Is Diabetes Covered In Health Insurance?
Published On Oct 10, 2022 10:00 AM By InsuranceDekho
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Among the most common illnesses in recent times is the long-term condition diabetes. It is not possible to predict if someone will get diabetes since it relies on a variety of factors, including age, obesity, biological composition, family experience, and at the cutting edge is lifestyle behaviours. However, adopting healthy behaviours and altering dietary choices can be a good preventative measure s to avoid or control this chronic illness.
It is crucial to choose diabetic health insurance policies so that your money and wellness are protected, because diabetes may potentially develop into a very serious condition. Additionally, it may be considered an investment because unforeseen event can take place at any moment and plunge you and your loved ones into a difficult economic situation.
What Are Your Options?
You have the mentioned two possibilities to receive coverage benefits under a health insurance plan in India if you suffer from diabetes or know a person who does:
Individual Health Insurance Policy
It's simple to get a personal health insurance policy that includes conditions like diabetes that have already been diagnosed. Many health insurance firms have developed health policies that focus on the already existing conditions like diabetes as a result of the increase in diabetes incidence and changes in the medical insurance industry. The sole requirement is that you must endure a waiting time of few years before you start receiving coverage.
Group Medical Insurance Policy
You also have the option of receiving coverage for diabetes via the group medical insurance policy offered by your company. It's possible that the company's health insurance plan already offers coverage. If not, it is preferable to get a health insurance policy that also includes diabetes. The group medical insurance policy ceases to exist once you leave the job, but diabetes won't go away.
Policies For Diabetes Specifically
Due to the growth of the health insurance industry, several providers have begun to provide health insurance that is specifically tailored to handle diabetes. You might think about this policy if you have been affected by this health condition.
Requirements For Insurance Policy For Diabetes
The provider you pick and the policy you select will determine whether you qualify for coverage for diabetic health insurance. Here are a few requirements for choosing health insurance which provides coverage for diabetic people.
Age: In most cases, you must be aged 18 to 65 years old. Kids aged below 18 years and new borns up to 3 months could be covered under the Family Floater Medical Insurance Plan.
Health Checkup: In order to determine your health status at present, certain providers may require you to undergo a health checkup.
Pre-Existing conditions: You must disclose whatever pre-existing conditions you are suffering from at the time of policy purchase.
Waiting Time: There are differences in the waiting time depending on insurance companies and medical insurance policies. If you have excessive blood glucose levels, you might have to wait for 2 to 4 years until your insurance policy starts to pay for diabetes-related illnesses. The waiting time may be shortened by up to three months provided that you are not ill.
If You Already Suffer From Diabetes: Some insurance may only cover this condition if it is Type 1 or Type 2 diabetes
Diabetes Medical Insurance Advantages
The advantages of medical insurance for diabetics in India are listed below.
Includes expenses for stay at hospital related to diabetic problems
Diagnosing fees, doctor visits, and other outpatient costs
Hospitalisation costs for medical conditions other than diabetes are covered.
Payment in the event that the identified insured individual passes away accidentally
The Income Tax Act's Section 80D tax advantages
We really hope that you found this material to be useful. Purchasing diabetes insurance is strongly encouraged if you already suffer from the disease in order to ensure that you and your loved ones are ready for any potential monetary difficulties. You might also suggest it to your diabetic family members or acquaintances.
Also Read: Top Reasons To Buy A Care Health Insurance Plan: Check Here