Know How Critical Illness Insurance Can Help You

Critical illness insurance tackles the serious issues of health and covers the financial side associated with such illnesses. It covers the major types of critical ailments and ensures that your savings remain intact.

What You Must Know?

Critical illness insurance always makes a lump-sum payment upon the diagnosis made. If the client is diagnosed with one of the critical illnesses as per the norms of the insurer, then the company will pay the entire fee for that without any hassle at all. Also, one does not need to provide any receipt or proof of every detail of the diagnosis or the medicines to get the claim.

Adding It Over Your Base Plan

You may either sign up for separate critical illness insurance or you may take it as an additional service on top of your existing life insurance policy. Make sure that you read the details of the list of ailments that the plan covers.

Get The Right Policy

The health insurance policy for the critical illness that will work for you depends upon certain factors such as your age, existing ailments, lifestyle and family medical history. Always compare the benefits you get from an insurer to the other so that you pick the best one. For instance, Bajaj Finserv has a customised solution for critical illness policy that includes most of those ailments that are generally neglected. One can get cover for transplant surgery which is not a common cover.

So make sure you read the terms and conditions and know about the policy well before you decide.

Read Also: HOW TO BATTLE YOUR CRITICAL HEALTH PROBLEM WITH CRITICAL ILLNESS INSURANCE?

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