Health plans more beneficial than critical illness policies?
We are all well-aware of those critical illness covers that encompass a myriad of diseases. In addition to those already existing plans, a new set of health plans have come up to offer protection from deadly ailments. Since these plans cover the insured from a particular disease, we now can stay safe from fatal ailments such as cancer by availing these policies. However, are these plans better than regular critical illness covers? Critical Illness Cover for cancer patients These policies are crafted to safeguard a set of critical diseases and cancer is included among the bunch of ailments that are covered under the plan. However, there are a few reasons why cancer patients have found these policies falling short of meeting their needs. Here are some downsides of critical illness policies that are compelling cancer patients to look for cancer-specific health plans. • Only those who are not diagnosed with cancer can avail a critical illness policy. Cancer patients are not eligible for this plan. • The policy does not cover complications that usually arise from cancer. • Critical illness plans of those people will be terminated who has symptoms of cancer within the waiting period of the policy. In simple words, if any symptom reveals within first 90 days which is the stipulated waiting period in most policies the plan will cease to exist. • Those who are diagnosed with cancer even when the waiting period is over will not be able to make claims till the ailment reaches advanced stage. Because, no critical illness plan covers early stage cancer. Comparison of different critical illness plans Here is a comparison of various critical illness policies. The comparison is made from the perspective of a 35 years old healthy person who wants a critical illness plan with sum insured Rs. 10 lakh.