You might be confused whether to opt for Health insurance or Critical Illness cover or buy both or may be nothing. Yes, there are so many people who sail in the same dilemma. But, there is nothing to get confused, because, both are different products and have unique features.
This article will highlight what exactly Health insurance and Critical Illness cover means and their differences too.
Offeringan exhaustive scope of coverage is the main feature of health insurance plan. Say for example, organ donor expenses, in-patient hospitalization, pre and post hospitalization, day care treatments, ambulance costs, etc. are some of the expenses that a health insurance may offer. In short, all the expenses related to a medical emergency that requires emergency hospitalization would be taken care of.
Critical illness plans offers protection for certain illnesses that are mentioned in the policy contract. In case you get diagnosed with any such illness under the scope of the policy, a lump sum amount is paid that is usually equal to the Sum Insured that you have opted for.
A critical illness plan may be a type of health insurance plan however there are differences when you actually go to compare it to a health insurance plan. Mentioned below are some of its differences:
Hope the confusion of how a critical illness plan as well as a health insurance plan are different from each other is resolved. So, what are you waiting for? Which one do you think would be your best buy?
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