Health insurance market is stuffed with a plethora of plans. Choosing the right plan that caters your health care requirement can be a daunting task. However, considering the present situation, where medical inflation is galloping, pollution and life-threating diseases are increasing, critical illness health insurance is a need of an hour. It is the health insurance designed to provide coverage against life-threating diseases.
Critical Illness Health Insurance
Under this plan, you receive the sum insured in a lump sum once you diagnose with cancer, kidney failure, heart ailment, and so on. You can use the one time amount for the treatment, medicines, and recuperation expenses. Even you can pay off the debt that you make take for your treatment. In critical illness health policy you can make a claim only after the completion of survival period. These plans have a bit higher premium amount with maximum coverage.
Here are the reasons that support why critical illness health insurance is important:
Lump sum Amount
Under critical illness, you get the lump sum amount after you submit the diagnosis to the respective team. You can pay for in-patient hospitalization, diagnosis, and medication. Also bears the expenses related to air ambulance cost, chemotherapy & radiotherapy cover, dialysis cover, organ donor cover, second opinion, and annual health check- ups.
Critical Illnesses Coverage
Critical illnesses such as Cancer, End-Stage Renal Failure, Multiple Sclerosis, Benign Brain Tumour, Motor Neuron Disorder, End-Stage Lung Disease, Major Organ Transplant, Stroke, Paralysis, and Coma are covered under this plan. The treatments of such illnesses are expensive and on-going. Thus, you do not need to ask money to anyone for the treatment.
If the in-patient hospitalization in the network hospital is for more than 24 hours then we cover your hospitalization expenses. These expenses include your room charges, nursing expenses, ICU, surgeon’s fee, doctor’s fee, blood, oxygen, and OT (operation theatre changers).
Day Care Treatments
Day care treatment means the treatment where you do not need to admit in the hospital for a day. Critical illness policy also covers your day care treatment. Cataract surgery, chemotherapy, dialysis, or treatment or therapy requires hospitalization for a day. So, if you are going for it, then you will get the amount for room rent, doctor’s visit, medicines, etc.
Pre and post hospitalization
We cover your pre and posts hospitalization expenses that include diagnosis, treatment, and medicine expenses, along with doctors’ fees. Treatment costs such as dialysis, day care treatments, and surgeries are also covered.
Plan also offers additional covers such as ambulance cover, recharge of sum insured, alternative treatment, doctor on call, global coverage, domiciliary hospitalization, and so on. You will also get the reimbursement for these expenses.
Annual Health Check-Ups
Under critical illness plan you can also avail annual health check-ups. The package includes tests for blood sugar, urine routine, blood groups, kidney function, and ECG check-ups. This facility helps you to keep a track of your health.
Under section 80 D, of the Income Tax Act 1961, premiums paid for critical illness health insurance either for self, dependent parents, spouse or children, is entitled for tax exemption. However, the taxable amount is subject to income, age, number of persons insured, and also income tax law.
Thus, health insurance plan for Critical Illness is very helpful. It gives you financial assistance to bear your hospitalization and treatment costs. You can opt for critical illness plan offered by Religare Health Insurance that covers around 32 life-threatening diseases and have tie-ups with 7400+ network hospitals across the country. So, you can get the best possible treatment and focus on your recovery with peace of mind.