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Why Should You Add Critical Illness Insurance In Your Current Policy?

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Degrading environmental conditions with an unhealthy lifestyle are the common factors contributing to the rise in life-threatening diseases. In today’s time, everyone is prone to critical illness, and in 2020, more than 17.3 lakhs of new cases were registered of cancer, according to ICMR. It shows the need to add critical illness insurance with the current policy. Heavy Smoking Causes 28 Severe Health conditions

Reasons to Add Critical Illness Insurance to Your Current Policy

Here are a few reasons explaining why you should consider adding it.

  1. Critical illness is a reality.

Dangerous diseases like liver failure, cancer, heart attack, kidney issues are common among people. But with time, critical illness has a reality irrespective of you being young or old. The reason behind this is it can be due to poor food choices, unhealthy lifestyles, lack of exercise, etc. Also, age-related and hereditary issues are there that can endanger your life. In such situations, having critical illness insurance to your policy will cover all your expenses.

  1. Possibility of quick treatment

When a person is diagnosed with a critical disease, it is essential to stay positive. Considering the continuous advancement of medical treatment, it has been possible to cure diseases, such as cancer. Simultaneously, quick treatment is the first step to proceed towards healing. Also, you can take suggestions from two to three doctors without worrying about the costs. In short, while receiving quality medical treatment, handling huge medical bills will not be a matter of concern for you. What to Do After You Have Had a Car Accident?

  1. Continuous increase in the healthcare cost

The healthcare cost is one of the reasons why you should consider opting for Critical Illness Insurance. According to reports, the cost of healthcare expenses will increase by twice. It is a heavy financial burden on families, and in case of a dangerous illness, you may have to spend all your savings. By adding insurance to your policy, you can ease the financial burden to a great extent. It will help you get the right treatment without worrying about medical expenses.

  1. Tax benefits

Tax benefits are one of the main reasons to opt for critical illness insurance. You are saving the tax while paying for the policy, and when a claim is made, you will receive a high amount, and it is tax-free. Remember, once you have been diagnosed with any critical illness, you cannot take up the scheme. Thus, it is better to opt for the plan before.

  1. International treatment aspects

With the right Critical Illness Insurance, you have the flexibility to get treatment from international countries. It will help you get the treatment, and you will recover soon. So, it is always better to add the scheme to your insurance policy before it’s too late.

Opt for Critical Illness Insurance

While considering the insurance policy, look at the illness covered by it. Different policies have different specifications, and the perfect policy will give the right balance between the perks and costs. The need to have this policy is increasing at a rapid pace, and considering the present lifestyle, you should have one definitely. It’s time to add critical illness insurance to your policy and relax.

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