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What is a High-Value ₹1 Crore Health Insurance Plan?

A high-value ₹1 Crore health policy is an insurance plan that can cover the exorbitant medical expenses incurred for expensive healthcare treatments. Due to the alarming rise in the number of critical and life-threatening illnesses in India, such high-value insurance backup is a must. Amid the soaring health service costs, this insurance policy can act as a safety net and eliminate any financial debts that you may incur while covering hospitalisation expenses.

The benefits of such a policy can be enjoyed by both individuals and families. A ₹1 Crore health insurance plan should be purchased as early as possible to claim it at the right time and to successfully overcome the waiting period.

Premiums for ₹1 Crore Health Insurance Plan

The ₹1 Crore health insurance premium that you might have to pay depends on numerous factors. This includes your age, residential location, medical history, lifestyle habits, etc. Moreover, the premium quote for such a high-value insurance policy shall vary from one insurance company to another. Thus, it is crucial to compare the ₹1 Crore medical insurance plans offered by various health insurance companies to enjoy the maximum benefits at a cost-effective premium!

Features of ₹1 Crore Health Insurance

In-Patient Hospitalisation

Covered for minimum hospitalisation of 24 hours

Pre-Hospitalisation Expenses

Up to 30 days

Post-Hospitalisation Expenses

Up to 60 days

No Claim Bonus

10% - 50%

Ambulance Cover


Organ Donor Expenses


Automatic Restoration


Tax Benefits

The premiums paid can be claimed under Section 80D of the Income Tax Act, 1961.



Add-On Covers Available

Repatriation cover, critical illness cover, second medical opinion, global cover, compassionate visit, etc.


Benefits of ₹1 Crore Health Insurance Plans

  • Availability of Add-On Covers

To ensure you have extensive coverage against any medical emergency that comes your way, add-ons are a must! With the help of add-on covers, you can get additional features under the ₹1 Crore health insurance plans that weren’t covered previously. 

  • Lifelong Renewability

Many health insurance policies do not allow policyholders to renew the plan after a certain age. However, the ₹1 Crore health insurance policy provides the feature of lifelong renewability to enjoy medical coverage even when you are older.

  • Secures Hospitalisation Expenses

Be it planned treatment or an emergency medical requirement, the health insurance plan of ₹1 Crore has got your back! All the expenses resulting from hospitalisation shall be secured while you focus on recovering.

  • Tax Benefits

Save a significant amount on taxes by claiming the premiums paid towards the health policy under Section 80D of the Income Tax Act, 1961!

Why do You Need a ₹1 Crore Health Insurance Plan?

You may think a high-value insurance policy is not necessary. Many questions arise when you think of getting a health insurance cover worth ₹1 Crore. Here is why you should buy a high-value health insurance cover:

  • Rising Medical Inflation

Medical costs in our country are rising day by day. Not only COVID-19 but also its after-effects have made medical expenses a mandatory category in daily life. To secure your future and finances, a health insurance policy of high value is necessary.

  • Increasing Number of Critical Illnesses

Life-threatening illnesses such as cancer, cardiac arrests, tumours, etc., have been increasing. Irrespective of their age, everyone is susceptible to these major ailments. This could leave your financial future in uncertainty, and health insurance of high value can help avoid such situations.

Eligibility & Documents Required to Buy ₹1 Crore Health Insurance

For you to be able to get a ₹1 Crore health insurance cover, you should fulfil certain eligibility criteria which are:

  • The entry age is between 18 years to 65 years.

  • The age of dependent children or grandchildren must be between 3 months to 25 years.

Documents required to get this insurance are:

  • Age proof

  • Identity proof

  • Address proof

  • Medical reports

  • Passport-size photographs

What’s Covered Under ₹1 Crore Health Insurance

  • In-Patient Hospitalisation: All hospitalisation expenses incurred, including the operation theatre costs, medicine bills, diagnostic tests, medical practitioner’s fees, costs of surgical or medical appliances, etc.

  • Room Rent Expense: There is no room rent capping in the ₹1 Crore health insurance policy, and you can choose any hospital room of your choice.

