When illness strikes, this cover cushions the fall -- guarding health, finances, and the family's fragile future
Ensure that you get a high sum insured. Also, make sure the policy covers the cost of implants (pacemaker, stent, etc), and pre and post-hospitalisation expenses.
If you are diagnosed with a critical disease, then its treatment would be very expensive and may require intensive care and hospitalisation which your comprehensive insurance plan may not cover. In such type of cases you have to pay the cost of the whole treatment.
The policy provides a lump sum amount on the diagnosis of the illnesses during the policy term, as well as certain congenital disorders.
'A policy that covers a wider range of diseases will offer greater peace of mind.'
Purchase health insurance early while you are disease-free. 'It might become very difficult to get a comprehensive health cover for someone who has already had cancer.'
Cardiac patients whose proposals for a regular health insurance plan get turned down should apply for a cardiac-specific plan.
A person who has cancer and doesn't have any health insurance will find it difficult to buy a regular hospitalisation cover. An indemnity-based cancer plan may cover them.
You can avail of tax deduction on expenses incurred on preventive health check-ups. This provision is beneficial to younger people who don't exhaust their Section 80D limit with their health insurance premium.
Critical illness plans can be bought both as a benefit cover and an indemnity cover, say experts.
Without them your financial security is at a huge risk...
Well, there are five good reasons why you must!
Aslam Hunani presents some of the frequently asked questions about health insurance in India.
V Viswanand, Senior Director and Chief Operations Officer, Max Life Insurance, lists out a few important steps to start planning for your golden years
A cancer dedicated policy will provide a sum assured of Rs 20-25 lakh for a 30 year old for mere sum of Rs 4,500-6,000 per year (on an average) for a term of 35-40 years, which is even lesser than the cost of a weekend road trip with your loved ones
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