Best Critical Illness Plans To Buy In 2021
Updated On Sep 29, 2021
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Health insurance plans have gained immense popularity over the past few years as the spread of the global pandemic has made people aware of the importance of having some financial backup for medical expenses in case of an unforeseen event. Health insurance plans are like contracts between two parties which are the policyholders and the insurers. Abiding to this contract the insurers offer affordable covers to the policyholders, under which the high cost of medical treatments are covered and compensated for by the insurer. There are various types of health insurance plans that are meant to meet the different requirements of the policyholders like maternity benefit plans for pregnancy related expenses, critical illness covers for cost of treatments of chronic diseases, senior citizen plans specially for the expenses related to the treatment of senior citizens, and much more.
The health insurers offer the choice and flexibility to the policyholders to analyze their demands and then accordingly customize their plans depending on their underlying conditions and financial budget. Critical illness plans are widely bought by the policyholders as due to the rapid rise in inflation, the cost of treatments have increased, thus burning hole in the pockets of the patients. Critical illness plans are offered by almost all the health insurance providers in the insurance market and it is one of the best options to have some financial aid for the treatment of life-threatening diseases.
Prominent Features of Critical Illness Health Insurance Plans
A critical illness health insurance policy provides protection and compensation from the high cost of treatment to the policyholders and also helps you bear the medical expenses without burning a hole in your pocket. Let us look at some of the prominent features of a critical illness plan that can be availed by the policyholders at the time of claim settlement process:
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- Apart from the regular costs of hospitalization, the lump sum payment of this cover also looks after your household expenses that are affected due to your treatment, being the sole breadwinner of the family.
- With the mere verification of the diagnostic reports, claim amount can be received by the policyholders.
- These plans have a short waiting period of 3 months which enhances the availability of the cover.
Best Critical Illness Plans To Buy In 2021
Following are some of the widely bought critical illness health insurance plans in the insurance market, with slightly distinguishing features:
1. HDFC Ergo Optima Vital
This critical illness plan is by the HDFC Ergo health insurance company and it provides financial backup for up to 37 critical diseases. Up to Rs. 50 Lakhs of claim amount is offered under this plan to the policyholders along with the e-opinion benefits on diagnosis of the disease. Other value added services along with the health risk assessment is also added under this plan for the policyholders.
2. Care Assure Critical Illness Plan
Offered by the Care Health Insurance firm, this health insurance plan covers around 20 critical illnesses with a claim amount of up to Rs. 1 Crore. It comes with no survival period and has an inbuilt personal accident coverage as a perk for the policyholders. Free and complementary healthcare checkups are offered to the policyholders by the insurance company.
3. Star Criticare Plus Insurance Cover
This critical illness health insurance plan covers 9 major critical diseases listed in the policy documents and it comes with no survival period. This plan by Star Health Insurance provides coverage for non-allopathic treatments too which can include AYUSH treatments.
Conclusion
Apart from the above-mentioned critical illness plans there are several other health insurance providers that offer comprehensive and affordable critical illness plans to the policyholder. Therefore, it is advised that the individuals must conduct their own share of research and narrow down their options accordingly.
Also Read: Benefits of Critical Illness Insurance Plans
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.
