Health Insurance: Health insurance policy removes the worry of medical expenses, but any health insurance will cover the same expenses as its coverage i.e. sum insured.
Health Insurance: Due to changing lifestyle, serious diseases are increasing rapidly all over the world including India
. Apart from this, health expenditure is also increasing rapidly every year. In such a situation, it is very important to take a health insurance policy so that the financial health does not deteriorate due to the cost of treatment. This eliminates the worry of hospital related expenses.
While taking health insurance, it is also important to note that the cost of hospitalization or treatment under any policy is dependent on its coverage. That is, the bigger the coverage, the more expenses can be paid through that policy.
For the treatment of some diseases, one may have to go abroad, which increases the cost. Most of the insurance companies are now also covering the treatment abroad but will be able to take advantage of it only if the cover is bigger
. Obviously, having health insurance alone is not enough. This decision is also very important, how much coverage you should take. It is important to calculate it correctly.
This is the math behind health insurance cover of 1 crore
While buying a health insurance policy, there is no formula about the coverage that should be there. However, if we talk about 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 argument behind taking 1 crore health insurance coverage is expensive treatment. Cancer treatment in the initial stage in a private hospital can cost Rs 10-15 lakh, but if new immunotherapy drugs or precision medicine are included, this expenditure can go up to Rs 1 crore.
Given below is an estimated cost of the treatment of some diseases, which can give an idea of why it is necessary to have a large insurance cover. This expenditure also includes the cost of medical tests, medications, radiotherapy, etc., before and after hospitalization.
Disease treatment – Expenses (approx)
- Liver transplant – Rs 25-36 lakh
- Chemotherapy (per sitting) – Rs 60 thousand
- -1.9 lakh Angioplasty – Rs 1.9-4.2 lakh
- Breast cancer surgery – Rs 6-10 lakh
- Lung transplant – 15-30 Rs
- serious Heart Problems – more than Rs 50 million
- advanced-stage cancer – 50 million more than Rs
fast growing 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 premature death due to serious diseases like tumours, cancer, heart attacks, kidney failure.
A large number of cases of diabetes and hypertension are being reported every day, due to which many people are at risk of chronic kidney disease.
