Surgeries, organ transplants, long-term medications, etc., are some of the most common treatments for chronic ailments.
No doubt such treatments are critical, but they are also quite heavy on your bank balance. This is where having health insurance becomes crucial.
Health insurance can help you manage the rising treatment cost of chronic diseases such as cancer, cardiac arrest, kidney failure and more.
But does a health insurance plan cover chronic diseases in India?
The short answer is yes. Keep reading the blog for a detailed discussion.
Do Health Insurance Plans Cover Chronic Diseases?
Yes. Health insurance providers in India offer coverage for chronic ailments via standard health insurance policies and critical illness insurance.
An important aspect about insurance coverage for chronic ailments is that most health policies come with an initial waiting period for which you have to wait before claiming the benefits. This waiting period can range from a few days to several months based on your insurance provider.
Further, if you have any pre-existing chronic ailments at the time of buying health insurance, the waiting period can extend for up to 3-4 years.
Hence, it is crucial to declare your health conditions honestly at the time of purchasing a health insurance plan.
Role of Critical Illness Insurance in Managing Chronic Ailments
Critical illness insurance, as the name suggests, is a dedicated health insurance plan for managing the cost of life-threatening ailments.
Such plans offer a one-time lump sum amount to help you cover the heavy cost of the treatment. Since these plans are specially designed for chronic illness, they come with a slightly lower waiting period.
In addition to the waiting period, critical illness insurance plans also have a survival period ranging between a few days to a couple of months after getting diagnosed with a critical illness covered by the plan.
The best part about a critical illness policy is that it can be purchased as a standalone policy as well as an add-on with your existing Individual Health Insurance.
Different Types of Chronic Ailments Covered by Health Insurance Plans
The type of chronic conditions covered by health insurance can vary from one health insurance plan to another.
Our critical illness insurance plans cover two types of chronic conditions:
Type-1: Life-Threatening
Type -2: Lifestyle Disabling
Chronic Conditions that are Not Covered by Critical Illness Insurance
There are some chronic conditions that are not covered by a majority of health insurance plans in India. Understanding them is equally important at the time of purchasing health insurance for chronic disease management. Some common exclusions of a critical illness policy are as follows:
HIV-AIDS
Childbirth/pregnancy
Cosmetic treatment
Gender change surgery
Self-inflicted condition
Life-threatening conditions resulting from consumption of drugs, alcohol, tobacco, etc.
Suicide/attempt to suicide
Critical conditions due to war, terrorism or nuclear attacks.
Buy RGI Critical Illness Insurance to Fight Your Chronic Diseases
Dealing with chronic ailments is already a physical and emotional challenge. To make sure it does not turn into a financial challenge, we offer tailored
Critical Illness Insurance
Reliance Critical Illness Plans cover ten life-threatening and lifestyle-disabling chronic ailments. With our policy, you can claim a lump sum payout for the treatment or surgery of your chronic condition.
In addition, we offer up to ₹10 lakhs sum insured, 100% claims settlement and a minimum waiting period to ensure a timely treatment.
Here is some good news: If you are up to 45 years old, then no medical tests are required for purchasing a policy.
Purchase your
health insurance policy today for exciting discounts and benefits!
Conclusion
Health insurance is a vital tool to manage the exorbitant medical expenses resulting from chronic conditions. It allows you to get the best treatment without worrying about the hefty cost.
Health insurance plans in India offer financial coverage for chronic conditions via individual health insurance or critical illness insurance. Such plans cover life-threatening diseases such as cancer, aorta surgery, total blindness and so on.
For more information, contact us!
Frequently Asked Questions
Can I purchase critical illness insurance with my existing policy?
Yes. You can purchase critical illness insurance as an add-on cover for your existing health insurance policy.
Is cancer covered by health insurance plans?
The number and type of chronic ailments covered by health insurance plans vary from one insurance company to another. At Reliance General Insurance, we offer Critical Illness Insurance to cover 10 life-threatening ailments, including cancer, heart failure, kidney issues, etc.
What is the cost of critical illness insurance?
The cost of critical illness insurance is calculated based on parameters such as the type of coverage, medical history of the insured and policy tenure, among other factors.
You can use a reliable tool such as our health insurance premium calculator to determine the cost of your selected plan.