We are living in a world where we do not have the time to focus and keep track of what we are eating, how we are maintaining ourselves or which act of ours can be harmful to our long-term health. With the changing lifestyle, we are prone to several high-risk diseases that may emerge anytime […]
What is critical Illness and the policy conditions you should be aware of
Critical illness means any kind of acute illness like heart attack or stroke, partial and total paralysis and organ transplants that not only demand immediate medical care but also prove to be a huge financial burden for the respective patient and his family. With the lifestyle changes in today’s world, these illnesses are not only […]
What is covered under a Critical Illness Insurance Policy?
Due to a sedentary lifestyle, even the younger generation is also suffering from life-threatening ailments like cancer, chronic kidney disease, cancer, diabetes, etc. According to the World Health Organisation (WHO), every year nearly 1.7 billion hearts stop working. Further, more and more youngsters are suffering from oral cancer as they hook on smoking, tobacco, or […]
Number of diseases covered by a critical illness rider vary across plans
Published in Mint on Oct 27 2016, Written by Abhishek Bondia What is a critical illness rider in a term insurance plan? When is the payment made if one has a critical illness rider with a life insurance policy? What is accelerated rider? —Kaushal Jadhav A critical illness rider provides a lump sum to the […]
Why Should You Buy Critical Illness Cover Even after Buying Term & Health Insurance?
The most popular insurance policies amongst the masses in India are term and health insurance coverage. There is no doubt that these are two of the most significant policies which are on the bucket list of many when they are asked about insurance. However, times have changed, and we are at a greater risk of […]
Subrogation and critical illness insurance policy
Subrogation refers to giving someone a legal right to collect a debt owed to you. In the context of insurance, this means granting your insurance provider the legal right to sue or collect damages from someone whose actions have caused you injury or harm. In this article, we will get to learn about subrogation and […]
What is loading in critical Illness Insurance and When is it Applicable?
Loading is the amount the critical illness insurance companies charges at the time of policy renewal if you claimed in the previous policy tenure. There are various ways in which loading is computed by insurance companies offering critical illness insurance policies. Some of them are – Loading with respect to claim – It means, for […]