Medical emergencies can strike anyone at any time, often without warning. Quality treatment and hospitalisation costs have recently skyrocketed, making adequate health insurance coverage an absolute must.
A regular health insurance plan with low coverage may not suffice in case of critical illnesses or serious accidents requiring prolonged hospital stays. This is where a one crore health coverage plan with no waiting period can prove to be a game-changer and financial saviour.
In this blog, we will discuss the key benefits of securing a 1 crore health insurance and how it protects you from massive hospital bills and ensures timely treatment without having to arrange funds.
Key Benefits of 1 Crore Health Insurance
A health coverage of 1 crore acts as a protective shield against steep medical costs. Here are some of its significant advantages:
- Sufficient coverage for critical treatments: Critical ailments like cancer, strokes, heart attacks, etc., involve high-cost intensive treatments like chemotherapy, surgery, ICU charges, etc. A 1 crore coverage ensures all these expenses are covered.
- No waiting period on pre-existing diseases: Unlike regular policies, special policies like ACKO Platinum Health Plans offer coverage for pre-existing diseases like diabetes, asthma, etc., without any waiting period. Health insurance with no waiting period ensures timely treatment.
- Covers long hospitalisation: Serious accidents or critical illness treatments may require prolonged hospital stays ranging from weeks to months. The high one crore coverage handles all hospital expenses without capping.
- Handles treatments across hospitals: You can get treated at any network hospital with a cashless claim facility. The insurer directly pays the hospital.
- Lifetime renewability: The policy offers life-long renewal, with the added benefit of a percentage increase in coverage amount each year to account for inflation.
- Restoration of cover: If the entire 1 crore sum is exhausted in a year, you can restore it to 1 crore for the rest of the tenure.
How Does 1 Crore Health Cover Help In Medical Emergencies?
While everyone hopes they never have to deal with medical emergencies, the truth is they can hit anyone unexpectedly. Serious road accidents, heart attacks, sudden organ failures – such emergencies call for prompt, quality treatment. This is where 1 crore health coverage stands like a pillar of strength. It acts as your financial backup to handle expensive treatments without having to run around arranging funds.
Zero Sub-Limits & Deductions
Several regular policies have sub-limits and deductibles, which increase out-of-pocket expenses during claims. However, ACKO Platinum Health Plans offer unprecedented benefits by eliminating such limits and deductions.
There is no co-payment clause. So if your hospital bill is 25 lakhs, you get the entire 25 lakhs without paying any percentage from your pocket.
Likewise, many costs not covered in basic plans, like PPE kits, high-end antibiotics, nebulisation kits, etc., are also covered here without deductions.
Your financial health is given as much priority as your physical health.
Conclusion
Securing a 1 crore health coverage is a prudent way of protecting yourself and your family from medical crises. Read the policy documents carefully and look for hidden terms.
Opting for specialised products like the ACKO Platinum Health Plan with ample sum insured, no co-pays, add-on covers, etc., is advisable instead of basic mediclaim policies.
So act now and invest in this health plan offering comprehensive protection. It might seem like an additional expense at the moment, but it can prove priceless in times of medical uncertainties.
