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Why is it crucial to have a critical illness plan?

Updated On Dec 04, 2020

When it comes to preparing for a medical emergency, a health insurance plan is the best way out. Many people go for individual and family floater plans to secure themselves and their family away in case of a health crisis. Considering an enhancement in illness due to the contaminated atmosphere, imbalanced lifestyle, etc., a mediclaim policy is a prudent decision. 

The only drawback lies with individual health plans is that it may not be adequate in dealing with the financial expenses at the time of critical illness treatment and medication. Critical illness plan is a kind of insurance scheme under which a certain amount is given to the policyholder if he or she get diagnosed with some pre-specified critical disease during the policy term. The insured person is free to utilize the amount in any manner. 

The significance of a critical illness insurance plan 

  • Financial assistance through a lump-sum amount 

A hefty amount is given to the policyholder on the determination of any sort of critical disease. This sum can enable him or her to meet his doctor's facility, make payment of hospital expenses, and so on, which may not be covered under the cashless health plan strategy issued by the insurer. This guarantees the constant availability of assets in the situation of facing a crisis without letting your savings go lessen up.

  • Management of different domestic responsibilities 

When the savings gets effected due to a medical emergency, it gives birth to a lot of domestic troubles too. Some critical diseases like cancer, tumour, etc., take a hefty expenditure to get treated. For these treatments, you also need to travel to a different location, which can’t be covered under individual health insurance.  Also, it can impact your EMIs, kids’ school fees, utility expenses and so on, which can ultimately disturb your life and home. With the lump-sum payout of the critical health plan, you can handle all your financial requirement occurred due to medical emergency easily without withdrawing a penny from your savings.  

  • Helps in maintaining your usual lifestyle

Individuals become accustomed to a specific way of life depending on their income. If due to any health issue, your lifestyle gets obstructed on account of a hit on their salary, which ultimately can bring emotional trouble in the family. If you buy a critical illness insurance plan, you can avoid these sort of challenges with the help of a lump-sum amount you will be eligible to receive in case of getting diagnosed with a critical ailment. 

  • Help you get a stress free recovery

Financial security or back-up provides a lot of comfort and peace of mind. This allows the family to be able to dedicate more amount of time without any fear or frustration. If the patient is the single bread earner in the family, then in the absence of medical insurance, the financial crisis forces the dependents to discover a new source of income or need to rely upon others for money related help. Thus, a critical health plan can help your family to spend the days of your recovery without any trouble and stress.  


Critical illness insurance can deliver a great return in terms of peace to you and your family if you are diagnosed with any critical disease. This plan provides financial security with a lump-sum amount for the treatment of critical illness, treatment for which with a normal individual health plan would never be enough. So, opt for a critical illness plan and secure yourself against critical disease today.  

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