Everyone dreads getting sick due to a number of reasons. Having the usual health insurance may make you believe that your medical bills are sorted. However, this may not be the case because you will be asked to cater for other expenses like surgeries which may be costly to you. However, a critical illness insurance is the best cushion for all illnesses that are likely to cost quite much to treat. You should understand the provisions of the policy before agreeing and signing the contract. You can read more here on what you are likely to benefit with by having a critical illness insurance cover.You are encouraged to read more here on the advantages of this insurance cover.
This insurance cover will pay for all your medical expenses by giving you a lump sum of money to pay for critical illnesses like kidney failure. Normal health insurance covers are limited in the number and intensity of medical illnesses the beneficiary is suffering from, which isn’t the case with a critical illness insurance. However, critical illness insurance is important because you will not spend even a single cent for your medication. Due to the fact that your insurer will pay all your medical bills, you will have saved your money as you will not spend any amount. Thus, this cover will be really helpful to you in case illnesses strike when you don’t have money.
Provided you have the critical illness insurance cover, you will not be required to raise or borrow as a single penny to pay the bill. The treatment of a critical illness that you are suffering from, should not take all your money and leave you broke. There are people who used to have a lot of money, but are now filing for bankruptcy, because they had to pay all the money to hospital bills due to critical illnesses. There are many people who have lost their lives, or are being hunted down by debtors for defaulting to pay the money they borrowed to pay for their treatment. In some hospitals, medical care is terminated once you are unable to pay and you may lose your life in the process. It doesn’t matter how huge your medical bill gets, the insurance company will pay for it all, hence you can be sure to fully recover from your ailment.
Another advantage of this cover is that you can make payments easily and only few steps are involved in making payments. The terms are also flexible and you are allowed to pay in intervals that you are able to pay consistently. There is also no limitation on the type of critical illness you are diagnosed with. Provided the condition you are ailing from is critical, you only need to make a claim and your bill will be sorted wholesomely.