At times, terms and conditions in a health insurance policy can be confusing. Not just an understanding of the term even the conditions attached with it need to be known for a better, evolved and an informed buying decision.
We are at increasing risk of falling prey to life-style diseases. According to estimates of various global and domestic organizations, with increasing prevalence of life-style diseases in the country, one out of four Indians is at risk of dying from non-communicable diseases like cardio-vascular ailments or cancer before the age of 70.
A pre-existing medical condition should not be a deterrent for buying your family health insurance and securing their financial future. However, proper disclosure and some precautions ensure that in case if any unfortunate event, you have a smooth and hassle free experience.
Health and critical illness are separate categories and each has its own place in a consumer’s insurance requirement. Here’s a simple guide to knowing how to choose between the two, or decide if you need both.