Do you really need a Rs 1 crore health cover?

We often wonder how much health insurance cover one should buy. With medical costs rising every day, this question has become even more critical. As a result, many insurers are launching healthcare policies offering as much as Rs 1 crore coverage. But do you really need such a high cover? What does a Rs 1 crore cover offer? A Rs 1 crore health insurance policy is no different from a standard policy, except for the much higher coverage limit. It covers hospitalisation expenses, doctor consultations, surgeries and major treatments. It also comes with benefits such as no restrictions on hospital room categories. However, exclusions remain the same as regular policies. It doesn't count for cosmetic procedures, weight loss treatments and routine dental or vision care (except cataract surgery). Suggested read: 8 essential tips to choose the right health Insurance How much does it cost? Let us consider a family of four - a 40-year-old husband, 39-year-old wife and two children (aged 10 and 8), living in Delhi with no pre-existing illnesses. Below is a comparison of annual premiums for Rs 1 crore and Rs 25 lakh covers. Insurer Plan name Premium for Rs 1 crore cover (in Rs) Premium for Rs 25 lakh cover (in Rs) Care Ultimate care 49,971 38,254 Niva Bupa Aspire Gold+

This article was originally published on March 17, 2025.