1 Crore Health Insurance  

What Exactly Is A 1 Crore Mediclaim Policy?

One crore health insurance offers coverage for medical expenses for up to ₹1 crore, or ₹100 lakhs, to the policyholders. You can claim the covered medical expenses incurred by you or your family members under a family floater plan under this policy.

A 1 crore medical insurance policy caters especially to the needs of high-risk individuals, and people who have a high net worth as a decent insurance plan may not be enough for their healthcare-related expenses. Depending on your needs, you can purchase health insurance up to ₹1 crore or as family floater insurance to care for those dependent on you.

6 Amazing Perks of Having a 1 Crore Medical Insurance Policy

• Comprehensive Coverage

In addition to providing a high sum insured value, a 1 crore health insurance plan usually covers various medical expenses, from hospitalisation for accidents to routine checkups. This health insurance plan covers everything, Whether life-changing surgery or diagnostic tests.

• Cashless Hospitalisation

Almost all leading insurance providers, including SBI General, offer cashless hospitalisation to their policyholders in their network hospitals. This reduces the need for extensive paperwork later, and you can focus on getting better without worrying about any claims or reimbursements.

• Family Floater Option

Many 1 crore insurance policies come with the option to cover the policyholder's family to ensure proper coverage for all eligible dependents under one policy.

• Financial Security

A 1 crore health insurance plan can financially protect individuals and families with a high sum insured. If you or your family require advanced treatment in the future, you won’t have to worry about the money necessary for it and can channel your energy toward recovery.

• Health Insurance Tax Benefits

Everyone who invests in a health insurance plan can benefit from Section 80D of the Income Tax Act, which allows you to avail of tax deductions on the premium paid to the insurer. For example, you can avail a maximum of ₹1 lakh tax deductions for a plan for you, your family, and your parents (aged over 60).

• Sum Insured Refill

Many 1 crore health insurance policies can restore the entire sum insured, i.e., 1 crore, in case you need it. This almost entirely eliminates the need to opt for a top-up on your insurance policy.

Top 4 Reasons to Go for 1 Crore Health Insurance in India

You may feel like you don’t need to invest in a health insurance plan, let alone a 1 crore health insurance policy because you are healthy right now and have a decent amount of money saved. However, there are many reasons why investing in high-sum insured insurance is a good idea; some of them are mentioned below:

• Increasing Likelihood of Critical Diseases

Several reports show that people in India, including youngsters and children, are developing chronic and critical conditions such as cardiac problems and diabetes. There is a high risk of developing life-threatening illnesses for everyone; thus, choosing health insurance for ₹1 crore can be quite useful as healthcare costs are at an all-time high and continue to grow.

• Reduced Financial Burden

Even if you have a solid accumulation of funds in your bank, it can quickly deplete in the face of a medical emergency. A 1 crore health insurance usually allows you to refill the entire sum insured for a particular year if needed.

• Optional Add-on Covers

With the option to enjoy added benefits at an additional cost, you can further enhance your coverage under a 1 crore health insurance plan. This offers room for customisation to tailor-make a plan that suits you and your family best.

• Peace of Mind

Often overlooked, the sense of relief one gets from having a 1 crore health insurance plan cannot be understated. If you opt for such a plan, you can enjoy quality healthcare without worrying about the costs involved at every small stage and probably recover faster.

How do I apply for the 1 Crore health insurance plan?

Secure Comprehensive Coverage for Your Health and Peace of Mind

• Step 1: Choose Your Plan

Select the 1 Crore Health Insurance Plan from our comprehensive options that best fits your needs.

• Step 2: Fill Out Application Form

Complete the online application form with your personal details, including identity proof, address proof, age proof, and income details (if applicable).

• Step 3: Upload Documents

Upload scanned copies of the required documents, ensuring clarity and accuracy for swift processing.

• Step 4: Review and Submit

Double-check all information provided, review policy terms, and submit your application securely online.

• Step 5: Payment

Make payment for your chosen plan using convenient online payment options.

