In general, critical illness policies protect the policyholder from different contingencies like heart surgery, paralysis, stroke, etc. In a private hospital, the treatment cost for kidney failure is somewhere around Rs.20,000 per month and many patients have a doubt whether this health issue is covered under critical illness insurance. Yes, this is one among the critical illnesses covered by these policies. A few government hospitals also provide treatment for kidney failure. A report states that about 5.4 lakh people in India suffer from this deadly health issue and spending Rs.20,000 per month, wherein a huge money has to be spent for dialysis is not an easy thing for people falling under middle and lower income groups. But, the relieving news to the sufferers is that they can rely on critical illness policies that cover dialysis and here are the details about such insurance policies available in India:
Tata AIG – CritiCare:
This policy covers about 11 critical surgeries and illnesses. This coverage pays a lump sum amount to the insured and for subscription, it is not essential that the policyholder will have to undergo medical checkups. Even, this policy provides the opportunity for patients to get free second opinion as well. The great thing here is that the patients can get a free second opinion from a panel of doctors in the United States.
Bajaj Allianz – Critical Illness:
With the maximum of Rs.50 lakhs sum assured, this policy covers critical illnesses. On the basis of the age of the policyholder, pre-medical tests will be decided. It will also be decided on the basis of the sum assured opted by the policyholders and the adverse health declaration on the proposal form. Based on the health status of the insured, there will be a minimum 10% to maximum 150% load on the standard premium rates.
Max Bupa – Health Assurance:
Here, the purchasers have the option to choose either a family floater plan or an individual coverage and the greatest benefit associated with this policy is the guaranteed cash benefit. There is another option to choose two year policy and discounts as well. Apart from this, on the policy renewal, the sum assured will be increased by 5% for every claim free year. The bonus that can be earned by the policyholder is up to 25% on the sum assured. Nearly 20 critical illnesses are covered by this policy.
Bharati AXA – Critical Illness Insurance:
Nearly 20 critical illnesses are covered by this policy without any medical checkup for the purchasers with less than 45 years of age. The policyholders have the option to get the reimbursement of hospital expenses for treatment or they can get payment of compensation on diagnosis of critical illness. Policyholders can get addition benefits like renewal discount and income tax benefits as well under this coverage.
HDFC Ergo – Critical illness:
This coverage provides a lump sum benefit after an initial period of 30 days. Nearly 8 critical illnesses are covered by this policy and the purchasers can choose between one or two year policy coverage period as per their requirement. The policyholders have the option for lifelong renewability and they can get lump sum amount on the first diagnosis of critical illness. There will be pre-policy checkup on the basis of the age of the purchaser.