In­surance for Crit­i­cal Ill­nesses A cover all its own

Consumer Voice - - Bfsi -

What if you are di­ag­nosed with a crit­i­cal ail­ment and the full cost of treat­ment and med­i­ca­tion can­not be taken care of by your ex­ist­ing health-in­surance plan? The health plan may have a cap on spe­cific ex­penses such as on medicines, in­ten­sive care unit or doc­tor’s fees. In the ab­sence of a backup, you will end up pay­ing for th­ese ex­penses your­self. Crit­i­cal ill­ness can also lead to loss of in­come, to­tal or par­tial dis­abil­ity, and other un­fore­seen changes in life­style. The fi­nan­cial bur­den may be way more than what a stan­dard health plan, which pays pre- and post-hos­pi­tal­i­sa­tion bills, will cover. Buy­ing a crit­i­cal ill­ness plan is the best way to be pre­pared for the chal­lenges that one may be faced with when di­ag­nosed with a se­ri­ous dis­ease. While med­i­cal in­surance cov­ers hos­pi­tal­i­sa­tion, a crit­i­cal-ill­ness plan pays a lump sum on di­ag­no­sis of se­ri­ous ail­ments listed in the pol­icy doc­u­ment. This lump sum can be used for cost for treat­ment and sub­se­quent care-tak­ing, debts pay-off, re­cu­per­a­tion aids, com­pen­sat­ing any loss of in­come, and so on. Over­all, while it is a com­mon-enough per­cep­tion that med­i­cal in­surance and crit­i­calill­ness cover are one and the same thing, pro­vid­ing a hedge against al­most all ail­ments, the truth is far from it – due mainly to the ex­tent of cov­er­age pro­vided. With­out doubt, a crit­i­cal-

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