Nowadays, lakhs of rupees are spent in the treatment of many common diseases. In such a situation, if cancer or heart related disease occurs, then all the savings of a good earning person gets wiped out in one stroke.
Critical illness insurance helps us in such situations. Let us know what is Critical Illness Insurance and what things should be kept in mind while taking it?
In today’s time, our lifestyle is quite complicated. The system of everything from eating to sleeping and waking up has been disturbed. Due to this, many serious diseases also make us victims.
Let us know what is Critical Illness Insurance and what are its benefits?
What is critical illness insurance?
Nowadays, lakhs of rupees are spent in the treatment of many common diseases. In such a situation, if cancer or heart disease occurs, then all the savings of a good earner gets wiped out in one stroke. Critical illness insurance helps us in such situations.
It covers treatment of problems like heart attack, cancer, kidney failure, paralysis, tumor, coma and organ transplant. These diseases damage vital parts of the body and their treatment takes a long time.
Benefits of Critical Illness Cover?
Its biggest advantage is that it provides coverage for serious diseases that can leave you financially helpless. In this, no medical check-up is required till the age of 45 years.
If a serious illness occurs, the insurance company can also pay you a lump sum. With this you can get your treatment in a good hospital. Tax exemption is also available under section 80D. Besides, the process of making an insurance claim is also quite easy.
Which diseases are covered?
Critical illness insurance covers problems like heart attack, stroke, cancer, paralysis, organ transplant and brain tumor. However, if you are going to take a critical illness insurance policy, then carefully consider the medical history of your family. This will give you an idea of which diseases to give more priority to cover.
