How Does Critical Illness Cover Protect You And Your Family? Having a health insurance policy is a must because it protects you and your family from sudden financial emergency arising from health problems. But health insurance is not enough to cover you from critical and life threatening illnesses. It can be taken as a rider along with the health policy or as a separate coverage to get the maximum benefit.
How Does Critical Illness Insurance Protect You?
Critical illness cover is vital because you can never be sure when a major illness can strike. Today’s hectic lifestyle leaves you open to so many health problems. You can easily succumb to diabetes stroke or kidney problem. Vital organs of the body can malfunction and lead to severe health complications. In such situations, you will be hospitalized because of a critical illness. While you are taking treatment, your family has to manage its other needs. Critical insurance policy will help pay a lump sum as opted for, which can help not just to pay the medical expenses but also run the family. Hence it helps to maintain your family, while you are getting treated, thus bringing down the financial stress of the situation. Same like Health insurance, you do not need to take a medical check, if you are below 45. Also, you can get a tax deduction under section 80 (D). When you make a renewal every year, before the expiry date, you are entitled to no claim bonus if you have not claimed during the current year, which reduces the premium cost. Getting critical cover is not expensive at all. You will find the premium to be very affordable. It gives
enormous relief in troubled times by providing financial support to your family when you are hospitalized. How to get critical illness cover? It is very easy to get critical illness insurance. Just visit the insurance company’s website and fill an online application form with personal details. If you want to know premium cost use the calculator in the site to get a quote. Submit the online form and in a week’s time the company will respond with a policy number. Policy documents will be set by post or email. Filing a claim In the event of a claim, the illness that you are suffering must fall under the list of critical illnesses that are covered by the insurer. If so, fill a claim form and submit with relevant supporting documents to the company. Insurance claim processing is done quickly to save time in getting money for much needed expenses. There is a 24 hours claim call number that can be used to find out details about the claim process and medical documents that have to be submitted.