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Protect your loved ones with a ₹3 Lakh health insurance plan—an affordable yet essential step toward safeguarding your family’s well-being. With ₹3 Lakh coverage, you can manage everyday medical expenses and ensure timely treatment without financial stress.
Network of 10,000+ cashless Hospitalisation
30 Mins Cashless Claim Policy
1.5 Crore+ Happy customers
Why Choose Niva Bupa?
Trusted by over 1.5 crore+ happy customers, Niva Bupa (formerly known as Max Bupa Health Insurance) provides a wide range of health insurance plans to suit every need
30 min
Cashless Claim Processing 1
15 Lakh+
Claims paid since inception 2
1.5 Crore+
Happy customers served till date
Custom Health Insurance Plans designed for You
A plan that rewards you for starting young
Starts from
₹8,6321
Annual Premium
₹5,00,000
Sum Insured
- Lock the age, pay premiums as per entry age till you claim
- Don’t lose what you don’t use. Carry forward the balance sum insured
- Maternity coverage including IVF, Adoption and more
- Use and get back your base coverage. Unlimited times and forever
Nothing Seems Impossible. The Most Comprehensive health insurance plan.
Starts from
₹7,8212
Annual Premium
₹5,00,000
Sum Insured
- Save as you age. Pay as per entry age, until you claim.
- Use and get back your base coverage. Unlimited times and forever.
- Don’t lose what you don’t use. Carry forward the balance sum insured
- Up to 30% discount on renewal premium basis step count
A Health Insurance Plan that works your way
Starts from
₹4,8043
Annual Premium
₹5,00,000
Sum Insured
- Pay Apne Hisaab se! Flexible or One Time. Sooner the payment, higher the discount
- Get 50% of your premium back, accumulate it, and even get 10% bonus for life. No waiting periods or exclusions on this amount.
- Get ₹5,000, if treatment taken in any Govt. hospital and claim not paid under this policy
- Access unlimited digital consultations with general physicians through our mobile app.
A comprehensive health insurance plan,with coverage for you and your family according to your needs and lifestyle.
Starts from
₹11,5714
Annual Premium
₹5,00,000
Sum Insured
- Comprehensive coverage up to ₹3 Cr
- In-built travel insurance coverage for multiple trips in a year
- Modern Treatments coverage
- Maternity (worldwide) and new born baby cover
The Smart Health Insurance Plan with Smart Feature to keep your family protected
Starts from
₹11,7755
Annual Premium
₹5,00,000
Sum Insured
- No Room Rent Capping
- Modern Treatments Covered up to Sum Insured
- Hospitalisations of 2 hours or more covered
- One time refill of Base Sum Insured, even for same illness.
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Network Hospital
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Family Health Insurance
Get comprehensive coverage for your entire family under a single health insurance plan.
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Premium Calculator
Calculate your insurance premium easily to choose a plan that fits your budget.
Best Insurance Plans
Explore our top-rated insurance plans that offer extensive benefits for various healthcare needs.
How does Our Claim Process work?
Get to know the steps involved in the claim Process, Whether it is a planned or emergency hospitalisation. Filling a claim is made easy by choosing any of the following ways:
Hospital Admission:
Get admitted to a Niva Bupa network hospital.
Identification:
Present your Niva Bupa Health Card or policy number along with valid ID (Passport/PAN card/Voter’s ID) to the hospital staff.
Pre-authorisation:
The hospital will verify your details and submit a pre-authorisation request to Niva Bupa.
Niva Bupa Confirmation:
After verification, Niva Bupa will confirm coverage to the hospital via fax and email, and notify you by text and email, typically within 30 minutes of the request.
Final Settlement:
Upon completion of treatment and necessary formalities, the hospital will settle the claim with Niva Bupa according to your policy terms.
Benefits of ₹3 Lakh Health Insurance
If you're exploring a ₹3 lakh health insurance plan, it's important to know how it can support your health and finances. Here are the key benefits that make it a smart and practical choice for individuals and families:
Affordable Premiums:
A ₹3 Lakh sum insured makes for a budget-friendly health insurance option, offering essential protection without straining your finances.
What is a ₹3 Lakh Health Insurance Plan?
A health insurance 3 lakh plan is designed to cover your medical and hospitalisation expenses. It is a contract between you (the insured) and your insurance company (the insurer). This plan helps you manage both planned and unexpected medical costs.
When you choose a policy, you pay a certain premium to avail of the coverage. In return, the insurer agrees to cover your medical expenses up to a specified amount for a set period, according to the terms and conditions of the plan. For instance, with a ₹3 lakh health insurance policy, the insurer will cover medical expenses up to ₹3 lakhs.
There are several reasons to invest in health insurance, with the primary one being the protection it offers you and your family during emergencies. It also provides peace of mind knowing you are financially covered. Therefore, understanding the details of a health insurance plan before purchasing it is essential.
