Critical Illness Cover- the Need of Today’s Time GENERAL OBSERVATION Any health insurance policy is just deficient if it is not accompanied by at least a rider with critical illness cover. The simple reason is that at the time of medical emergency what financial and medical guarantee critical illness covers, no other health policy covers. It is therefore strongly recommended that one should buy exclusive critical illness insurance policy as early as possible. Future is always unforeseen. For knowing in depth concept behind purchasing critical illness insurance plan, we need to go through the following. CRITICAL ILLNESS COVER – THE EVER BEST OPTION Health insurance is a good insurance if it protects you against almost all types of disease. By calculating total risk of healthcare and medical expenses, the insurer should be able to make a road map of estimated financial security, a
periodical premium payment, return on investment etc., which may guarantee payment of healthcare benefits well in time as stipulated in the plan agreement. It is always preferable to buy a standalone plan for critical illness cover. Consult your chosen agent to discuss with him threadbare the ins and outs of the proposals before finalizing your plan to go in for a particular insurance company. The given hereunder are, inter-alia, the major worth considering factors of the critical illness cover one should discuss and bargain with the insurer: Modes of payment Claim process Renewal process benefits Personal Assistance in the hour of need Generally critical illness insurance plan is available at Rs 5.8 per day. Some insurers offer 5% discount on every renewal Critical illness cover has a provision to offer you a tax-free lump sum amount if you are diagnosed with a stipulated serious disease critical illness policy entitles you to avail of a lump sum amount on the very first diagnosis Tax concession under section 80D of income tax act.
A critical illness plan is monetarily attractive and huge insurance cover is available at a low price. For More Information also Visit: http://www.bhartiaxagi.co.in/critical-illness-insurance