Best Critical Illness Insurance Plans In India
Updated On Sep 28, 2021
Table of Contents
- About Critical Illness Health Insurance Plans
- Best Critical Illness Insurance Policies In India
Investing in a health insurance policy is of utmost importance as it provides financial backup to the individuals at time of a medical emergency. Along with the financial support, it also ensures quality treatment of the individuals at the network hospitals of the health insurance providers. Some of the common facilities that are offered to the policyholders include hospitalization expenses, tax benefits, no claim bonuses, rewards, complementary checkups, and a lot more. The health insurance providers have rolled out plans of different types like maternity insurance plans, critical illness plans, senior citizen plans, family floater plans, etc.
Critical illness health insurance plans provide monetary compensation to the policyholders for medical dues that are incurred due to the hospitalization and treatment of life-threatening chronic diseases. The critical illness plans can be bought as riders or standalone plans based on the choice of the policyholder. The health insurance providers offer the flexibility of choice to the individuals, so that they can select a desired plan for themselves and their loved ones. Critical illness health insurance plans cover a wide range of chronic diseases in their plans like diabetes, cancer, strokes, hypertension, lung diseases, and much more.
About Critical Illness Health Insurance Plans
Critical illness health insurance plans are a feasible type of health insurance plans that provide financial protection to the policyholders at an affordable price. It covers for the expenses of the policyholders as the cost of treatment of chronic diseases have increased dramatically over the past few years. Following are some of the key features and perks of critical illness health insurance plans:
Must Read: Why Should I Buy A Critical Illness Cover?
- This plan provides the policyholders with lump sum payment of the claim amount which can also compensate for the loss of income of the policyholder due to the treatment of chronic disorders.
- Along with the tax reduction benefits, easy claim processings and short waiting periods are also offered to the policyholders by the insurers.
- Policyholders can include add-on covers depending on their financial budget, and can relieve the stress that may be caused due to the medical expenses.
Best Critical Illness Insurance Policies In India
Let us look at some of the widely purchased critical illness insurance plans from different insurance companies:
1. Reliance Critical Illness Insurance Plan
This critical illness insurance policy by Reliance health insurance covers around 10 critical disorders and offers a lump sum of a high amount of sum assured to the policyholders at the time of claim settlement process. Some of the prominent benefits also include tax benefits, exclusive add-ons, discounts, etc.
2. Bajaj Allianz Critical Illness Health Insurance Plan
This plan covers up to 10 life-threatening chronic diseases that include disorders like heart attack, cancer, hypertension, stroke, tumour, etc. This cover enables you to file claims for the medical expenses incurred during hospitalization either within the boundaries of India or abroad. Other expenses like that of medication and room rents are also compensated for under this plan.
3. Aditya Birla Cancer Secure Critical Illness Plan
This plan has been curated and designed to help the policyholders in coping with the expenses of cancer treatment as it is one of the most threatening and expensive critical disorder diagnoses. This plan covers major, early, and advanced stages of cancer where the percentage of the sum insured to be paid differs according to the treatment costs.
4. Cholamandalam MS Critical Healthline Cover
This plan for critical diseases is known to include around 10 to 12 disorders that are mentioned in the policy documents for the standard and advanced variants of the policy cover. This plan also looks after the ambulance charges of the policyholders in case of an emergency along with the other expenses like the room rents, medication, etc.
Apart from the above-mentioned critical illness health insurance covers, there are several other health insurance plans that offer extensive and affordable coverage to the individuals for the cost of treatments incurred during the hospitalization due to critical illnesses.
Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.