“Thanks, but I have a Health insurance policy”. This is the common rebuttal we get from customers when we approach them with a Critical Illness plan. Unfortunately, Critical Illness is one of the most underrated forms of Insurance in India, as customers fail to understand the basic difference between a Health Cover and a Critical Illness policy. Moreover, customers don’t realize the importance and relevance of having a Critical Illness policy, in today’s fast-paced life.
India is often referred as the Coronary Heart Disease and Diabetes Capital of the World. What’s more disturbing is the strong prevalence of these lifestyle diseases amongst youngsters, in the age group of 25-40 years. Obesity, unhealthy eating and sleeping habits, high stress, pollution, smoking, physical inactivity, etc. are factors responsible for these diseases.
So how is Critical Illness policy different from a Health cover?
- Helping Hand
Treatment of a life-threatening disease can be both extensive and expensive. Health Insurance will only cover the hospitalization, medication and diagnosis expenses, provided you comply with the terms & conditions. Also, the limit of your Health Policy may not suffice and there may be several incidental expenses that your policy may not cover. This is where a Critical Illness policy comes in handy. It offers a lump-sum amount, upon diagnosis, and gives you the freedom to use it the way you want.
The lump sum amount offered can be used for your treatment, to clear debts or to pay for you daily household expenses. During the course of the treatment, most patients are forced to give up their jobs or take a sabbatical which results into loss of income. A Critical Illness policy helps you overcome this barrier and allows you to continue the treatment without any hiccups.
A Critical Illness policy is an inexpensive product which costs approximately one-third of your Annual Health insurance premium. Which means, a 30-year-old can get a cover of Rs 5,00,000 for a premium of just Rs 1500 per year, which works out to approximately Rs 5 per day. Yes, you read it right.
To know more about Critical Illness policies, call us at 86559 86559 or email us at firstname.lastname@example.org
Be aware, Be protected,