2 lakh Health Insurance

Check the key features, coverage details, and premiums for health insurance plans with Rs. 2 lakh coverage.
Get Quote
2 lakh Health Insurance
Get Quote
3 min
17-November-2023

In the realm of healthcare, financial preparedness is as critical as the quality of medical care received. A health insurance policy serves as a safety net, providing a shield against unexpected medical expenses. The Rs. 2 lakh health insurance plan emerges as a versatile option, offering a substantial coverage amount while maintaining affordability.

Benefits of medical insurance

A health insurance policy provides several benefits that help you stay financially secure in case of medical emergencies. Some benefits include:

  • Financial protection: A health insurance policy provides financial security and helps you overcome the financial burden of medical expenses.
  • Comprehensive cover: A good medical insurance policy also provides coverage for different medical expenses, including hospitalisation, pre-, and post-hospitalisation expenses.
  • Affordable health plans: A medical insurance policy offers coverage against a host of medical expenses at an affordable price.
  • Tax benefits: By investing in a health insurance policy, you can avail tax benefits under Section 80D of the Income Tax Act.

Affordable health insurance plans with Rs. 2 lakh coverage

Contrary to the misconception that comprehensive health coverage comes with a hefty price tag, the reality is that Rs. 2 lakh health insurance plans strike a balance between affordability and substantial coverage. The premium for these plans is designed to be accessible to a broader demographic, making health insurance a feasible investment for a larger segment of the population.

Moreover, the affordability of these plans does not imply a compromise on features. They often include essential coverage elements such as hospitalisation expenses, pre- and post-hospitalisation costs, ambulance charges, and coverage for daycare procedures. This ensures that policyholders receive a holistic health insurance package without straining their financial resources.

Bajaj Finance is one such platform that offers multiple health insurance plans that provide coverage of up to Rs. 2 lakh. These plans are available at pocket-friendly prices and are affordable for all.

You can also check Rs. 1 lakh health insurance plans, their coverage, and premiums.

Eligibility criteria for Rs. 2 lakh health insurance plan

The eligibility criteria for a Rs. 2 lakh health insurance policy varies from one insurance provider to another. However, generally, any person between the age group of 18 to 65 years with a good medical history can opt for the policy.
The insurance provider may also check the individual's health condition before accepting the policy application.

You can explore Pocket Insurance policies providing coverage of up to Rs. 2 lakh offered through Bajaj Finance.

What is the need for health insurance in India?

As India undergoes rapid socio-economic changes, the need for health insurance has become more apparent than ever. Several factors underscore the importance of having a health insurance policy:

Rising healthcare costs

The cost of medical treatment and hospitalization has seen a significant increase in recent years. Without health insurance, individuals may find it challenging to bear these expenses, leading to financial strain.

Prevalence of lifestyle diseases

Lifestyle diseases, such as diabetes and cardiovascular disorders, are on the rise. Health insurance provides coverage for the treatment of such conditions, ensuring timely medical intervention.

Financial security during emergencies

Medical emergencies can occur without warning. Health insurance offers financial security, allowing individuals to access quality healthcare without delay.

Increasing incidence of critical illnesses

The incidence of critical illnesses, such as cancer and heart disease, is escalating. Health insurance plans often include coverage for the treatment of critical illnesses, providing a vital financial cushion.

In conclusion, a Rs. 2 lakh health insurance plan strikes a balance between affordability and substantial coverage, making it an attractive option for individuals and families alike. The benefits, affordability, and flexibility of these plans contribute to ensuring that healthcare remains accessible and manageable.

As the need for insurance in India continues to grow, these plans stand as a reliable safeguard against the uncertainties of health-related expenses.

Related videos

Disclaimer

Insurance is the subject matter of solicitation. *T&C Apply - Bajaj Finance Limited (‘BFL’) is a registered corporate agent of third-party insurance products of Bajaj Allianz Life Insurance Company Limited, HDFC Life Insurance Company Limited, Future Generali Life Insurance Company Limited, Bajaj Allianz General Insurance Company Limited, SBI General Insurance Company Limited, ACKO General Insurance Limited, ICICI Lombard General Insurance Company Limited, HDFC ERGO General Insurance Company Limited, Tata AIG General Insurance Company Limited, Niva Bupa Health Insurance Company Limited , Aditya Birla Health Insurance Company Limited, Manipal Cigna Health Insurance Company Limited and Care Health Insurance Company Limited under the IRDAI composite CA registration number CA0101. Please note that, BFL does not underwrite the risk or act as an insurer. Your purchase of an insurance product is purely on a voluntary basis after your exercise of an independent due diligence on the suitability, viability of any insurance product. Any decision to purchase insurance product is solely at your own risk and responsibility and BFL shall not be liable for any loss or damage that any person may suffer, whether directly or indirectly. Please refer insurer's website for Policy Wordings. For more details on risk factors, terms and conditions and exclusions please read the product sales brochure carefully before concluding a sale. Tax benefits applicable if any, will be as per the prevailing tax laws. Tax laws are subject to change. Tax laws are subject to change. BFL does NOT provide Tax/Investment advisory services. Please consult your advisors before proceeding to purchase an insurance product. Visitors are hereby informed that their information submitted on the website may also be shared with insurers. BFL is also a distributor of other third-party products from Assistance Services providers such as CPP Assistance Services Pvt. Ltd., Bajaj Finserv Health Ltd. etc. All product information such as premium, benefits, exclusions, sum insured, value added services, etc. are authentic and solely based on the information received from the respective insurance company or the respective Assistance service provider company.

Note – While we have made all efforts and taken utmost care in gathering precise information about the products, features, benefits, etc. However, BFL cannot be held liable for any direct or indirect damage/loss. We request our customers to conduct their research about these products and refer to the respective product’s sales brochures before concluding their sale.