• Step 6: Policy Issuance

Receive your policy document digitally via email upon successful payment and verification.

Our user-friendly online platform makes applying for a 1 Crore Health Insurance Plan quickly and effortless. Protect yourself and your loved ones with comprehensive coverage for a secure, worry-free future!

Inclusions and Exclusions in a 1 Crore Mediclaim Policy

A 1 crore health insurance plan from SBI General can look different from a 1 crore health insurance from another provider. However, there are certain common inclusions and exclusions in these policies.

Here is a list of general inclusions in 1 crore health insurance:

1. Pre- and post-hospitalisation expenses
2. Generic disorder treatment expenses
3. Doctor’s consultation fees
4. Expenses for diagnostic tests
5. Outpatient procedure expenses
6. Charges for ambulance services (including air ambulance)
7. Organ donor expenses
8. Cover for bariatric surgery
9. Cataract treatment expenses
10. Alternative AYUSH treatment expenses

You can also opt for add-on covers such as hospital cash benefits, no-claim bonus protectors, and major illness benefits.

How much premium do I pay to buy the 1 Cr. health policy?

Securing a 1 Cr. health policy doesn’t have to break the bank! Our plans offer extensive coverage at affordable premiums tailored to your needs. Premiums vary based on age, medical history, and chosen coverage options. Rest assured, our transparent pricing ensures you get the best value for your investment. With flexible payment options and competitive rates, protecting your health and financial security has never been more accessible. Get peace of mind knowing you’re covered for life’s unexpected twists and turns without stretching your budget. Request a quote today and discover the affordability of our 1 Cr. health policies.

Common exclusions in 1 crore health insurance plan are listed below:

1. Expenses for non-necessary treatments, including cosmetic surgery
2. Experimental or unproven treatment expenses
3. Disposables
4. Medical expenses incurred outside India
5. Rehabilitation for substance abuse

Who Needs a 1 Crore Health Insurance Plan?

Here is a list of people who can benefit the most from a 1 crore health insurance plan:

• High Net Worth Individuals

A regular insurance plan may not adequately cover your healthcare costs if you have a high net worth. To get adequate coverage, you should invest in an insurance plan that offers a high sum insured.

• Individuals with a Risky Lifestyle

People involved with substance abuse or those who have hazardous occupations should consider going for a high-sum insured policy since these individuals are at a high risk of developing critical health problems.

• Individuals Who Have to Take Care of Dependents

If you want your insurance plan to care for your spouse, children, and parents, going for a lower sum insured may not be enough, especially in tier 1 cities.

• Individuals Who Have Pre-existing Conditions

If you have pre-existing conditions, they are likely to worsen over the years. Thus, investing in a 1 crore health insurance can safeguard your finances and your family’s future.

• Individuals with a Family History of Critical Illnesses

People who have a strong family history of diabetes or heart problems are highly likely to develop these conditions themselves. In such cases, it is best to take proactive measures and invest in a high-sum insured health plan.

How to Pick the Best 1 Crore Medical Insurance Policy?

To get the best 1 crore health insurance plan, consider the following:

1. Your preferred hospital should be part of your insurance provider's network.
2. Look for an add-on cover to eliminate the room rent limit in case your plan limits the type of room you can stay in during hospitalisation.
3. Check for your insurance's co-payment clauses and ensure you understand the concept clearly.
4. The claim settlement process should be relatively easy.
5. Review the policy's list of exclusions and look for add-on coverage for items you want to include.
6. A high claim-settlement ratio means that your claim will likely be cleared without much trouble if it is legitimate.
7. Check the waiting period for pre-existing conditions in the policy documents.

Top 3 Factors that Determine the 1 Crore Health Insurance Premium

Here is a list of factors that affect your policy premium:

• Age

Age is the number one factor insurance providers evaluate to determine a policy's premium. The younger the policyholder(s), the lower the premium.

• Medical History

People with pre-existing conditions are considered high-risk individuals in health insurance as they are highly likely to raise claims. Thus, the higher the number or severity of your pre-existing conditions, the higher your policy premium will be.

