Nowadays, lakhs of rupees are spent on the treatment of many common diseases. In such a situation, if a person gets cancer or a heart-related disease, then all the savings of those who earn well are lost in one go. 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 very complicated. The system of everything from eating to sleeping and waking up has been spoiled. Due to this, many serious diseases also make us their victims.
If there is a common disease, then our health insurance covers it. But, it is not useful in case of serious diseases like cancer and heart attack. In such a situation, there is a need for critical illness cover.
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 related disease occurs, then all the savings of the people earning well are finished 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 lasts for a long time.
Benefits of critical illness cover?
The biggest advantage of this is that it provides coverage for serious illnesses that can leave you financially distressed. It does not require any medical check-up till the age of 45 years.
If a serious illness occurs, the insurance company can also make you a lump sum payment. With this, you can get yourself treated in a good hospital. It also provides tax exemption under section 80D. Along with this, the process of claiming insurance 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, take a good look at your family’s medical history. This will give you an idea of which diseases to give more priority to cover.
