Myths And Facts About Critical Illness Insurance Plans
14 January, 2021
0 Shares
234 Reads
Share
Critical illness is an ailment or health disorder that requires long-term medical treatment. Under this category diseases like liver or kidney failure, cancer, heart disease, etc. are present. There are many critical illness myths about a critical illness plan and critical illness cover as well. This is due to wrong information, inaccurate assumptions. People even wonder why a critical illness insurance plan is necessary. Investing in the critical illness insurance plan is to manage the expenses of treatment and medication of prolonged disease. Because of the parity of critical illness insurance plans with health insurance plans, various critical illness myths are prevailing in the society.
Myths and Facts Regarding Critical Illness Insurance Plan
People even wonder that if an individual has chosen a critical illness plan, then does one have to choose a life insurance plan as well. So, critical illness plans come along with quite a good amount of coverage insurance, so one doesn't need to choose a life insurance plan as well. Many critical illness myths are prevailing in society and some critical illness facts.
Here are Some Facts and Myths about Critical Illness Insurance Plans
1. Expenses of Disability are Paid by Insurance Companies
Critical illness and disability are two non-identical concepts. Here in disability cover, the compensation is only done for the accidental disability. Whereas according to the critical illness plan, it will only provide payment if the patient is detected with a prolonged illness.
2. Against Each Critical Illness Insurance, Cover is Offered
Some critical illness myths are prevailing in society that having a single critical illness insurance cover is enough for all other critical illnesses, but it is not true. Almost all the critical illness cover is only for a few critical illnesses. So, it is very vital to compare critical illness insurance plans before buying critical illness insurance. One must also be a bit careful while having a critical illness cover because not all companies provide insurance for all types of long-term disease.
3. Having Critical Illness Insurance Cover at a Tender Age is Pointless
There is a possibility that at any age or any day critical illness might beat you, so it is among the critical illness facts that having family health insurance at a young age is not useless at all.
4. Having Critical Illness Cover is Similar to the Health Insurance Plans
Insurance plans for health just provide financial help in the form of money to pay all the hospitalization expenses. On the other hand, a critical illness plan provides financial service only if one is detected with any type of critical illness.
5. High Premiums are Imposed by Critical Illness Plans
Always the possibility is not the same. Before opting for a policy, one must compare a few of the policies so that one can have the best services when in need. If you have purchased a policy covering the later phases of your illness period, then it becomes mandatory for you to pay high premiums.
6. When an Individual is Detected with Critical Illness Immediate Coverage will be Given
From one insurance supplier to another the claim settlement ratio (CSR) differs. The speed and time of the arrangement depend on the one who is insured. Checking CSR is also very essential before having the policy done for one's future security.
Conclusion:
In a day-to-day stressful life with all responsibilities, people are too vulnerable to critical illness. So, it becomes very important for one to be aware of critical illness facts. So, for safety and to avoid financial stress various insurance including individual health insurance are available. So for the safeguard of one's future choosing right health insurance becomes very essential. While having the best critical illness insurance it is also essential for an individual to go through health insurance premium because it differs according to the period you are choosing. Choosing the right insurance is necessary also because an insurance company aids your claims properly.
Secure your Health with comprehensive insurance plans from Niva Bupa
You may also like
Health Insurance - Health Insurance | Medical Insurance | Best Health Insurance Plans | Health Insurance Plans | Health Insurance Policy | Best Health Insurance Plans | Best Family Health Insurance | Best Mediclaim Policy | Best Health Insurance In India | Best Medical Insurance In India | Best Health Insurance Plans In India | Best Health Insurance Policy In India | Mediclaim | Best Health Insurance For Senior Citizens In India | Best Health Insurance | Health Insurance With Opd Cover | Mediclaim Insurance | Medical Insurance Plans | Best Health Insurance Company in India | Critical Illness Insurance | Personal Accident Insurance | Mediclaim Policy | Individual Health Insurance | Pregnancy Insurance | Maternity Insurance | Best Family Health Insurance plans in India | Best Health Insurance company | Family Health Insurance | Best Health Insurance plans for Senior Citizens | Mediclaim Policy for Family
Health Insurance Schemes - Chief Ministers Comprehensive Health Insurance Scheme | Employee State Insurance Scheme | Swasthya Sathi Scheme | Pradhan Mantri Matru Vandana Yojna | Government Health Insurance Scheme | Dr. YSR Aarogyasri Scheme | Pradhan Mantri Suraksha Bima Yojna | Health Insurance Deductible | West Bengal Hcovealth Scheme | Third Party Administrator | Rashtriya Swasthya Bima Yojana | In Patient Vs Out Patient Hospitalization | Mukhyamantri Chiranjeevi Yojna | Arogya Sanjeevani Health Insurance | Copay Health Insurance | Cashless Health Insurance Scheme | Mukhyamantri Amrutum Yojna
