Top 5 Critical Illness Plans In India
Updated On Oct 14, 2021
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Critical illness health insurance plans are a type of health insurance plans that offer financial compensation to the policyholders for the high cost of medical treatments. Due to the rise in inflation, the basic costs of medical treatments have hiked thus leading to the exhaustion of the financial savings of the policyholders. To help the policyholders in such conditions, the health insurance providers have rolled out critical illness plans that offer lump sum payment of the claim amount to support the medical expenses of the policyholders along with the income loss incurred due to the treatment.
Critical illness health insurance plans cover around 32 critical diseases like diabetes, strokes, lung diseases, etc. under the plan for the policyholders. The critical illness plans come with a waiting period during which the people cannot avail the benefits of their purchased health insurance plan. It also comes with a survival period, for which the patient must survive post-diagnosis, to claim the coverage of the critical illness plan. Policyholders must analyze their requirements like medical history, pre-existing diseases, financial budget, etc. before investing in a suitable health insurance plan for critical diseases.
Top 5 Critical Illness Plans In India
Following are some of the best critical illness health insurance plans that are available in the insurance market:
1. HDFC Ergo Optima Vital
This critical illness plan by HDFC Ergo health insurance offers monetary compensation for around 37 critical diseases with claim amount ranging up to Rs. 50 Lakhs with the e-opinion benefits on diagnosis of the disease. Additional perks like Value added services and health risk assessments are also available for the policyholders.
2. Care Assure Plan
Care health insurance offers the Care Assure plan for around 20 critical ailments. It offers pre and post hospitalization expenses, along with the organ donor cover, annual health checkups, OPD covers, and much more. This plan comes with a waiting period of around 90 days during which the policyholders cannot avail the benefits of the plan.
3. Star Criticare Plus Insurance Cover
It provides coverage for around 9 major chronic ailments and comes with no survival period for the policyholders. Survival period is the time frame for which the patient must survive post-diagnosis to claim the coverage of the health insurance plan. This critical illness health insurance plan by Star Health Insurance also covers non-allopathic treatments which can include AYUSH treatments. After the payment of the claim, coverage for hospitalization expenses is provided to the policyholders in lump sum payments. The claim amount can also be used for compensating the income loss of the household due to the treatment of the disease.
4. Manipal Cigna Lifestyle Protection Critical Care Plan
This critical illness plan comes in different variants and it offers coverage for around 15 to 30 critical ailments. With a waiting period of 90 days, this health insurance plan offers both lump sum payments and staggered payouts. This plan can be enhanced with some additional features by the policyholders according to their financial budget.
5. SBI General Insurance Critical Illness Plan
This critical illness plan by SBI health insurance comes invariants in terms of the policy tenure ranging from 1 to 3 years. The policyholders can choose the suitable policy term according to their requirements. With a maximum claim amount of around Rs. 50 Lakhs, this plan covers around 13 listed critical ailments. It does not require any pre-medical test for people below the age of 45 years.
Conclusion
Apart from the above-mentioned critical illness health insurance plans, there are several other suitable options that are available in the insurance market. Policyholders must conduct their own share of research and compare the health insurance plan to choose the best health insurance plan for themselves and their loved ones. It is also important to go through the policy terms carefully to make sure that your requirements have been met by the insurer at an affordable price.
Also Read Here: How To Find The Right Health Insurance Plan For Coronavirus?
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.
