How Critical Insurance is Different?

Life is unpredictable and one can be diagnosed with a critical illness at any age given the changing lifestyle and habits. A critical illness not only impacts you physically and mentally but also financially at a great level.

Many people assume to have a complete medical coverage under their standard health insurance plan. However, most of the critical illnesses are not covered under the standard plan and thus you require a Critical Illness Insurance. Critical illness insurance is a financial coverage that helps you focus on your physical and mental recovery while you deal with the most crucial health times. It acts as your bank to take care of all expenses while you can’t.  

In case of a critical illness, you receive a lump sum cash payment as your insurance coverage that you can use to take care of any expenses without any restrictions on the usage. 

More than 35 different illnesses are covered under a critical illness insurance plan, which comprises a complete coverage for 25 adult critical illnesses and 5 childhood critical illnesses. There are about 8 critical illnesses that have partial coverage under the critical illness insurance plan. 

25 adult critical illnesses that have complete or full coverage under critical illness insurance are:

  • Alzheimer's Disease
  • Aortic Surgery
  • Aplastic Anaemia
  • Bacterial Meningitis
  • Benign Brain Tumour
  • Blindness
  • Cancer (Life-Threatening)
  • Coma
  • Coronary Artery Bypass Surgery
  • Deafness
  • Heart Attack
  • Heart Valve Replacement
  • Kidney Failure
  • Loss of Independent Existence
  • Loss of Limbs
  • Loss of Speech
  • Major Organ Failure on Waiting List
  • Major Organ Transplant
  • Motor Neuron Disease
  • Multiple Sclerosis
  • Occupational HIV
  • Paralysis
  • Parkinson's Disease
  • Severe Burns
  • Stroke

5 childhood critical illnesses that also have a full coverage pay-out under critical illness insurance are:

  • Cerebral palsy
  • Congenital heart disease
  • Cystic fibrosis
  • Muscular dystrophy
  • Type 1 diabetes mellitu

Few other critical illnesses that are partially covered under the critical illness insurance coverage are:

  • Cancer – chronic lymphocytic leukemia (CLL) Rai stage 0
  • Cancer – ductal carcinoma in situ of the breast
  • Cancer – gastrointestinal stromal tumors classified as AJCC Stage 1
  • Cancer – grade 1 neuroendocrine tumors (carcinoid)
  • Cancer – papillary or follicular thyroid cancer stage T1
  • Cancer – stage 1A malignant melanoma
  • Cancer – stage A (T1a or T1b) prostate cancer
  • Coronary angioplasty

You may not see buying a critical illness insurance as one of your crucial requirements. However, with the current change in lifestyle and habits, human bodies have become more prone to attract critical illnesses. And this would require you to take time off from work and stay home for a long time than any usual sickness.  

Critical Illness insurance ensures you have some income flowing while you can’t go to work. Also, many provide the benefit of covering your spouse and dependent child under the same plan. 

At Hiren Modi we help you get what you need. Call Us Now to discuss more!