Health Insurance: Due to the changing lifestyle, serious diseases are increasing rapidly across the world including India. Apart from this, health expenditure is also increasing every year. In such a situation, it is very important to take a health insurance policy for the reason that financial health does not deteriorate due to the expenses related to treatment. This eliminates the worry of hospital related expenses.
While taking health insurance, it is also important to keep in mind that the cost of hospitalization or treatment under any policy is dependent on its coverage. That is, the larger the coverage, the more expenses can be paid through that policy. You may have to go abroad for treatment of some diseases, which increases the expenditure. Most of the insurance companies are also covering treatment abroad, but only if the cover is large, they will be able to take advantage of it. Obviously, taking only health insurance is not enough. This decision is also very important how much coverage you should take. It is important to calculate it correctly.
1 crore health plan will give relief in expensive treatment, know how to get big coverage at a very low premium
This is the mathematics behind the health insurance cover of 10 million
While buying a health insurance policy, there is no formula on how much coverage one should have. However, in today’s circumstances, a cover of Rs 1 crore can be achieved by paying just 20-25 percent more premium than the health insurance cover of 50 lakhs.
The biggest rationale behind taking 1 crore health insurance coverage is expensive treatment. In a private hospital, the initial stage cancer treatment can be spent for Rs 10-15 lakh but if new immunotherapy drugs or precision medicine are included, then this cost can go up to Rs 1 crore.
Given below is an estimated cost of treatment for some diseases, which can be used to estimate why it is necessary to have a large insurance cover. This expenditure also includes the expenses of medical tests, medications, radiotherapy etc. before and after hospitalization.
Disease Treatment – Expenses (Approx)
Liver transplant – Rs 25-36 lakhs
Chemotherapy (per sitting) – 60 thousand – 1.9 lakh rupees
Angioplasty – 1.9-4.2 Lakhs
Breast Cancer Surgery – Rs 6-10 Lakh
Lung transplant – Rs 15-30 lakhs
Serious Heart Problems – Over Rs 50 Lakh
Advanced-stage cancer – more than Rs 50 lakh
Choose a better health insurance plan for yourself, know which policy will get the best coverage
Rapidly increasing fatal diseases
According to the National Cancer Registry Program of the India Council of Medical Research (ICMR), about 1300 people die every day due to cancer. Apart from this, according to global and domestic reports, four out of every 10 people under the age of 70 are at risk of untimely death due to serious diseases like tumors, cancer, heart attacks, kidney failure. Everyday a large number of cases of diabetes and hypertension are being reported, due to which many people are at risk of chronic kidney disease.
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