Buy ₹10 Lakh Health Insurance
Sudden hospital expenses, expensive treatments and sudden medical emergencies can strain savings. A small amount of health coverage might not be sufficient to cover any financial shocks.
A health insurance plan of ₹10 lakh sum assured means the policy will pay up to ₹10 lakh for medical expenses incurred during a claim. This type of coverage provides a solid safety net for families, making it easier to manage larger hospital bills without financial strain and allowing families to concentrate on recovery.
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Benefits of Having a 10 Lakh Health Insurance Policy
Here are the key benefits:
Covers Hospitalisation Fees
Helps manage regular hospitalisations, operation expenses, and medical treatment without breaking your savings.
Cashless Treatment at Network Hospitals
Receive treatment at network hospitals without paying from your pocket. The insurance provider will pay the bills directly to the provider, which takes a lot of stress out of the process during a medical emergency.
Tax Benefits
Amounts paid for health premiums are tax-deductible under Section 80D in the Income Tax Act. Policyholders can reduce their taxable income ₹25,000 by investing in health insurance plans.
No Claim Bonus (NCB)
For an ₹10 lakh health insurance, a claim-free year in the insurance period can provide an additional lump sum benefit of coverage or a lower renewal premium.
How to Choose Between a 5 Lakh Sum and a ₹10 Lakh Health Insurance?
Selecting the sum insured depends on your health needs, family situation, and possible medical costs. To illustrate the point, here is a quick example:
Scenario: Ramesh is a 35-year-old working professional from Mumbai who would like health cover for himself and his family of three. His annual income is ₹12 lakh, and he is looking to protect against unexpected medical expenses.
- If Ramesh selects a ₹5 lakh plan, it will likely cover most general hospitalisations.
- However, for serious illnesses or surgeries, ₹10 lakh will provide more financial safety.
- A ₹10 lakh plan will usually be more suitable for family coverage because costs for two adults and one child can easily exceed ₹5 lakh.
- A ₹10 lakh plan costs somewhat more, but a small extra premium can provide significant savings when needing high-cost treatment.
- If Ramesh has pre-existing conditions or operates in a high-risk lifestyle, a higher sum insured will provide better coverage for potential complications.
Medical costs in India are rising rapidly. A major surgery or critical illness treatment in a metro city can easily cost ₹8 - 15 lakh. Even a short hospital stay in a private hospital often exceeds ₹50,000. That’s why relying solely on ₹10 lakh coverage can be risky, especially for families or those living in urban areas.
If you’re buying a family floater plan, remember that multiple claims can quickly exhaust ₹10 lakh. Similarly, if you have pre-existing conditions or a family history of chronic illnesses, higher coverage becomes essential.
Hence, starting with a 10 lakh sum insured plan is beneficial, but considering ₹15 - 20 lakh coverage or adding a top-up plan for extra protection is highly recommended. This ensures you’re prepared for unexpected medical expenses without compromising on quality care.
Tanya Marwah
Head of Marketing
Who Should Buy a 10 Lakh Health Insurance Plan?
A health insurance plan of 10 lakh does not suit everybody. Still, it is the best option for people who need greater medical insurance coverage because of their lifestyle, family size, or risk factors. Below are the categories that should find it applicable:
- People with Pre-Existing Conditions: People with pre-existing conditions like diabetes, heart disease, or other lifestyle-associated illnesses should consider higher coverage.
- Individuals with Low Savings: A ₹10 lakh plan offers a safety net with limited savings and can assist with medical expenses without financial exhaustion.
- Families with Young Children: A ₹10 lakh family floater plan covers parents and children under one policy, making it protected and easy to manage.
- People Living in Metro Cities: Medical costs incurred are almost two-fold in the metros compared to smaller towns, such as Mumbai, Delhi, or Bangalore. A 10 lakh policy helps provide a breathing space for some expensive treatments and private hospital charges without straining the savings.
