How Is Critical Illness Insurance Different from a Health Insurance Plan?
Ensure Peace of Mind with Critical Illness Insurance
Critical illness insurance offers coverage for serious and long-term illnesses such as heart attack, cancer, renal failure, and more.
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What is Critical Illness Insurance?
Critical illness insurance covers your serious & long-term illnesses that are costly like heart attack, cancer, renal failure, etc. Under this policy, a lump sum coverage amount is provided that covers an exorbitant medical expense for critical illnesses.
Why Choose Critical or Serious Illness Insurance?
Some critical diseases eat all the savings and fall out of the basic health insurance plan causing severe financial crises; critical insurance plan comes here for the rescue.
Cover against life-threatening diseases
Accidental death benefit
Tax benefits
100% benefit payout
Why Choose Us for Your Critical Illness Insurance Needs?
- Fincart has profound operations and compliance support, who creates various investment plans and insurance options with advanced technology routes.
- Offer multiple revenue products along with financial security through various kinds of insurance plans.
- Providing solutions to deal with the rising medical costs.
- Self-employed individuals should opt for this as they are the real bread-earner of the family.
Critical Illness Insurance vs. Health Insurance: Key Differences
- Coverage Scope: Critical illness insurance focuses on covering life-threatening diseases like cancer or heart disease, while health insurance offers broader coverage that includes hospitalization, medical tests, and pre & post- hospitalization expenses.
- Disease Coverage: Critical illness insurance typically covers up to 36 specific critical diseases, providing a lump sum payout upon diagnosis. Health insurance covers a wider range of general medical expenses.
- Financial Benefits: Critical illness insurance gives a lump sum payout for immediate financial relief, while health insurance reimburses medical bills based on hospitalization and treatment costs.
Who Should Consider Buying Critical Illness Insurance?
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Families with a history of critical illness:
If a critical illness runs in the family, a person is more likely to inherit it. People who have a history of critical illnesses in their families should get the cover to take precautions in advance. -
People over 40:
People over the age of 40 are more likely to develop critical illnesses. Additionally, people are likely to be in a better financial position and can easily afford insurance premiums.
faq's
You can get up to Rs. 60,000 as a tax rebate for purchasing a critical illness insurance.
Individuals under 45 years of age do not need to undergo a medical checkup before purchasing a policy.
During the policy’s lifetime, you can only make one claim.
It is the Insured’s responsibility to submit the following documents within 45 days of being notified of a claim.
- Claim Form duly completed
- Summary of the original discharge
- Documentation related to the consultation/treatment
- The relevant medical reports along with supporting invoices and doctors’ requisitions
- A detailed breakdown of the original and final hospitalization bills. 6. Prescriptions and pharmacy bills
The Company may require other documents. As soon as the claim documents are received, the claim will be processed in accordance with the policy’s terms and conditions.