covid-19 pandemic set in. It does make sense to have a health insurance, not just to cover yourself against the novel coronavirus, but for overall protection.Given the increasing medical costs, some insurers and aggregators such as Max Bupa, Religare Health and Policybazaar are recommending a ₹1 crore cover, with the rationale that a high-value cover would provision for treatment abroad, offer higher room category and cover all degrees of ailments or diseases.
According to Policybazaar, a ₹1 crore cover on an average costs ₹30,000-35,000 for a 40-year-old individual.But do you really need a ₹1 crore health cover?Ideal sum insuredIt’s imperative to take the future costs of treatment into account while buying insurance.