Travel Insurance - Travel Insurance | International Travel Insurance | Student Travel Insurance | Travel Insurance USA | Travel Insurance Canada | Travel Insurance Thailand | Travel Insurance Germany | Travel Insurance Dubai | Travel Insurance Bali | Travel Insurance Australia | Travel Insurance Schengen | Travel Insurance Singapore | Travel Insurance UK | Travel Insurance Vietnam | Malaysia Tourist Places | Thailand Visa for Indians | Canada Visa for Indians | Bali Visa for Indians | ECR and Non ECR Passport | Qatar Visa Status | USA Visa | Vietnam Visa | USA H1B Work Visa
Become an agent - Insurance Agent | Insurance Advisor | Licensed Insurance Agent | Health Insurance Consultant | POSP Insurance Agent
Group Health Insurance - Startup Health Insurance | Commercial Health Insurance | Corporate insurance vs personal insurance | Group Personal Accident Insurance
Top Hospitals - Best Hospitals in Chennai | Top Hospitals in Delhi | Best Hospitals in Gurgaon | Best Hospitals in India | Top 10 Hospitals in India | Best Hospitals in Hyderabad | Best Hospitals in Kolkata | Best cancer hospitals in Bangalore | Best cancer hospitals in Hyderabad | Best cancer hospitals in Mumbai | Best cancer hospitals in India | Top 10 cancer hospitals in India | Top 10 cancer hospital in Delhi | Multi Speciality Hospitals in Mumbai | Multi Speciality Hospitals in Chennai | Multi Speciality Hospitals in Hyderabad | Super Speciality Hospitals in Delhi | Best Liver Hospitals in Delhi | Best Liver Hospitals in India | Best Kidney Hospitals in India | Best Heart hospitals in Bangalore | Best Heart hospitals in India | Best Heart hospitals in Kolkata | Best Heart hospitals in Delhi
Others - Top Up Health Insurance Policy | Corporate Health Insurance | Health Card | Section 80d of Income Tax Act | Ayushman Bharat | Health Insurance Portability | GoActive Family Floater Plan | Health Companion Family Floater Plan | Health Premia Family Floater Plan | Health Pulse Family Floater Plan | Health Recharge Family Floater Plan | Heartbeat Family Floater Plan | Money Saver Family Floater Plan | Saral Suraksha Bima Family Floater Plan | Senior Citizen Family Floater Plan | Super Saver Family Floater Plan | Corona Kavach Family Floater Plan | Hospital Cash Insurance | Cashless Health Insurance | Health Companion Price revision | Heartbeat Price revision | ReAssure Price revision
Health & Wellness - PCOD | PCOD Problems Symptoms | Stomach Infection | Stomach Infection symptoms | Home remedies for Stomach Infection | Hypertension definition | How to Control Sugar | Typhoid in Hindi | Blood sugar symptoms | Typhoid symptoms in hindi | Low sugar symptoms | ब्लड शुगर के लक्षण | pregnancy me kya kare | Open heart surgery cost | Blood infection symptoms in hindi | BP badhne ke karan | Khansi ka gharelu upay | Omicron | Coronavirus Health Insurance | Covid XE Variant | Norovirus
www.nivabupa.com
+91 11 41743397
1860-500-8888
3rd Floor, Capital Cyberscape, Sector 59, Gurgaon
- Insurance is a subject matter of solicitation. Niva Bupa Health Insurance Company Limited (formerly known as Max Bupa Health Insurance Company Limited) (IRDAI Registration Number 145, Category:Health), 'Bupa' and 'HEARTBEAT' logo are registered trademarks of their respective owners and are being used by Niva Bupa Health Insurance Company Limited (formerly known as Max Bupa Health Insurance Company Limited) under license. CIN: U66000DL2008PLC182918
- 1 Niva Bupa processes pre-authorisation requests within 30 minutes for all active policies, subject to receiving all documents and information(s) up to Niva Bupa’s satisfaction. The above commitment does not include pre-authorisation settlement at the time of discharge or system outage.
- 2 Since Inception refers to claim data from 2010 till December 2023.
- 3 ReAssure 2.0 Premium: The premium is including taxes and for Bronze Variant, for a 25-year-old individual living in Delhi.
- 4 Aspire Premium: The premium is including taxes and for Gold+ Variant, for a 25-year-old individual living in Delhi.
- 5 Senior First Premium: The premium is including taxes and for Gold Variant, for a 65-year-old individual living in Delhi.
- 6 Health Premia Premium: The premium is including taxes and for Silver Variant, for a 25-year-old individual living in Delhi.
- 7 SmartHealth + Disease Management Premium: The premium is including taxes and for Disease Management Gold Variant rider when bought with ReAssure 2.0 Bronze variant with Base Sum Insured of 5 lacs, for a 25-year-old individual living in Delhi.
- Beware of spurious / fraud phone calls! Do not share your confidential information like Debit / credit card number, Internet Banking User ID/Password, Pin, CVV, OTP, etc. with anyone. Avoid clicking on attachments / payment link received in mails / message from unknown sources. IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment or premium. Public receiving such phone calls are requested to lodge a police complaint. Do not respond to unsolicited and attractive offers received through unidentified calls, emails, SMSs, and other social media platforms. Beware of misleading telephone calls from people posing as Niva Bupa officials, agents, IRDAI Officials, Officials from ECI (Office of the Executive Council of Insurers) etc. and offering alluring benefits or sharing false information on your policy or on Niva Bupa. Niva Bupa shall not be responsible for any loss or damages whatsoever for any acts or omissions arising out of such spurious calls, and all customers are advised to contact our customer care at 1860-500-8888 and verify any representations or promises made by any such spurious callers before acting upon the same.