- Share on:
What illnesses are covered under critical illness insurance?
Have you ever thought about how your life would look like if you were diagnosed with a critical illness? Nobody wants to imagine that kind of a situation. However, fact of the matter is that you have to be prepared for the unforeseen circumstances. As they say, forewarned is forearmed. It’s good to have a plan in place. Here comes the role of critical illness insurance. Many of you may be wondering that if you already have a medi-claim plan, why is there a need for a critical illness insurance policy. Well, critical illness insurance works a little different from a medi-claim plan. Let’s take a look.
Difference between medi-claim and critical insurance
In a critical insurance policy, the insurance company pays you a lump sum amount, equal to the sum insured, in case you have acquired life-threatening diseases that are covered by the policy. No matter what the hospital expenses are, the insurer pays the entire sum insured. During troubled times, this policy can take care of the high medical expenses while you can concentrate on regaining your health.
On the other hand, medi-claim reimburses the hospital expenses incurred. You can use this policy whenever you are hospitalized.
Why do you need critical illness cover?
When it comes to critical illnesses the cost associated with treatment is often quite high. Not only does critical illness require long-term treatment, but it may also adversely affect your earning potential. With expensive medical costs and reduced income, a basic health insurance policy will be inadequate to meet your financial needs. A critical illness plan provides a financial cushion against such a financial burden.
Where to buy critical illness insurance from?
It’s important that you buy a critical illness insurance policy, considering that a health insurance policy will not be able to fully cover your hospitalization expenses along with other related medical expenditure. If you are planning to buy a critical care illness insurance policy for yourself or your family members, you can opt for SBI General’s Critical Illness Insurance Policy. The policy covers 13 major critical illnesses. The minimum coverage available under this policy is for Rs 2 lakh and the maximum is for Rs 50 lakh. The policy offers a fixed amount regardless of actual medical expenses. The plan aims to help the policyholder bear the high cost of medical treatment associated with critical illness and not lose financial stability. You can opt for 1 year or 3 years tenure plans.
Critical diseases list – How many illnesses are covered?
SBI General’s Critical Illness Insurance Policy covers you against the following 13 critical illnesses:
- Cancer
- End-Stage Kidney Failure
- Primary Pulmonary Arterial Hypertension
- Multiple Sclerosis
- Major Organ Transplant
- Coronary artery bypass grafts (with surgery to divide the breastbone)
- Aorta Graft Surgery
- Heart Valve Surgery
- Stroke
- Myocardial Infarction (First Heart Attack)
- Coma
- Total Blindness
- Paralysis
For more details about critical illness insurance policy, visit https://www.sbigeneral.in/health-insurance/critical-illness-insurance.
*Disclaimer:
SBI General Insurance Company Limited I Corporate & Registered Office: 'Natraj', 301, Junction of Western Express Highway & Andheri - Kurla Road, Andheri (East), Mumbai - 400 069. | The information in the advertisement is indicative in nature. For more details on the risk factor, terms and conditions, please refer to the Sales Brochure and Policy Wordings carefully before concluding a sale. * ‘Tax benefits are subject to changes in tax laws’ I 'For SBI General Insurance Company Limited IRDAI Reg. No. 144 dated 15/12/2009 | CIN: U66000MH2009PLC190546 | SBI Logo displayed belongs to State Bank of India and used by SBI General Insurance Co. Ltd. under license.| UIN: SBIHLIP11004V011011 | ADDIG/20-21/AUG/655
