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Why Today's Working Women & Homemakers Need Critical Health Cover To Combat Heart Ailments
[Posted by: InsuringIndia Blog on 11-Mar-2016]
Often in India, women tend to ignore their cardiac health under the false impression that cardiac ailments like a blocked artery or heart attack can happen only to men. In fact, recent studies have indicated that women are equally and sometimes more prone to heart attacks as compared to men. 
Whether you're a homemaker or a working woman buying a critical health cover is the need of the hour because of several factors like stressed lifestyle, a family history of heart ailments or quite simply even a slim chance of a sudden heart related mishap. If you don't have a security net of a policy in such a circumstance then you're surely headed for troubled waters.
Thus merely going for a health cover may not be sufficient because it may not completely cover costs involved while treating a heart ailment. What you need to buy is a critical health insurance that will give you peace of mind and will not eat into your finances. 
This type of cover essentially, means that  if you're faced with incurring partial / total disability, loss of income, inflated medical expenses along with critical illness diagnosis, this policy is your best bet. You must opt for this after a certain age. This means that regardless of your already existing health policy which may be restrictive after a point in terms of expenses, most of your additional worries can now be dealt with, by the insurance company. Also, opt for a standalone policy for critical insurance. This is because it offers more flexibility in choosing the sum assured and larger covers when compared to riders which are clubbed with other policies. 
Depending on what type of critical health insurance policy that you choose, you will pay a fixed premium and avail benefits and compensation when required. 
It is most beneficial for breadwinners of the family, who cannot afford to take a risk with their health.
This policy is a boon for anyone with a family history of critical illnesses. 
Anyone who wants to safeguard their health can opt for this policy.
A critical illness policy pays a lump sum on the diagnosis of a serious / critical illness. 
You are still covered even if your critical illness doesn't require hospitalization.
Common critical illnesses covered include heart attack, stroke, cancer, paralysis, transplant of vital organs (heart, kidney etc), kidney failure, deafness, bacterial meningitis, end stage liver disease, end stage lung disease, bone marrow transplant, coronary bypass surgery etc.
Opting for a critical illness policy ensures tax benefits.
Recuperating and hospital costs are also covered. 
Your checklist for choosing the best critical illness policy should take into account low premium and waiting period and the sum that should be assured by the insurance company should be at least four times of your annual income. But your biggest denominator should be choosing a policy with an extensive coverage of critical ailments because that will be your biggest safety net.
 Always evaluate your future financial liabilities & how much are you willing to pay. 
While buying these polices always read the fine print and compare existing policies --premium, benefits, disadvantages, sops, terms and conditions--to see what suits your needs the best. It's always best to buy an insurance policy online as it saves time, is cost effective & is a transparent option.

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*This is based on the difference between the highest and lowest premium's for a single person, age 25, looking for an individual health policy with the sum insured of Rs. 5 lakhs.
**This is based on the difference between the highest and lowest premium's for a single person, age 25, looking for a term plan, with the sum insured of Rs. 30 lakhs, and the premium paying term of 30 years.
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