  • Daycare Procedure: All types of daycare treatments that do not require 24 hours of hospitalisation are covered under this insurance plan.

  • Pre & Post-Hospitalisation: Coverage for the pre-hospitalisation cost of 60 days and the post-hospitalisation cost of 120 days is offered under such a high-value health insurance plan.

  • Ambulance Cover: Expenses for an emergency road ambulance are covered.

  • Air Ambulance: The cost of facilities for airlifting using medically-equipped speciality aircraft or an air ambulance will be covered without any extra premium payment.

What’s Not Covered Under ₹1 Crore Health Insurance

  • Pre-Existing Ailments: An undisclosed pre-existing disease will not be covered if it is not informed at the time of purchase.

  • Fertility Treatments: Infertility or artificial insemination treatments, as well as treatments related to birth control, are not covered.

  • Pregnancy: Hospitalisation expenses related to childbirth or pregnancy are not covered.

  • Surgery for Gender Reassignment: The expenses resulting from gender reassignment surgeries or related treatment are not covered.

  • Plastic Surgery: Cosmetic surgeries are not covered unless the need arises due to a medical emergency or due to accidental injury.

  • Dental Treatment: Dental surgery is not covered except for accidental injuries.

  • Self-Inflicted Injuries: Hospitalisation expenses incurred due to a suicide attempt are not covered.

How to Buy a ₹1 Crore Health Insurance Policy?

Here is a step-by-step guide to help you purchase the best ₹1 Crore health insurance plans:

Step 1: Visit the official website of the health insurer of your choice.

Step 2: Enter the required details like the age, gender, coverage needed, etc.

Step 3: Browse through various plans and compare them.

Step 4: Choose a plan that suits your medical requirements.

Step 5: Pick any add-on covers in case you require them.

Step 6: Pay your health insurance premium online.

Your health insurance plan shall be issued soon!

Things to Consider Before Buying a High-Value Health Insurance Plan

Here are a few factors to take into account before buying a high-value health insurance policy:

  • Age Criteria

While purchasing a health insurance policy, do keep in mind the age of the family members who need to be insured. This is because, in a family floater policy, the premium cost would depend on the age of the eldest family member.

  • Medical History

Any past history of a hereditary illness in your family or any ailment that you may have suffered earlier can increase the premium of a health cover. Avoid hiding such medical details and disclose them to the insurer to steer clear of claim rejections or policy cancellations. 

  • Lifestyle Habits

An unhealthy lifestyle with habits like smoking and drinking puts you at risk of developing chronic illnesses, and this can increase your ₹1 Crore health insurance policy premium. Make sure you understand the clauses well before purchasing a health policy.

  • Add-On Covers

As the insurance coverage of your ₹1 Crore health plan is higher, it is bound to affect the premium cost. A higher sum insured and additional add-on covers can together lead to a higher insurance rate. This is why it is crucial to only opt for add-ons that meet your insurance needs!

How Much Sum Insured Coverage Works for You

It is hard to predict the exact sum insured amount that might work for you. However, in the following cases, it is advisable to opt for a higher sum insured:


  • If you have a family history of any critical illness.

  • If you work in a hazardous work environment.

  • If you do not have other investments to help take care of possible medical requirements in the future.

  • If you want to safeguard your assets and keep your investments intact in case of any health emergency.

Cost of Critical Illness Treatment in India

Critical Illness

Approx. Treatment Cost

Cancer (Chemotherapy Cycles)

₹1 - ₹2 Lakh

Heart Diseases

₹8.5 - ₹9 Lakh

Liver Transplant

₹25 - ₹30 Lakh

Kidney Transplant

₹6 - ₹6.5 Lakh


Premium for Critical Illness Insurance in India

Here is a list of the estimated premiums of various health insurance policies with critical illness coverage in India:

Insurance Policy

Number of Members

Coverage (₹)

Premium (₹)

Aditya Birla Cancer Secure Health Insurance


Up to ₹1 Crore

Starting from ₹428 per month

Bajaj Allianz Health Insurance Critical Illness plan


Up to ₹50 Lakh

Starting from ₹200 per month

Care Health Assure Insurance Policy


Up to ₹2 Crore

Starting from ₹376 per month

Critical Illness Coverage or ₹1 Crore Health Insurance: Which One Should You Buy?

