Are Health Insurance Policies Enough to Cover Medical Emergencies?

Times are difficult with high expenses – one can never be too prepared. It is wise to cover all the bases that is why taking a critical illness policy along with a health insurance policy is prudent.

Ratnesh Verma had a medical cover for himself and his family – his wife and 2 school going children. He was diagnosed with a serious heart ailment and his medical policy did cover his hospitalization expenses but he was unable to work for some time and could not take care of his family’s expenses. This scenario is quite familiar and can be especially devastating for the family.

A health plan can take care of unforeseen medical expenses; a critical illness cover will provide an additional buffer to help the family tide over the period of crisis.

Critical Care Health Insurance Plan
A critical illness policy is exactly what it says – it is used for when you are critically ill and your health policy may not be enough.

A critical illness policy covers six to 12 diseases diagnosed after buying the policy, though the list may differ from insurer to insurer. Besides hospitalization and medical bills, it also takes care of other incidental expenses, such as postoperative care, travel and boarding. It can also supplement income while one is recuperating.

Most people fail to understand that mediclaim or health insurance policies, and critical illness plans are two entirely different products that are designed to serve different purposes. Both policies are different in nature and, hence, one cannot be a substitute for the other. However, when taken in conjunction, they can boost one's health insurance cover.

Reference: Economic Times

National Insurance � Health insurance Policy for Senior Citizens
This policy has been designed to cater to the needs of Senior Citizens. It covers Hospitalization and Domiciliary Hospitalization Expenses under Section I as well as expenses for treatment of Critical Illnesses, if opted for, under Section II.

Source-Medindia

Oriental Insurance - Senior Citizen Specified Diseases Insurance
The Oriental Insurance Company’s Senior Citizen Specified Diseases Insurance is solely designed for senior citizens, providing insurance benefits of Rs. 5lakhs.

Risk of Psychological Problems Increases With Critical Illness
While more and more people survive critical illness and accidents, the hospitalization where the patient has received mechanical ventilation can have serious consequences, shows a survey.