Critical illness insurance is provided to safeguard your finances in the case of life-threatening diseases.
Dedicatedly designed for middle-class families, this health plan covers diseases like:
- Cancer
- Stroke
- Kidney Failure
- Paralysis
- Coronary Artery Bypass Surgery
- First heart attack
- Pulmonary Arterial Hypertension
- Multiple Sclerosis
- Aorta Graft Surgery
Getting treatment for these diseases is an expensive affair. Under the Critical Illness Plan as soon as you are diagnosed with the disease, it will pay you a predefined amount irrespective of the actual cost of treatment incurred.
Nothing can be a smart move than buying a Critical Illness Policy as it prevents any impact on your savings. The policy has lifetime renewability. If you take the Critical Illness Policy, then you should survive for 30 days after diagnosis of the illness.
It will be wise to buy this policy if you have had a family history of some diseases. Other than the lump sum amount, a Critical Illness Policy reimburses you the cost of care and hospitalization expenses. You can also avail the benefit of the complementary health check-ups.