Critical Insurance: Things You Must Know About

Critical insurance plan is one of the few types of health insurance plan available in India. The insurance provides coverage for medical treatment of critical ailments such as cancer, kidney failure, paralysis, a stroke and the like. This becomes absolutely essential for senior citizens above 70 years of age.

Why is it necessary?

A critical ailment can strike at any time, especially in case of elderlies. And as costs of medical treatments continue to increase, it becomes more important to devise ways to cope up with expenses of a critical illness diagnosis. Thus, a critical illness plan, which covers highly expensive medical problems such as the ones mentioned above, becomes absolutely essential.

How to choose the best insurance plan?

1. Maximum coverage available: 

First and foremost, check the coverage available. The medical inflation rate is likely to increase in the next couple of years and thus, your critical illness insurance cover should be in accordance. To be on the safe side, opt for the maximum coverage available.

2. Features and benefits: 

Secondly, check the availability of additional features such as coverage for donor treatment in case of transplant surgery etc. and choose the right option for yourself accordingly.   

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3. Premium: 

Critical illness medical policies are undoubtedly expensive but the subscription cost should be practically reasonable and as per the IRDA rules.

4. List of network hospitals: 

As said above, critical ailment can strike any time and at any place. And since the medical problems covered by the said insurance policy requires immediate medical attention, the policy you choose should have a wide network of hospitals wherein cashless facility can be availed.  

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