Critical Illness Insurance

What is Covered under Critical Illness Insurance Plans?

The Care Insurance Critical Illness Plan provides coverage for 32 life-threatening medical conditions. Here are the benefits included in the plan:

What is Excluded under Critical Illness Insurance Cover?

Sometimes policyholders end up disappointed with their insurance plan because of misinformation about the policy coverage limits. Hence, it is advisable for policy buyers to carefully go through the exclusions of our plan to avoid such a situation in the future.

Claims deriving from the following are excluded:

• Act of self-inflicted injury attempted suicide or suicide
• Any illness related directly to the consumption of alcohol/ tobacco/cigarettes, etc.
• HIV or any other sexually transmitted disease
• Cosmetic or plastic surgeries or related treatment
• Pregnancy, miscarriage, childbirth, maternity including C- section, abortion, or complications of any of these All the hazardous activities
• Damage caused by a nuclear, chemical, or biological attack or weapons
• Illness or injuries caused due to any breach of law by the insured with any criminal intent

Critical Illness List: Diseases Covered Under the Policy

Our plan offers comprehensive critical health insurance that helps policyholders to combat critical illnesses. Here is a critical illness list of 32 medical conditions that are covered under this policy:

How Important is Critical Illness Insurance for Family?

While we wish for a happy life free of difficulties, challenges do arise. One example of such a challenge in life is being diagnosed with a serious illness, leading to financial troubles. Any severe illness or disease can have emotional and financial distress to an individual.  Conventional health insurance coverage may be advantageous on any given day, but critical illness insurance plans tailored to cater to critical illness needs can be a better alternative to deal with the financial consequences. The best critical illness policy is advantageous in the following ways:

• Critical illness insurance for family coverage is a safety net that protects you in the most significant way possible. It covers 32 critical illnesses.
• Because this indemnity-based plan covers numerous medical expenses you incur throughout the year, a high sum insured provides you with total security.
• You have extensive financial protection for hospitalisation and advanced medical procedures, such as chemotherapy and radiotherapy, essential for treatment.

Things to Keep in Mind While Buying Critical Illness Insurance Policy

Critical illnesses can necessitate long-term treatment in most cases. A hurried lifestyle, in addition to inherited factors, might trigger the occurrence of such medical disorders. When buying critical illness insurance, take care of the following aspects:

Budget: If you have enough financial resources to deal with an unforeseen medical problem, you might choose the best critical illness insurance with less coverage. However, remember that healthcare expenses are rising at an unprecedented rate, so relying only on savings could cause irreversible financial loss.

Health Needs: Understand your health needs to get the best critical illness policy in India. For instance, if you are more prone to suffer from a particular disease because of your family health history or the nature of your occupation, then make sure your plan covers the specific condition adequately.

Inclusions: Each policy comes with its set of benefits. Hence, it is crucial to understand what a particular plan offers to align with your needs appropriately.

Limitations: It's just as vital to know what's not covered by your critical illness insurance plans as it is to know what is. Along with this, make sure to check the policy's waiting period to avoid any rejected claims in the future.

Claim Process: As a policyholder, it is in your best interest to know about the documentation you will need to provide and the procedures for filing a claim so you will be ready when the time comes.

Coverage Size: A standard health insurance policy will not be able to cover the costs of therapy. So, choose a critical illness health insurance plan with a fixed benefit that covers the treatment of such urgent conditions. You can get a critical illness insurance quote online easily on our website.

Claim Settlement Ratio: An insurance provider's claim settlement ratio indicates their ability and intent to settle the claims. Hence, consider the claim settlement ratio before buying the best critical illness cover.

How Does Critical Illness Insurance Work?

Diseases such as heart attack, stroke, or even cancer possess a very serious threat among people these days. If the mere thought of falling prey to these diseases scares you, then it is high time for you to buy critical care insurance post haste. Getting critical care illness insurance in place will save not only your finances but also your life if you get diagnosed in time. What would you do if your conventional health insurance plan didn’t give you coverage for your critical illness? You might have to shell out your savings to get yourself treated. However, the best critical illness plan will not disappoint you if you find yourself in such a situation where you need immediate assistance for your critical illness. Also, critical illness cover for family will safeguard your family members as well in times of emergencies.

Unlike health insurance, a critical illness insurance plan operates differently. A typical health insurance plan covers pre- and post-hospitalisation fees and the medical costs associated with hospitalisation. When it comes to expenses incurred up to the amount the insured choose, a health insurance policy will indemnify you. The financial support from the health plan may not be sufficient to cope with the healthcare expenses of a critical illness, which can often necessitate long-term medical care. The best critical illness policy in India is the one that will provide you with adequate financial support to combat a life-threatening disease so you can safeguard your savings and protect your family’s future. Critical illness insurance for senior citizens is also an adequate plan if you have elderly people at home. So, think no more if you look forward to getting the best critical illness plan.

Eligibility Criteria for Purchasing Critical Illness Plan

How to Buy Critical Illness Insurance Plans Online at Care?

To buy critical illness insurance online from us, you do not need to get into the cumbersome formalities. Our buying process is simple; you can follow the below steps to get your critical illness health insurance:

• Visit our website and select a health policy.
• Click on 'Get Quote' and provide relevant details
• Choose any of our secure digital payment modes to buy the policy.
• You will get the new health policy documents on your registered email-id

Documents Required for Critical Illness Insurance Claim

If you need to file a claim, contact us to make a claim registration. To file a claim, you'll usually need the following documents:

• A fully completed claim form
• A photocopy of your ID card
• A doctor's certificate verifying the diagnosis of critical illness
• Summary of the discharge

Claim team processes your claim as soon as the documents get verified.

Tax Benefits of Critical Illness Insurance Plans in India

The premium for critical illness health insurance is deductible under Section 80D of the Income Tax Act of 1961. Below are the tax benefits you can get on the premium you pay for the necessary illness policy according to the age:

• Those under age 60 can claim a tax deduction of up to Rs 25,000 per year for their spouse and children.
• A maximum of Rs 50,000 is authorized for those over 60 to maintain a health insurance policy or medical treatment.
• You can claim a deduction for the premium paid on behalf of your parents. If they are under the age of 60, the upper limit for the tax benefit is Rs 25,000. The threshold is 75,000 for parents over the age of 60. As a result, if you pay a premium for your entire family, you can save up to Rs 75,000 on your taxes.
• If you are over 60 and pay your parents' premium, you are eligible for a maximum deduction of Rs. 1 lakh under Section 80D.

How is Critical Illness Cover Different from Health Insurance?

Often, people get confused between a standard health insurance plan and a critical illness insurance policy. Not only that, but some of us believe that one of the two is sufficient in terms of health insurance.

Know how health insurance and critical illness insurance are vastly different from each other:

Health Insurance with Critical Illness Cover is a blessing in disguise for those who are vulnerable to falling prey to any critical illness due to family history or lifestyle

How Do I File a Critical Illness Insurance Claim?

Care Health Insurance ensures a seamless claim process for its customers. Here are the steps to follow while filing a cashless claim or reimbursement for critical illness insurance.