9 Lakh Health Insurance

9  Lakh Health Insurance: Your Supreme Health Coverage

The modern universe brings modern upbringings that increase the cost of many things. Also, there is a gradual increase in the cost of medical treatment all over the world. Medical costs increase because of many factors, such as the advancements in medical technology and an ageing population, which altogether result in the cost increase. To meet the medical costs, which increase over time, it is better to select health insurance. A person can select the health insurance for 9 lakh, 10 lakh, etc., depending upon their needs and other criteria. 

What is a 9 lakh health insurance policy?

A 9 lakh health insurance policy offers coverage for medical expenses till ₹9,00,000. This means the health insurance company will offer coverage for your medical bills till the limit in case of hospitalisation, illness, or injury, as per the terms and conditions of the policy.

Need for a 9 lakh health insurance policy

A 9 lakh health insurance policy is important for financial security against unexpected medical expenses. This helps in covering costs such as the surgery, hospitalisation, and other medical treatments; thus, it prevents you from depleting your savings or going into debt at the time of a health emergency.

Benefits of a 9 Lakh Health Insurance Plan

There are several benefits of buying a 9 lakh health insurance plan. Here are the benefits of a 9 lakh health insurance plan.

• Pre- and Post-Hospitalisation Expenses : The policy offers coverage for the medical expenses incurred before and after a hospital stay, like diagnostic tests, consultations with specialists, and follow-up appointments.
• Hospitalisation Expenses : The core advantage is that it helps cover the costs related to hospital stays, like nursing care, surgery costs, room rent, doctor's fees, and medicine expenses.
• Cashless Treatment : Several 9 lakh health insurance policies provide a cashless facility, thus allowing you to get treatment at network hospitals without the need for any upfront payment. The insurer directly settles the bills with the hospital.
• Ambulance Charges : The policy might offer coverage for the cost of ambulance service to transport the insured to a hospital at the time of a medical emergency.
• Other Benefits : Based upon the particular policy, extra benefits may include coverage for domiciliary hospitalisation (treatment at home), day-care procedures, and even maternity expenses, like the newborn coverage. 
• Tax Benefits : Premiums paid for health insurance are generally eligible for tax deductions under Section 80D of the Income Tax Act; thus, they offer a tax-saving benefit. 
• Peace of Mind : Having a health insurance policy gives peace of mind, knowing you have financial security against unexpected medical expenses.

How to Choose 9 Lakh Health Insurance? 

There are many things to be considered to choose the best 9 lakh health insurance. Here are the factors to consider when choosing the best 9 lakh health insurance:

• Age and Lifestyle : Younger people might require less coverage than older people or those with pre-existing conditions.
• Family Size and Medical History : Consider the size of your family and medical history while you choose health insurance. You can select a family floater plan if you have a family and factor in future medical expenses.
• Location : Healthcare costs can differ by city, with Tier-1 cities usually having higher costs.
• Needed Coverage :Choose if you require insurance coverage for particular conditions, maternity advantages, or other add-ons.
• Compare Plans : Compare patiently and look for a health insurance policy that offers coverage for the day-care procedures, hospitalisation, pre- and post-hospitalisation expenses, and alternative treatments.
• Premiums : Make sure that you compare the premiums of various plans and select the one that suits your budget.
• Network Hospitals: Make sure the plan has a wide network of hospitals in your region for cashless treatment.
• Waiting Periods : Make sure that you understand the waiting periods for pre-existing conditions or particular treatments.
• Co-payments, Deductibles, and Sub-limits :Understand clearly the terms to avoid unexpected out-of-pocket expenses.
• Add-ons : Consider riders such as the accidental death benefit, critical illness cover, or maternity coverage depending upon your requirements.
• No Claim Bonus : See if there are any discounts or advantages for not making a claim in previous policy years.
• Renewability : Make sure that the policy provides lifetime renewability. Research the insurer's reputation.
• Read reviews : Make sure that you read reviews from other policyholders.
• Understand the Policy Document Carefully : Read all terms and conditions, like waiting periods, exclusions, and claim procedures. Clarify the doubts with the insurer before buying.

