You can take care of your health with a
healthy and stress free lifestyle, but at the same time invest in a good health
insurance. Through insurance plans and benefit policies, like a critical
illness cover. These are not, as most people think as "only either one". Rather
you need to take into account your age, health condition and sum assured.
illness cover pays a predetermined fixed amount to the beneficiary on diagnosis
o listed illnesses like cancer, bypass, kidney failure etc. In the case of a
regular health plan - the actual expenses incurred during treatment and
hospitalization is reimbursed to the policy holder.
For an illness like cancer or renal failure, the medical
expenses are very high due to hospitalization and inability to work due to
recuperation from surgery and treatment. When critical illness cover is taken
as a rider to an insurance plan - it gives you an assured sum on diagnosis
which helps you through loss of income during the recuperation period.
use the lump-sum for critical illness the contract ends and you may not be able
to apply for a new policy at this stage - it is always better to have a basic
supplementary health policy also, to tide you over medical emergencies in
buy a health policy it is best to enhance it by taking one for critical illness
plan, which gives you a lump-sum payment on diagnosis.
an entire range of health products available in India, buy the appropriate plan
to get a comprehensive health cover.
Hannah Punitha (IRDA
Licence Number: 2710062)
Lovaii Navlakhi, April 2013