Buying critical illness policy is among the best decisions you can ever make when looking forward to keeping your health in check. After all, critical illness can be viewed as an unwelcome guest that’s only going to take a huge toll on your health and wealth. Among the most prevalent critical illnesses include cancer, heart attack, kidney failure and many more.
Due to the continuous diagnosis, hospitalization, treatment and dialysis, the fee might end up creating a hole in your pocket. The good news is that you can face this difficult situation by opting for a comprehensive critical illness insurance policy.
But before rushing over your insurance quotes comparison expedition, there are a few things you need to do. Here, we have compiled some of the things to consider before buying critical illness insurance.
Look for Maximum Coverage
When examining the different health insurance providers available at your disposal, you should settle for a full critical illness plan that provides you with maximum coverage. In a nutshell, a sound critical illness cover must include pre- and post-hospitalization expenses, diagnosis expenses, treatment and medication. Ensure you are fully aware of the benefits you will enjoy from your critical illness cover before you finally sign on the dotted line.
Waiting Period Matters
The waiting period simply implies to the stipulated time under which the policy is payable. It is highly recommended that you ask for a waiting period before you finally buy a critical illness plan. With critical illness, it is after 90 days of the commencement period of the policy and for pre-existing diseases, you have to make do with 48 months. To be on the safe side, you should consider the critical plan with a low waiting period.
The Bottom Line
Buying critical illness policy is one of those decisions that you should never rush through at any particular time. Do your homework and examine things such as the age, waiting period, sub-limits, amount of premium and many more. It is also essential that you undertake insurance quotes comparison to ensure you land yourself the best deal possible.