A critical illness insurance cover, often referred to in laymen language as Critical Illness Insurance, transfers to the insurance benefits you receive to deal with life-threatening essential illnesses and different lifestyle diseases. For example, critical health issues like Cancer, Stroke, and Kidney failure need comprehensive treatment, which can become a toll on your finances and are often covered in the Critical Illness Insurance Cover and the base plan that provides a life insurance cover.
Features of Critical Illness Policy
Here this selection, we are providing critical illness cover has the following prominent features:
- Coverage for 32 critical illnesses, including cancer, stroke, end-stage renal bankruptcy, and many more
- Psychiatric counselling for a quick recovery
- Extensive coverage at low premium
- Pre and post hospitalization, gland donor cover, and dialysis cover
- Hassle-free case settlement
- EMI Option to decrease the financial burden
- Online availability in several clicks
- 24×7 customer care
Investopedia- Critical Illness Insurance
Critical Illness Insurance Benefits
Getting health insurance is required to stay financially protected if there is a medical emergency. As people who suffer the risks of serious ailments, there is a greater need for a suitable health cover, catering to the specific costs arising from their medical treatment. Some critical illness insurance plan rightly fulfils this requirement by offering adequate coverage for various medical expenses, thus securing financial security. So, health plans also enable you to access quality medical care at the best hospital externally facing any hassle. Any of the significant benefits of critical illness policy include:
- Cover for expensive medical methods
- Cover for medical expenses behind hospitalization
- Cashless claim facility at chain hospitals
- Tax savings under Section 80D
Why should one buy a Critical Illness Cover?
Getting a critical illness cover will help you prepare yourself financially against medical expenses arising due to the treatment of acute ailments. Healthcare has advanced in India, and there is a cure available for several chronic diseases. However, medical treatment is expensive. Critical illness insurance plans help you deal with costly treatment without any worry. Mentioned below are the significant benefits:
- In-Patient Hospitalisation Cover
- Day Care Treatment Cover
- Pre and Post Hospitalization Medical Expenses Cover
- Cover for medical procedures including dialysis, chemotherapy, and radiotherapy up to sum insured
- Organ Donor Cover
Moreover, critical illness policy by Care Health Insurance (formerly known as Religare Health Insurance Company Limited) enables the insured to avail health services like Quick Recovery Counselling with a fixed amount per session, cover for OPD expenses, choosing to have Doctor on Call and access to Health Portal as well as Global Coverage.
Critical Illness Cover vs Health Insurance
| Factors | Critical Illness Insurance | Health Insurance |
| Coverage | It is planned to cover life-threatening critical illnesses that need immediate treatment and long-term medicine. | It implements comprehensive coverage for different diseases, including hospitalization and treatment costs. |
| Benefits | It proposes a wide range of benefits to pre- and post-hospitalization, gland donor cover, dialysis cover, psychiatric counselling, etc., that encourage sufferers with a speedy replacement. | It allows various benefits such as in-patient hospitalization, pre- and post-hospitalization, day-care treatments, ICU charges, and more. |
| Number of illnesses | It includes 32 critical illnesses, including cancer, end-stage renal failure, benign brain tumour, etc. | It includes various types of chronic diseases, medical treatments, and procedures. |
| Waiting Period | It has 90 days original waiting period and ranges to 48 months for pre-existing diseases. | It has 30 days original waiting period and ranges to 48 months for pre-existing diseases. |
Critical Illness Plan Included
- In-Patient Hospitalization Cover
- Pre and Post Hospitalization Medical Expenses
- Day Care Treatment
- OPD Cover
- Cover for ICU charges
- Ambulance Cover
- Organ Donor Cover
- Cover for Alternative Treatments
- Chemotherapy & Radiotherapy Cover
- International Second Opinion
- Lifelong Renewability
- Annual Health Check-up
MaxBupa- Critical Illness Insurance
Critical Illness Plan Not-Included
- Self-inflicted damages
- Adventure sport damages
- War
- Participation in support operations
- Venereal or sexually transferred diseases
- Surgery of obesity or cosmetic surgery
Best of Luck!!!