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1 Crore Health Insurance

They say if health is lost, everything is lost, which has been proved many times. With health-related issues rising at a rapid pace, the number of hospitalisation cases has been increased considerably. When a single hospitalisation can wipe off someone’s a major part of savings, having a health insurance cover is imperative to stay protected. Health Insurance is a guarantee to take care of a good proportion of the financial burden if one may be medically unfit. Moreover, one can’t have a hold on fate. The latest outbreak of Coronavirus can be a good example in this regard. In a time where a pandemic strikes the world, and it comes to a halt, a health insurance plan with a sufficient cover can be an ultimate saviour.

In a country like India, 70% of people are still uninsured or underinsured, either because they are unaware of the benefits or 80% of them find it sufficient enough to be covered by the employer-owned health insurance plan.

A report from WHO undermines the rate of health insurance bought in a highly populated country like India. So, it should be made mandatory for each family to have a health insurance plan to take care of futuristic medical contingencies. However, the concern is that despite having health insurance, many a time policyholders remain underinsured.

What is the solution then?

One of the best options is to buy a 1 crore Health Insurance Plan from a reputed health insurance provider.

But before digging into detail, let’s understand the need for such a high sum assured and the benefits we can avail from it.

Why Do You Need 1 Cr. Health Insurance Plan?

If we consider the below reasons, it is quite clear how important having health insurance these days is.

An Evitable Hike in the Lifestyle Diseases in India

Nearly 1500 people die every day because of critical illnesses like cancer, tumors, heart-related issues, kidney, and liver failure. Chronic diseases like blood sugar, hypertension, high and low blood pressure put many people at risk, and the cost of covering these ailments is increasing day by day.

As per the recent facts and figured identified, 89% of health issues costs are borne by people out of their income instead of being paid through insurance. This is an alarming figure, knowing that the prevalence of major illness and ailments in our country and cost is still paid from the individual's pocket.

Cost of major critical illness in India


Approximate Cost

Chemotherapy – per session

Rs 60000 to 2 Lakh

Chemotherapy – cumulative 6 sessions

Rs 20 lakh


Rs 2 – 4 lakh

Liver Transplant

25 – 40 lakh

Breast Cancer Surgery

Rs 6 – 10 lakh

Lung Transplant

15 – 30 lakh

Other expensive procedures like organ transplants, heart-related problems, and cancer in a very advanced state can cost more than Rs 50 lakh. In a fatal disease like cancer, if we include other costs like medicines, tests, immunotherapy drugs, the entire cost to treat the deadly disease can easily reach Rs. 1. So, it is highly recommended to purchase a high-value Health Insurance of Rs. 1 crore.

Hereditary Issues

It is believed that certain chronic illnesses such as diabetes run through the generations as hereditary illness. People with a family history of cancer, heart attacks, blood pressure, and sugar-related diseases or cardiovascular diseases are more prone to contracting the same after a certain age.

A higher amount of health insurance coverage should be taken from a very early age to avoid paying a higher premium to cover oneself against hereditary diseases.

Above the Age of 40 with a Sedentary Lifestyle

Considering the lifestyle, eating habits, inorganic food, social elements, and enemies like drinking and smoking, which is now a social virtue, and a sedentary lifestyle, especially after a certain age, increases the risk of contracting various diseases. Thus, it makes it imperative for the individual to purchase a high-value health insurance policy. Even youngsters these days, because of the nature of their desk jobs, lack of exercise and unhealthy meals are suffering from various ailments at a very young age. This needs to be covered, and post 40 is an age when the chances of getting one of the critical ailments are the maximum. 

Another factor to buy health insurance early to avoid paying a huge amount of premium towards it. To understand this let’s consider the below illustration table, which recommends to by health insurance at an early age:


Sum Assured



21 - 35

1 crore

Rs 23-33000 per annum

Rs. 25500 – 36830 per annum

36 - 50

1 crore

Rs 34410 – Rs 53850 per annum

Rs 37810 – Rs 51270 per annum

51 - 65

1 crore

Rs 55990 – Rs 83690 per annum

Rs 53240 – Rs 77500

 *Gender pricing varies taking maternity and pregnancy benefits into account

Medical Inflation

There was a time when treatment costs for common health issues were not more than Rs 50000 to 1 lakh including hospitalisation expenses. But now, the cost of healthcare treatment is unimaginably rising, which is unaffordable for the common people. To avoid such a stage wherein even the pocket won’t allow the person to get treatment for the disease, a health cover of Rs 1 crore should be bought and thus safeguards one’s savings during the times of medical inflation.

Family Health Matters

Family always comes first to everyone. Considering this, it becomes mandatory to secure the health of every member to avoid any kind of financial distress or losses in case of a medical emergency. It is always better to take a high-value insurance policy like a 1 crore insurance plan to cover the entire family and protect the bread earner against financial losses arising out of medical contingencies.

Stress and Anxiety

Hypertension, psychological problems, and depression are common these days. A person may be financially sound, but if his mental health degenerates, there is nothing that can help him as negativity prevails, and his sole purpose is to end his life. A high-pressure job, disturbing relationships, and monetary issues can have a devastating effect on the person’s mental health, leading to irrecoverable and expensive medical issues. To avoid the same, one must purchase a long term 1 crore health insurance policy.

Features of the 1 crore Health Policy

Some of the common features of these policies are:

  • Normally the waiting period of pre-existing diseases is 2 to 4 years. It may vary from insurer to insurer.
  • Most of the insurance plans offer global emergency synopsis and treatment
  • The scope of cover includes usually in-patient hospitalisation expenses, daycare procedure, domiciliary hospitalization, and OPD expenses etc.
  • In case of critical illness, the travel expenses including airfare are covered.
  • Pre/Post and in-hospitalization along with ambulance benefits are provided.
  • Alternates therapies like Ayurveda, Unani, Homeopathy are also covered by selected insurance companies.
  • Maternity, pregnancy, and childcare expenses are covered by many for a 1 crore health policy cover.
  • These policies are generally designed for people with a handsome net income. However, anyone who can bear the premiums is welcomed.

Benefits of a 1 crore Health Policy 

Some of the alluring benefits offered by this policy are:

  • Lump sum Payment – The insurance company provides a whole and the lump-sum amount on the diagnosis of a critical illness. It can be highly beneficial for the insured in a situation of not being able to earn his normal income and being bedridden in many cases.
  • Daily Cash as a Source of Income – Again, a high cover and its pay-out acts a saviour and a substitute for income. This can also be used for children's education funds or other main expenses, which otherwise could have been taking care of by the insured’s income. In the absence of any regular earning, a high coverage health insurance policy can be quite helpful.
  • Family Cover – Instead of depending on the health coverage provided by the employer which has very low coverage, an individual can buy a high value customized health insurance policy and protect the entire family by buying a family floater plan. This plan gives him/her the option to financially secure the old parents, spouse and children against medical emergencies.
  • Pre/In/Post hospitalization – Other benefits like in-patient hospitalization with a comprehensive room and bed coverage, pre and post hospitalization for a certain number of days etc. are some of the unique features of many renowned insurance companies that offer health coverage of Rs 1 crore.
  • Cashless Treatment – Even for minor contingencies, a visit to the insurance company's network hospitals can be beneficial in availing cashless treatments and avoid the hassle of paying from one’s pocket first and waiting for the reimbursement.
  • Health, Wellness, and Fitness plans – On buying a high valued insurance policy, many insurance companies offer benefits such as wellness programs, diet and fitness regimes, and regular health check-ups.
  • Convenient and Smooth Claim Procedure – With a robust customer service channel, insurer offering these policies always ensure a hassle-free claim settlement.
  • Full Coverage for Critical Illness – Policies covering critical illnesses usually offer 100% the pay-out without any deductions.
  • Protects Against Disability and Personal Accident – Some insurers offering 1 cr health insurance may cover disability and personal accidents as well as in-built or optional cover.
  • Tax Benefits: The policy comes with tax benefit under section 80D of the Income Tax Act of 1961. 

Insurance Companies Offering 1 Crore Health Insurance Policy in India


Plan Name

Sum Assured

Entry Age limit

Aditya Birla

Activ Health Platinum Enhanced

2 lakh to 2 crores

91 days plus

Bharti AXA

Smart Super Health Insurance

5 lakh-1 crore

90 days onwards

Edelweiss Health Insurance

Gold and Platinum Plan(s)

20 lakh – 1 crore

90 days to 65 years

Future Generali

Total Mediclaim Insurance

Up to Rs 1 crore

No age bar

Max Bupa

Heartbeat Family Floater Plan

15 lakh – 1 crore

18 – 65 years

Royal Sundaram

Lifeline Elite Plan

25 lakh – 1.5 crore

18 years and above

Disclaimer: *Paisawiki does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.


  • Q. What are the major critical illnesses covered in 1 crore health policy?

    1. There are about 36 critical illnesses that are life-threatening covered within the high-end insurance policy like cancer, heart attack, hypertension, kidney, and liver-related issues, and many more. The sum assured provided a lumpsum payment, which can also be used as a replacement for income in the happening of the contingency. This also protects against disability and provides an accidental death benefit.
  • Q. What should be the correct criteria to choose a health insurance company to buy a 1 crore health plan from?

    An individual must consider the following factors before investing in a good insurance company for a health cover of Rs. 1 crore:

    • Sum Assured and Coverage
    • Number and kind of ailments covered
    • Other basic coverage like health check-ups, personal accident cover, child education benefit which should be maximum
    • A lower waiting period for critical illnesses.
    • Freelook in period
    • Tax benefits
    • Incurred Claims Ratio and Claim settlement ratio of the company
  • Q. How is the premium determined for buying a 1 crore health policy?

    Premium calculated is determined based on various factors like age, gender, medical report, policy term, additional riders, and many more, which may vary from person to person.

  • Q. Who should buy a 1 crore health policy?

    Any person who has a family history of critical illnesses, who can well afford the premium at any given age, a person who is the sole bread earner of the family and depending on the situation and income of the person, one must invest in this high-end insurance policy. It would not be wise to depend on the employer policy as it may not be sufficient in terms of benefits and coverage offered. A customized health plan covering the entire family is the best suggested.

  • Q. What is the difference between Critical Illness health insurance and Cancer Insurance?

    The differences are:

    Critical Illness Health Insurance Plan

    Cancer Insurance

    A lump-sum amount is granted in case of a diagnosis of a terminal illness, which can further used for recuperation, employment substitute, education for children.

    This covers all expenses related to only cancer. The amount can be used as a substitute for income and to pay for medical expenses.

    Cover a listed number of critical diseases

    Covers pre, early, major, and crucial stages of cancer treatment

    Most appropriate for people who are in the risk of contracting a critical illness

    Most appropriate for people who are at risk of contracting cancer

    Can be added as a rider

    Can be added as a rider, however standalone policy is available

    Long term – 20 years

    Long term – 20 years

Written By: Paisawiki - Updated: 11 February 2021

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