Posts

Showing posts from January, 2021

What is Critical Illness Insurance? Should I Buy It?

  A critical illness Woodstock insurance offers coverage against life-threatening diseases such as renal failure, cancer, liver transplant, etc. The compensation is provided in a lump sum upon diagnosis of a critical illness that is covered under the health plan.  This lump sum amount can be used to pay for expenses incurred on the medical treatment. In most cases, there is a survival period of 30 days and the claim is settled on completion of the survival period. Advantages of  buying Critical Illness Insurance in Woodstock Payment in a Lump sum– The insurer pays the full sum insured in lump sum regardless of your hospitalization cost. You can use this to pay off the cost treatment cost, pay off any debt and recuperation expenses Easy Claim Process– Hospitalization is not essential and the claim can be processed based on the diagnosis reports ( in most cases) Lesser Waiting Period– The waiting period is usually up to 3 months ( in most cases) Avail Tax Benefits– Criti...

Why should you get a Critical Illness Insurance in Kitchener?

It’s a fact that over 10 million cases of heart diseases are recorded annually in India. People that fall into the age group of 19-40 are at an increased risk of developing heart conditions. Our changing lifestyles and habits have made us more susceptible to such critical illnesses. We tend to be exposed to a good amount of stress, bad eating habits, and irregular sleeping patterns that contribute to poor health. Cancer, heart disease, and stroke come under the commonly faced critical illnesses, Kitchener. It's essential to think about critical illness insurance in Kitchener regardless of your age. To know why you should include a critical illness plan while checking various critical illness insurance options, you want to understand what critical illness insurance Kitchener plans are. Here are some salient features to know about: What does critical illness insurance in Kitchener cover? A critical illness plan covers a variety of diseases that are defined as critical health problem...

Critical illness insurance in Kitchener

Critical illness insurance Kitchener provides protection to policyholders against serious diseases, which require expensive treatment procedures. Heart insurance is one critical illness insurance that provides coverage in case of cardiovascular diseases, while other forms of critical illness insurance include coverage for cancer no matter the stage it's diagnosed at. Like all insurance policies, it's essential to avail a critical illness insurance plan in Kitchener before the necessity for it arises. At the time of being diagnosed with a critical disease like a stroke, heart insurance ensures a seamless process of settling the large bills that happen at the time of treatment. It helps the family save costs and tons of mental stress. Read on to find out the advantages of getting critical illness insurance in Kitchener- 1. Lower Premiums: Insurers will allow younger policyholders to pay less costly premiums because their health is best , and that they have a lower probability of...