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Sidharth Kapoor
by on July 29, 2018
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Health is indeed wealth and if you maintain it well, it will help you save tons of money, if you don’t, it will cough up your income and savings before you can even blink. As a result, to maintain, and manage the possible health scars or not in the near future that may poke a hole in your budget, opting for the health insurance is a must.




You would see many people availing high cover-based medical insurance plans, as well as they, wish to have more coverage and don’t want to pay out of their pockets. People also opt for high coverage in a health insurance policy because the coverage offered by their employers are peanuts. It means if they face any urgent situation concerning medical procedures of higher value, they won’t suffice. Hence, it becomes more than a commitment to buy high cover medical insurance plans. Here are some reasons to opt for the high cover based policy.

1) Higher Medical Costs

Although the emergence of science and technology improved medical services by leads and bounds, its costs are also borne by customers availing the services. Thus, opting for an advanced level of medical facility mean coughing up more. Hence, if you have subscribed to a high coverage based health insurance policy, it can help you save from paying from your own pockets.

2) When Your Current Health Insurance Coverage is Not Enough

As discussed earlier that many times the medical insurance coverage provided by your employer or even your own ones ranging from Rs.2-10 lakh won’t suffice complex medical procedures. What’s more, with more Indians becoming well-to-do, their urge to get treated at the best medical facilities is also going up. However, for getting treatments at a noted hospital in key metro cities, you need to have a bulky pocket or a high cover of health insurance policy. Many health insurance companies have started rolling out high cover medical insurance plans starting at Rs.50 lakh. Needless to say, their premiums will be higher, but the coverage that will offer will be worth paying for especially if you have a family history of complex diseases.

3) Organ Donation

Organ donations save lives and even prolongs it. However, the overall cost of a getting a transplant is massive! Example – A liver or liver transplant may cost anywhere between Rs.2o lakh and Rs.50 lakh. Even if you need to deal with the chemotherapy and medicines for cancer, it will suck up few lakhs. Thus, such types of complications demand higher amount of money and high cover health insurance policies can help.

4) For Overseas Treatment

In many cases, there may not be adequate treatment options in the country when it comes to some rare complications but available in foreign countries such as the USA. That’s where you will need huge money for the medical expenses and that’s where the high cover medical insurance plans can bail you out.

5) For Family Coverage

With the passage of time, your responsibility for taking care of family members will rise. It may include your parents and children. To ensure that you don’t pay on your own for covering their medical needs, opting for high cover medical insurance plan will help.

Read Also:

5 Tips for Choosing the Best Medical Insurance for your Family


The Bottom Line.

Whether you reside in a small or a metro city, the cost of managing health-based treatments are surely on the rise. Thus, it is better to ensure that you opt for high cover health insurance policies if you don’t want to land in financial soup!
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