Rs.20 Lakh Health Insurance

A 20 Lakh health insurance policy has a sum insured of Rs.20 Lakh, which implies it covers medical expenditures up to Rs.20 Lakh. A Rs.20 Lakh health insurance policy protects you and your family against the economic burden of hospital bills incurred as a result of an accident, minor injury, illness, or other unusual events. A health insurance policy, as well as the amount covered, can support you in dealing with such an unforeseen event without having to worry about treatment costs.

The best health insurance plans with a sum assured of Rs.20 Lakh are listed below.

1. Oriental Happy Family Floater

Oriental Insurance's Happy Family Floater Health Policy covers medical expenses for the entire family under a single sum assured. Self, Spouse, Children, Parents, and Parents-in-Laws make up the family. The Family Floater Silver and Gold plans are available. This plan allows you to file a claim for medical expenses caused as a result of any illness, injury, or accident that requires hospitalisation.

Features and Benefits

• Expenses incurred while in the hospital for the treatment of a disease, injury, or surgery.
• Expenses incurred within 30 days of hospital admission
• Treatment costs for up to 60 days after being released from the hospital.
• Medical tests are not necessary for people under the age of 45.

2. TATA AIG Medicare

One of the most popular health insurance plans in India is Tata AIG Medicare. The Tata AIG Medicare Insurance Policy covers everything a health insurance policy could possibly cover, from COVID coverage to cashless benefits at 5200+ network hospitals.

Features and Benefits

• There are around 5800 network hospitals in India that accept cashless payments.
• Indemnity coverage is included in addition to hospitalisation for 60 and 90 days.
• The plan covers over 540 procedures and surgeries that do not require an overnight stay in the hospital.
• In the case that a hospital bed is not available, the insurer will cover the cost of care at home. It also covers expenses incurred that included hospitalisation.
• When the receiver is insured, the medical and surgical costs of organ harvesting are reimbursed.

3. Cholamandalam Healthline

Chola MS Healthline is a plan that takes a comprehensive approach to providing medical care for individual and family hospitalisation bills. This policy covers the policyholder as well as his or her spouse and dependent children. Policyholders can include their parents, in-laws, siblings, and other family members when selecting a plan on an individual basis. This plan is available to people between the ages of 18 and 65.

Features and Benefits

• The policy covers inpatient hospitalisation expenses such as fees for treating medical professionals, consumables, equipment, supplies, and occupational therapy, among other things.
• This policy also covers ambulance charges up to Rs.3,000 per hospitalisation.
• The policy has no minimum survival benefit, and the benefit is paid out as soon as the first patient is diagnosed.
• The policy can be obtained quickly and easily by paying the premiums online.

4. United India Individual Health Insurance

Individual and family health insurance policies are available through the Individual Health Insurance Policy. This insurance is divided into three plans: Platinum, Gold, and Senior Citizen. The age of the proposer under these plans can range from 18 to 65 years, and the sum insured amount can range from Rs. 2 Lakh to Rs. 20 Lakh.

Features and Benefits

• The following expenses are covered by the insurance policy:
• Expenses for room and board in hospitals
• Nursing care costs
• Fees for a surgeon, consultant, or medical practitioner
• Dialysis, radiotherapy, chemotherapy, organ transplant costs, and other related costs

5. Go Active

GoActive from Max Bupa is a comprehensive plan that protects you and your family. GoActive is a low-cost, digitally enabled health plan that aims to meet a variety of everyday health needs of the people. The plan covers in-patient hospitalisation, outpatient services, diagnostics and health checks, second medical opinions, individualised health coaching, behavioral change, and other services.

Features and Benefits

• Both before and after a hospitalisation, a significant amount of money may be spent. These expenses could quickly deplete your bank account. The Max Bupa Go Active Policy covers you for 90 days before and 180 days after your hospitalisation.
• Day Care operations are procedures that need fewer than 24 hours of hospitalisation. The Go Active Policy covers day-care therapies as well.
• Depending on the amount insured and the plan choice you select, you will be eligible for a set number of OPD visits.
• The costs of a doctor-prescribed home treatment that would otherwise require hospitalisation are covered. A minimum of three days of in-home hospitalisation is required.

Why Purchase Rs.20 Lakh Health Insurance?

Medical care is costly, particularly in the private sector, so getting health insurance for yourself and your family is critical. Hospitalization can quickly deplete your money account and throw your finances into disarray. It will be considerably more difficult if the individual who brings in the money is now in a hospital bed. All of this can be prevented if you pay a small annual premium to cover your medical expenditures in the event of an emergency.