Articles

What Are the Benefits Of Diabetic Care Health Insurance?

by Rahul K. Insurance
Known as the ‘diabetic capital of the world’, India is witnessing an alarming rise in the number of diabetic cases. However, studies suggest that a large chunk of the cases of diabetes in India goes untreated. One of the driving factors behind this issue is that diabetes care is quite expensive. Diabetes is a disease which shouldn’t be ignored at any cost. This is why a diabetes cover health insurance might come handy for you. 

Just as the treatment is expensive, so is insurance. Diabetes care insurance usually costs much higher than a general health insurance. Hence, it often becomes difficult to opt for an insurance plan even if one wishes to. However, certain insurance companies like Vital offer various flexible payment plans and financing options, which has made it much easier to get yourself or your loved ones a diabetic insurance cover.

How is Diabetes care Health Insurance Different from General Health Insurance?
The most basic difference between a general health insurance and a diabetes insurance is that the former doesn’t usually cover diabetes. This is primarily due to the high cost of diabetes treatment. Even if the health insurance covers diabetes, it would cover only a part of the costs. You would need a comprehensive diabetic care health insurance to enjoy a proper coverage of the expenses on tests, insulin shots, medication, diet, etc.

Moreover, health insurances which cover diabetes come with a waiting period in case of the disease is pre-existing. On the contrary, a diabetes insurance wouldn’t come with a waiting period, allowing the policyholder to avail the benefits immediately.

Why is Diabetes Insurance Expensive than the Rest?
The reasons why insurers usually charge high amounts of premium for diabetes insurance plans are:
It's a specialised insurance
Diabetes is a common disease
The plan can be renewed for the lifetime of the policyholder
Typically, diabetes patients outlive the policy term
As the disease is common, the insurers face a higher risk of pay-out

One might wonder why it is recommended to opt for diabetes insurance if it is expensive. The reason is quite simple. The insurance is expensive mainly because the treatment of diabetes costs a large sum of money for a long period of time. Now, without an insurance coverage, it might prove hard for one to be able to pay up for the lifelong treatment. Rather, it is much easier to just choose an easy payment plan and get yourself financially secured just in case if you start suffering from diabetes later in life.

Top heads where you might incur costs for diabetes care:
Regular tests
Visits to the doctor
Medicines
Insulin injections
Diet
Additional complications
Diabetes is usually a lifelong condition, which means you would have to keep spending money on your health until the end of your days if you are diabetic. It may cost you something raging from INR 30,000 to INR 75,000 every year.

Why is diabetes care so Crucial?
Diabetes may not seem to be fatal or as dangerous as some of the other diseases. However, treatment for diabetes is as important as the rest. Not following the prescribed diet, for example, might aggravate the condition. Inadequate treatment of diabetes may lead to blindness, heart attack and kidney failure, among other problems.

How can you avail an Affordable Diabetes Care Insurance?
Vital offers their clients with various plans and benefits for diabetic insurance, with varied payment plans. Some of the prime features in these insurance plans are:
0% EMI for certain planned procedures
Dedicated account manager
Easy and quick processing of claims
Low premiums
With the various options available, you wouldn’t have trouble finding a suitable diabetes care insurance plan.

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About Rahul K. Junior   Insurance

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Joined APSense since, September 2nd, 2020, From Delhi, India.

Created on Sep 29th 2020 00:27. Viewed 337 times.

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