Difference between Critical Illness and Health Insurance Cover

In this article, we will be discussing major difference between critical illness cover and health insurance policy. But before that let's understand the exact meaning of

Health Insurance Cover

Health insurance policies are medical covers that provide funds to the policyholder in times of medical emergency. Most of the health insurance policies are valid for a certain period of time. It’s a kind of contract between an insurance company and the policyholder. The contract covers almost every detail like feature, coverage amount, terms and conditions. With lots of health insurance plans available in the market, trying to find the best health insurance policy? Take the help of Bima plus, a trusted HealthInsurance Advisor in Noida Sector 10.

Health insurance policies are expected to renew after each expiration term. As you now know health insurance policy lets know

What is Critical Illness Policy?

Critical illnesses are such health conditions where the disease poses life-threatening situations. The medical cost of having treatment for such illness are very costly and puts a huge financial burden on the individual and their family. A basic insurance policy may not cover all the costs related to critical illness. Whereas critical illness health insurance plan can provide you lump sum amount which you can use to cover the costs related to repeated hospitalization, visiting doctors, and frequent test and screening. The amount can only be provided if you get diagnosed with the listed illness under the cover policy. Stuck with numerous policies? Not able to select the right one for you, take professional support from Health Insurance Advisor in Noida Sector 21 now.

Major Difference Between Health Insurance & Critical Illness Cover

Coverage:

Health Insurance plans provide coverage for several kinds of situations like an accident, pre-existing health issues. Whereas Critical illness provides cover to a limited number of serious health conditions depending on the insurance company policy.

Benefits:

Multiple benefits (Cashless treatment, coverage for family members) are covered under health insurance. Whereas limited benefits (only policyholder gets paid for critical illness) are covered in critical illness

Premium:

Depends on the benefits they cover in health insurance whereas in critical illness premium depends on the disease you are getting covered for

Sum Insured:

Health insurance can cover around 5-10 lakhs, whereas critical illness plans cover 5-5- lakhs.

Policy status:

Health insurance policy are valid till the sum covered get exhausted or reached the expiry date. Critical illness policy expires when the claim is made or its expiry date.

Bima plus can be your Health Insurance Advisor in NoidaSector 2 for selecting the best health insurance policy meant for you.