due to the increasing demand for private medical care and advances in medical technology.

The article compares the features of a ₹5 lakh cover and a ₹1 crore cover.

A ₹5 lakh cover costs around ₹7,000 per year, while a ₹1 crore cover costs about ₹16,000 per year.

Both covers offer similar basic features, such as room type and restoration of cover for multiple ailments.

However, add-on riders like day one cover for pre-existing conditions and deductibles are more expensive in the ₹1 crore plans.

Some features, like worldwide treatment, are only available in high-coverage plans.

The article suggests that policyholders concerned about specific health risks or willing to spend more for peace of mind should consider a ₹1 crore cover.

Those with smaller plans can still build up large protection over time with renewal bonuses and other riders.