- About Coverfox
|What is Covered?||Entry Age||Sum Insured|
|Care Super Mediclaim Critical Illness Plan|
|Aditya Birla Activ Secure - Critical Illness Plan|
|National Critical Illness Plan|
|SBI Critical Illness Plan|
|Bajaj Women Specific Critical Illness Plan|
|Care Assure Critical Illness Plan|
|Cholamandalam-ms Critical Healthline Plan|
|Bharti AXA Smart Health Critical illness Plan|
|TATA AIG Critical Illness Plan|
|HDFC ERGO Critical Illness Platinum Plan|
|Bajaj Allianz's Critical Illness Insurance Plan|
A critical illness insurance is therefore, offers the following features:
Here is the list of the diseases covered under critical illness health insurance. However, the inclusion may vary depending on the insurance provider.
Times are tough and any medical emergency can cause detrimental effects on your finances. Hence, it is recommended to be prepared. To your assistance, Coverfox is continuously working towards bringing the best insurance policies that are crucial for you and your family. With Coverfox, you can get free quotes from insurers, compare the best health insurance policies online, buy and maintain your policies in a fast and hassle-free manner.
Coverfox’s customer care support is active 24x7 to assist you and help you make the best policy decisions which benefit you and your family in the long-run. Whenever you need us, you will find us here. Because we care.
However, not all types of illness get a place in a critical illness insurance policy. Mentioned below are the aspects not covered under the policy:
Critical illness cover has been a necessity for the longest time. But, with the worldwide havoc caused by COVID 19, a critical insurance cover has become non-negotiable. Coverage against life-threatening diseases is provided by a critical illness insurance policy.
Multiple hospitalizations over an extended period of time may be required to treat such serious illnesses. In addition to the hospitalization expenditures, there are additional expenses such as doctor's fees, medical bills, and more. You can cover these large costs with the lump sum payment provided by your critical illness cover.
Not opting for a critical illness cover can lead to a big hole in your pocket where you spend a major chunk of your hard-earned and saved money into the treatment expenses. And the next thing you see is your savings vanishing in no time.
|Factors||Critical Illness Insurance||Health Insurance|
|What it means||Covers life-threatening ailments like heart attack, stroke, paralysis, tumour etc.||Covers for hospitalization expenses related to seasonal illnesses, accidents & pre-existing diseases.|
|Benefit||Hospitalization is not needed to get policy benefits. Simple submission of medical papers that proves that the patient has been diagnosed with a listed critical illness is sufficient to get the one-time payment.||You can submit hospital bills and get reimbursement. You can get cashless treatment at network hospitals as well.|
|Cover||Covers nearly 36 main critical illnesses.||Covers major pre & post hospitalization expenses along with the hospital treatment.|
|Waiting Period||Waiting period depending on the criticality of the illness.||Minimum waiting period of 30 days.|
Riders may be attached to your insurance plans such as term plan, endowment plan, money back plan. The top critical illness rider plans are helpful in customizing your life insurance policy. This rider covers 4 critical illness conditions: cancer, first heart attack, stroke, and open chest CABG. If you are diagnosed with any of these 4 critical illnesses, future premiums payable under the plan and riders (if any) are waived off while your life cover as well as other rider covers continue.
Life can throw bouncers at you when you’re least expecting them. You should buy a critical illness plan for yourself and your family members to battle financial challenges if diagnosed with a critical illness. With a critical illness plan you can receive a lump sum amount that:
During the policy period, you are allowed to make only one claim on any of the listed critical illnesses mentioned in your policy document.
Premiums for critical care insurance are determined on the sum insured stated in the policy document, the complete policy tenure, gender and health status of the insured person. The premiums vary from one individual to another depending on all these factors mentioned above.
A critical illness cover offers you a lump sum amount in case of diagnosis of the critical illness that is mentioned in the policy document. However, a health insurance reimburses the medical expenses borne by you. Hence, it is better that you buy a separate critical illness cover.
Yes, you can purchase a critical illness insurance policy online. You can go on the particular insurer’s website to get the needful done.
Critical Illness Insurance Plan is intended to shield you with a strong financial backup in case you’re diagnosed with any of the major illnesses. The money you claim on your policy can be used to pay off mortgage, children’s education, home improvement, medical treatment, etc. – just the way you want. Opting for a critical Illness cover will be an ideal choice for you, if -