Do you need a High-Value Health Insurance Policy?
The sum insured in high-value health plans is much higher than that in regular health insurance policy. In these high-value health plans, the sum insured might range from INR 25 lakhs to INR 6 crores, which is well above the coverage that you choose in a regular health plan.
The best health insurance companies offer high-value health insurance policies, but you might wonder whether you need such high-value plans.
The cost of healthcare in India increases at a rate of 14 per cent every year, more than double the overall inflation. Rising healthcare expenses are urging people to opt for a higher sum insured and wider coverage benefits. High-value health insurance plans benefit you as they allow better coverage and prove sufficient to cover your medical costs.
Benefits of High-Value Health Insurance
Sufficient Coverage:
A high-value health insurance policy provides comprehensive coverage, which enables you to meet the expenses of serious and critical diseases such as treatment of advanced-stage cancer, heart attack, strokes, organ donation, major organ/bone marrow transplant, heart bypass surgery, benign brain tumour, etc. Since the sum insured is high, you can get sufficiently covered for advanced treatments.
Wider Coverage Features:
Another advantage of high-value health plans is their comprehensive coverage features. High-value plans tend to include many more features along with the basic coverage features of a low-value health plan. You might get additional coverage for daily hospital cash benefits, air ambulance, cash allowance for accompanying a minor, inbuilt maternity cover, OPD expenses, etc., which makes the plan more inclusive.
International Treatment:
Many high-value plans also extend coverage for international treatments. If you suffer from a medical emergency while travelling abroad, you can avail yourself of treatments at international hospitals, and the plan will cover the expenses incurred. Moreover, international treatments are also allowed for serious illnesses under many plans.
No Sub-Limits:
These high-value plans have no sub-limits on the hospital room rent. You are allowed a single private AC room without any limits. Moreover, under other coverage features too, a higher coverage limit is allowed. For instance, under high-value plans, the limits on maternity coverage can go up to INR 1 lakh for standard deliveries, which usually range from INR 30,000 to INR 40,000 in regular plans.