Certain health insurance plans offer exclusive coverage for critical illnesses, while others come with broader coverage and a higher sum insured. This can easily make it tough to make a choice between the two. Let us check out when each of these covers can be helpful:

  • Health Insurance With Critical Illness Coverage

Such an option is helpful if you want to protect yourself against critical illnesses like cancer, heart disease, stroke, etc. Thus, a health insurance plan with critical illness coverage may be ideal for you if:

  • If any such illnesses run in your family

  • If you suspect that you may be at risk of developing such a condition later in life


  • Health Insurance Cover of ₹1 Crore

A ₹1 Crore health insurance plan will provide coverage for hospitalisation expenses, medical consultant fees, diagnostic charges and more. Using add-on covers, you can also enhance the coverage offered by such a high-value plan.

Reasons to Opt for a High-Value Health Insurance Cover

  • Financially Secures Against Expensive Treatments

With the introduction of advanced technology in medicine, many healthcare treatments can be quite expensive. Such high-cost therapies can easily exhaust your health insurance policy, and this is why you require increased coverage of ₹1 Crore. 

  • Provides Adequate Coverage for Dependents

In case you purchase a family floater policy, the high-value insurance plan can offer adequate coverage against medical emergencies. Thus, you or your dependents do not have to compromise on healthcare! 

  • Acts as a Strong Backup

The high coverage of ₹1 Crore acts as a strong backup in the event of a medical emergency. Instead of worrying about your finances, you can prioritise your health and opt for timely medical treatments.

Who Should Buy ₹1 Crore Health Insurance?

Although the medical insurance cover of ₹1 Crore is suitable for most individuals, people falling in the below categories should definitely consider such a plan:

  • Individuals Over 40 Years of Age

The chances of experiencing health issues increase with age, and thus, individuals over the age of 40 years should consider a high-value insurance policy of ₹1 Crore.

  • Sole Earners of the Family

To avoid spending your savings on covering medical bills, purchasing a health insurance plan of ₹1 crore is a must as the sole earner in the family. You can also safeguard your dependents with a family floater plan.

  • Individuals With a Medical History

The most suitable health insurance option for people with a medical history is a high-value policy. It not only financially protects you against treatment costs but also gives you access to better medical facilities that might be expensive.

Which Type of Health Plan Will Work for You?

To take your ₹1 Crore health insurance coverage up a notch, you can also combine it with a critical illness cover or buy a standalone critical illness plan having a ₹1 Crore cover. If you get diagnosed with a major ailment covered under the policy, you can claim a lump sum benefit to get the best treatment. However, ensure to go through the policy documents and read the terms and conditions associated with the critical illness cover.


A medical emergency could easily burn a hole in your pocket in case you do not have sufficient health insurance coverage. However, a ₹1 Crore health insurance policy could serve as a financial shield against all odds. Apart from covering the medical costs, such a health plan allows you to opt for treatments that are expensive without exhausting the sum insured.

Check out the various health insurance policies available on the Bajaj Markets and get the one that suits your requirements. Enjoy exclusive benefits along with hassle-free premium payments and an easy claim process.

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FAQs on ₹1 Crore Health Insurance Policy

✔️Can a person who smokes also buy a health insurance plan?

Yes, individuals who smoke can buy health insurance. However, the premium will be higher.

✔️What is a cashless settlement in health insurance?

Cashless settlement of claims is a process where the insurer directly pays the costs to the hospital on your behalf. You need not pay anything out of your own pocket.

✔️Is it possible to buy health insurance with ₹1 Crore health cover online?

Yes, buying health insurance online is certainly possible. In fact, most health insurance providers offer a wide variety of medical insurance plans online.

✔️Is a medical test mandatory while buying a health cover?

That depends on the kind of policy that you are buying and the insurer from whom you are making your purchase. It also depends on your age and your medical history, among other factors.

✔️Can I purchase a critical illness cover with my health insurance policy?

Yes. Many insurance providers offer a critical illness cover with health insurance, so make sure you check this beforehand.

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