Today life insurance policies are available in many variants, each catering to a different category or providing a different type of coverage. Considering the high rate of heart ailments in our country, life insurance for heart patients has become a necessity, even if it comes at a higher cost. A term plan for heart patients is the most suitable life insurance product for people with heart conditions. Note that a policy in such a case is issued by the insurance company only after evaluating the risks.
Importance of Term Insurance for Heart Patients in India:
If you have a heart condition, having term insurance can ease the financial burden and ensure the financial stability of your family in case of an eventuality. Hence if a term plan is purchased at a young age, life insurance coverage is easier to get and is available when you need it. All insurance companies cover heart attacks, cancer, stroke etc. under critical illness and therefore the best term insurance plan would be the one with critical illness cover purchased early in life.
If an individual has a pre-existing disease or a heart condition, he can still get insurance coverage but at higher premiums, and the application process becomes more difficult. The premiums of life insurance policies depend upon many factors such as health conditions, entry age, policy term etc.
The life insurance company decides the premium based on the extent of your heart condition and the risks associated with it. Factors considered by an insurance company before issuing a policy are:
Always disclose all the information related to your health condition correctly to the insurer so that he is aware of your medical issues and helps you during claim settlement. Some points to remember are:
To increase your chances of getting life insurance at reasonable rates, here are certain things you can do:
Conclusion
Along with term insurance, also look for the best health insurance for cardiac patients to help manage your medical expenses. And if you have a family history of heart conditions, the best thing to do is invest in a term plan with a critical illness rider at a young age. To find the best term insurance plan and best health insurance policy for heart patients in India, shop around and compare plans to find the most suitable plan.
Yes, critical illness benefits are a must-have with term insurance, especially for people with heart conditions or a family history of a heart ailment.
Some of the best heart and cancer insurance plans in India are:
Some of the best term plans for critical illness in India are:
No, term life insurance only covers natural death or death caused by any sickness or health issues. With certain riders, a term plan also covers death due to a critical illness or accident.
Yes, you can get life insurance with a heart condition, but with a high premium and the application process will be rigorous as the insurance company will first evaluate the associated risk.
Following are some of the best term insurance with medical cover:
Accidental coverage and critical illness are additional coverage that can be added to a term insurance plan at an additional cost.
Accidental coverage provides protection against disability or death caused due to an accident.
Critical illness covers listed critical illnesses and provides a lump sum amount if the insured is diagnosed with any of the listed critical illnesses.
Following are some of the best critical illness policies in India:
