There are a lot of new inventions in the health care sector with developments in science & technology. Robotic surgeries are soon going to be a common process of treatment in the future. It will be possible that the doctor or the specialists need not be physically present with the patient.
There will be less pain and less loss of blood. But these facilities would cost very high. Cancer treatment is going to cost more than ₹ 70 Lacs. The risk of such chronic diseases & accidents is increasing every day. It’s very important that we should be prepared to avail of these benefits in the future. The only way is – to opt for adequate personal health insurance.
Today as per the emerging needs, health insurers are also coming up with an advanced level of coverage options. Hence it is possible to have a sum insured of ₹ 1 CR in less than ₹ 12000/- per year for a family of Self, Spouse, and 1 child.
Let’s see how:
Before Selecting a plan we should make sure that there is no room rent capping or co-pay.
Here is a suggestion for such plans for maximum coverage at the lowest possible premium.
(All premiums mentioned below are including GST).
Buy two different health policies as mentioned below.
1) Health Insurance cover from GoDigit General Insurance.
Sum Insured: ₹ 10 Lakhs
Premium: ₹ 10111/-
Consider this as the BASE Policy.
2) Buy a Super Top-Up policy from Liberty Health Insurance.
Sum Insured: ₹ 1 CR
Deductible: ₹ 10 Lakhs
Premium: ₹ 1752/-
Total Sum Insured as of now is
₹ 10 Lakhs under the base policy
And next ₹ 1 CR as a Top-up
Total Premium is ₹ 11863/-
The Sum insured will be 1.1 Crore and will increase by 10% in both the policies for every claim-free year.
Similarly
Case 2: Self, Spouse, and 2 children, eldest Member’s age below 34:
₹10 Lakhs Sum Insured Base Policy from Go digit: ₹ 12012/-
Super Top-up policy from Liberty with
Sum Insured ₹ 1 CR and deductible as 10 Lakhs: ₹ 1649/-
Total Premium: ₹ 13,661/-
Case 3: Self, Spouse, and 2 children, Eldest Member age 44:
₹ 10 Lakhs Sum Insured Base Policy from Go digit: ₹ 16239/-
Super Top-up policy from Liberty with
Sum Insured ₹ 1 CR and deductible as 10 Lakhs: ₹ 1812/-
Total Premium: ₹ 18051/-
Case 4: Individual Health Insurance for age 44:
10 Lakhs Sum Insured Base Policy from Go digit: ₹ 7300/-
Super Top-up policy from Liberty with
Sum Insured ₹ 1 CR and deductible as 10 Lakhs: ₹ 959/-
Total Premium: ₹ 9573/-
Case 5; Couple with eldest member’s age 29:
₹ 10 Lakhs Sum Insured Base Policy from Go digit: ₹ 7708/-
Super Top-up policy from Liberty with
Sum Insured ₹ 1 CR and deductible as 10 Lakhs: ₹ 1168/-
Total Premium: ₹ 8876/-
Case 6: Individual Health Insurance for age 25:
₹ 10 Lakhs Sum Insured Base Policy from Go digit: ₹ 4484/-
Super Top-up policy from Liberty with
Sum Insured ₹ 1 CR and deductible as 10 Lakhs: ₹ 687/-
Total Premium: ₹ 5571/-
