45 Lakh Health Insurance

Advantages of Choosing 45 Lakh Health Insurance in India

In today's world, a medical emergency may strike at any moment, and the cost of healthcare is increasing at an unprecedented rate. Simple hospitalisation, critical illness, or an untimely surgery can put immense pressure on finances, so there is a pressing need to invest in adequate health insurance coverage. While most people have basic plans, buying a health insurance policy worth 45 lakh can ensure you and your family are safe from the expenses when required medically. 

In this article, we will discuss the primary advantages of an Indian 45 lakh health insurance policy. This can help you understand why investing in it is a great decision that supports your health and finances.

1. Wider Coverage of Major Medical Costs

A health insurance plan costing 45 lakhs offers cover for a whole lot of health expenses, which include:

• Hospitalisation Costs: It covers rent, doctor visits, nursing fees, and any surgical procedures.
• Surgical Expenses: It provides coverage for major surgeries, such as heart bypass, organ transplantation, and other orthopaedic surgeries.
• Pre- and Post-Hospitalisation Costs: This plan covers pre-hospitalisation expenses (tests, diagnostics, medicines) and post-discharge costs (follow-ups, therapy, rehabilitation).
• Critical Illness Treatment: It covers vital diseases such as cancer, renal failure, and liver transplant, which otherwise may leave you broke.

With such huge coverage, you can get the best treatment without being afraid of extra bills from hospitals.

2. Protection Against Medical Inflation Going Up

The healthcare inflation in India is 12-14% annually, i.e., medical treatment is growing daily. For example:The cost of a heart bypass surgery today is about 5-7 lakh, but in the next 10 years, it will easily touch 15-20 lakh. The treatment of cancer would cost anywhere between 10-30 lakh, depending upon the stage and hospital.

A 45 lakh policy will keep you financially secured even as the medical costs go up in the future.

3. Guarantees Quality Treatment at the Best Hospitals

A wide-ranging health cover allows you to be treated at these good hospitals with zero sticker shock.Cashless hospitalisation is another aspect of most high-value covers. In this case, the insurance company directly pays the hospital, de-emotionalising the cost for your family.

4. Covers Expensive Specialised Treatments

Advanced medical treatments such as:

• Robotic Surgeries
• Stem Cell Therapy
• Immunotherapy for Cancer
• Organ Transplants (Heart, Liver, Kidney)

They are very costly but may eventually save your life. A 45 lakh health insurance policy ensures you can benefit from the latest medical advancements without any care for the cost.

5. Family Floater Option for Comprehensive Protection

A 45 lakh sum insured can be offered as an individual plan or as a family floater plan that covers your:

• Spouse
• Children
• Parents (including senior citizens)

A single high-value policy ensures that all family members are adequately covered under one plan, eliminating the need for multiple low-coverage policies.

6. Tax Benefits Under Section 80D

Investing in health insurance secures your health and offers tax benefits. Under Section 80D of the Income Tax Act, you can claim deductions on the premium paid:

• 25,000 deduction for a self, spouse, and children's policy
• 50,000 deduction if the policy includes senior citizen parents.

This can save a lot of taxes every year.

7. Covers COVID-19 and Other Pandemics

The COVID-19 pandemic has shown how people were unprepared for such unexpected health crises. A 45 lakh insurance policy covers:

• COVID-19 hospitalisation expenses
• ICU and ventilator charges
• Post-COVID complications

This ensures that your finances remain protected even in the case of another pandemic.

8. Covers Alternative Treatments (AYUSH)

Many high-value health insurance plans offer Ayurveda, Yoga, Unani, Siddha, and Homeopathy (AYUSH) treatments, so you have alternatives in health care. This will significantly benefit people who believe in using traditional medicine or even alternative therapies.

9. No Claim Bonus (NCB) for Higher Coverage

Most health insurance companies have a No Claim Bonus (NCB), increasing your sum insured if you don't make any claims during the policy year. For example: While you pay a 45 lakh policy and keep renewing it without claiming for a year, your coverage will rise by 10-50%. It may go as high as 60 lakh.

Several policies come with a super top-up feature, where unused coverage from previous years gets added to your next year's sum insured.This way, your health coverage increases without extra cost.

10. OPCD and Daycare Procedures

Many illnesses and treatments don't require hospitalisation but are very expensive. A 45 lakh health plan covers most of the following:

• Doctor consultations and diagnostics
• Dental and eye care treatments
• Dialysis, chemotherapy, and radiotherapy
• Minor surgeries (cataracts, kidney stones, fractures, etc.)

This means that even non-hospitalisation medical costs are covered.

11. No Financial Burden on Your Family

A medical emergency can drain your savings and force you to take loans or liquidate assets. A high-value health insurance plan ensures:

• Your family's financial stability remains unaffected.
• You don't have to compromise on treatment quality due to budget constraints.
• You avoid medical debt, ensuring long-term financial security.

12. Lifetime Renewability for Long-Term Security

Most 45 lakh health insurance policies come with lifetime renewability, meaning you can continue your policy even into old age, ensuring health security throughout your life.

13. Personalised Add-Ons for Improved Coverage

Many insurance companies offer add-ons like:

• Maternity Coverage – Pregnancy, delivery, and cost of the baby.
• Critical Illness Cover – Lump sum amount in case of severe diseases.
• Accident Cover – Covers medical costs from accidents.
• Daily Cash Benefit: Offers a daily allowance while hospitalised. These add-ons can upgrade your policy according to your health requirements.

14. Easy Claim Settlement Process

Top-notch insurance companies ensure a smooth claim settlement process with:

24/7 customer care for any medical emergency.Cashless claims at network hospitals.Quick reimbursement for expenses incurred outside the network.

This leaves you tension-free during emergencies.

15. Peace of Mind for a Secure Future

Peace of mind is the last but most crucial benefit of a 45 lakh health insurance policy. Knowing that you and your loved ones are well-covered in case of a medical emergency, you can live life tension-free.

Conclusion

Purchasing a 45 lakh health insurance policy in India is a wise decision. It offers comprehensive medical coverage, protection against rising healthcare costs, and financial security for your family. A high-value policy ensures you get the best medical care without financial stress, whether it's critical illnesses, accidental injuries, or pandemic-related expenses.