Best Health Insurance Company in India

Benefits of Purchasing Critical Illness Insurance Early in Life

19 April, 2023

0 Shares

168 Reads

Critical Illness Insurance

Share

When it comes to health insurance; there are many options available to people such as individual, accident insurance and critical illness insurance. One of the most important types of health insurance is critical illness insurance. This insurance covers medical expenses associated with a severe illness or condition. It can be an invaluable tool to have in an unexpected medical emergency.

 

Early in life is the best time to purchase health insurance with critical illness rider. The earlier you buy the policy, the more affordable it will be. As you age, the premiums for critical illness insurance will increase. It is because the probability of you becoming ill increases as you get older. Additionally, the longer you have a term plan with critical illness, the more value you will get from it.

 

Critical illness insurance for senior citizens is an important form of financial protection for those at higher risk of suffering from a severe illness due to age. It provides a lump sum payment to cover the costs of medical care and other expenses that may arise due to the illness. This type of insurance is essential for seniors with limited savings or lack the financial resources to pay for the necessary medical care.

 

This blog will discuss the benefits of having a critical illness policy in India and how to find critical illness insurance for senior citizens.

 

Benefits of Critical Illness Policy in India

There are many benefits to purchasing critical illness insurance early in life. Knowing that you have coverage in the event of an illness or emergency can be a great comfort. It can also help you to avoid financial hardship if you become ill. Critical illness insurance can cover medical expenses not covered by your regular health insurance. A term plan with critical illness can provide you with the following benefits:

 
  • Financial protection: Critical illness insurance provides a lump sum upon diagnosis of a covered illness. You can use it to cover living expenses such as rent, mortgage payments, medical bills, and other costs that may arise due to the illness.
  • Comprehensive Coverage: Critical illness policies cover many illnesses, unlike traditional health insurance. It means the policyholder is covered for a broader range of illnesses than traditional health insurance policies.
  • Guaranteed Renewal: A term plan with critical illness offers guaranteed renewability, meaning that the policy can be renewed even if the insured’s health deteriorates.
  • Tax Benefits: Premiums paid towards critical illness policies are eligible for tax deductions under Income Tax Act Section 80D.
  • No Claim Bonuses: Most critical illness policies offer no claim bonuses, which can increase the available coverage upon diagnosis of a covered illness.

 

Choosing Critical Illness Insurance for Senior Citizens

Critical illness insurance, on the other hand, typically provides a lump sum payment if the policyholder is diagnosed with a specific critical illness.

 

To find the best-suited plan, follow these steps:

 

  • Determine your Coverage Needs: Determine how much coverage you need by considering the cost of medical treatments, out-of-pocket expenses, and any long-term care you may need.
  • Compare Rates and Coverage: Compare rates and coverage from several insurers to find the best deal. Make sure the policy covers all the illnesses you want to be covered for.
  • Read the Fine Print: Read the policy details carefully before signing on the dotted line. Pay special attention to the exclusions, inclusions, and other fine print.
  • Ask Questions: If you have any queries, don’t be afraid to ask them. Make sure you understand everything before making a decision.
  • Consider Riders: You can add additional benefits to your policy. Depending on your needs, these may be worth considering.

 

A critical illness premium calculator is an online tool that helps you compare the cost of health insurance vs critical illness insurance. This tool can help you decide if a health insurance plan with a critical illness rider is the right for you. With a critical illness policy in India, you can receive financial assistance for medical expenses associated with certain illnesses like cancer, heart attack, and stroke.

 

There are many benefits to purchasing critical illness insurance early in life. It can provide peace of mind, help you avoid financial hardship, and give you access to better medical care. It can also be more affordable to purchase a policy when younger. If you want to protect your family in a medical emergency, consider purchasing a Niva Bupa critical illness insurance plan. This Niva Bupa critical illness insurance will provide you with the best care for medical emergencies.

Start Your Insurance Today!

Secure your Health with comprehensive insurance plans from Niva Bupa

+91
Disclaimer infoBy clicking Start Now, you authorize Niva Bupa to Call/SMS/Whatsapp on your registered mobile overriding DNCR.

