These products are to be taken over and above your Health Insurance Policies.

There are specific diseases which are covered through various types of Health Benefit Plans.

The benefits are paid in lumpsum or are paid yearly for few years once the critical illness occurs.

These are available at a very economical price.

Both Individuals and Corporates should have such policies in their Portfolio.

SILENT FEATURES

• Some plans cover Parents as well as In-laws.
• One can add Rider benefits depending upon their need.
• Conditions varies across companies.
• Premium can be paid monthly, quarterly, half yearly or in yearly mode.
• Children can be added.
• Children are removed from policy once attaining maturity age.

 

Sanghavi’s Recommendation:

• A critical illness plan is a must have for individuals with family history.
• They are to be taken over and above the health insurance policies.
• They are huge help in today’s lifestyle where we find many critical illnesses which have now become very common like Heart issues, Cancer, etc.
• These are a must have in any Insurance Portfolio.
• Group plans are popular with corporates.