How to Choose the Best Critical Illness Insurance?

How to Choose the Best Critical Illness Insurance?

When it comes to choosing the best critical illness insurance plans, you should keep a few things in mind-

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- The full sum insured is guaranteed irrespective of hospitalization or treatment costs
- Critical health insurance will have a survival period of 30 days post diagnosis in order to make the claim. Check for this clause since some insurers may not have it.
- Check the number of illnesses covered under a critical illness policy. These vary from one policy to another.
- Compare the coverage amount and claim procedure as well.
- Also compare the payment history of the insurance company in question.
- Decide on the right amount of coverage that you require based on age and medical history.
- Check for sub-limits and waiting period clauses.

There is a waiting period involved in critical illness plans. This starts from the date of the policy purchase until the time policy benefits kick in. Mostly, the critical illness insurance plans have a waiting period of three months to four years, after which a pre-specified illness is covered. So, try to select a critical illness cover as early as possible.

Disclaimer - *Conditions apply. This product is offered under the Group Insurance scheme wherein Bajaj Finance Limited is the Master policyholder. The insurance coverage is provided by our partner Insurance Company. Bajaj Finance Limited does not underwrite the risk. IRDAI Corporate Agency Registration Number CA0101. The above mentioned benefits and premium amount are subject to various factors such as age of insured, lifestyle habits, health, etc (if applicable). BFL does NOT hold any responsibility for the issuance, quality, serviceability, maintenance and any claims post sale. This product provides insurance coverage. Purchase of this product is purely voluntary in nature. BFL does not compel any of its customers to mandatorily purchase any third party products.

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