Critical Illness Cover: To Cope Up With Serious Medical Problems
Critical Illness Cover promises an insured a lumpsum payment in an event of any covered critical illness. Health or medical insurance pays only for bills of medical treatment for covered peril while critical illness cover is no way related to paying off bills. It offers an insured the sum insured amount that could be used to seek quality medical treatment from the hands of experts. Easy Health is one of these products that offer critical illness cover, as an additional benefit.
There is no doubt that a person can encounter any serious medical problem at any stage of life. Thus, it is must to protect future so that in an event of any critical illness, one can get financial assistance to cope up with the quality medical treatment expenses. It is an additional cover that promises an insured a lumpsum payment, if he/she comes across any of the covered critical illness.
These plans are becoming popular, as it covers diseases that are affection a large section of society. a person suffering from these serious ailments gets a double blow, as he/she is not only physically affected, but is also at financial loss. Thus, critical illness cover is an ideal solution to these financial problems.
There are several providers that offer this coverage. Every plan differs from one another with regard to coverage limits and the number of diseases covered. Thus, a person should go through the policy’s terms and conditions before buying the same. An important point to remember is that it is not same as health insurance plan. Health or medical insurance pays only for bills of medical treatment for covered peril while critical illness cover is no way related to paying off bills. It offers an insured the sum insured amount that could be used to seek quality medical treatment from the hands of experts.
There are many such products available in Indian health insurance market. One has to make a thorough search to reach to the right plan. There are many products that offer it as an additional and optional coverage with pure health insurance products such that an insured gets additional amount, over and above the treatment amount that could be helpful in times of medical emergency. Such products charge more premium amount for this additional coverage.
Easy Health is one of these products that offer critical illness cover, as an additional benefit with two of its variants—Exclusive and Premium. An insured can opt for 50% or 100% sum insured amount, which is paid as a Lumpsum amount in case he/she is found suffering from any of the enlisted critical illness during the policy period.
Easy Health offers cover to eight major Critical Illnesses, which include Cancer, First Heart Attack, Paralysis, Stroke, Multiple Sclerosis, Major Organ Transplantation, Renal Failure and Coronary Artery Surgery. The definition for coverage of each and every disease is clearly stated in the policy wording in simple English language.
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