that are not covered by conventional
These
plans are designed to pay for medical
www.cooltechnology.net costs that are not covered by
conventional insurance plans. The sum assured can be used to take care of
non-medical costs that are linked to the illness, including child care,
transportation, etc. This health insurance plan gives a lump-sum amount to
cover the costs. The overall premium amount depends on different factors that
include age, gender, health status, family medical history, etc.
Additionally,
there is a certain exception to critical illness insurance coverage. For
instance, not all types of cancers are covered, and chronic illnesses are also
often exempted. If the disease comes back, you will not be able to get another
payout for the policy. Therefore, when buying a critical insurance plan, make
sure to thoroughly read the terms
www.e-magazine.xyz and conditions before signing the
documents.
How
Does Critical Illness Plan Work?
A critical illness insurance policy functions
differently than other health plans. It gives you a lump sum amount, which is
equal to the sum assured. This amount can be used to bear the treatment costs,
pay off the debts, or any recuperation expenses. Irrespective of the medical
expenses, the insurance company pays out the full sum insured. So basically,
these plans and defined and fixed benefits. Generally, an insurance provider
covers between 8 and 20 critical illnesses, sometimes even more. Majorly, this
health insurance plan covers the following illnesses –
·
Heart attack
·
Stroke
·
Cancer
·
Kidney failure
·
Heart valve replacement
·
Coronary artery bypass surgery
·
Aorta surgery
·
Paralysis
·
Some organ transplants
How
Much Does This Plan Cover?
Considering
that critical illness requires a substantial amount of money, the insured sums
in lakhs. If you are taking a critical illness plan, get coverage of more than
Rs. 15 lakhs. This way, you can easily cover the treatment as well as
rehabilitation without being dependent on anyone.
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