29 October,2021 01:35 AM IST | Mumbai | BrandMedia
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The way Indians buy health insurance has changed drastically over the past year. COVID-19 has played a huge role in making us aware not just of the importance of health insurance plans but also how much sum insured is adequate and what plan to buy to ensure all round protection to cater to the changing needs and lifestyle without changing the product for years to come.
Know why you need a high-value health insurance plan
For a long time, the Indian populace neglected health insurance. A health plan occupied little to no space in our financial plans. Most Indians invested in health insurance for the sake of investing or for tax benefits. Many of us depended on our employer for health cover. All in all, the Indian populace used to not take health insurance seriously.
But then COVID-19 came along and got us thinking. It ensured and facilitated the change to better health insurance coverage of the Indian populace. The thought process of the Indian populace has changed considerably due to COVID-19 and is making people realize that insurance is no more a priority but a necessity. People today have started making more conscious decisions about buying health insurance plans like:
Why is a high-value health insurance plan needed in this post-COVID-19 world?
The pandemic has been instrumental in driving awareness about the significance of health and life security. Medical expenses are surging at a high rate in the country, and the shift is likely to continue.
Given the constantly rising healthcare costs and the COVID-19 pandemic, it has become essential for individuals to buy a higher sum insured health insurance plan. A family floater health insurance policy of around â¹5 lakh was a common cover before COVID-19. However, people have come to realize that it may not be sufficient in the post-pandemic world.
Finally, the conversation has shifted from 'whether one needs health insurance' to 'how much health insurance does one needs'.
ManipalCigna Lifetime Health Insurance Plan
ManipalCigna Lifetime Health Insurance Plan is a high-value health insurance plan launched in 2021. The regular premium plan is specifically designed based on the research carried out post the COVID-19 pandemic. The plan offers a health insurance cover from â¹50 lakh to â¹3 crore in India and abroad.
The ManipalCigna Lifetime Health Insurance Plan offers a comprehensive healthcare solution to secure your and your family's domestic and global healthcare needs at every stage of life.
It comes in two variants:
Keeping in mind the rising healthcare cost and incidences, the ManipalCigna Lifetime Health Insurance Plan offers benefits such as high coverage, lifetime renewability, optional packages, and coverage for the treatment of up to 27 major illnesses listed under its global plan.
Reasons why you need ManipalCigna Lifetime Health Insurance Plan
Below are the reasons why you need the ManipalCigna Lifetime Health Insurance Plan:
The ManipalCigna Lifetime Health Insurance Plan is one of the few plans in the country that offers coverage as high as â¹50 lakh. In addition, you can increase your cover to up to â¹3 crore. The plan is designed so that you have enough cover for your medical needs. With a high-value comprehensive cover such as this, you are financially protected even if a critical illness strikes you.
You also have the benefit of 100% restoration of the sum insured for coverages in India for unrelated illnesses so that you never run out of cover.
The best health insurance plans are those that make available the best possible treatment. With ManipalCigna Lifetime Health Global Plan, you get lifetime access to quality healthcare in India and abroad. You can choose the best treatment for major illnesses in opted locations. You and your family are covered for up to 27 major illnesses with advanced medical facilities in hospitals worldwide.
Every stage of life has different priorities and health needs. And the ManipalCigna Lifetime Health Insurance Plan gives you the flexibility of choice. You may choose from various need-based add-on value covers such as Health+, Women+ and Global+ (available under Global Plan) along with the critical illness rider under the Lifetime Health Insurance Plan from ManipalCigna Health Insurance to make your plan comprehensive and flexible
In conclusion
In addition to this, there are many other reasons why you need the new ManipalCigna Lifetime Health Insurance Plan. For example, the plan offers you a host of loyalty rewards starting from 4th policy year onwards and other discounts at every renewal. You get a 5% loyalty discount on the applicable premium from the fourth policy year, which is increased to 10% from the eighth policy year.
There are plenty of other kinds of discounts as well. So, you can enjoy the perks of the best quality healthcare at a low cost for a lifetime. Also, you can transfer your existing plan along with all the benefits to ManipalCigna Lifetime Health Insurance Plan with the plan's easy portability feature. The continuity benefit is offered on the entire chosen sum insured under portability for those with existing base sum insured, excluding cumulative bonus, of â¹10 lakh and above.
All in all, the Lifetime Health Insurance Plan from ManipalCigna Health Insurance serves the evolving needs of customers by putting all their medical concerns to rest. The ManipalCigna Lifetime Health Insurance Plan fulfils your current healthcare needs and offers you a provision to cover your needs in the next stages of life.
