21 Feb 2024

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What Do You Need To Know About Critical Illness Insurance Plan?

What Do You Need To Know About Critical Illness Insurance Plan? 

Critical illness insurance plan offers proper coverage against some serious diseases. If we talk about the treatment of the life threatening health issues, then these require  the patient to visit many hospitals, and when it comes to the  cost of treatment, then it will be too high which can make the hole in the savings. By buying Cigna critical illness insurance plan, we can be ready for unexpected situations. The insurance plan will cover the hospitalization cost along with other medical expenses.

Basically, it will pay a gross amount which will be utilized for the expenses. It is suggested to everyone for buying this insurance plan because we can’t anticipate the time of unexpected health problem. Well, when a serious health issue happens to anyone, then it leads to the sudden financial burden for the whole family. They are not only required to bear the medical expenditure but also lose their income. However, we can easily stay away from these tensions by taking an appropriate insurance plan.

Reasons behind buying critical illness cover

Treatment of serious health issues requires time and money on a huge level. While we talk about the patient or the family members, you have to skip the work for treatment, and it will increase the trouble. Here are some main reasons by which people select the option of this insurance plan –

  • The high cost of medical tests
  • Medicine expenses
  • A fee of doctors and anesthetist
  • Expenses due to a hospital visit
  • Loss of income

If we don’t have the critical illness insurance plan, then we will have to deal with many troublesome situations.  However, the Cigna critical illness insurance plan will cover several expenses such as the cost of medicines, consultation fees and many more. In addition to this, it will also prove helpful in dealing with the outstanding EMIs of car or home loan.

What does a critical illness insurance plan cover?

Critical illness insurance plan covers the life threatening diseases such as permanent paralysis, tumor, and many more. If we have the insurance, then we will receivethe total amount at one time, and we can use it for bearing numerous expenses related to treatment. It is basically taken for a long time by insurer, and when it comes to the coverage then it has limited coverage, which is mentioned below.

  • Aplastic anemia
  • Major organ transplant
  • Kidney failure
  • Open heart replacement
  • Major Burns
  • Deafness
  • End-stage liver disease

The process of claiming for a critical illness insurance plan

When there is the requirement to file a claim, then first you need to contact the insurance company for the registration of claim. In this procedure, you need a few documents such as a medical certificate, the detailed discharge summary, photocopy of ID proof, and claim form. After this, the company authenticates the documents. Once, they have checked all documents then they will approve or disapprove the claim according to the verification of documents.

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