Inclusions in 9 Lakh Health Insurance

There are several things that are included in the 9 Lakh Health Insurance. Let's see what is included in 9 Lakh Health Insurance in general:

1. Room rent : It helps offer coverage for a particular room category, usually a single private AC room.
2. Nursing and boarding charges : Expenses associated with the care and accommodation given by the hospital.
3. Surgeon's, Anaesthetist's, and Doctor's fees : This involves the fees for different medical professionals in the treatment.
4. Medicines and drugs : Costs associated with the prescribed medications.
5. Diagnostic tests : Expenses for X-rays, laboratory tests, and other diagnostic procedures.
6. ICU charges : Costs related to stays in the intensive care unit (ICU).
7. Operation theatre charges : Expenses related to the use of the operating room.
8. Blood, Oxygen, and Other Consumables : It offers the coverage for necessary medical supplies.
9. Pre-hospitalisation and Post-hospitalisation Expenses : Other potential inclusions are the pre-hospitalisation expenses and post-hospitalisation expenses.
10. Daycare Procedures : It includes the coverage for medical procedures that do not need a full overnight stay in the hospital.
11. Domiciliary hospitalisation : Coverage for medical treatment at home (if medically necessary and approved by the insurer).
12. Ambulance charges : Coverage for transportation to the hospital in an emergency.
13. Air Ambulance Charges : In some cases, particularly with higher sum insured policies, air ambulance expenses might be covered.
14. Modern treatments : Health insurance coverage for advanced medical procedures (with respect to the policy limits and conditions).
15. AYUSH Treatment : Coverage for treatment under the Ayurveda, Yoga and Naturopathy, Unani, Siddha, and Homoeopathy systems.
16. Critical Illness Coverage : A few policies provide a lump sum payment upon diagnosis of particular critical illnesses.
17. Maternity Coverage : Coverage for expenses associated with the pregnancy and childbirth (might need a waiting period).
18. Add-on Coverages : Several insurers provide extra coverage choices, such as the co-pay, deductible, or riders, to improve the health insurance policy's advantages.
19. Cashless treatment : The capability to get medical treatment at network hospitals without upfront payment (the insurer will directly settle the bill with the hospital).
20. Sum Insured Restoration : A few policies provide a restoration of the sum insured (either partially or fully) if the initial coverage is exhausted during the policy period.
21. Automatic Restoration : A fewer health insurance makes sure that 100% of the sum insured is restored once in a policy period.
22. Loyalty Discount : 10% discount for choosing the health insurance policy before 36 years and continuously making renewals beyond 40 years of age.

Exclusions in 9 Lakh Health Insurance

There are many things that are not included in the 9 Lakh Health Insurance. Let's see what is excluded in 9 Lakh Health Insurance in general: 

• Pre-existing Conditions : Several policies have a waiting period (e.g., 2-4 years) before offering coverage for the pre-existing conditions.
• Waiting Periods : A general waiting period (e.g., 30 days) generally applies before coverage for illnesses starts.
• Maternity Expenses : Routine maternity care, like delivery and prenatal care, is often not included.
• Cosmetic Surgery : Procedures intended for aesthetic purposes are excluded. 
• Dental Treatment : Routine dental care like fillings and check-ups is generally not included.
• Self-Inflicted Injuries : Expenses associated with the injuries caused intentionally or because of the substance abuse are excluded.
• Mental Illness : Treatment for mental health conditions might not be included or might be limited.
• HIV/AIDS : Expenses associated with the HIV/AIDS treatment might not be included. 
• Hazardous Activities : Injuries sustained while taking part in risky activities (e.g., extreme sports) may be excluded.
• Alternative Therapies : Non-allopathic treatments such as homoeopathy or naturopathy may not be covered.
• Non-Medical Expenses : Items such as the consumables, registration fees, and administrative charges might not be included.
• War and Terrorism : Expenses associated with the war or terrorism are generally not included.
• Outpatient Treatment (OPD) : Routine doctor visits and minor procedures performed without hospitalisation are excluded.
• Obesity Treatment : Weight loss surgeries or treatments are usually not included unless they are medically needed.