Critical illness insurance pays a fixed amount in a single transaction that covers all of your medical treatment expenses such as hospitalisation, medical care and treatment and recuperation. You should consider getting critical illness insurance as it:

• Covers major illnesses such as cancer, paralysis, heart attack, bypass surgery, major organ transplantations and sclerosis, which are usually excluded from a regular health insurance policy
• Offers you a lump sum amount that can also be used to cover household expenses and to pay off any debts incurred
• Allows you to focus solely on your treatment and getting better rather than worrying about arranging funds while also managing your household expenses
• Covers treatments taking place in India and abroad
• Provides tax benefits under Section 80D of the Income Tax Act

A critical illness can cost you a lot more than you can afford. Ensuring that you choose a policy that covers your needs and doesn’t leave you underinsured is crucial. Consult with your family doctor to clarify any doubts you might have.

Here are some key factors to help you determine your critical insurance coverage needs:

• The total number of illnesses covered
• The initial waiting period, survival waiting period and the waiting period between claims
• The insurance premium and tenure
• The family history, annual income, age, rising medical costs and potential loss of income due to the disease to determine the coverage amount

Understand what each policy has to offer and what's excluded from the coverage before making a decision. Insure Efficient can help you make insurance comparisons and choose from a wide variety of quotes from the top insurance providers in India. Simply tell us about your requirements and tap into our resources to choose the right policy.