It is wise to invest in health insurance to avoid these untoward financial stress situations.
This is an important stage of life. You should treat this stage as an opportunity to review where you stand as against where you intend to go, in terms of your financial goals.
Critical illness cover helps on financial front in case of critical illness. If resources permit, one should buy a critical illness cover after buying a health insurance policy.
Insurance companies have launched specific covers â€“ a policy that covers you in case of hospitalization due to dengue or a policy that offers to pay a lump sum benefit in case you suffer due to cancer. How should one decide if he should buy one for himself.
Healthy claim settlement ratio means you are likely to get your money on time. Also it means you are dealing with an insurance company that respects you as an honest individual.
While critical illness cover offers lump sum payment to insured, the health insurance policy pays for the hospitalization benefit to the extent of sum assured.
A critical illness in your family may spell financial disaster for you and your family if you are not adequately insured. There are a variety of critical insurance plans in the market that provide you with an excellent financial cushion when you are diagnosed with a critical illness.