Save Money for Your Critical Illness - Get a Critical Insurance Cover Today!

Posted by Hannah Punitha on Mon, Jan 18, 2010  
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As per Dr Bimal Chajjar, former Cardiac Consultant at New Delhi's AIIMS - "India is the hub of largest epidemic of heart disease in the world". On similar lines are the diseases like diabetes and cancer which hit almost every 10th Indian. We all know the cause of these dreadful diseases - stress, work and sedentary lifestyle, still we don't do much about it. Most of us either spend our weekends either sleeping or watching movies increasing the chances of these disease. Still, those who do exercise, there are good chances of these diseases creeping in.

Diseases, big or small do require money to be treated and for critical diseases like these a whole lot of money is required. So, to ensure monetary support for such illness, one should get insured. Life Insurance Companies do offer covers/policies. These are often known as Critical Illness Insurance covered under Health Insurance. Critical illness policies provide protection from life threatening illness like cancer, paralysis, major organ transplant, heart attack, kidney failure.

These insurance plans provide guaranteed long term coverage for you and your family. Generally, these policies are less complicated providing hassle free claim process and have a mix of reimbursement and fixed benefits to meet the costs involved in critical illness.

The good thing about critical illness cover - once you take the policy, the premiums you pay are exempt from Tax; there is in - house claim settlement (which is very easy one as compared as to others) and the insurer receives the amount as lump sum so that he can plan the treatment accordingly. All these features give Critical Illness Insurance Policy an edge above the normal Health Policies.

Often, we do not think of such things happening in our home. We hear such stories from a long distant friend or neighbour, but what, God forbidden, something like this happens in our home. Generally, we do not have such huge amount of money, even if it's there; it is in the form of gold or tangible assets which takes time to be converted into money. Seeing this, we must ensure that we have at least one policy to cover us in case of such a bad news…


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