- Individuals with Lifestyle Risks: For individuals who have sedentary work-life, have high-stress levels, or who come from families with a history of illness (diabetes, heart disease, or cancer), you should go for higher coverage. Treatments for any of these illnesses will likely cost more than ₹5 lakh, so it will be safer to go with 10 lakh coverage.
- Young Professionals & Couples: Young couples planning a family can use the 10 lakh civil hospital coverage for hospitalisations related to maternity and their child.
- Seniors: Older individuals tend to have a higher risk of hospitalisation and longer recovery times. 10 lakh coverage provides reasonable financial assistance, especially when they may have lower incomes.
- Frequent Travellers: Travelling for work, locally or internationally, can lead to unforeseen medical emergencies. A 10 lakh plan ensures they have good medical cover, particularly in high-cost cities.
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Why Choose Digit for 10 Lakh Health Insurance?
Key Benefits of 10 Lakh Health Insurance by Digit
Your health insurance plan with Digit extends several exclusive benefits that enhance your coverage. Here are the key benefits:
* These add-ons are subject to underwriting approval and your eligibility at the time of purchase or renewal
What’s Covered in the 10 Lakh Health Insurance Offered by Digit?
Coverages
Double Wallet Plan
Infinity Wallet Plan
Worldwide Treatment Plan
Important Features
This covers for all hospitalisation expenses including due to an Illness, Accident, Critical Illness or even pandemics like Covid 19. It can be used to cover for multiple hospitalisations, as long as the total expenses are up to your sum insured.
You need to wait for a defined period from the first day of your policy to get covered for treatment related to any non-accidental illness. This is the Initial Waiting period.
Exclusive Wellness Benefits like Home Healthcare, Tele consultations, Yoga and Mindfullness and many more available on our App.
We provide a back-up Sum Insured which is 100% of your Sum Insured amount. How does Sum Insured Back Up work? Suppose your policy Sum Insured is Rs. 5 lac. You make a claim of Rs.50,000. Digit automatically triggers the wallet benefit. So you now have 4.5lac + 5 lac Sum Insured available for the year. However, one single claim, cannot be more than the base Sum Insured as in the above case, 5 lac. .
Digit Special
No claims in the Policy year? You get a bonus -an additional amount in your total sum-insured for staying healthy & claim free!
Different categories of rooms have different rents. Just like how hotel rooms have tarrifs. Digit plans give you the benefit of having no room rent cap, as long as it is below your Sum Insured..
Health insurance covers medical expenses only for hospitalisations exceeding 24 hours. Day care procedures refer to medical treatments undertaken in a hospital, requiring less than 24 hours due to technological advancement such as cataract, dialysis etc.
Digit Special
Get a world class treatment with the Worldwide Coverage! If your doctor identifies an illness during your health examination in India and you wish to get a treatment abroad, then we’re there for you.You’re covered!
We pay for your health check-up expenses upto the amount mentioned in your Plan. No restrictions on the kind of tests! Be it ECG or Thyroid Profile. Make sure you go through your policy schedule to check the claim limit.
There may be emergency life-threatening health conditions which may require immediate transportation to hospital. We absolutely understand this and reimburse for expenses incurred for your transportation to a hospital in airplane or helicopter.
Digit Special
Co-Payment means a cost sharing requirement under a Health Insurance Policy that provides that the Policyholder/Insured will bear a specified percentage of the admissible claims amount. It does not reduce the Sum Insured. This percentage depends on various factors like age, or sometimes also on your treatment city called zone based copayment. In our plans, there is no age based or zone based Co payment involved.
Get reimbursed for the expenses of road ambulance, in case you are hospitalised.
This cover is for all expenses before and after hospitalisation such as for diagnosis, tests and recovery.
Other Features
The disease or condition that you are already suffering with and have disclosed to us before taking the policy and has been accepted by us has a waiting period as per plan opted and mentioned in your Policy Schedule.
