Insurance Plans India 276 views January 5, 2022

Critical illnesses such as heart attack are increasingly becoming common among people due to unhealthy lifestyles, increasing work and emotional stress, etc. Gone are the days when only old-aged people used to have strokes – now even the young ones succumb to the same. While health issues may not be in your control, financial preparedness to deal with the same is! But to deal properly, you must have an idea of the expenses resulting from critical illnesses. The treatment cost of heart attack, cancer, brain issues can range up to 25-30 lakh across India. Now that gives you an idea of the critical illness cover you should go for. But how you will get the same needs your attention too. Let us do the same for you in this post.

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How to Approach to Get the Desired Critical Illness Cover?

Critical illness cover comes in two ways – a rider or an altogether separate plan. You can attach the rider to your life or health insurance plan. You’ll need to pay the premium for either of the attached insurance and the premium for the rider. The sum of these two is your total premium amount. Whereas a separate critical illness plan will cover only critical illnesses and is priced accordingly.

Rider plans would most likely come with a cover of around INR 5-10 lakh. Whereas a dedicated critical illness plan can come with a cover of more than INR 1 crore. This makes it a feasible policy for all those seeking adequate cover against critical illnesses. If you compare the premium of a critical illness plan and the rider, you may find the same for the latter less.

But the premium is not the sole consideration for you to make. Choosing a plan that covers critical illness-related expenses adequately while keeping the premium within your budget would be right.

Top Critical Illness Plans with High Coverage

Above, we told you about the expected coverage under critical illness plans. Now, we’ll tell you the exact coverage amount some of the top plans will have for you.

Critical Illness Insurance PlansCoverage Amount & Number of Critical Illnesses CoveredMinimum Premium Payable (In INR)
HDFC ERGO Optima VitalCoverage - Up to INR 50 Lakh

No. of Illnesses Covered - 37
As Applicable by the Insurer
Care AssureCoverage - As Applicable

No. of Illnesses Covered - 32
As Applicable by the Insurer
Star Criticare Plus Insurance PolicyCoverage - Subject to limits based on the illnesses

No. of Illnesses Covered - 9
3750
Bajaj Allianz Critical Illness PlanCoverage - INR 1-50 Lakh for people falling in the age group of 6-60 years and INR 1-5 Lakh for those between 61-65 years

No. of Illnesses Covered - 10

200
Reliance Critical Illness PolicyCoverage - INR 5, 7, 10 Lakh

No. of Illnesses Covered - 10
Future Criticare PlanCoverage - Up to INR 50 Lakh for people aged up to 45 years and up to INR 20 lakh for those aged 46-65 years

No. of Illnesses Covered - 12
262

Note – The premium for these plans also depends on the underwriting norms of the insurance company.

Critical Illnesses Generally Covered Under These Plans

The list of such illnesses includes the following –

  • Cancer of Specified Severity
  • Angioplasty
  • Heart Valve Surgery
  • Heart Attack
  • CABG
  • Blindness
  • Primary Pulmonary Hypertension
  • Kidney Failure Needing Constant Dialysis
  • Chronic Lung Disease
  • Chronic Liver Disease
  • Benign Brain Tumour
  • Permanently Paralyzed Limbs
  • Permanent Symptoms Resulting from Stroke
  • Alzheimer’s Disease
  • Coma
  • Brain Surgery
  • And some more

Any Conditions to Meet to Get Critical Illness Cover?

The eligibility conditions may vary from one critical illness policy to another. Generally speaking, most plans would offer critical illness coverage after 90 days of the policy commencement date. Plus, you need to survive for about a month or so post the diagnosis of these illnesses.

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