What Illnesses Does Critical Illness Policy Cover?

A critical illness insurance policy is an add-on that you can buy with a comprehensive health insurance plan. It protects you against any critical illnesses such as renal failure, cancer, heart conditions, stroke, multiple sclerosis, and many more. 

Critical illnesses can bring severe physical distress and monetary stress during an emergency. This is why you must always buy a critical illness policy along with a comprehensive health insurance plan. If you have a critical illness policy, the insurance provider will offer you a fixed amount or the sum assured during a stressful time. However, remember that the illness you suffer must be covered under the policy. We will discuss this later in this article. 

Need for Critical Illness Policy 

Some of the major benefits of a critical illness plan 

Financial Coverage: The insurance providers offer you monetary assistance if you are hospitalised and are suffering from an illness, mentioned in the policy. This way, you do not have to worry about finances. You can use this amount to manage all your hospitalisation expenses with ease. 

Income Backup: You won’t be able to work if you suffer from a critical illness. Hence, your dependent family might suffer as there are no other ways of money inflow. In this situation, a critical illness insurance plan allows you to get a bulk amount from the insurance provider to cope with the expenses. 

Increase Your Health Insurance Coverage: Health insurance is essential for every human being. Even a child must have a health insurance plan. However, with a critical illness insurance add-on, you can extend the benefit of the health insurance plan and manage your non-medical expenses. 

Cost-Effective Premiums: Critical illness policy are quite affordable. Usually, the insurance providers charge a very low premium, so you can enjoy a huge benefit by paying a very minimal amount. 

List of Illness that Critical Illness Insurance Policy Covers 

Below are some common diseases covered under a critical illness plan -

• Paralysis
• Multiple Sclerosis
• Heart Attack (Myocardial Infarction)
• Cancer
• Kidney Failure
• Major Organ Transplantation ()
• Deafness
• Muscular Dystrophy
• Major Burns
• End-Stage Lung Disease
• Bacterial Meningitis
• Permanent Paralysis of the Limb
• Bone Marrow Transplant
• Severe Coma
• Open Heart Replacement
• Open Heart Coronary Artery Bypass Grafting
• Motor Neuron Disease, known as Amyotrophic Lateral Sclerosis (ALS)
• Aplastic Anaemia
• Loss of Speech
• Fulminant Viral Hepatitis 

A critical illness insurance add-on offers financial support if you are diagnosed with any illnesses covered under the policy. However, before buying a policy, it is important to go through the policy document about the illness covered under a critical illness insurance plan. Also, choose a policy that covers a wide range of illnesses so that you do not have to worry about finances in times of distress. In addition to this, always check for the sum assured offered by the insurance providers. 

Before buying critical illness insurance, talk to the insurance providers about the exclusions as well. Also, if you have a family history of any critical illnesses, you can buy the critical illness policy for those illnesses rather than purchasing the entire plan. This will also save you money.

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Created on Mar 23rd 2023 22:59. Viewed 132 times.

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