Working of Health Insurance for ₹3 Lakh Sum Insured
Health insurance plans for 3 lakhs works on the principle of indemnity. This means the policy compensates the policyholder only in the event of loss borne by the policy. For instance, compensation or payment is made for health insurance if the insured files for it in the event of medical need.
The sum insured is the maximum amount the insurer claims annually for hospitalisation and medical emergencies. For example, consider buying a medical insurance plans for ₹3 lakhs sum insured. If you are then hospitalised twice during the year, your health insurance plan can come to your rescue. Now assume your hospital bill in the first instance comes at ₹1.5 lakhs and in the second incident is at ₹2 lakhs. These expenses typically include doctor's consultation fees, nursing fees, room rent charges, surgery fees, medicine costs, imaging and lab tests costs, etc. Thus, the total cost of medical expenses is ₹3.5 lakhs.
The insurance company is, however, liable to pay only to the extent of ₹3 lakhs depending on the inclusion, exclusions and other terms and conditions of the selected insurance policy. You are liable to pay for the excess ₹50,000 in your pocket.
Choosing the Right Sum Insured for Your Health Insurance for 3 Lakh
It is crucial to select the appropriate sum insured when purchasing a health insurance policy. However, finding the ideal amount can be challenging, as no universal solution fits everyone.
Each person's needs, circumstances, and health conditions vary. Your required sum insured depends on several factors, and it is your responsibility to determine the optimal level of coverage based on these considerations. Key factors to help you decide include:
Age
It's advisable to buy health insurance when you're young. Younger individuals generally have a lower risk of medical conditions, making insurance more affordable. Experts suggest that a coverage amount of ₹2 - ₹3 lakhs is typically sufficient for people in their 20s, with the option to increase coverage as they age.
Income
Your income plays a significant role in determining how much health insurance premium you can afford. There is a direct relationship between the sum insured and the premium: a higher sum insured means a higher premium, and vice versa. It's recommended that your health insurance premium not exceed 2% of your annual income.
Lifestyle
If you have a high-stress job, limited opportunities for exercise, or poor eating habits, you may need a higher sum insured, as these factors can lead to future health complications.
Medical History
If there is a family history of certain illnesses, getting coverage for these conditions is wise. This might require a higher sum insured to ensure adequate protection.
Who Should Consider Buying Health Insurance Plans for ₹3 Lakhs?
A health insurance policy is crucial to a sound financial plan, offering various benefits such as coverage for hospitalisation expenses, peace of mind, and wellness support. While many insurance plans provide additional features and benefits for higher-sum insured, it is important to recognise the value of owning a health insurance plan with a lower sum insured, like ₹3 lakhs medical insurance premium. Here are some groups who should consider this option:
Young Individuals in Their 20s
Young individuals who have just started their careers typically have limited earnings and savings. They are also at a lower risk of significant illnesses at this stage. Health insurance is a critical investment for them, offering the advantage of lower premiums. Starting early also fosters the habit of saving and investing. Therefore, young individuals should consider a health insurance plan, even if it has a lower sum insured, with the possibility of increasing the coverage as they age.
Individuals with Low Annual Income
For those with lower annual incomes, opting for a health insurance plan with a ₹3 lakh sum insured can be more affordable. They can also consider combining a base sum insured with top-up plans. This approach offers several advantages, including cost-effectiveness. The premium for a high-sum insured plan is higher, whereas a low-sum insured plan is more affordable. Top-up plans can supplement the coverage, although they come with high deductible amounts that the insured must pay.
Individuals Seeking Plans with Top-Up Features
Those looking for cost-effective options can choose a combination of a base sum insured with top-up plans. This strategy allows them to manage expenses better while still enjoying comprehensive coverage. The primary benefit is cost savings, as the premium for a low-sum insured plan is lower, and the additional coverage through top-up plans can address higher medical costs, albeit with higher deductibles.
Make the Right Choice Today
Choosing a ₹3 lakh health insurance plan from Niva Bupa not only safeguards you against unexpected medical expenses but also instills a habit of financial planning and health consciousness. It's a strategic investment in your health and financial stability, ensuring you are well-prepared for any medical emergencies without straining your finances. Secure your future today with Niva Bupa's ₹3 lakh health insurance plan and experience the peace of mind that comes with being comprehensively covered.
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Watch what our customers are saying. REAL STORIES with REAL IMPACT!
Vippan Kapur
It is unbelievable how Niva Bupa claim team came to my aid, Monday to Sunday no day off.
Meenakshi Khanna
Within few hours we got the claim number and in the next three days the amount was reflected in our bank account.
Vijay Kapoor
With the help of Niva Bupa Health Insurance, I was able to get my son treated without worrying about the high medical cost.
Diviay Chadha
Whenever we have filed for a claim with Niva Bupa, the process was very smooth and people were very helpful.
Parveen Singh
The Niva Bupa team was extremely helpful, be it day or night, someone was always available.
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