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Why Is Critical Illness Health Insurance Cover Important?

Published On Nov 08, 2021 10:00 AM By InsuranceDekho

A health insurance plan is bought by the individuals to get the much needed financial support in case of a medical emergency and compensate for the incurred medical expenses. With the help of a health insurance policy, policyholders can clear their high amount of medical dues and ensure quality treatment at the time of receiving the treatment. Due to the rise in inflation in the health sector during the spread of the pandemic, the costs of medical treatments have increased thus burning a hole in the pockets of the people.

To make sure that all the requirements of the policyholders are met without any compromise, the health insurance providers have rolled out various types of health insurance plans like maternity benefit plan, critical illness plan, family floater plan, and much more. Critical illness health insurance plan compensates for the expenses that may incur due to the treatment of critical diseases like sclerosis, stroke, heart diseases, diabetes, cancer, etc. Such 32 critical ailments are covered under the health insurance plan for the policyholders which are specified by the health insurance provider.

Why Is Critical Illness Health Insurance Cover Important?

About Critical Illness Health Insurance Cover

This is an indemnity based plan that offers financial aid for the treatment of life-threatening diseases. Under this plan, the policyholders are offered a lump sum amount of the claim assured to the policyholders. This plan provides a high amount of sum assured that can assure the policyholders quality treatment in case of an emergency and also compensate for the policyholders income loss incurred due to the treatment. Along with the hospitalization costs, it also looks after the other expenses like room rents, medication costs, organ donor costs, and much more. Following are some of the essential and common features of a critical illness health insurance plan:

Must Read: Best Critical Illness Policy In India In 2021

  • Wide range of critical ailments are included under this plan like diabetes, stroke, lung diseases, etc.
  • Lump sum payments of the sum assured are made for quality treatment.
  • Plans can be claimed on the mere basis of a diagnosis report and hospitalization proof is not required.
  • With a short waiting period of 3 months, this plan can be availed early.
  • Lump sum payment can be used to compensate for the income loss of the policyholders that has incurred due to the treatment.

Benefits of A Critical Illness Health Insurance Cover

Following are some of the major benefits of having a critical illness health insurance plan:

  • These plans can be customized by the policyholders based on their choices.
  • Due to the hike in inflation in the health sector, the regular costs of treatments at the private hospital have also increased, thus leading to the exhaustion of the financial savings of the policyholders. Critical illness plans ensure the financial security of the policyholders.
  • According to the finances of the policyholder, certain additional plans like the top-up covers, super top-up plans, etc. can be bought by the policyholders.

Why Is Critical Illness Health Insurance Cover Important?

Critical illness health insurance plans are very important for people suffering from critical illnesses or for people who have a major risk of contracting a critical ailment due to medical history or stressed lifestyle. Let us look at some of the key points that signify the importance of having a critical illness health insurance plan:

  • This plan offers a large coverage and compensates for all the medical expenses related to the treatment of a critical disease. The general cost of treatment of a critical disease can drain the savings of the policyholders, and therefore critical illness plans act as their saviours.
  • The lump sum benefit of this plan helps the people get over the medical expenses along with the income loss that has incurred due to the treatment of the critical disease.
  • In case of a critical illness, immediate and quality medical attention is required to ensure the safety of the patient. This plan ensures both at the network hospitals of the insurers.


You can invest in a suitable critical illness plan if you or your loved ones are at a risk of contracting a critical disease. You can make sure that the plan is up to your requirements by going through its terms and conditions.

Also Read: Critical Illness Policy V/s Cancer Policy - Which One Should You Go For?

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