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1 Crore Health Insurance Plan

Published On Oct 17, 2020 5:30 AM By Gunjan Anand

Why Should You Choose Rs. 1 Crore Health Insurance Plan?

Health care costs have gone up in the last decade, significantly, in many middle-higher income countries like India, and most of it is still borne out-of-pocket. Lifestyle changes have also resulted in the early onset of critical illness worldwide. A health insurance cover, thus, has become a necessity these days.

Why is Higher Insurance Coverage Required?

In this new era where the world is struggling with new viruses, pollution with its adverse effects on the human health, the increased value of insurance coverage is important due to the following reasons:

Covid 19 Has Led To New Risk Factors

The novel Coronavirus has brought down entire nations to their heels and revealed the stark reality of the levels of unpreparedness in healthcare, even amongst the most developed countries.

The cost of Covid treatment in private hospitals across India, according to some sources, often runs upwards of Rs. 5 lakh. Before the launch of Covid specific insurance products, under the direction of the Government of India, the treatment expense was mostly out-of-pocket. In many cases where entire families were infected and had to undergo hospitalization in private hospitals, the cost of treatment is back-breaking.

Inflation In The Medical Care Facilities

 According to a 2013 Forbes report, the cost of healthcare in the USA had increased 1.5 times between 2004 and 2012; when compared to costs 20 years ago, the increase was almost threefold. Though not officially confirmed, India has witnessed similar trends. The estimated cost of critical care like chemotherapy is around Rs. 20 lakh. Organ transplants are much more expensive, taking donor costs into account sometimes they cost upwards of Rs.50 lakhs.

Rise In The Lifestyle Diseases Statistics 

Long hours at the desk, sedentary lifestyles like binge-watching instead of physical activities, and stress-related to work, relationships, and finance have started taking a huge toll in the middle age group of 35-45 years. Doctors are concerned at the growing number of the reported first occurrence of a stress-induced heart attack at ages as early as 25. Prevalence of diabetes, hypertension, and an increasing number of cardiac conditions across all age groups is equally alarming

Out-of-Pocket Expenses

Sadly, with increasing healthcare costs, most of India has witnessed increased financial strain as a large majority of households are still under/uninsured and end up paying out-of-pocket. According to some studies, in India, around 5% of the population goes below the poverty line, every year, due to healthcare expenses.

To protect Indian households from substantial medical bills, some insurance companies have come up with the “Rs. 1 crore health insurance” in recent years:

Insurance Company


Sum Assured (max.)


Aditya Birla Health Insurance

Active Assure-Diamond

Rs. 2 crore

Max Bupa Health Insurance

Health Premia

Rs. 3 crore

Royal Sundaram Insurance

Lifeline Elite

Rs. 1.5 crore

Manipal Cigna Health Insurance

ProHealth - Premier

Rs. 1 crore


There is a rising debate about the real benefits of the Rs. 1 crore health insurance plans which typically has been a product for High Net-worth Individuals until now. With growing concerns of financial preparedness of entire families requiring hospitalization for Covid, middle-class India has now started realizing the importance of higher coverage. According to reports, the percentage of people opting for plans with higher coverage (above Rs. 50 lakh) has increased by almost 50%, post-Covid 19. 

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.

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