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Who Should Buy Rs. 1 Crore Health Insurance Cover?

Published On Nov 30, 2021, Updated On Sep 04, 2023

When choosing a health insurance policy, we often stress about how much coverage is enough for us. Selecting the right sum assured is one of the major factors to keep in mind while purchasing health insurance. We often end up buying limited coverage plans and paying hefty medical bills out of our own pockets during medical emergencies. However, if you are covered under Rs. 1 crore health plan, you may not have to worry about the high cost of treatment. In this blog post, we’ll walk you through the process of purchasing Rs. 1 crore of health insurance and who should buy it.  

Health insurance is a financial tool that provides financial protection to you and your family if any medical emergencies arise in the future. There are different types of health plans, such as family floater health insurance, personal health insurance, critical illness insurance, and more. When you purchase any type of health plan, make sure that you choose the right sum assured. Let’s find out who should buy Rs. 1 crore of health insurance coverage and other details. 

Who Should Buy Rs. 1 Crore Health Insurance Cover?

Features of Rs. 1 Crore Health Insurance Plan

Listed below are the key features of purchasing a Rs. 1 crore health insurance plan

  1. Whether it is a planned hospitalization or any medical emergency, Rs. 1 crore health insurance policy will make sure that you have a corpus of funds to get the best care and treatment. 
  2. Similar to other health insurance products, you can also avail tax benefits on premiums paid towards Rs. 1 crore health plan.
  3. If any medical emergency arises, an insurance company will provide financial coverage and ensure your peace during those tough times.

Benefits of 1 Crore Health Insurance Plan

A 1 Crore health insurance plan offers a wide array of benefits that provide policyholders comprehensive coverage and peace of mind. Here's an overview of the advantages:

  • Substantial Coverage: With a sum insured of 1 Crore (10 million), this plan offers extensive financial protection against major medical expenses, ensuring you have access to quality healthcare without worrying about costs.
  • In-patient Hospitalisation: The plan covers hospitalisation for a minimum of 24 hours, ensuring you're supported in case of serious medical conditions that require extended stays.
  • Pre and Post-Hospitalisation: Expenses incurred before and after hospitalisation are covered. Pre-hospitalisation expenses up to 30 days and post-hospitalisation expenses up to 60 days are taken care of, reducing your financial burden during recovery.
  • Ambulance Cover: The plan includes coverage for ambulance expenses, which can be crucial in emergencies where swift medical transportation is essential.
  • Organ Donor Expenses: Organ donor medical expenses are covered, promoting and supporting organ transplantation when needed.
  • No-Claim-Bonus: The policy rewards you for maintaining good health by offering a no-claim bonus ranging from 10% to 50% of the sum insured, encouraging responsible healthcare practices.
  • Automatic Restoration: This feature automatically restores your sum insured if it's exhausted during a policy year, providing continuous coverage for unforeseen medical events.
  • Lifelong Renewability: The plan offers lifelong renewability, ensuring that you're covered throughout your life, regardless of age or health status.
  • Customisable Add-on Covers: You can enhance your coverage with add-on options like cancer cover, critical illness cover, second medical opinion, global cover, repatriation cover, domestic evacuation, and compassionate visits, tailoring the plan to your specific needs.

Who Should Buy Rs. 1 Crore Health Insurance Cover?

Though considering the high rate of inflation in the healthcare sector, it is important for all individuals to secure themselves and their families with a Rs. 1 crore health insurance plan; however, there are some specific individuals who must purchase a higher sum assured plan. 

  1. Past Medical History: If any member of the family is suffering from a critical illness, you must buy Rs. 1 crore health plan. This will ensure that all the costs and expenses of the the medical treatment will be covered by the  insurance company. Therefore, you won’t have to worry about paying treatment costs from your own pocket. 
  2. Sole Breadwinner of Family: You must buy Rs. 1 crore health insurance plan if you’re the only breadwinner of your family. In case of any medical emergency, you will not have to worry about collecting funds to pay hefty medical bills. An insurance company will provide you financial protection upto chosen sum assured, i.e. Rs. 1 crore.
  3. Combat Adulthood Diseases: Individuals are more vulnerable to diseases at an older age. Therefore, if you purchase a health insurance policy with coverage up to Rs. 1 crore, you will not have to worry about incurring medical expenses during your older age. 

How To Purchase Rs. 1 Crore Health Insurance Plan?

Listed below are the steps that you can follow to buy an Rs. 1 crore health insurance plan. 

  1. Browse the official website of InsuranceDekho.
  2. Click on the health category from the drop-down list. 
  3. Provide the required information such as age, gender, medical history, and more. 
  4. Compare and choose the best health plan that meets your medical needs. 
  5. Select any add-on cover to enhance the coverage of your policy. 
  6. Make a premium payment to complete the purchase of Rs. 1 crore health plan. 

Things To Consider Before Purchasing Rs. 1 Crore Health Insurance Plan

Here are some factors that you must take into account when purchasing health insurance with a sum assured of up to Rs. 1 crore. 

  1. Always consider the age of the family members when purchasing high-value health plans because the premium for your family floater health insurance policy will depend on the age of the oldest family member. 
  2. The past medical history of any family member may result in a high premium. Therefore, when purchasing a Rs. 1 crore health insurance plan, make sure that you disclose all the medical history of each family member to an insurance company. 
  3. If you have any unhealthy lifestyle habits such as smoking and drinking, you may have to pay a high premium. Moreover, ensure that you disclose the truth about your lifestyle habits at the time of policy purchase to avoid claim rejection. 
  4. Insurance companies provide certain add-ons that you can buy with your standard health insurance policy by paying an extra premium. Therefore, make sure that you select the right add-ons that cater to your lifestyle and medical needs. 

Final Thoughts 

In conclusion, a Rs. 1 crore health plan is a great source of financial protection against medical emergencies. Make sure that you compare different plans and select the one that best suits your medical needs. You can visit the official website of InsuranceDekho to compare different health insurance policies provided by top insurance providers in India. 


Q. Who should consider purchasing a Rs. 1 Crore Health Insurance plan? 
A. If you want comprehensive coverage against medical expenses and emergencies, this plan is ideal. It's especially recommended for individuals with a history of critical illnesses, sole breadwinners, and those entering older age.

Q. What are the benefits of a Rs. 1 Crore Health Insurance plan? 
A. This plan provides substantial coverage for major medical expenses, including in-patient hospitalisation, pre and post-hospitalisation expenses, ambulance cover, organ donor expenses, and more. It also offers a no-claim bonus, automatic restoration, and lifelong renewability.

Q. How can I purchase a Rs. 1 Crore Health Insurance plan? 
A. To buy the plan, follow these steps: Visit the InsuranceDekho website, choose the health category, provide required details like age and medical history, compare plans, select suitable add-ons, and make the premium payment.

Q. What factors should I consider before purchasing this plan? 
A. Before buying, consider the age of family members, disclose all medical histories, be truthful about lifestyle habits like smoking, and choose relevant add-ons. Premiums may vary based on these factors.

Q. Why is it recommended for individuals with past medical history or critical illnesses? 
A. For those with critical illnesses, a Rs. 1 Crore plan ensures that medical treatment costs are covered, preventing out-of-pocket expenses. The plan also safeguards sole breadwinners and individuals vulnerable to diseases in older age.

Q. Is it possible to enhance my Rs. 1 Crore Health Insurance plan with extra coverage 
A. Yes, you can tailor your plan by adding options like critical illness cover, cancer cover, and second medical opinion for more comprehensive protection.

Also Read: Benefits of Buying Rs. 1 Crore Health Insurance Cover

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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