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Guide to Buy 2 Lakh Health Insurance Plan in India

Posted On : 01 September 2023, 7 Months Ago. Health-Insurance
2 Lakh Health Insurance

Health plans are saviours of tough times. With medical expenses costing an arm and a leg, medical insurance provides a safety net for your funds. It gives you the freedom to avail yourself of the best medical facilities for your loved ones without worrying about finances. By paying a particular amount of premium annually, you get the benefit of cashless treatment at network hospitals. This blog will guide you through various affordable plans for yourself and your family.

 

Benefits of Medical Insurance

COVID-19 has made us realise the value of healthy life. Along with following a healthy routine, we must prioritise medical coverage for our loved ones because of the following major reasons:

 

  • Cashless Treatment: In case you or any other family members having medical cover fall ill and require hospitalisation, the expenses incurred on the treatment will be borne by the insurer. You can avail of cashless treatment at network hospitals by just presenting your health ID at the hospital.
  • Tax Benefit: The main objective of any health policy is to provide coverage to the insured person but along with this, it also provides tax benefits under ITA (Income Tax Act) section 80D. The premiums paid for health plans are deductible, thus, giving you a tax benefit.
  • Reimbursement Facility: In case you want to get treated at any other hospital which is not under the network hospital of your plan, you can avail of the benefit of reimbursement of your medical bills. After the patient gets discharged, you can claim reimbursement by attaching all the bills incurred during the treatment.
  • Financial Security: The main objective of any health plan is to provide coverage so that you can lead a healthy and happy life. By opting for medical insurance, you can plan and manage your finances in a better manner without worrying about any unforeseen health emergency.

 

Affordable Health Plans

It’s hard to ignore a health plan for your family after getting aware of the benefits it brings to your life. Considering the basic need for coverage, health insurance companies have come up with various affordable plans. It includes plans such as ₹ 2 lakh health insurance. This plan makes sure that you get coverage of ₹ 2 lakhs every year with an affordable amount of premium. In this section, we will explore more about ₹ 1 lakh and ₹ 2 lakh health insurance plans:

 

Niva Bupa - Health Recharge

A brand like Niva Bupa in the medical insurance sector needs no introduction. It has a high reputation and great reviews by the policyholders. It offers a hassle-free claim settlement process along with a high claim settlement ratio. 

 

Health Recharge is a plan offered by Niva Bupa, which provides a sum insured ranging from ₹ 2 lakhs to ₹ 95 lakhs. Some of the key characteristics of the policy are:

 

  • The coverage provided is equivalent to the sum insured.
  • Family coverage is provided for 2 adults and up to 4 children.
  • The premium for the policy starts at  ₹3762/yr.
  • Cap on room rent is not applicable.

 

Star Health Insurance 

Star health insurance offers a family floater plan with a sum insured of ₹ 2 lakhs annually. Key features of the ₹ 2 lakh health insurance cover scheme are as follows:

 

  • It is a floater policy which includes your spouse, dependent parents and newborn child from the 16th day of age.
  • The plan also offers an additional sum insured option.
  • It provides the facility of health check-ups in case of no claim in any year.
  • It provides cover for pre and post-hospitalisation expenses incurred.

 

New India Assurance Health Plan

New India Assurance provides policies with a sum insured starting from  ₹ 1 lakh. It offers ₹ 2 lakh health insurance policy with the following features:

 

  • The plan allows you to rent a hospital room with a cost of up to ₹ 2000 per day.
  • The facility of no claim bonus is applicable for not making a claim for the year.
  • Daycare treatment is also covered under the plan.
  • Pre and post-hospitalisation expenses are covered for up to 30 and 60 days, respectively.

 

SBI Arogya Plus Plan 1

SBI offers various insurance policies, and the most affordable is Arogya Plus Plan 1, which provides coverage of ₹1 lakh.  It consists of the following key qualities:

 

  • It has a network of 13239 cashless hospitals.
  • Pre and post-hospitalisation expenses are covered under the plan for up to 30 days and 60 days, respectively.
  • In case the hospital bed is not available, and the doctor has recommended the treatment at home, then you can get the coverage benefit of up to the sum insured.
  • Ambulance charges of up to ₹1500 are provided per hospitalisation.

 

Bottom Line

You should not wait for adverse times to learn the lesson of having your family covered under a health plan. It is always advisable to plan your financial goals and select coverage accordingly. Don’t forget to compare the available plans on parameters like coverage, premium, network, customer service, etc.

 

Affordable plans like ₹ 2 Lakh health insurance have empowered lower and middle-income groups to cover themselves against uncertain events. Niva Bupa offers plans for every category and caters for the need of every type of policyholder. We have served a number of happy customers with high-quality services. So, don’t delay your purchase decision and opt for a health insurance plans today to make your tomorrow better.

Secure your health with comprehensive insurance plans from Nivabupa

Tell us a bit about you

Whom are you buying for ?
Myself Icon Individual
Wife Icon Husband & Wife
Family Icon Family
Enter valid name
Enter Valid DOB
OTP sent Resend OTP
otp icon
OTP Expires in
I authorize Niva Bupa to call me. This will override your existing registry in DNCR. I want to get my quote and policy details on WhatsApp.
FIND MY PLAN