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How Much Sum insured In Health Insurance Is Needed for an Event Planner?

ACKO health plans offer 100% claim amount, no room rent limits, and coverage for multiple ambulance trips. Get comprehensive health insurance for an Event Planner starting @Rs. 20/per day*

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Home / Health Insurance / How Much Sum insured In Health Insurance Is Needed for an Event Planner?

Event planners act like wizards of parties, as they take care of everything. Starting from planning to executing every little thing of an event, they do all thus they play a huge role in various sectors. Their profession involves both on-field and virtual work. Life is too unpredictable and anything can happen anywhere. 

Thus, every event planner must buy a comprehensive health insurance plan to protect their future from any kind of unforeseen healthcare emergencies. In case you are wondering how much sum assured in health insurance is needed for an event planner, read below. 

The Need for Health Insurance for an Event Planner
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Every individual including an event planner should opt for the right health insurance to secure their near future from any unexpected healthcare emergencies. Event planners face a lot of stress as they work for long hours, tight deadlines, etc. 

Extensive physical and mental stress can lead to various serious health issues. Besides, inflation is one more reason to get health insurance policy these days in India. Medical costs are rising gradually so to avoid any kind of unwanted financial strain, health insurance is the best way to do so.

ACKO offers a wide range of health insurance plans which will suit every need of an event planner. Other than safeguarding from any unforeseen medical emergencies, it will cover your family too. In the below section, you will get a detailed guide to health insurance for an event planner. 

What Is the Ideal Sum Insured for an Event Planner In India?
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The ideal sum insured varies from one event planner to another as every individual has a different set of insurance needs. You must know some of the factors based on what you sum insured will differ from another person like your age, family size, pre-existing health issues, and inclusions. Among all these, family size plays a vital factor in choosing the right sum insured.

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Ideal Sum Insured for a Single Event Planner
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If you are a single event planner, then you might consider buying an ACKO Standard Health Plan in order to get a substantial sum insured ranging from Rs. 10 Lakhs to Rs. 1 Crore. Additionally, you will get some other add-on covers that you can choose as per your needs. Besides, you will get to enjoy zero deductions on your filed claims.

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Ideal Sum Insured for an Event Planner With Family
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ACKO Platinum Health Plan is one of the best health insurance plans for an event planner with a family of 3 members. You will get to choose the sum insured ranging between Rs. 1 Crore to unlimited. Additionally, this plan comes with zero waiting period along with 14,300 cashless hospitals. 

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Ideal Sum Insured for an Event Planner With Ageing Parents
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In case you have a family including aged members, then you should consider opting for the ACKO Super Top-up Health plan as it allows you to buy this plan with or without a primary health insurance policy. However, to get comprehensive coverage and adequate sum insured, buy the ACKO Standard Health Plan along with this policy. 

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Ideal Sum Insured for an Event Planner With a Special Needs Family Member
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ACKO Platinum Unlimited Plan is one the best health insurance plans for an event planner having a family member with special medical needs. This plan offers an unlimited sum insured along with extensive healthcare coverage. Ranging from ICU fees to daycare treatment expenses, this plan will bear all for you and your entire family. 

Is Health Insurance Free for Event Planners In India?
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Under the Pradhan Mantri Jan Arogya Yojana scheme, one can get free healthcare from the Government of India. This scheme was launched on 23rd September 2018, aiming to provide medical assistance (financial) to the economically weaker people of India. 

One can get health insurance amounts up to Rs. 5 Lakhs/per family (annually). To avail of this, an individual has to apply for the Ayushman Bharat card from the official website of the PM-JAY scheme. Below are some of the inclusions one will get under this scheme. 

How Much Premium Should an Event Planner Pay for Buying Health Insurance?
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The answer to this question is really dicey as stating fixed numbers is not possible as it differs from one event planner to another. The premium of your health insurance plan will depend on the coverage you choose, family size, customization options, and many more. For example, if you are a single event planner, then a basic health plan will be enough to cover your medical expenses. 

In such cases, the premium amount will be less. Whereas, if you have a family of three or six members including elderly people, then you will require a comprehensive health plan to ensure optimal health coverage. Health plans with a higher sum insured or extensive coverage will need a higher premium amount than the basic ones. 

Estimate your health insurance costs with Health insurance premium calculator

Factors To Consider While Getting Health Insurance for an Event Planner
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Buying a health insurance policy is just not enough thus you must choose the right one for you and your family. Henceforth, below are some of the factors that you must look into before getting a health insurance policy. 

What Benefits Do I Get for Choosing ACKO?
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ACKO comes with a wide array of health plans in order to meet every insurance need of their customers. Starting from basic health plans to premium, you will get all from ACKO. Here are some of the benefits of buying ACKO health plans for you and your family. 

Why Is Raising Claims Easier With ACKO Policies?
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ACKO is India's first digital or online insurance company. With the advancements in technology, we have managed to eliminate unnecessary operational costs. Additionally, we have cut down on the need for any third-party platforms or agents. This makes ACKO health plans much more affordable than other insurance policies. 

ACKO offers one of the best health insurance plans for an event planner. Besides, the ACKO application has now become a one-stop solution for our valued policyholders. We prioritise their convenience thus we have launched this app to make their insurance experience ultra-fast and easy.

 Starting from buying new insurance plans to raising claims, everything can be done with a few clicks from our mobile application. Additionally, the policyholder can track the real-time status of their raised claims through the ACKO application. 

Wrap It Up!
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Event planners, also known as event coordinators, should opt for the right health insurance to secure their future from any kind of unforeseen medical emergencies. Without these people, events will not be as smooth as are supposed to be. Now that you are well informed about How much sum assured in health insurance is needed for an event planner, navigate through the website and get an instant for your preferred ACKO health plan and buy one today. 

Frequently Asked Questions About Health Insurance for an Event Planner
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Look into some of the commonly asked questions about health insurance for event planners.

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What is co-payment in health insurance?

Co-payment in health insurance refers to the predetermined amount that the insured individual must pay out of pocket for covered medical services, usually at the time of service.

How much premium should an event planner pay annually?

Experts suggest investing 50% of your annual income every year in varied insurance policies including health plans. However, the percentage might vary depending on your insurance requirements.

Can I apply for an Ayushman Bharat card online?

Certainly, one can apply for an Ayushman Bharat card under the PM-JAY scheme online through the official portal. Both offline and online application modes are available for the applicants.

Are there any tax benefits on health insurance?

Yes, in India health insurance premiums are eligible for tax benefits under Section 80D of the Income Tax Act. Policyholders can claim deductions on premiums paid for themselves, their spouse, children, and parents.

How many claims can I raise annually?

The number of claims you can raise annually depends on your health insurance policy and the terms and conditions set by your insurance provider. With ACKO, you can make multiple claims within the policy duration. 

Disclaimer: The plans, services, features, processes, and other details mentioned on this page are subject to availability and changes. Please check the applicable policy wordings before making any insurance-related decisions. Feel free to reach out to us at [email protected] for any queries.