SBR Network
  • Home
  • About SBR
  • Topics
    • Business & Markets
    • Economy
    • Education
    • Entertainment
    • Finance
    • Food & Drinks
    • Healthcare
    • Home
    • News
    • Sports
    • Technology
  • Contact SBR
  • Pages
    • Team Info
    • Privacy Policy
    • Editorial Policy
    • Cookie Policy
No Result
View All Result
SBR Network
  • Home
  • About SBR
  • Topics
    • Business & Markets
    • Economy
    • Education
    • Entertainment
    • Finance
    • Food & Drinks
    • Healthcare
    • Home
    • News
    • Sports
    • Technology
  • Contact SBR
  • Pages
    • Team Info
    • Privacy Policy
    • Editorial Policy
    • Cookie Policy
No Result
View All Result
SBR Network
No Result
View All Result

Why is a Medical Test important When Purchasing Critical Illness insurance?

Nicole Haley by Nicole Haley
8 months ago
in Finance
0
Why is a Medical Test important When Purchasing Critical Illness insurance?
405
SHARES
2.4k
VIEWS
Share on FacebookShare on Twitter

For several life-threatening health conditions, having a critical illness insurance plan is necessary as it takes care of your medical needs in the event of a serious disease. Likewise, it is essential to have yourself medically examined before purchasing one. With time, the chance of contracting lifestyle diseases has increased substantially. According to studies, one out of every four Indians is at risk of dying before the age of 70 years from severe ailments such as stroke, cancer, or cardiovascular disease. Furthermore, medical costs could reach several lakhs in such circumstances and can drain a major part of your savings. Even though you have medical (standard health insurance) coverage, a critical illness insurance policy can help you get through these difficult times by acting as a financial cushion. Due to pre-existing diseases and co-morbidities, certain patients cannot be admitted to the hospital. Home Care reimbursement is a benefit that some health insurance plans offer as an in-built component, while others offer it as an add-on cover. Because this is not a required or standard component in medical insurance plans, the coverage provided varies from plan to plan and insurer to insurer.

What is a Critical Illness Insurance Plan?

A critical illness insurance plan is simply a health plan that covers the costs of significant acute illnesses, including heart attack, cancer, stroke, paralysis, renal failure, etc. You’ll receive the claim amount in a lump sum as soon as you’re diagnosed with any critical illnesses (mentioned in your policy document) and survive the waiting period that distinguishes a vital illness plan from a regular health plan.

In simple terms, a critical illness insurance plan is different from a standard medical insurance plan. When diagnosed with critical illness, the insured receives a lump sum payment (equivalent to the sum insured) under a critical illness plan. The necessary illness insurance policy provides a lump sum payout to cover the cost of care and treatment, recuperation aids, etc. The policy expires after the benefit is paid. To safeguard yourself and your family against rising coronavirus healthcare costs, look for – corona kavach family floater.

Features of a Critical Illness Insurance Plan

The following are the significant features of a critical illness insurance plan:

  • Comprehensive critical disease coverage: Critical illness plans cover up to 36 major critical illnesses, such as cancer, tumors, and heart problems, among others.
  • The benefit of a lump-sum payment: For the treatment of serious illnesses covered by the plan, insurance service providers give the benefit as a lump-sum payment.
  • Loss of income is covered: The lump-sum payment made under a critical illness plan can also be used to replace the insured’s income.
  • Claim processing is quick and straightforward in critical illness insurance policies, based on the diagnosis report.

Why is a Medical Exam Required When Purchasing Critical Illness Insurance?

Before providing you a critical illness insurance coverage, most insurance companies will ask you to undergo medical testing. Depending on the service provider, you may be required to have a lengthy chat with a certified doctor (particularly in online policy purchasing) or undergo medical tests as defined by the policy based on your declaration on your application. Hence, it is important to undergo a medical test in India as it will help you get the best possible medical coverage.

Previous Post

How might an SEO company benefit a business?

Next Post

Strengths and weaknesses of technical analysis

Nicole Haley

Nicole Haley

Next Post
Strengths and weaknesses of technical analysis

Strengths and weaknesses of technical analysis

  • All
  • Education
You Will Never Believe These Bizarre Truths Behind Accident Attorneys
Law

You Will Never Believe These Bizarre Truths Behind Accident Attorneys

by Nicole Haley
January 27, 2023
0

If you have been involved in an accident, you have probably heard of a personal injury lawyer. However, you may...

Read more
What Makes Blood Vessels Grow?

What Makes Blood Vessels Grow?

January 24, 2023
SEO: What Is It and How Does It Work?

SEO: What Is It and How Does It Work?

January 6, 2023
2022’s Best Batsmen and Bowlers: Who Will Come Out on Top?

2022’s Best Batsmen and Bowlers: Who Will Come Out on Top?

December 30, 2022
Easy Ways To Up Your Game While Betting On Cricket Online

Easy Ways To Up Your Game While Betting On Cricket Online

December 30, 2022

Recent Posts

  • You Will Never Believe These Bizarre Truths Behind Accident Attorneys January 27, 2023
  • What Makes Blood Vessels Grow? January 24, 2023
  • SEO: What Is It and How Does It Work? January 6, 2023
  • 2022’s Best Batsmen and Bowlers: Who Will Come Out on Top? December 30, 2022
  • Easy Ways To Up Your Game While Betting On Cricket Online December 30, 2022
  • How To Win More Money Horse Racing: Tips To Optimize Your Odds December 16, 2022
  • What are currency options, and how do they work? December 16, 2022
  • What Advantages do you Reap with Demat Account? December 14, 2022

Archives

  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
January 2023
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031  
« Dec    
What Makes Blood Vessels Grow?
Healthcare

What Makes Blood Vessels Grow?

Blood vessel growth is essential for fast and effective wound healing. The more blood vessels, the quicker new tissue can ...

January 24, 2023
10 Ways to Protect Your Mental Health at Work
Healthcare

10 Ways to Protect Your Mental Health at Work

No matter what you do for a living, work impacts the state of your mental health — for better or ...

June 11, 2022
Is Your Vape Juice The Right One For You?
Healthcare

Is Your Vape Juice The Right One For You?

Are you a vaper who switches their current vape flavour as often as possible, or have you found a tasty ...

April 13, 2022
Perception towards Online Movie Watching Has Been Changed
Entertainment

Perception towards Online Movie Watching Has Been Changed

Online films are a kind of video made explicitly to be watched on the web, for the most part on ...

February 25, 2022
To Get Rid of Stress, Watch Good Movies
Entertainment

To Get Rid of Stress, Watch Good Movies

For many people, life is too boring and for some people, life is too stressful. Many people are there all ...

February 21, 2022

Categories

  • Business & Markets
  • Economy
  • Education
  • Entertainment
  • Finance
  • Food & Drinks
  • Gambling
  • Healthcare
  • Home
  • Insurance
  • Law
  • Life
  • News
  • SEO
  • Sports
  • Technology
  • Travel
  • Wine

Recent News

You Will Never Believe These Bizarre Truths Behind Accident Attorneys

You Will Never Believe These Bizarre Truths Behind Accident Attorneys

January 27, 2023
What Makes Blood Vessels Grow?

What Makes Blood Vessels Grow?

January 24, 2023
  • About
  • Our Team
  • Advertise
  • Privacy Policy
  • Get In Touch

@ 2022 SBR Network.

No Result
View All Result
  • About SBR Network News
  • Contacting SBR Network
  • Cookie Policy
  • Editorial Policy
  • Get In Touch
  • Home
  • Home
  • Privacy Policy
  • Team Info

@ 2022 SBR Network.