While you are undergoing treatment or recovering for an extended period of time, you will still have to pay your health insurance premiums.
2. Youll pay insurance, rent or mortgage, credit card bills, school tuition, real estate taxes, food and utilities, the cash replacement for a spouses’ income, while caring for the insured.
Difference between health policy and Critical Illness policy
1. Most health insurance policies come with deductibles and co-pays and are not sufficient to cover critical ailments.
2. Further, prescriptions are not just costly, they are rarely fully covered.
Hence, its important that you take a critical illness policy along with the health policy.
Since it is a benefit policy, CI policy will ensure that the moment you are diagnosed with a covered condition, the full benefit amount will be provided to you at one go, provided you survive the waiting period.