Posted on: Mar 5, 2021 | 3 mins | Written by: HDFC ERGO Team

Get the 1-crore health insurance policy and stay secured!

Do you need 1 cr policy?

With each passing year, medical science is making great progress. Many ailments that were once even hard to detect are now getting cured easily, all thanks to sophisticated equipment and improved medical procedures. As we celebrate these developments, we can't ignore its flipside – the cost. Unfortunately, while our public healthcare is overwhelmed with many patients, there are millions of people in this country who can't afford quality treatment at good private hospitals. Therefore, people opt for health insurance policies to save themselves from financial losses. But even policies have to match the inflation rate and recognize the need of policyholders. In a positive development, we are launching a new 1 Crore Health Insurance called  my:health Koti Suraksha

Do you really need 1 crore health insurance policy?

This question often confuses policy buyers. In our country. But the truth is that you would find many examples where patients and their family members even had to sell their property and assets to pay for the treatment. This is often the case in critical illnesses. The treatment for some diseases is not just costly; they are also time-taking. And day after day, the medical bills pile up. It eats up all the savings of the person and jeopardizes his or her future.

The situation gets grimmer when the patient is the sole breadwinner of the family. In case of a critical ailment that would need prolonged treatment, the patient remains out of work and ultimately resigns ending his source of earning. The family members have to constantly take care of the patient, which adversely impacts their lives. And apart from the emotional and psychological stress on everyone, the medical bills start exhausting the sum Insured in a week or so. Once the threshold is crossed, the family starts paying from their savings. It sounds quite scary, but that's what people go through.

Now that we are living amid a pandemic, no doubt we are more vulnerable than ever. Sadly, it took the coronavirus outbreak for us to see the value of health insurance. Not only there has been a steep rise in demand for health Insurance but policy buyers also want a higher sum insured now. It is crucial to ensure that not only you but all your family members are protected by health insurance because major ailments don't come with a prior warning.

Well, most corporate companies have tie-ups with insurance providers and offer health insurance to their employees. People also buy separate plans for themselves. But the problem lies in the coverage. The sum assured of Rs 10-20 lakhs can seem enough, but given the rising healthcare cost, it often proves to be inadequate. The perception that few lakhs are enough to sustain the individual and their family's health needs is changing. Today, they know that to save ourselves from financial pressure and unnecessary stress, the coverage of your health insurance cover has to be adequate. 

This 1 Crore health insurance policy is loaded with many features and is available in pocket-friendly premiums which can be paid in easy instalments. It has been specially designed to cover everything from Major illnesses, organ transplantation, major surgeries, to COVID-19 treatment. You can buy it even as a family floater plan. The icing on the cake is that you can also save tax up to Rs 1,00,000 under section 80D** . 

When should you buy my:health Koti Suraksha

Well, you should buy this policy early as possible, when young we have a stronger immune system and better metabolism that keeps us protected and safe from most diseases. But at the same time the sedentary lifestyle, high-work pressure, and hereditary reasons coupled with increasing pollution and food adulteration, make us vulnerable and many youngsters are also falling prey to acute and chronic illnesses. With the Rs. 1 Crore health insurance cover you can avail the best possible treatment in your vicinity.

Conclusion

While we cannot prevent diseases, we can undoubtedly take preemptive steps. We can start by leading a healthy lifestyle that includes switching to a balanced diet and exercising regularly. Next, we can prepare ourselves for any possible health scares with the extensive coverage provided by my:health Koti Suraksha  and financially shield ourselves against all possible odds.

Disclaimer:  The above information is for illustrative purpose only. For more details, please refer to policy wordings and prospectus before concluding the sales.

** For tax benefit of upto 1,00,000, both individual / family and parents should be above 60 years of age (ii) For tax benefit of upto 75,000, Individual and family should be below 60 years but parents should be above 60 years (iii) For tax benefit of upto 50,000, Individual and parents should be below the age of 60 years and the above is subject to change in tax laws. HDFC ERGO General Insurance Company Limited. Registered & Corporate Office: 1st Floor, HDFC House, 165-166 Backbay Reclamation, H. T. Parekh Marg, Churchgate, Mumbai – 400 020. Trade Logo displayed above belongs to HDFC LTD and ERGO International AG and used by HDFC ERGO General Insurance Company Limited under license. For more details on the risk factors, terms and conditions, please read the sales brochure/prospectus before concluding the sale. UIN: my:health Koti Suraksha - HDFHLIP21131V012021 IRDAI Reg. No.146 CIN: U66030MH2007PLC177117. UID No. D2-36 Terms and conditions applied.


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