Critical illness policy is a must thing for everyone but there are lots of queries about busying a critical illness plan.
The present era is the busiest of all and people are just engaged in running for money and better life to achieve more, to get more in short time.
All these are reducing time from their schedule to look after their health and leading them towards anxiety and illness. The unhealthy life is slowly making the people unfit and ill without their knowledge so it becomes more important to do some routine exercises and taking right care of the health.
The medical treatment of the illness is thing to worry and the expense for the treatment is increasing day by day that effect majorly on the savings.
Some basic reasons of the increasing trend of critical illness are high-stress jobs, least physical activity, declining environment, over eating of junk foods, smoking etc.
The treatment for critical illness is very costly and is hard to afford by the Indian middle class people so it will be great to take a critical health insurance policy that will cover both the financial coverage with bearing treatment bills.
There are some critical health insurance policies in market that are affordable and easily taken but there are some concerns that bother people who want to take such policies. This article is a guide and answer for those concerns.
Need to buy a critical illness policy
It is a mandatory thing and can be neglected at all as it can reduce the chance of getting seriously ill by providing a healthy lifestyle and checking health condition on a regular basis. A healthy routine exercise, healthy food chart, avoid smoking and drinking alcohol though help to not get ill easily yet a critical illness can appear anytime so to be on safe side one should take a critical illness coverage. This starts in a range of Rs. 10 Lacs to Rs. 25 Lacs that can ensure the treatment cost easily.
Available coverage under a critical illness policy
Generally a normal critical illness policy covers some listed critical illness and pays a fixed sum that manages the treatment cost and other additional expenses. An insured person under a critical illness policy may get a coverage of about 8-20 major critical illness as per the policy and mainly gives coverage for cancer, heart attack, stroke, coronary artery bypass surgery, heart valve replacement, major organ transplant, kidney failure etc.
Importance of buying a critical illness policy after having a health cover
It is a common concern and asked by most of the person and the answer is yes it is important then also and the two plans have some differences. Such as: a general health insurance policy may covers the hospital bills, the hospitalization costs before and after the admission etc. but all these are not enough for the treatment of any critical illness. On the other side, a critical illness policy helps to save the finance for the critical illness treatments and pays a lump sum for the listed diseases and also pays further expenses.
Better to buy a new critical illness policy or add with the existing health insurance policy
A critical illness policy can be getting separately as it will provide a wider coverage as per the insured sum and also remains valid after the health cover lapses. Some separate policies also have a multi-claim option that gives a policyholder to file various claims in a policy term as per conditions; all of these can’t be get in the critical illness policy which will adjacent with the health insurance policy.