Insurance for Critical Illnesses A cover all its own

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-