Blog

Critical illness is something none of us want to think about, but it is a reality that some of us may have to face at some point in our lives. Before they turn 65, up to 25% of adults will develop a critical illness. All UAE citizens have health insurance policies that include hospitalisation for critical illnesses; yet, health insurance is insufficient. There are many uncovered expenses, such as unpaid sick time, limited access to specialists' services, and co-payment.

What is Critical Illness?

Critical illnesses, also known as "dread diseases," are those that are classified as catastrophic or life-threatening. This category includes illnesses like heart attacks, cancer, strokes, comas, multiple sclerosis, bypass surgery, etc.

You'll have to spend a lot of money on continuous diagnosis, hospitalization, treatment, dialysis, medicines, and doctor's fees. So, how do you handle this challenging sort of situation? The option is to get a thorough critical sickness insurance plan. It can safeguard you against monetary loss. It is quite important to choose the appropriate critical illness insurance policy.

Critical illness insurance will help a person in an emergency while they are suffering from a critical illness. There is a great deal of financial strain on the patient due to their medical condition. Insufficient funds would cause a patient tremendous mental stress at that point. This cover pays off your bills partially/completely depending on the cover you opt for.

Is It Worth Buying Critical Illness Insurance?

The following are the primary reasons for recommending critical illness insurance:

• To ensure both your family's safety and your financial future.

• To lessen the financial strain caused by expensive treatment or care.

• To guarantee that you and your family can fulfill any upcoming or existing obligations, such as paying for college or a wedding.

How Do Critical Illness And Health Insurance Differ From One Another?

Health insurance in Dubai covers medical costs such as prescription medication, essential treatments, specialist consultations, and hospitalizations. Both direct billing and reimbursement methods are available through Coverage (your insurer receives hospital bills directly, so you only have to pay the applicable excess.). Upon diagnosis of any of the illnesses listed, critical illness policies are benefit plans that pay out a lump sum that may be used as you see appropriate (towards certain expenses, income replacement, etc).

Tips On Choosing The Best Critical Illness Insurance Policy

Here are some crucial suggestions for choosing a critical illness insurance policy.

Seek for providing a broad coverage

You should search for the critical illness coverage that gives you the most coverage while you are looking at a health insurance broker in Dubai. A good critical illness policy should cover pre- and post-hospitalization costs, diagnosis costs, treatment costs, and pharmaceutical costs.

Some of the privileges that you should also receive with your CI cover include organ donors, daycare services, dialysis coverage, ambulance coverage, and professional advice.

Validate Exclusions

Check the insurance company's list of exclusions before purchasing the CI plan. It is important to understand that exclusions are those circumstances that are not taken into account by the insurance provider. Learn what the restrictions are if you are unable to submit the claim. Care Critical Illness provides the broadest coverage with the fewest exclusions.

Inquire about a waiting period

The waiting period is the length of time during which the insurance is payable. Before purchasing a critical illness plan, it is advisable to request a waiting period. 

For pre-existing diseases, it is for 48 months, and for critical illnesses, it is after 90 days after the start of the insurance period. You should therefore take into account the CL plan with a short waiting period.

Sub-Limits

One of the key aspects to think about when purchasing a critical illness plan is the sub-limit. It comes in two varieties.

• One is a sub-limit on the rent for hospital rooms and 

• Another one is a sub-limit on particular ailments.

Hence, depending on your budget, you can choose an insurance plan with sub-limits. You should read the sub-limit clause of the CI policy to ensure a hassle-free claim settlement.

Evaluate the Age

While choosing a critical illness plan for you or a loved one, you should also take into account the maximum renewal age. Certain health insurance companies in Dubai provide CI policies up to a certain age, and in some plans, you are only allowed to be as old as 60. The Care CI plan provides lifelong coverage for senior citizens.

Takeaway

A critical illness insurance policy is an addition to your health insurance that takes into account the unpredictability of life. Take care of your investments and live a peaceful life!