blogs

A decent health insurance coverage might be one of the finest investments you can make, since it will cover your medical bills in the event of a medical emergency. Through cashless claims, health insurance has been a lifeline to many families during the tough times of covid19. 

When it comes to health insurance, it's natural to think of common illnesses or diseases, but it's also important to think about severe illnesses. An unanticipated sickness can bring financial hardship for your family as well as mental pain. It is for this reason that serious diseases should be treated with care from the start, since they have long-term effects and can result in financial losses that affect the entire family. Life-threatening conditions or medical conditions that cause increasing expenses include heart attack, cancer, organ transplants, and third-degree burns. Unexpected onset of a serious illness can lead to financial hardship and income loss, further leading to severe pain and mental agony. It may even wipe out your savings. 

Therefore, you need a health insurance in the event of a serious medical emergency, for which insurance companies offer critical illness rider or critical illness cover. Heart attacks, cancer, organ transplants, and third-degree burns are examples of life-threatening or medical problems that result in increased costs. The emergence of a major disease without warning can result in financial difficulties and loss of income, as well as extreme pain and emotional anguish. It might potentially deplete your funds. As a result, in the case of a catastrophic medical emergency, you'll require health insurance, for which insurance providers offer critical illness riders or critical illness coverage. 

A single policy can also provide coverage for essential diseases. The critical illness rider can be added to an existing insurance policy, and it can cover critical diseases as a separate policy or as a rider. If you're having trouble deciding between a standalone policy vs critical illness rider, In Paybima's blogs, you may learn about the differences and comparisons.

https://blog.paybima.com/standalone-policy-vs-critical-illness-rider-what-to-choose/