You may also like

Health InsuranceHealth InsuranceMedical Insurance Best Health Insurance PlansHealth Insurance PlansHealth Insurance PolicyBest Health Insurance PlansBest Family Health InsuranceBest Mediclaim PolicyBest Health Insurance In IndiaBest Medical Insurance In IndiaBest Health Insurance Plans In IndiaBest Health Insurance Policy In IndiaMediclaimBest Health Insurance For Senior Citizens In IndiaBest Health InsuranceHealth Insurance With Opd CoverMediclaim InsuranceMedical Insurance PlansBest Health Insurance Company in IndiaCritical Illness InsurancePersonal Accident InsuranceMediclaim PolicyIndividual Health InsurancePregnancy InsuranceMaternity InsuranceBest Family Health Insurance plans in IndiaBest Health Insurance companyFamily Health InsuranceBest Health Insurance plans for Senior CitizensMediclaim Policy for Family

 

Health Insurance SchemesChief Ministers Comprehensive Health Insurance SchemeEmployee State Insurance SchemeSwasthya Sathi SchemePradhan Mantri Matru Vandana YojnaGovernment Health Insurance SchemeDr. YSR Aarogyasri SchemePradhan Mantri Suraksha Bima YojnaHealth Insurance DeductibleWest Bengal Hcovealth SchemeThird Party AdministratorRashtriya Swasthya Bima YojanaIn Patient Vs Out Patient HospitalizationMukhyamantri Chiranjeevi YojnaArogya Sanjeevani Health InsuranceCopay Health InsuranceCashless Health Insurance SchemeMukhyamantri Amrutum Yojna

 

Travel Insurance - Travel Insurance | International Travel InsuranceStudent Travel InsuranceTravel Insurance USATravel Insurance CanadaTravel Insurance Thailand | Travel Insurance GermanyTravel Insurance Dubai | Travel Insurance Bali | Travel Insurance Australia | Travel Insurance Schengen | Travel Insurance Singapore | Travel Insurance UK | Travel Insurance Vietnam | Malaysia Tourist PlacesThailand Visa for Indians  | Canada Visa for Indians | Bali Visa for IndiansECR and Non ECR Passport | Qatar Visa StatusUSA VisaVietnam VisaUSA H1B Work Visa

 

Become an agentInsurance Agent | Insurance AdvisorLicensed Insurance AgentHealth Insurance ConsultantPOSP Insurance Agent

 

Group Health InsuranceStartup Health Insurance | Commercial Health InsuranceCorporate insurance vs personal insuranceGroup Personal Accident Insurance

 

Top Hospitals -  Best Hospitals in ChennaiTop Hospitals in DelhiBest Hospitals in GurgaonBest Hospitals in IndiaTop 10 Hospitals in IndiaBest Hospitals in HyderabadBest Hospitals in KolkataBest cancer hospitals in BangaloreBest cancer hospitals in HyderabadBest cancer hospitals in MumbaiBest cancer hospitals in IndiaTop 10 cancer hospitals in IndiaTop 10 cancer hospital in DelhiMulti Speciality Hospitals in MumbaiMulti Speciality Hospitals in ChennaiMulti Speciality Hospitals in HyderabadSuper Speciality Hospitals in DelhiBest Liver Hospitals in DelhiBest Liver Hospitals in IndiaBest Kidney Hospitals in IndiaBest Heart hospitals in BangaloreBest Heart hospitals in IndiaBest Heart hospitals in KolkataBest Heart hospitals in Delhi


OthersTop Up Health Insurance PolicyCorporate Health InsuranceHealth CardSection 80d of Income Tax ActAyushman BharatHealth Insurance PortabilityGoActive Family Floater PlanHealth Companion Family Floater PlanHealth Premia Family Floater PlanHealth Pulse Family Floater PlanHealth Recharge Family Floater PlanHeartbeat Family Floater PlanMoney Saver Family Floater PlanSaral Suraksha Bima Family Floater PlanSenior Citizen Family Floater PlanSuper Saver Family Floater PlanCorona Kavach Family Floater PlanHospital Cash InsuranceCashless Health InsuranceHealth Companion Price revision | Heartbeat Price revision | ReAssure Price revision 

 

Health & Wellness - PCODPCOD Problems SymptomsStomach InfectionStomach Infection symptomsHome remedies for Stomach InfectionHypertension definitionHow to Control SugarTyphoid in HindiBlood sugar symptomsTyphoid symptoms in hindiLow sugar symptoms | ब्लड शुगर के लक्षणpregnancy me kya kareOpen heart surgery costBlood infection symptoms in hindiBP badhne ke karanKhansi ka gharelu upayOmicronCoronavirus Health InsuranceCovid XE VariantNorovirus

footer logo
Some image

www.nivabupa.com

Some image

+91 11 41743397

Some image

1860-500-8888

Some image

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.
Social IconSocial IconSocial IconSocial IconSocial Icon