Critical Illness Insurance Policy

Health Insurance for Critical Illnesses: Optimum Health & Financial Security

The pandemic has raised the alarm on the uncertainty of life. The unpredictable spread of diseases and infections has shaken healthcare services worldwide. What seems to be mild symptoms may lead to a severe medical condition if not diagnosed timely and appropriately. What’s worse is the skyrocketing healthcare cost that makes complex medical treatment unbearable for Indian families.

Care Health Insurance presents—critical illness insurance—our exclusive healthcare cover that promises comprehensive coverage for 32 chronic diseases, including cancer, stroke, paralysis, and others. Throughout your illness and recovery phase, we offer unwavering financial and healthcare support in the form of sufficient sum insured, valuable benefits, and quick claim settlement. Our primary aim is to help you fight back life’s most challenging conditions while we take care of everything, from funds for tests and diagnosis to treatment and therapies.

Read on to learn more about our insurance plans for serious medical conditions.

Why do You Need Critical Illness Policy?

You need a health cover for long-term illnesses today, more than ever, because of the rising frequency of serious conditions in India worsened by unaffordable healthcare costs. The ongoing pandemic is the living evidence of how medical treatment costs are shooting through the roof. Besides, here are some other reasons that necessitate the need for the best critical policy in India-

• To Afford Expensive Treatment- Sources reveal that health inflation increased from 3.8% in December 2019 to 8.4% in June 2021. This includes higher prices for medical tests, hospitalization expenses, doctor’s fees, medicines, and other medical expenses. A health plan of severe conditions helps you cope with healthcare inflation while protecting your savings and providing quality treatment.
• To Get Covered for Life-threatening Diseases- A regular health insurance covers you against standard medical procedures and ailments and not against critical and severe health conditions. Therefore, a chronic illness plan is necessary for financial security against acute medical conditions like cancer, stroke, paralysis, end-stage kidney or lung failure, etc. This way, you prepare for life’s worst phases with a complete health protection shield. Click to know more about health insurance plans
• To Keep Track of Your Health- Good health results from routine monitoring of our body’s functions, problems, and well-being. Without regular check-ups, there’s a higher risk of overlooking a medical condition that may become irreversible as time passes. With Supermediclaim- critical illness insurance, you can avail of annual health check-ups to identify the development of any major ailments and take preventive action without any delays.
• To Ensure Financial Stability during Serious Illness- You need plenty of funds to treat any form of a medical emergency, whether minor or severe. However, when it comes to critical conditions, you cannot bet on your savings and emergency funds combined. Treatment of life-threatening illnesses can drain your entire savings without appropriate insurance. While funding your treatment, critical illness plans to reserve your savings for household expenses until you resume working.

Who Should Buy a Critical Illness Plan?

Ideally, anyone who aims to lead a stress-free life without fears of chronic emergencies knocking doors and causing financial losses should purchase chronic illness medical cover. Also, people with a family history of acute diseases, like cancer, stroke, etc., should consider buying critical insurance to secure medical finances whenever the need arises. If you, too, face the dilemma of “Do I need critical illness cover?”, read the following scenarios that necessitate the purchase of insurance for critical diseases-

• Families with Chronic Medical History- You are at a higher risk of developing specific health conditions if any of your family members have suffered a similar illness. Chronic diseases like stroke and cancer are likely to pass from one generation to another through inherited predispositions like high blood pressure, diabetes, etc. Therefore, people with a family history of acute illnesses must consider expanding their insurance to include similar ailments.
• People in High-stress Occupations- Stress is the major contributing factor to most life-threatening diseases, including cancer, coronary heart disease, respiratory disorders, and more. People in some of the most stressful industries like public safety, hospitality, finance, and IT should not ignore everyday stress bursts, leading to irreversible health and financial downfall.
• Aging Individuals with Specific Health Conditions- As people age, there’s an increased risk of contracting with medical emergencies requiring prolonged hospitalization. Especially after your 40s, you must reconsider your health condition and opt for a chronic illness health cover to ensure your financial burden is minimum during any severe condition.
• Sole Breadwinners of the Family- When you bear the responsibility of your entire family, you cannot afford to compromise with your health. You know that your slightest health issue can put a stop on your family’s sole income source. That’s why a family’s sole breadwinner should keep a financial backup for all kinds of medical emergencies, from minor to grave.
• Working Women in Urban Areas- According to sources, one woman gets diagnosed with breast cancer every 4 minutes, while one woman dies of breast cancer every 13 minutes in India. Lack of physical activity, obesity, stressful working conditions, and late work shifts contribute to the rise in persistent illnesses among Indian women. Worse, the lack of sufficient medical funds further pushes women back from getting timely treatment. That’s when critical illness coverage helps.