This is the amount of time you need to wait for, until you can make a claim for a specific illness. At Digit it is 1-3 years and starts from the day of policy activation. For the full list of exclusions, read Standard Exclusions (Excl02) of your policy wordings.
If You sustain an Accidental Bodily Injury during the Policy Period, which is the sole and direct cause of Your Death within twelve (12) months from the date of accident, then We will pay 100% of the Sum Insured as mentioned in Policy Schedule against this cover and as per plan opted.
Digit Special
Your organ donor gets covered in your policy. We also take care the pre and post hospitalisation expenses of the donor. Organ donating is one of the kindest deeds ever and we thought to ourselves, why not be a part of it!
Hospitals can go out of beds, or the patient’s condition may be rough to get admitted in a hospital. Don’t panic! We cover you for the medical expenses even if you get treatment at home.
Obesity may be the root cause of so many health issues. We absolutely understand this, and cover for Bariatric Surgery when it is medically necessary and advised by your doctor. However, we DONOT cover if hospitalisation for this treatment is for cosmetic reasons.
If due to a trauma, a member has to be hospitalised for a psychiatric treatment, it will be covered under this benefit, upto INR 1,00,000. However, OPD consultations are not covered under this. The waiting period for Psychiatric Illness Cover is same as Specific Illness waiting period.
Before, during & after hospitalisation, there are many other medical aids & expenditures such as walking aids, crepe bandages, belts, etc.,which need your pocket’s attention.This cover takes care of these expenses that are otherwise excluded from the policy.
What’s Not Covered under 10 Lakh Health Insurance Plan?
Pre-Natal & Post-Natal Expenses
Pre-natal and post-natal medical expenses are not covered unless they lead to hospitalisation.
PED Before Waiting Period
A claim for a pre-existing disease or illness cannot be made until the specified waiting period is over.
Hospitalisation without Doctor’s Recommendation
Hospitalisation for any condition that doesn’t match the doctor’s prescription is not covered.
Health Insurance Add-on Options with Digit
Enhance your health insurance policy with add-ons at Digit. These add-ons are subject to underwriting approval and your eligibility at the time of purchase or renewal. Here’s a list of add-ons available that provide additional layers of protection beyond the basic coverage of your policy:
Consumable Cover
Pay 10% extra premium and we will also cover your non-medical expenses once your base claim is approved.
Pre-existing Disease/Specific Disease/Initial Waiting Period Modification
You can reduce your pre-existing disease waiting period to up to 2 years.
Network Hospital Discount
Opt for treatment at one of our network hospitals and receive a 10% discount on your premium with this add-on cover. However, a co-payment will be applicable if you get hospitalised in a non-network hospital.
Eligibility Criteria for Buying Health Insurance with 10 lakhs Sum Insured
The insurers lay out basic eligibility conditions to purchase a health insurance plan with ₹10 lakh coverage. Here is the eligibility criteria for buying a 10 lakh sum insured health insurance plan:
Factors Determining 10 Lakhs Health Insurance Premium
Here are the key factors that help determine the premium:
Age
Younger policyholders incur lower premiums, while premiums increase with age.
Medical History
A pre-existing medical condition, such as diabetes or a heart condition, increases the premium.
Lifestyle
Smokers, drinkers, or individuals with unhealthy habits can see costs increase.
Gender
Some insurers will consider gender when determining premiums, so women may, at times, receive a slightly lower premium, depending on how the policy is structured.
Policy Structure and Optional Coverage
Individual policies have higher premiums than family floater policies. Your premium will increase if you select optional coverage, such as critical illness or maternity coverage.
Place of Residence
Those who live in metro cities will typically pay more for a premium than someone living in a smaller town or city because of higher health care costs in a larger metro city.
Co-pay and Deductibles
A higher co-pay and/or higher deductible would result in a lower premium.
Claims History
A history of filing multiple claims previously can incur a higher premium at the next renewal.
