Don't Let a Critical Illness Derail Your Finances - Get Insured Today
17 July, 2023
8 Shares
205 Reads
Share
“The groundwork of all happiness is health” - James Leigh Hunt. It is not just a quote but the reality of life. Attaining a work-life balance is impossible without being careful about the basic health regime. A healthy mind and soul remain happy from within and ensure the same for the society.
However, it has become challenging to ensure healthy living due to the environment being full of toxic food, air and water. This has degraded the mental as well as physical health of people, especially in urban areas. As a result, critical illnesses like cancer, stroke, paralysis, etc., have made space in the loopholes of daily life.
In this blog, we will talk about critical illness and ways to protect your finances on the treatment of such diseases.
What is Critical Illness?
Critical illnesses are severe and sometimes dangerous health problems which involve diseases like cancer, heart attack, stroke, organ transplant, etc. They are curable but involve expensive medical treatment. The common features in the treatment of such diseases include modern technology, qualified doctors, well-trained hospital staff, quality services, etc. The features, when combined, demand a good amount of money during the treatment. This expenditure can be shared by availing critical illness insurance for yourself and your loved ones.
What is Critical Illness Insurance?
Critical illness degrades health and also burns a hole in your pocket. Critical illness policy in India covers the insured against life-threatening diseases and provides a lump sum amount mentioned in the policy to curb medical expenses. Traditional insurance neither covers the treatment cost of these diseases nor covers the non-medical cost related to illness. Though the inclusion of critical diseases varies with the insurance company and plan you choose, here is the list of the most common critical diseases covered by the majority of insurance providers:
- Cancer
- Heart attack
- Stroke
- Coma
- Paralysis
- Kidney failure
- Motor neuron diseases
- Organ transplant
- Terminal illness
- Parkinson’s disease
Why is it Important to Opt for Critical Illness Health Insurance?
Critical illness helps you cover expenses besides hospitalisation, like doctor consultation fees, the cost of medicines and many more. Here are various benefits you get from critical illness health insurance:
- Accidental Death Benefits: Unlike a normal health plan, critical healthcare insurance provides accidental death benefits. The nominee will be paid the sum assured benefit.
- Income Substitution: When a person is affected by a severe disease, along with a lump sum amount, the policyholder also gets a monetary benefit for household expenses.
- Foreign Treatment: The policyholder can also choose to get treatment from abroad with the best medical facility.
- Non-medical Expenses: Expenses incurred on transportation to and fro for treatment or installing lifts in homes for critically ill people and other expenditure related to treatment is covered under the plan.
What are the Factors to Keep in Mind Before Buying a Plan?
While choosing an insurance plan for your loved ones, you must consider some factors so that you make a wise decision. Here are a few factors:
- Sum Assured: Your plan must have adequate coverage in line with your requirements. You must have clarity on what the sum assured should be and how much critical illness insurance you need.
- Sub-limits: It is important to check the sub-limits so that you are aware of how much actual coverage you have for a specific head.
- Inclusions and Exclusions: Inclusions are the things covered and benefits your policy provides. Exclusions are the things not covered under your plan. You must check if important things are under the inclusions or not.
- Waiting Period: Waiting period implies the time till which you can not file claims. You should consider a policy with a minimum waiting period and maximum benefits.
With increasing health issues and rising medical expenses, buying critical health insurance has become the need of the hour. It not only protects your hard-earned income but also leverages the risk associated with a future medical emergency. With a fixed amount of premium, you can protect sudden drain of wealth in hard times. So, what are you waiting for? Search for a good plan for your family and protect them today.
Secure your Health with comprehensive insurance plans from Niva Bupa
Health Insurance - Health Insurance | Medical Insurance | Best Health Insurance Plans | Health Insurance Plans | Health Insurance Policy | Best Health Insurance Plans | Best Family Health Insurance | Best Mediclaim Policy | Best Health Insurance In India | Best Medical Insurance In India | Best Health Insurance Plans In India | Best Health Insurance Policy In India | Mediclaim | Best Health Insurance For Senior Citizens In India | Best Health Insurance | Health Insurance With Opd Cover | Mediclaim Insurance | Medical Insurance Plans | Best Health Insurance Company in India | Critical Illness Insurance | Personal Accident Insurance | Mediclaim Policy | Individual Health Insurance | Pregnancy Insurance | Maternity Insurance | Best Family Health Insurance plans in India | Best Health Insurance company | Family Health Insurance | Best Health Insurance plans for Senior Citizens | Mediclaim Policy for Family
Health Insurance Schemes - Chief Ministers Comprehensive Health Insurance Scheme | Employee State Insurance Scheme | Swasthya Sathi Scheme | Pradhan Mantri Matru Vandana Yojna | Government Health Insurance Scheme | Dr. YSR Aarogyasri Scheme | Pradhan Mantri Suraksha Bima Yojna | Health Insurance Deductible | West Bengal Hcovealth Scheme | Third Party Administrator | Rashtriya Swasthya Bima Yojana | In Patient Vs Out Patient Hospitalization | Mukhyamantri Chiranjeevi Yojna | Arogya Sanjeevani Health Insurance | Copay Health Insurance | Cashless Health Insurance Scheme | Mukhyamantri Amrutum Yojna
