High Value Risk Cover Health Bima
Opting for a high-value health insurance plan is clearly dependent on your net worth, health insurance needs and future earnings.
If you prophesise the need for medical treatments in a foreign country, you should consider high-value health insurance.
Unless you are a high net-worth individual (HNI), access to high-value health insurance can be challenging due to the higher premium it warrants. However, if you are not an HNI, you can opt for the top-up or super top-up plans to extend the coverage of the basic plan.
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Additional benefits
High-value policies also include other features like restore benefits, free annual health check-ups, optional critical illness riders and more.
Treatments in foreign countries
Provides coverage for medical expenses for treatments in international countries. Compared to medical costs in India, treatment in foreign countries can be more expensive.
Higher coverage limits
The sum insured is usually very high. This ensures almost complete financial protection against high medical costs during hospitalisation or treatment of critical illnesses.
Lower out-of-pocket expenses
With the higher coverage and claim settlement, your out-of-pocket spending on medical treatment is greatly reduced. This provides major financial relief when you are already dealing with health issues.
What is a High-Value Health Insurance Plan?
The sum insured meaning is the maximum limit for which your health insurer will bear the medical expenses, covered under the policy. This is the maximum coverage you get from the plan you choose if your claim is approved.
High-value medical insurance plans are more exhaustive and holistic with enough coverage to match skyrocketing healthcare costs and covering critical illness and new-age treatments. In this article, you will learn about the need for high-value health insurance policies and their unique benefits.
Not long ago, Rs. 5 lakhs or even Rs. 10 lakhs health insurance coverage seemed perfectly adequate. However, with advancements in medical facilities, the cost of healthcare has increased multifold. The health insurance industry is responding to the steep rise in healthcare expenses by offering high-value health insurance policies.
A high-value health insurance plan is designed to cover expensive healthcare treatments. Typically, the sum insured for these policies is higher and can go up to Rs. 1 crore or unlimited.
Sum insured amount is what differentiates high-value medical insurance from regular health insurance.
it also provides coverage for critical illnesses, pre and post-hospitalisation, Outpatient Department (OPD) expenses, organ transplant, advanced-stage cancer, day-care procedure, and other non-hospitalisation coverages.
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