Money Excel - Personal Finance Blog

Menu
MENUMENU
MENUMENU
  • Home
  • Business Ideas
    • 225 Small Business Ideas
    • 40 Online Business Ideas
    • 20 Business Ideas for Beginners
    • 20 small manufacturing business
    • 30 Food Business Ideas
    • 100 Business Ideas low investment
  • Stock Market
    • Best Demat & Trading Accounts 2020
    • Best Stocks 2020 by Experts
    • Best Virtual Trading Apps
    • Best Stock Screener
    • Best Discount Brokers in India
    • Multibagger Stocks of LockDown
    • Rakesh Jhunjhunwala Portfolio
  • Mutual Funds
    • Best Mutual Funds 2020-21
    • Best Direct Mutual Fund Platform
    • Best Mutual Fund Mobile Apps
  • Incometax
    • Income Tax Slab FY 2020-21
    • Income Tax Calculator FY 2020-21
    • Income Tax Refund Request
    • Pay Advance Tax Online
    • Download New 15G -15 H Forms
  • Investment
    • Best Investment Ideas 2020
    • Long Term Investment Options
    • Best Investment Regular Income
    • Best Investment Options NRI
  • Credit Card
    • Best Credit Cards 2020-21
    • Best credit card for online shopping
    • Best Forex Card in India
    • Best Business Credit Cards
    • Credit Cards against Fixed Deposit
  • Insurance
    • Best Term Insurance Plans 2020
    • Best Health Insurance 2020
    • Best LIC Policy 2020
    • Best Car Insurance Companies
    • Best Mobile Insurance Companies
  • Downloads
Home
Health Insurance
Critical insurance for critical illness with comparison

Critical insurance for critical illness with comparison

Raviraj Parekh August 16, 2020

Critical illness Cover

Most of us buy life insurance policy as assurance, that our family will get replacement of income in case of unfortunate death. But we hardly consider insurance policy for the replacement of our income when we are alive.

You must be thinking that what is need of replacing our income when we are alive?

You have ever thought about circumstances where critical illness and disability arises for you? Or the possibility of an accident where you might end up not being able to earn the money that you were earning till now?

Do not miss below posts -
  • Health Insurance Policies for Coronavirus (COVID-19) in India
  • Apollo Munich Optima Restore Health Plan – Truly Unbelievable
  • Comparison of 42 Health Insurance plans

You must be thinking that you have enough health insurance which will take care of this type of need.  Yes health insurance will surely take care of your hospitalization or medical need but due to this critical illness if you are unable to work this may be financial death to you. If you have purchased critical insurance plan then Insurance Company will pay sum assured in a few days after the diagnosis of any critical illness specified. This amount can act as replacement of income in this situation.

So Difference between Health insurance and Critical insurance plan is:-

Diffrence between health & critical insurance

Insurance company will pay sum assured in specified number of days after the diagnosis of any critical illness specified in the insurance contract, ranging from 30 to 90 days.

If a person dies in the 30-90 days waiting period, nothing will be paid by insurance company.

Before buying any critical illness plan you should look at the illness covered by the policy. Buy policy which is covering maximum number of illness. To help you we have made comparison of various critical illness policies available in market.

critical health
Click on image to enlarge

Critical illness insurance is critical insurance you must look for.

Do not miss below posts -
  • Health Wallet by Apollo Munich – Should you purchase?
  • Covid Health Insurance – 10 Things to Consider Before Buying …
  • Corona Kavach & Corona Rakshak – Health Insurance Policies

Some insurance companies provides policy with dual benefit of life insurance & critical illness rider. If you are planning to take life insurance policy or if you are under-insured, take a term policy with critical illness cover.

If you are young and healthy, do not wait. Get adequate life and critical illness cover ensuring that neither you nor your family suffers from any kind of income loss.

Prev Article
Next Article
Tags:best critical illness Critical critical cover critical illness critical illness comparison critical insurance plan helath insurance illness insurance mediclaim

About The Author

Raviraj Parekh

Raviraj is the man behind moneyexcel.com. He is PGDBA, engaged in blogging for 10 years. Moneyexcel blog is ranked as one of the Top 10 Personal Finance Blog in India. He is not affiliated with any financial product, service provider, agent or broker. The purpose of this blog is to spread financial awareness and help people in achieving excellence for money. Please note that the views expressed on this Blog/Comments are clarifications meant for reference and guidance of the readers to explore further on the topics. These should not be construed as investment advice or legal opinion.

Leave a Reply

Cancel reply

IIFL Demat Account

Search

Top Posts & Pages

  • Rakesh Jhunjhunwala Portfolio Holdings - January 2021
  • Income Tax Calculator FY 2020-21 (AY 2021-22) – Excel Download
  • Cash Deposit Machine Locator – How to find CDM Near You?
  • How to check Property Records and Land Records online in India?
  • 20 small manufacturing business ideas with low cost
  • 225 Small Business Ideas with Low Investment in 2021-22
  • LIC Premium Paid Certificate Download For Income Tax Purpose - Online
  • 10 ways to Convert Black Money to White
  • Top 60 Manufacturing Business Ideas
  • 40 Small Business Ideas with low investment

Subscribe to Blog via Email

Join 5,474 other subscribers

Follow MoneyExcel

Money Excel – Personal Finance Blog

Personal Finance Blog
Copyright © 2021 Money Excel - Personal Finance Blog
| About |Downloads | Contact Us | Sitemap | Disclaimer | Privacy Policy |