There are many serious diseases, the treatment of which costs a lot of money. If you have taken a health insurance policy, then the treatment of common diseases will be covered by it. But, it will not be useful in case of serious diseases like cancer and heart attack. In such a situation, you will need illness coverage (critical illness insurance).

What is critical illness insurance?

A lot of money is spent on the treatment of cancer or heart-related diseases. Critical illness insurance covers these diseases. These include treatments like heart attack, cancer, kidney failure, paralysis, tumor, coma, and organ transplant. The treatment of all these diseases is very expensive. Also, it lasts for a long time. In such a situation, critical illness insurance coverage provides a lot of relief.

What are the benefits of critical illness coverage?

In this, you get coverage of those serious diseases, in the treatment of which people's entire savings are exhausted. In critical illness coverage, there is no need for any medical check-up till the age of 45 years. In case of a critical illness, the company can also make a lump sum payment to the policyholder. It also provides tax exemption under section 80D.

Which diseases are covered in it?
Critical illness insurance covers diseases like heart attack, stroke, cancer, paralysis, organ transplant, and brain tumor. Before taking a critical illness insurance policy, the medical history of the family should also be checked. This helps you know which diseases you should give more importance to.

Problems with critical illness cover

The premiums of critical insurance coverage are quite high. Especially, if the patient is already suffering from a serious illness.

It usually provides coverage only for serious diseases or injuries, such as cancer, heart disease, or stroke.
Critical insurance coverage often has a long waiting period, during which you cannot claim for treatment.
Its terms and conditions can be complex, which can make it difficult to understand what coverage you will get.
Premiums for critical insurance coverage can increase over time, causing you to end up spending more money.

Disclaimer: This content has been sourced and edited from Dainik Jagran. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.