Critical Illness Insurance Plans

Insurance for Critical Illness

Critical illness is a severe health condition involving with an exhausting consequence on the lifestyle of an individual. For proper treatment, the significant amount of money is required. It might result in the loss of one’s income for being unable to work

Criticalness of Critical Illness

The occurrences of severe illnesses are rising day by day. Critical illnesses also imply the loss of earnings, alteration in lifestyle along with permanent disability. The overall financial load can develop a serious situation, as compared to an assured health insurance plan is going to cover

To tackle this situation, it is essential to get a proper critical illness insurance that is able to fulfil one’s heavy medical cost and give lump sum compensation in order to meet his or her everyday expenses without the requirement of the fanatical race to arrange the money.

Critical Illness Health Insurance for Unprepared Medical Expenses

Critical illness is an event that changes one’s life, obstructs his or her dreams and affects the savings. Therefore, you should compare as well as find out the perfect critical illness cover at Quickbima. You will get:

  • Free Quotes from superior Insurers
  • Lowest Premium on the Critical Illness Plan
  • Online Immediate Critical Illness Policy
Health Insurance

Critical Illness Plan vs. Health Insurance

Many people are unable to understand the fact that health insurance is separate from critical illness policy. Therefore, it is very important to understand the differences properly.

Health Insurance
Who should purchase Critical Illness Policy?

Purchasing the critical illness insurance cover is significant specifically for one family’s earning members. The National Crime Records Bureau has compiled the data that nation’s 26,426 people experiencing chronic ailments including AIDS, paralysis, and cancer have died in the year of 2013.

You can compare the plans for cancer insurance and save yourself the sky-high cost related to cancer treatments

After the hospitalization, the incidental costs might reach sky-high. In such scenario of high treatment cost, having a proper critical illness plan seems to be only a feasible option.

The coverage of Critical Illness Insurance is an appropriate option if:

Someone is not involved with any kind of savings to help him or her in case of serious illness.

Someone does not have the employee benefits packages in order to cover a particular time period because of critical illness.

Critical Illness Cover - Inclusions

Critical illness rider covers the below diseases:

  • Cancer of Defined Severity
  • First heart attack of defined severity
  • Open chest CABG
  • Coma of defined severity
  • Open heart replacement along with the repair of heart valves
  • Kidney failure that requires regular dialysis
  • Stroke that results in permanent symptoms
  • Major organ or bone marrow transplant
  • Permanent paralysis linked to limbs
  • Motor neuron disease involved with Persistent symptoms
  • Multiple sclerosis persisting symptoms
  • Aplastic anaemia
  • Bacterial meningitis
  • Loss of speech
  • End-stage liver disease
  • Deafness
  • End-stage lung disease
  • Fulminant viral hepatitis
  • Major burns
  • Muscular dystrophy

The list of critical illness is indicative only and it is not comprehensive in nature. Insurance companies provide coverage with a differ count of critical illnesses under various policies for critical illness insurance. The list depends on the quote of critical illness insurance as well. One must read the policy terms and conditions carefully to have an idea which of the illnesses will be covered under a specific policy.


Exclusions in Critical Illness Polic

The critical illness cover is not going to insure one of the following diseases:

  • Critical illnesses that are diagnosed within first 90 days from the establishment of policy.
  • Death within 30 days of diagnosis of critical surgery or illness
  • Illness due to tobacco, smoking, drug intake or alcohol
  • Illness happening due to external or internal congenital disorder
  • Critical effects or conditions due to pregnancy or childbirth (including caesarean)
  • War, civil war, terrorism, navy or military operations
  • Infertility treatment
  • Hormone replacement treatment
  • Treatment for assisting reproduction
  • Any cosmetic surgery or dental care
  • HIV or AIDS infection
  • Treatment performed outside India

Benefits of Critical Illness Insurance

t is a terrible situation if due to the serious illness one is not capable of making his or her living. All of the above, that person will require experiencing medical expenses as well. For the sake of the critical illness health insurance, you will get lump sum amount if you are experienced with serious illnesses that have been covered by insurance policy.

Along with this, other benefits provided by critical illness policy are:

  • Include the cost of recuperation aid and care.
  • Tax benefits under the section 80 D.
  • Health check-ups without any cost.

The particular policy provides coverage for the expenses, such as donor expenses in a transplant surgery that is not covered under the normal health insurance policy.

Procedure for Filing a Claim for the Critical Illness policy

If a requirement is developed for filing a claim, then you can contact your respective insurance company and then register your claim.

Generally, the following documents are needed for filing a claim:

  • Duly Filled claim form.
  • Photocopy of the ID card
  • Medical Certificate acquired from a doctor that confirms the specific illness diagnose
  • Detailed discharge summary that has been given to you

After receiving the aforementioned documents, claim team will check them in order to ensure their originality. A written communication will be sent to the insured concerning approval or disapproval of a claim.

Remember: Additional documents might be needed based on the claim.

Work Structure of Mediclaim Policy

Suppose, you are unable to work because of a severe ailment, in that situation, how you will go to fulfil your regular household expenses? An appropriate coverage of critical illness is the requirement of today.

At Quick Bima, the experienced professionals will help you in the evaluation of available insurance policies as per the cover, premium, and benefits. They also offer their clients valuable advice, so that they can easily get the correct protection what they need and without paying for what they do not need. Now, just compare and find the appropriate insurance quotes and be ready along with your near and dear ones against all types of occurrences.

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