Critical insurance plan is one of the few types of health insurance plan available in India. The insurance provides coverage for medical treatment of critical ailments such as cancer, kidney failure, paralysis, a stroke and the like. This becomes absolutely essential for senior citizens above 70 years of age.
Why is it necessary?
A critical ailment can strike at any time, especially in case of elderlies. And as costs of medical treatments continue to increase, it becomes more important to devise ways to cope up with expenses of a critical illness diagnosis. Thus, a critical illness plan, which covers highly expensive medical problems such as the ones mentioned above, becomes absolutely essential.
How to choose the best insurance plan?
1. Maximum coverage available:
First and foremost, check the coverage available. The medical inflation rate is likely to increase in the next couple of years and thus, your critical illness insurance cover should be in accordance. To be on the safe side, opt for the maximum coverage available.
2. Features and benefits:
2. Features and benefits:
Secondly, check the availability of additional features such as coverage for donor treatment in case of transplant surgery etc. and choose the right option for yourself accordingly.
Click Here to Know More- Who Should Buy Critical illness policy?
3. Premium:
Click Here to Know More- Who Should Buy Critical illness policy?
3. Premium:
Critical illness medical policies are undoubtedly expensive but the subscription cost should be practically reasonable and as per the IRDA rules.
4. List of network hospitals:
4. List of network hospitals:
As said above, critical ailment can strike any time and at any place. And since the medical problems covered by the said insurance policy requires immediate medical attention, the policy you choose should have a wide network of hospitals wherein cashless facility can be availed.
For more info about related topic: What should you know about Critical Illness Insurance?
Hi,
ReplyDeleteThank you for sharing your blog. It provides a lot of relevant information. We, at policy 21st also offer Critical Illness Insurance Plan which are full of benefits. We give you facility such as cashless hospitalization, Tax benefits under section 80 D, Free health checkups, Cost of care and recuperation aid, the benefit of lump sum amount etc. Thus a critical illness insurance plan is the need of the hour because it saves you from a lot of trouble.