Critical Illness health Insurance When purchasing health insurance, you often look for one with a low premium, but you should also consider critical illness coverage when purchasing health insurance. Critical illness insurance ensures that your savings are not affected in case of an emergency. Know which critical illnesses are covered and what are the features of critical illness coverage.
People take health insurance to provide financial assistance to themselves and their family in case of any untoward health-related incident.
While taking health insurance, we often look for those insurance which have low premium but while taking health insurance, you should also keep in mind the critical illness cover.
A policy covering critical illness ensures that your savings are not affected in case of any emergency.
What is critical illness cover?
After taking health insurance, if you are thinking that if you suffer from any disease, your insurance company will bear its expenses, then you need to be careful.
If you have not added critical illness cover or added rider while taking health insurance, then you will not be able to make an insurance claim in case of serious illness.
Generally, many of the health insurance that you buy do not cover critical illness. However, some insurance policies cover critical illness. It depends on the policy of each insurance company.
What is meant by critical illness?
Critical illness is also called serious illness in simple language. These include serious diseases like cancer , heart attack, kidney failure, organ transplant etc. which cost lakhs of rupees.
Here you should pay attention to whether the insurance you are buying comes with critical illness cover or not and if it comes, then which serious diseases are covered in it.
What are the features of critical illness cover?
Tax benefit
Critical illness cover in health insurance not only helps during serious illness but this cover also gives you tax benefits under Section 80D of Income Tax.
Low premium
Believe me, you will feel the benefits of this cover when you will save lakhs of rupees. If you take critical illness cover, you do not have to pay much premium.
Beneficial in serious illness
Most serious diseases are genetic. If that disease is being passed on from generation to generation in your family, then in this situation a policyholder should take critical illness cover.