Travel Insurance - Travel Insurance | International Travel Insurance | Student Travel Insurance | Travel Insurance USA | Travel Insurance Canada | Travel Insurance Thailand | Travel Insurance Germany | Travel Insurance Dubai | Travel Insurance Bali | Travel Insurance Australia | Travel Insurance Schengen | Travel Insurance Singapore | Travel Insurance UK | Travel Insurance Vietnam | Malaysia Tourist Places | Thailand Visa for Indians | Canada Visa for Indians | Bali Visa for Indians | ECR and Non ECR Passport | Qatar Visa Status | USA Visa | Vietnam Visa | USA H1B Work Visa
Become an agent - Insurance Agent | Insurance Advisor | Licensed Insurance Agent | Health Insurance Consultant | POSP Insurance Agent
Group Health Insurance - Startup Health Insurance | Commercial Health Insurance | Corporate insurance vs personal insurance | Group Personal Accident Insurance
Top Hospitals - Best Hospitals in Chennai | Top Hospitals in Delhi | Best Hospitals in Gurgaon | Best Hospitals in India | Top 10 Hospitals in India | Best Hospitals in Hyderabad | Best Hospitals in Kolkata | Best cancer hospitals in Bangalore | Best cancer hospitals in Hyderabad | Best cancer hospitals in Mumbai | Best cancer hospitals in India | Top 10 cancer hospitals in India | Top 10 cancer hospital in Delhi | Multi Speciality Hospitals in Mumbai | Multi Speciality Hospitals in Chennai | Multi Speciality Hospitals in Hyderabad | Super Speciality Hospitals in Delhi | Best Liver Hospitals in Delhi | Best Liver Hospitals in India | Best Kidney Hospitals in India | Best Heart hospitals in Bangalore | Best Heart hospitals in India | Best Heart hospitals in Kolkata | Best Heart hospitals in Delhi
Others - Top Up Health Insurance Policy | Corporate Health Insurance | Health Card | Section 80d of Income Tax Act | Ayushman Bharat | Health Insurance Portability | GoActive Family Floater Plan | Health Companion Family Floater Plan | Health Premia Family Floater Plan | Health Pulse Family Floater Plan | Health Recharge Family Floater Plan | Heartbeat Family Floater Plan | Money Saver Family Floater Plan | Saral Suraksha Bima Family Floater Plan | Senior Citizen Family Floater Plan | Super Saver Family Floater Plan | Corona Kavach Family Floater Plan | Hospital Cash Insurance | Cashless Health Insurance | Health Companion Price revision | Heartbeat Price revision | ReAssure Price revision
Health & Wellness - PCOD | PCOD Problems Symptoms | Stomach Infection | Stomach Infection symptoms | Home remedies for Stomach Infection | Hypertension definition | How to Control Sugar | Typhoid in Hindi | Blood sugar symptoms | Typhoid symptoms in hindi | Low sugar symptoms | ब्लड शुगर के लक्षण | pregnancy me kya kare | Open heart surgery cost | Blood infection symptoms in hindi | BP badhne ke karan | Khansi ka gharelu upay | Omicron | Coronavirus Health Insurance | Covid XE Variant | Norovirus
www.nivabupa.com
+91 11 41743397
1860-500-8888
3rd Floor, Capital Cyberscape, Sector 59, Gurgaon
- Insurance is a subject matter of solicitation. Niva Bupa Health Insurance Company Limited (formerly known as Max Bupa Health Insurance Company Limited) (IRDAI Registration Number 145, Category:Health), 'Bupa' and 'HEARTBEAT' logo are registered trademarks of their respective owners and are being used by Niva Bupa Health Insurance Company Limited (formerly known as Max Bupa Health Insurance Company Limited) under license. CIN: U66000DL2008PLC182918
- 1 Niva Bupa processes pre-authorisation requests within 30 minutes for all active policies, subject to receiving all documents and information(s) up to Niva Bupa’s satisfaction. The above commitment does not include pre-authorisation settlement at the time of discharge or system outage.
- 2 Since Inception refers to claim data from 2010 till December 2023.
- 3 ReAssure 2.0 Premium: The premium is including taxes and for Bronze Variant, for a 25-year-old individual living in Delhi.
- 4 Aspire Premium: The premium is including taxes and for Gold+ Variant, for a 25-year-old individual living in Delhi.
- 5 Senior First Premium: The premium is including taxes and for Gold Variant, for a 65-year-old individual living in Delhi.
- 6 Health Premia Premium: The premium is including taxes and for Silver Variant, for a 25-year-old individual living in Delhi.
- 7 SmartHealth + Disease Management Premium: The premium is including taxes and for Disease Management Gold Variant rider when bought with ReAssure 2.0 Bronze variant with Base Sum Insured of 5 lacs, for a 25-year-old individual living in Delhi.
- Beware of spurious / fraud phone calls! Do not share your confidential information like Debit / credit card number, Internet Banking User ID/Password, Pin, CVV, OTP, etc. with anyone. Avoid clicking on attachments / payment link received in mails / message from unknown sources. IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment or premium. Public receiving such phone calls are requested to lodge a police complaint. Do not respond to unsolicited and attractive offers received through unidentified calls, emails, SMSs, and other social media platforms. Beware of misleading telephone calls from people posing as Niva Bupa officials, agents, IRDAI Officials, Officials from ECI (Office of the Executive Council of Insurers) etc. and offering alluring benefits or sharing false information on your policy or on Niva Bupa. Niva Bupa shall not be responsible for any loss or damages whatsoever for any acts or omissions arising out of such spurious calls, and all customers are advised to contact our customer care at 1860-500-8888 and verify any representations or promises made by any such spurious callers before acting upon the same.