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.
A health insurance policy is a critical piece in the overall puzzle of a family’s personal finances. A claim free year does not mean that the money goes down the drain. These covers should be treated as pure risk covers where the return is peace of mind of having secured family’s financial position.