Critical Illness Insurance Policy FAQs

What is Critical Illness and Who Needs It?

Unlike common ailments that make you sick for a short while, critical illnesses have the potential to leave a debilitating effect on your life. These diseases not only affect your ability to work but can also be fatal to your life.

“Critical Illness” means an illness, sickness or a disease or a corrective measure like-

  • Cancer
  • Kidney failure
  • Coronary Artery (Bypass) Surgery
  • Heart Attack (Myocardial Infarction)
  • Heart Valve Surgery
  • Major Organ Transplantation
  • Multiple Sclerosis
  • Primary Pulmonary Arterial Hypertension
  • Aorta graft surgery
  • Paralysis
  • Coma
  • Total Blindness
  • Stroke

Why to buy Critical Illness Insurance Policy?

We at IFFCO Tokio have noticed that more than often people’s lives come crashing down in the case of a critical illness. For example, if an ailing father or mother does not critical illness cover, it becomes difficult for the family to continue paying for the education of the children. There are other instances when aging parents have been diagnosed with critical illnesses and the lack of critical illness insurance has resulted in their son or daughter having to borrow money to continue supporting the expensive treatment.

Our experience at IFFCO Tokio has shown us that critical illnesses can affect people beyond the obvious symptoms or costs. In many cases, the disease results in an employee becoming unable to work and a lot of people lose their jobs. In some cases, the disease might cause partial or complete disability which renders the person not suitable for employment in certain working environments. Critical illnesses can completely change lifestyles and routines and can often create roadblocks in the regular schedules of the caregiver or the family too. As we can clearly see, critical illnesses often result in avenues of income being shut down and this can make supporting medical costs even more difficult. People with prior critical care insurance and critical health insurance policies can handle such situations because they have a backup plan financially.

What are the Things to Keep in Mind While Buying Critical Illness Insurance Policy?

It is important that you understand what is written in those fine-prints before you sign the document. Understanding the scope, the limitations, and the objections would help you understand the scope of IFFCO Tokio’s online critical illness policy. It has no doubt all kinds of unique advantages and helpful benefits such as:

  • Serious illness
  • Covering of major terminal diseases
  • Monetary benefits so on and so forth

But like every insurance policy has a lot of limitations, critical care insurance is not devoid of it either. Making an informed decision can help you stay aware and cautious such that you do not give in to any kind of hoax schemes or agreements which might be up and looming around

We at IFFCO Tokio have come across several examples of entire families and individuals who have gone bankrupt while trying to treat a critical illness. Therefore critical illnesses and the importance of having a critical illness cover cannot be taken lightly. The possibility of hereditary illnesses occurring has increased manifold because of catalysts such as stress and unhealthy fitness habits and medical emergencies can occur at any point in time. A critical health insurance policy can also help us stay calm and handle the diagnosis of a disease better and it also helps us in reducing the added tension that comes with the possibility of a critical illness.

Do all insurance providers in India cover the same critical illnesses?

No, the list of critical illnesses covered differs from insurer to insurer. Our critical illness insurance plans cover 25 life-threatening illnesses, surgeries & medical events.

Are medical tests important to get critical illness cover?

No, we want to make it easier for you to enjoy critical illness cover. Therefore, we do not require pre-policy medical check-up if you are below the age of 50. 

How many times can I make a claim against my critical illness policy?

Enter page descrition