Best Critical Illness Plans Their Benefits and Features Know in Detail

4 min read

About Critical Illness Health Insurance Plans in India

Critical illnesses can make life miserable and can cost you every penny of your savings. If you want to ensure that your savings remain intact, buy a health insurance plan today. Read on to know more.

The various health insurance plans are offered to help individuals to compensate for the money that is spent on health related emergencies and diseases. Though the health plans of each insurance provider might be different and might offer different coverage. Further, insurers also roll out several plans that are specific to certain illnesses. So, policy holders can buy these plans to cover them and their families against some specific medical conditions such as;

  • Health plans specifically for critical illness or best critical illness insurance, India
  • Health plans meant for Maternity benefit
  • Plans to cover against Personal Accident, and
  • Senior citizen plans, etc.

Now, if you consider the best critical illness policy, they offer monetary assistance to the insured against several critical diseases like cancer, diabetes, hypertension, heart attack, stroke etc. Most of these health insurance plans protect the policyholder against as many as 32 critical diseases. So, if an individual is interested in buying a critical illness plan, he/she must check if the diseases that they want are included in the list of diseases covered under the policy.  Most of these critical illness plans are available with a waiting period, which is mentioned in the policy document.

What is a Critical Illness Health Insurance Plan?

So, what exactly does a best critical illness cover offer? The critical illness health insurance cover offers protection to all the individuals insured under the policy against several critical ailments by covering them monetarily against the expenses of the critical illness.

Critical Illness Plan Benefits and Features

Below are some of the features of a best critical illness plan:

  • Under such a plan, you get a lump sum claim amount that can be used to start the treatment or to compensate for the loss that you have incurred in the treatment.
  • The insured can get the claim amount by showing the diagnosis reports even if the patient is not yet hospitalized.
  • Such plans come with a 3 months waiting period so, the patients need not wait too long to avail the benefits of the plan.

Let us discuss some of the best critical illness policies in India available in 2022.

7 Best Critical Illness Plans Available in India

Below are some of the best critical illness health plans that can be chosen for complete coverage on critical illness.

1. Insurer – HDFC Ergo General Insurance Company

Plan name – Critical Illness Cover 

Features 

  • Under this plan, you get coverage for as many as 15 critical diseases that are life-threatening.
  • The policy period for this plan is between 1 – 2 years.
  • The plan allows the insured to avail of a lump sum payment.

2. Insurer – Bharti AXA General Insurance Company

Plan name – SmartHealth Critical Illness

Features 

  • This is another best critical illness insurance policy in India offered by Bharti AXA insurance for critical illness.
  • It allows hospital cash allowances.
  • It also allows expenses of domiciliary hospitalization as well as daycare procedures.

3. Insurer – Star Health And Allied Insurance Company

Plan Name – Criticare Plus

Features 

  • It covers costs incurred against daycare procedures.
  • Also covers emergency ambulance charges.
  • The Plan also covers non-allopathic treatments for critical illnesses.

4. Insurer – Aditya Birla Health Insurance Company

Plan name – Cancer Secure  

Features

  • This critical illness plan from Aditya Birla allows coverage against expenses incurred for the treatment of cancer, which is a major critical illness.
  • As per this plan, you get coverage for cancer in different stages
  • The sum insured received under this plan differs as per the stage of cancer that the patient or the insured is.

5. Insurer – Reliance Health Insurance Company

Plan name – Reliance Critical Illness Insurance Plan

Features 

  • The critical illness cover from Reliance allows coverage against as many as 10 critical disorders.
  • The plan also offer wide coverage, other benefits, and an amount of high sum insured.

6. Insurer – Raheja QBE Health Insurance

Plan name – Raheja QBE Cancer Insurance 

Features 

  • This is another plan that covers against cancer.
  • This plan covers the patient or the insured with a lump sum payment once the cancer is diagnosed and proved.
  • Further, the insurer pays as much as 50% of the cost related to the pre-policy medical screening and diagnosis.

7. Insurer – Bajaj Allianz health insurance Company

Plan name – Bajaj Allianz Critical Illness Plan

Features

This is another plan meant to cover critical illnesses.

The plan offers coverage for as many as 10 critical diseases such as ailments related to cardio, cancer, heart attack, and so on.

The policy covers expenses incurred for hospitalization costs in India or abroad.

Read More : Critical Illness Health Plans – Do you need one?

To Conclude

As you can gather from the information shared above, there are many insurers offering critical illness coverage to their policyholders. All you need to do is to check out different policies offered by different insurers to select the best plan basis your requirement.

Further, it is also important to compare these critical illness plans available in the market to be able to choose the best policy that suits your requirement and that of your near and dear ones.  Also, while comparing you must also check that the plan suits your pocket as well or it is cost effective. And the plan should also offer wide coverage and add-on facilities.

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Gayatri Prabhu, Head-Digital Business at Mahindra Insurance Brokers Limited (MIBL) is one those few digital leaders who has the width and depth that is required to execute an ROI driven holistic digital strategy. She cuts through the noise, identifies the critical levers and leads her team to successful execution of the defined strategy. Her core mantra to win new and retain existing customers is: understand the consumer behavior and craft experiences around it.

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