147: Do you need a ₹1 crore health cover?

Given the increasing medical costs, some insurers and aggregators such as Max Bupa, Religare Health and Policybazaar are recommending a ₹1 crore cover, with an explanation that a high-value cover would provision for treatment abroad, offer higher room category and cover all degrees of ailments or diseases. But do you really need a ₹1 crore cover? On this episode of Why Not Mint Money, we tell you why a ₹1 crore cover may not be a great deal for a middle-income household and some tips on how you can make health insurance affordable.