Chronic diseases are usually progressive. If a condition lasts more than three months, it is chronic. Kidney, cardiovascular, and diabetes are some examples. You require lots of money for their treatment and take proper precautions in your diet and lifestyle. These diseases burn a hole in your pocket and exhaust your savings for the future. Diagnosis of a critical illness is stressful.
Therefore, you should buy a Critical Illness cover under Health Insurance when you or your loved one gets diagnosed with a life-threatening illness. It comes with a higher sum assured, ranging into several lakh or even crore, allowing you to undergo treatment without draining your savings.
What does it cover?
The General Insurance provider lists the diseases covered under this policy, the most common ones being cancer, paralysis, tumours, attacks, strokes, etc. Note that the premiums of Critical Illness Policies are generally higher than a regular Health Insurance Policy, but so is the sum assured.
The diseases and treatments covered under such Health Insurance Plans include cancers, heart attack, open heart replacement surgeries, heart valve repair, kidney failures, coma, strokes, organ transplants, permanent paralysis, multiple sclerosis, bacterial meningitis, and lung diseases.
Why buy it?
Medical Insurance is necessary for every family member as emergencies arise. Being prepared for the worst is better than struggling with fund arrangements later. It is a bonus if families buy this policy amidst rising inflation and medical treatment costs. Here are the reasons:
Knowing that you are financially secure upon the diagnosis of a critical illness can provide security during stressful times. Health Insurance in India provides coverage against various medical bills, hospitalisation costs, surgeries, biopsies, etc. You need not depend on your savings to pay for these expenses as the policy covers them.
Treatments cost money
Treating such illnesses can drain your savings, and bills pile up continuously. A Critical Illness Policy comes with a larger sum assured, allowing you to focus on getting treatment rather than worrying about expenses. The online mode allows you to buy and renew Health Insurance without hassles.
You can get the best treatment when buying Health Insurance Plans in India from reputed companies. You seek treatment from the best doctors when diagnosed with a critical illness. The large sum enables you to choose the best treatment without cutting corners.
Things to consider
When buying Online Health Insurance for critical illnesses, consider all the diseases covered and invest in one offering maximum coverage. Be aware of the exclusions. Understand the claim filing procedure well, so there are no surprises during encashment. Check if there are benefits upon renewal and No Claim Bonuses. Consider your age while buying the policy. For instance, you pay a lower premium if you are below 30 years old.
How to buy it?
To buy Insurance online, check whether the provider has a dedicated website. Compare the plans with other providers thoroughly. Visit the website, read the inclusions, premiums, sum assured, and coverage, and pay the required sum to the insurer through Online Banking, and Debit or Credit Cards. Provide the required details on the form. You receive a soft copy of the policy document at your registered email address for instant access.
To read more on topics like this, check out the Lifestyle category