Medical Insurance Plans That Cover Critical Illnesses: All You Need To Know

Protection against critical illness can be taken up in two ways: as a standalone policy, or as a rider with a medical/life insurance plan

Many individuals end up subscribing to a health plan without due diligence only to claim income tax benefits on the premium paid.

By assessing his or her financial position and requirement closely, one can plan and financially prepare against medical emergencies through a medical insurance plan.

A health insurance claim protects an individual from the prospect of large financial burdens resulting from an accident or illness.

Under a medical insurance policy, insurer reimburses the expenses incurred by the policyholder on illness and injury, or pays care provider directly.

Health risks and uncertainties are a part of life. One cannot plan and get sick but one can certainly be prepared for the financial aspect. One of the ways to be financially prepared against uncertain health risks is by buying health insurance.

Riding on roads can often be unsafe too. Hence, it is always advisable to take a two-wheeler comprehensive insurance cover. In India, according to the Motor Vehicles Act, it is also mandatory that all vehicles must have a motor vehicle insurance cover.

Today, as travelling and exploring distant destinations is fast becoming a fashion, there has been a tremendous increase in the collateral associated with it. While travelling, travel insurance policies play a crucial role. Uncertainties occur at any time and you must be prepared for them.

If convenience is of prime concern to you, the best way to buy a car insurance is to go online for a new policy. However, before finalising an insurance policy, you ought to compare policies offered by different insurers so as to grab the best deal.

Insurance experts emphasise on the importance of due diligence before taking call on a motor insurance policy. Besides, choice of insurer can also determine a policy experience in terms of factors such as premium, service, deductibles and add-ons.