• Geographical Location

Healthcare costs are rising but are quite high in urban areas compared to rural areas. Thus, your geographical location matters while purchasing a 1 crore health insurance plan.

How Does the 1 Crore Health Insurance Plan Work?

Just like any other health insurance plan, a 1 crore health insurance works in the following way:

• Premium Payment

Depending on your preference and the terms and conditions defined by the insurance provider, you pay the policy premium monthly, quarterly, or yearly.

• Claim Settlement

There are two ways in which you can raise a claim:

• Cashless claims can be availed at any network hospital by sharing your policy details.
• Reimbursement claims can be made by submitting a duly filled-out claim form and supporting documents to receive partial or total compensation for your medical expenses.

• Policy Renewal

Many insurance providers offer multiple-year policy tenures, at the end, you can renew the policy by paying the premium within the time limit.

Who can buy a 1 Cr. health insurance policy?

Our 1 Cr. health insurance policy is designed to offer extensive coverage to individuals from all walks of life. Whether you're a young professional starting your career, a family looking to safeguard your loved ones' health, or a senior citizen planning for retirement, our policy caters to your needs. With no upper age limit and flexible eligibility criteria, virtually anyone can secure this valuable protection. Whether you're in perfect health or managing pre-existing conditions, our policy ensures access to quality healthcare without financial worry. Invest in your well-being and secure a brighter, healthier future for you and your family with our 1 Cr. health insurance policy today.

Documents required to buy 1 Cr. medical insurance

To purchase our comprehensive 1 Cr. medical insurance, you'll need a few essential documents handy:

1. Identity Proof: Provide a valid ID such as an Aadhaar Card, Passport, Voter ID, or Driving License.
2. Address Proof: Submit documents like an Aadhaar Card, Passport, Voter ID, or recent utility bills.
3. Age Proof: Furnish a Birth Certificate, Passport, Aadhaar Card, or Driving License to verify your age.
4. Income Proof (if applicable): Provide Salary Slips, Income Tax Returns (ITR), or Form 16 for income-based eligibility or tax benefits.
5. Medical Reports (if required): Some insurers may request recent medical reports or health check-up results.

Gather these documents and embark on your journey towards comprehensive healthcare coverage with ease.

How to Purchase a 1 Crore Health Insurance Plan Via SBI General

You can purchase the Arogya Supreme Health Insurance from the official website of SBI General or by contacting an agent on the phone—1800 102 1111–or by visiting the nearest branch office. Once you have finalised your policy details, you can pay using any valid payment method and receive your policy documents.

You should review the policy documents to understand the extent of coverage and policy terms and conditions, among other things. This way, you can also learn about the available add-on covers to maximise protection.

How to claim for your one crore health insurance?

When it comes to claiming your one crore health insurance, we ensure a seamless experience. Follow these simple steps:

1. Notify Us: Contact our dedicated claims team immediately after hospitalisation or treatment initiation to initiate the claims process.
2. Document Submission: Provide necessary documents, including medical reports, bills, discharge summary, and claim form for verification.
3. Assessment: Our team will assess your claim promptly and guide you through any additional requirements.
4. Approval and Payment: We settle your claim swiftly upon approval, ensuring you receive the financial support you need during challenging times.
5. Follow-Up: We’re here to assist you throughout the process and address any queries or concerns you may have.

Benefits of Obtaining a SBI General 1 Crore Mediclaim Policy

One of the biggest benefits of a 1 crore health insurance policy SBI General is that it provides extensive coverage; other benefits of the Arogya Supreme Health Insurance are mentioned below:

• Access to more than 6000 network hospitals
• Coverage for pre- and post-hospitalisation
• No claim bonus for every claim-free year with an increment of 15%
• Coverage for about 537-day care procedures on hospitalisation
• Option to refill the sum insured
• Emergency assistance services in India, including air ambulances
• Recovery benefits up to the specified limit
• Opinion from an expert panel of doctors