Understadning Critical Illness & Disability Insurance
Did you know that, on average, people are living longer? That’s great news but it also means that the chance of being diagnosed with a critical illness, and surviving it, is greater, too. In fact, living through the treatment process and surviving a critical illness can cause financial hardships for many people.Some of these financial stresses you may have already considered.
like: Loss of Income Out of pocket expenses.But some may come as a surprise, like: Childcare, if the primary caregiver becomes Ill Travel expenses for medical treatments (including gas, hotels, car rental) Home care services (domestic and personal)Flights for family and friends to visit.
But some may come as a surprise, like:
Childcare, if the primary caregiver becomes illTravel expenses for medical treatments (including gas, hotels, car rental)Homecare services (domestic and personal)Flights for family and friends to visit
Some of these financial stresses you may have already considered, like:
- Loss of income
- Out of pocket expenses
Coverage Adapted To Your Needs
Critical Illness Insurance
Critical illness is similar to life insurance, but rather than paying out a lump sum on your death, it pays out on the diagnosis of one of a number of listed serious illnesses .
Long Term Care Insurance
A long-term care insurance policy helps cover the costs of that care when you have a chronic medical condition, a disability or a disorder such as Alzheimer’s disease.
Disability insurance is a type of coverage that gives you protection against the chance of losing income if you become disabled and you are not able to pay your expenses.
Family Insurance help you to protect yourself and your family from regular health and dental costs, as well as the expenses associated with disability, critical illness and long term care.
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Frequently Asked Questions
What is the meaning of insurance?
Why do I need Insurance?
Why should one cover oneself immediately ?
How to Choose the Best Term Plan?
Claim settlement record of a life insurance company indicates the ultimate moment of truth for the customer. Claim settlement record can be assessed through a percent number (Claim Settlement Ratio) released by IRDAI (Insurance Regulatory and Development Authority India) every year.
How much life cover do I need?
If budget is a problem, you could go for monthly premium payment option over a yearly commitment. However, it is important to have a sufficient life cover so that your family’s financial security is not compromised.