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“The best & most beautiful things in the world cannot be seen or even touched - they must be felt with the heart”.
We often see that the most optimistic people are those who find hope in the most challenging times. The diagnosis of a critical ailment, such as cancer, heart attack or stroke, proves that life can be unpredictable and unfair at times. Changing lifestyle has alarmingly increased the risks of such life-threatening diseases. Besides, the way medical inflation is ascending, the treatments for many critical illnesses, including cancer, would soon become unaffordable. So, opting for critical illness insurance is the best approach to prevent financial hardships due to such unforeseen events.
Let us understand how investing in a critical illness policy is the best way to protect your family and ensure a financially secure future.
Financial Planning with Critical Illness Insurance
In India, heart diseases are on the rise, affecting many young individuals. Further, as per a recent Indian Council of Medical Research (ICMR) report, cancer cases are estimated to grow from 1.39 million in 2020 to more than 1.57 million cases by 2025. Lack of awareness has contributed mainly to the delayed diagnosis of cancer, causing serious consequences.
Being diagnosed with a critical ailment can bring physical & emotional turmoil in life, which one may not be prepared to handle. Not only one needs advanced medical care, but such diseases can also bring unexpected financial hardships, given prolonged treatments. Hence, it is best to get a critical illness policy much early in life. It is a specific health cover that will financially secure you against various medical expenses, including in-patient hospitalization, day care treatments, ambulance costs, pre and post hospitalization medical expenses, organ donor, chemotherapy and radiotherapy.
It may not be right to ignore the importance of a separate health cover for critical illness, thinking that you already have medical insurance for your family. The reason is that your regular health policy may not be adequate to meet the high expenses for treating critical ailments. The medical treatment costs incurred, especially when accessing private hospitals, can be excessively high and begin to wipe out a family’s hard-earned savings in the long run.
>>Read: How Does A Health Insurance Protect You From High Cancer Treatment Costs?
Final Word
Besides factors like family medical history, an unhealthy lifestyle is among the leading causes of rising critical illness cases. If you alone are the earning member in your family, it is essential to realise how a critical illness cover can safeguard your finances during any unforeseen event like emergency hospitalization. Furthermore, people with a family history of any critical ailment like cancer must understand the need for a health policy that will take care of their family wellbeing despite the uncertainties.
Start planning for a secure future for your family by getting a health cover today. Looking for critical illness insurance in India? Choose critical mediclaim policy by Care Health Insurance that offers cashless medical treatment facility at 22100+ cashless healthcare providers, annual health check-up, no claim bonus, and more. Visit our website to get a customised policy online.
Disclaimer: Plan features, benefits, coverage, and underwriting of claims are subject to policy terms and conditions. Please refer to the brochure, sales prospectus, and policy documents carefully.
