If you’ve watched any leading TV channel recently then you’ve definitely heard about heart insurance policy. This type insurance policy helps you if you have to undergo any medical procedure related to your heart. Why are we seeing and hearing so much about this policy? The answer is that heart related diseases are on a rise, especially in India.
Heart disease that were previously thought to affect only middle aged and old people are now affecting young people too. This can be credited to the sedentary lifestyles we lead, the unhealthy food we love to binge on, and most importantly the stressful environment we live in. This has made heart and cancer insurance a crucial health insurance plan for everyone.
You can never foresee when you may be affected by them, and when it comes to such major diseases, it always better to be safe than sorry. Heart disease insurance and cancer care insurance is also termed as critical care insurance, thought critical care also includes, kidney, liver and other major organs too. This type of insurance is something everyone must have in their insurance kit, no matter what age they are. If you’re still wondering what exactly this type of insurance will do for you, then here are five things you need to know about it.
A critical illness plan or heart insurance policy will cover only the specific illnesses that are mentioned in your policy agreement. You can purchase specific critical illness riders if you want to insure yourself against more than the specified illnesses. A critical illness is one that can be fatal.
You can even buy a critical illness plan to cover disability like loss of a limb or motor skills. You have to purchase the right riders in order for your policy to cover these though.
Even if you have regular health insurance, buying a heart insurance policy is a good idea because a lot of insurers do not cover major illnesses like cancer, heart disease or failure of a vital organ. A bypass surgery can easily cost a patient 5 to 10 lacs. This amount is enough to put you in debt for the rest of your life.
You can also use your insurance pay out to rid your family of all your debts or to seek out alternative treatments for your ailments. Not all insurers allow it though and reading carefully through your insurance agreements is essential for everyone who purchases any policy.
Even if you lead a very healthy lifestyle and are sure you can never contract any critical ailment it is advisable to purchase a critical illness plan since a major illness can easily destroy your family’s finances and an insurance policy that may help them through a difficult time is never too much of a burden.