Is Critical Illness Cover Worth Buying Separately?

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You can buy critical illness coverage separately, which is often a prudent decision. If you use only riders, your coverage might be limited to your base policy. With a separate critical illness plan, you can enjoy a higher sum assured and a lump sum reimbursement when you are diagnosed.


This will help you handle your treatment, recovery, and finances more effectively. If you have a stressful life, a family history of illness, or more financial responsibilities, it might make sense to buy separate critical illness insurance. Keep reading to know more.


Why Should You Opt for a Separate Critical Illness Insurance?


You can consider a separate critical illness insurance plan when you require better financial protection from health complications. It benefits you in case you belong to families with histories of such diseases as cancer and heart disorders, when you have an inactive lifestyle accompanied by stress.


Who Should Buy a Separate Critical Illness Policy?


The following individuals can consider availing a separate critical illness cover for enhanced financial and healthcare protection:


People above 40 Years of Age


As you grow older, the risk of developing serious illnesses increases significantly. A separate critical illness policy ensures you are financially prepared for any medical problems that arise.


It is also a smart choice to buy it in your 30s, since lifestyle-related health problems are becoming more common at younger ages.


Individuals Who Have a Family History of Critical Illnesses


If you have a family history of certain illnesses, the likelihood of developing them may be higher. A critical illness policy serves as a financial shield, helping you handle expensive treatments without stress. It also gives you peace of mind knowing you are prepared for potential health risks.


Persons Who are the Breadwinners of their Family


If you are the sole breadwinner of your family, it is quite obvious that you directly support your family's financial stability. Having a critical illness policy ensures that even if you are unable to work due to a serious illness, your family’s financial needs are taken care of without added burden.


Illnesses Included in Critical Illness Insurance Plans


In general, critical illness insurance plans include coverage for these illnesses:



  • Cancer up to a certain stage

  • Open heart valve replacement or repair

  • Heart attack (first occurrence)

  • Open-heart coronary artery bypass graft surgery

  • Coma of particular severity


Exclusions in Critical Illness Insurance Plans


Typically, critical illness plans do not cover the following:



  • Diagnosed with critical illnesses during the waiting period

  • Critical illnesses caused by smoking, tobacco, alcohol, or drug use

  • Death occurring before the survival period ends

  • Critical illnesses arising from external congenital disorders


Opting for a separate critical illness policy can immensely enhance your overall financial and medical protection. It fulfils the gap left by a regular healthcare plan by covering long-term and high-cost treatments.


With a lump-sum payout and broader coverage, you will gain flexibility and peace of mind in serious health situations.