We are all humans. Hence, illness is a part of life. Whether small illnesses like fever or cough or large illnesses like cancer. At some point, everyone deals with some sort of illness. The problem is not with illness; rather, the expenses are a big deal. This is where Critical Illness and Disability insurance help.
Advantages Of Critical Illness And Disability Insurance
Critical illness insurance has many advantages, especially for unexpected situations; here are some of them.
Critical Insurance Covers Specific Diseases
Normal health insurance covers small diseases such as fever, flu and accidents. These diseases don’t require much money for treatment. However, critical insurance requires larger payments. For example, you need regular chemotherapy sessions if you are diagnosed with cancer. These sessions are expensive compared with regular treatment.
Disadvantages Of Critical Insurance
With all things good, there are always bad sides to them. The same is the case with critical insurance. There are many disadvantages of critical insurance. I elaborate on these below.
Doesn’t Cover Inherent Conditions
The biggest problem with critical insurance is that it doesn’t cover the already present medical conditions of the patient. This is where clients misunderstand critical illness. Critical illness insurance is only available for sudden illnesses which the patient faces. Hence its the responsibility of sole proprietors to inform clients of the differences in policies. Therefore, it’s good to consult your insurance employer before deciding.
This Blog was originally published on https://insurance.mbeforyou.com.
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