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Health Insurance Primers
Wednesday 05 December 2007
What is the difference between a Health Insurance policy and a Critical Illness policy?
Wednesday 05 December 2007
| A
health insurance plan would entitle the insured to be reimbursed in case of
hospitalization for any illness, disease or injury as long as it is within the
purview of the policy. The policy continues even after a claim has been made. A critical illness plan, on the other hand, provides cover for a pre-specified/defined set
of critical illnesses only; other diseases or injuries will not be covered.
Here, the insurer provides the insured with a lump sum immediately or within a
few days of the diagnosis of a critical illness. Typically,
the insurance plan ceases once the benefits have been paid to the insured, although a few
insurers offer to cover the insured for the remaining illnesses at a lower sum
assured and revised premium rates. See
also: What is the difference between a Critical Illness Rider and a Critical Illness Plan? Illnesses covered by Critical Illness plans When does the Critical Illness plan not cover the illnesses? Miscellaneous Health Insurance FAQs Health Insurance FAQs about Coverage Health Insurance FAQs about Claims Health Insurance FAQs about Premiums |