Sum Insured
Increasing the sum insured will directly increase the premium.
Important Things to Know About Health Insurance
How to Buy 10 Lakhs Health Insurance?
Buying health insurance online is simple and hassle-free. If you're planning to purchase a policy from Digit, here’s a step-by-step guide to help you through the process:
Enter Basic Details
Visit the Digit app or website. Enter your PIN code and mobile number, select your preferred health insurance plan and provide age details, family members covered, etc.
Choose Plan & Add Member Details
Compare & select the plan, sum insured, add-on covers and apply any available discounts to get the final premium amount. Further provide the member details for everyone you’re covering.
Make Payment & Submit KYC
Once done, proceed to make the premium payment and submit your KYC documents to complete the purchase process.
Final Review & Processing
Now, your application undergoes a brief review process. Digit may request a health declaration, lifestyle information, or medical details & reports if required. Now, based on your medical underwriting, your policy will be issued and sent to your email. You can also access it anytime through the Digit app.
Documents Required to Buy 10 Lakh Health Insurance Online
When purchasing a health insurance policy, insurers typically require some basic documents for verification. Below is a list of optional documents that may be needed at the time of purchasing a policy:
Identity/Age Proof
✔ Aadhaar Card
✔ PAN Card
✔ Passport
✔ Voter ID
✔ Driving License
✔ Birth Certificate
Address Proof
✔ Passport
✔ Utility Bills (Electricity, Water, Gas – recent)
✔ Rental Agreement
Income Proof
✔ Income Tax Returns (ITR)
✔ Form 16
Previous Medical Reports (If any)
KYC Documents
✔ PAN Card (for financial verification)
✔ Aadhaar Card (for identity and address verification)
✔ Photograph and bank details (optional)
How Much Premium Do I Need to Buy 10 Lakh Medical Insurance?
A ₹10 lakh sum insured offers protection against unexpected medical expenses. However, the premium depends on factors like age, location, health condition, and policy features.
The table below shows the starting annual premium for a ₹10 lakh sum insured under Digit’s Infinity Wallet Plan, segmented by age group:
Note: The premium amounts listed above are indicative and based on publicly available data for Digit's Infinity Wallet Plan with ₹10 lakh sum insured. Actual premiums may vary depending on the applicant's age, location, medical history, lifestyle habits, and chosen add-ons.
What are the Tax Benefits of a 10 lakh Health Insurance?
By acquiring a health insurance plan for ₹10 lakh, you can claim tax deductions for the premiums paid for the insurance for yourself, your spouse, dependent children, and parents:
- Yourself, spouse, and children: ₹25,000 (₹50,000 if senior citizens).
- Parents: ₹25,000 (₹50,000 if senior citizens).
- Maximum deduction if you and your parents are senior citizens: ₹1,00,000.
- You can also claim an additional deduction of up to ₹5,000 for any payments made for preventive health check-ups.
With rising medical costs in India, ₹10 lakh coverage may seem adequate for routine treatments and short hospital stays. However, for major surgeries, critical illnesses like cancer or heart disease, or prolonged hospitalisation in metro cities, expenses can easily exceed this limit.
If you’re young and healthy, ₹10 lakh can be a good starting point, but consider your family size, lifestyle, and future health risks. For long-term security, opting for a higher sum insured or a plan with refill and top-up options is a smarter choice to avoid out-of-pocket expenses during emergencies.
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FAQs About 10 Lakhs Sum Insured Health Insurance
Senior Marketing Associate
Srishti is a skilled content writer with 4+ years of experience in the insurance world. She simplifies tricky terms, explains policies clearly, and writes content that instantly connects with customers. Her skills make insurance easy to understand and truly helpful for everyone.
Chief Marketing Officer
Vivek comes with over 15 years of experience across different industries like FMCG, e-commerce and insurance. His expertise in the online space and consumer behaviour understanding is bringing new insights to Digit in making insurance simple.