Sometimes we have to handle a few hurdles in our road to realizing our life goals. Usually, these hurdles arrive when we least expect them.
Critical Illness, such as heart ailment, diabetes or cancer, is one such possible problem. Since critical illnesses have the potential to derail our finances, it makes sense to be better prepared for such an eventuality. With the growing prevalence of critical illnesses, it is better to prepare for such an eventuality financially.
While indemnity health insurance policies take care of hospitalization related expenses, they may be found wanting in case of critical illnesses, where the non-hospitalisation costs can be much high.
A critical illness cover, which pays a lump sum amount when you are diagnosed with a disease of serious nature, can be an excellent complement to your primary health insurance plan.