ACKO's Long-Term Health Insurance offers extended coverage periods, reducing the hassle of frequent renewals and providing continuous protection against medical expenses. With policy terms exceeding one year, you benefit from stable premiums and comprehensive coverage, including pre-existing conditions. Enjoy access to over 10,500 cashless hospitals across India, ensuring quality healthcare is always within reach. Secure your health with ACKO's reliable long-term plans.
Zero
Waiting period
10,500+
Cashless hospitals
100%
Bills covered
Long-term health insurance provides stability and assurance that your family is protected in case medical issues arise over time. You can set it up and not worry about scrambling to renew policies every year. In addition, long-term plans allow insurance companies to spread out costs, which translates to lower premium rates for the consumer. When safeguarding your family's health and finances, a long-term health insurance plan is a smart investment that reduces stress and risk. Read the next section to know how.
When buying long-term insurance, you get the convenience of health insurance coverage for multiple years. It does not require annual renewals and has a fixed cost. This adds to savings and surety. The key features of a long-term health insurance plan include the following.
Annual health insurance aims to provide protection for twelve months; however, long-term health insurance is valid for 2 to 3 years.
Enjoy a fixed premium and policy term without the hassle of yearly renewals or potential premium hikes.
Ideal for those who prefer long-term coverage without annual renewal hassles.
It gives you the confidence that your family is protected for the given time period without looking at the annual renewal plans.
Here are some of the benefits of opting for a long term health insurance policy. Exact benefits can vary from insurer to insurer and plan to plan.
A usual health insurance plan relieves you of the financial stress of medical care for a duration of a year. Possessing long term insurance, on the other hand, can keep you stress-free in this regard for up to two or three years.
Health insurers usually offer discounts on the policy premium for long term health insurance plans. Hence, buying long term insurance with a policy duration of two to three years is more cost-effective than renewing insurance every year for the same duration.
Your accumulated No Claim Bonus (NCB) (or policy renewal benefit) can be lost if you do not renew your policy on time. However, if you opt for long term insurance, you do not need to worry about losing such benefits for at least two or three years.
The premium charged for health policies can be revised periodically. Buying a long-term health insurance policy can help you avoid these hikes and safeguard your hard-earned money.
Under Section 80C of the Income Tax Act, you can claim tax exemptions on the premium paid towards long term health insurance.
A long-term policy ensures continuous health insurance coverage for 2-3 years without gaps. This gives you peace of mind, knowing that even if you forget to renew on time, your coverage will not lapse.
Long-term policies allow you to lock in health insurance premium rates for the policy tenure. This protects you from premium hikes over the next few years.
Long-term policies usually work out cheaper than single-year policies bought multiple times over the same period. The discounts offered make them more value for money.
The following are the disadvantages of opting for long-term health insurance plans.
| Aspect | Short-Term Health Insurance | Long-Term Health Insurance |
| Policy Renewal | Needs to be renewed annually. | Renewed less frequently, typically every 2-3 years. |
| Premium Fluctuation | Premium amounts may vary annually due to economic factors. | Premium is generally higher initially but can be locked in, preventing annual increases. |
| Coverage for Pre-existing Diseases | Pre-existing conditions may not be covered until after renewal. | Covers pre-existing conditions after a waiting period. |
| Policy Tenure | Policy tenure is typically 1 year. | Policy tenure usually ranges from 2-3 years. |
Securing long-term health insurance is an important financial decision that can significantly impact your future well-being. When choosing a long-term health insurance plan, there are several key factors you should carefully consider before committing. Here are these factors:
Consider how much coverage you may need for potential long-term care costs, such as nursing home care, home health aides, etc. Policies offer different daily/monthly maximum benefits, so choose an amount that would cover expected costs in your area. Also, look at what types of long-term services are covered.
Policies pay out benefits for a certain period (e.g. 2 years, 3 years, etc.). Choose a duration that meets your needs in case you need extended care. You can also find lifetime coverage options.
Many policies cover care provided in a nursing home, assisted living facility or in your own home. See if the facilities you may use are included.
Most policies have an elimination or waiting period between 30-90 days from when you file a claim to when coverage kicks in. Choose a policy with a waiting period you're comfortable with.
Premiums are based on your age at purchase, the benefits selected and other factors. Shop around for plans that fit your budget but also provide adequate coverage.
Having a policy with inflation protection helps benefits keep pace with rising long-term care costs. Though this increases premiums, it provides better coverage over time.
In this section, we will highlight the key reasons why you should consider opting long term insurance from ACKO. The following points are mentioned considering ACKO Health Policy (Rs. 1 crore sum insured) for a long term, which translates to ACKO’s Long Term Health Insurance Policy.
We currently provide insurance products to over 7.5 crore customers in India. Our broad customer base indicates the quality and trustability of our products, which also applies to our long term health insurance.
A good insurance company will usually have a good range of reputed network hospitals. ACKO has over 10,500+ network hospitals, including some of the best in the country.
Usually, buying offline health insurance involves filling out numerous forms, submitting a long list of documents, and constant follow-ups. ACKO’s digital insurance processes help you avoid such hassles.
With our responsive website and customer-friendly mobile app, you can expect a smooth insurance journey. You can check out our General FAQ section anytime for common queries related to health insurance.
Usually, health insurance policies come with an initial waiting period and a waiting period for pre-existing health conditions. ACKO’s long-term medical insurance has neither. You can start making claims from day one onwards.
Usually, health insurance plans have cost-sharing clauses. Meaning, you will have to bear a portion of the medical costs during a claim. This can cause additional stress during a medical emergency. In contrast, ACKO’s long term policy has no hidden cost-sharing clauses. You can avail of 100% coverage up to the sum insured limit of Rs. 1 Crore.
Usually, health insurance plans do not cover ambulance charges. However, ACKO’s long term health plan offers coverage for ambulance trips from your house to the hospital, up to the sum insured limit.
Health plans usually have very narrow coverage. ACKO’s long term medical insurance, on the other hand, covers all medically required hospitalisation. The only condition is that you must submit your full medical history at the time of policy purchase.
Health plans usually have a cap on the room rent. So, you can choose rooms only within a certain budget. Under ACKO’s long term health insurance policy, there is no cap on room rent. So, you can choose the most comfortable hospital room for yourself and receive the best treatment.
With extensive sum insured, coverage for a number of years, and top-notch services, you shall receive the required insurance support in case of a medical emergency.
The best long-term insurance policy caters to people that are looking to avoid the hassle of annual renewals. This provides a policy for 2 to 3 years, which removes the yearly renewal pressure and shields you from a hike in the premium costs. That is why up-front payment is a cost-efficient method of providing uninterrupted insurance without cumbersome paperwork. Through tax relief, long-term health insurance is logical.
Disclaimer: The content on this page is generic and shared only for informational and explanatory purposes. It is based on industry experience and several secondary sources on the internet, and is subject to changes.
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Reviewed by Rupinderjit 
Acko Technology & Services Private Limited
#36/5, Hustlehub One East, Somasandrapalya, 27th Main Rd, Sector 2, HSR Layout, Bengaluru, Karnataka 560102
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