Critical Illness

What is Critical Illness
List of Critical Illness
Why buy Critical Illness Cover
What’s the difference between Critical Illness and Health Insurance
Will I need to have a medical or tests as part of the application process
Is Critical Illness insurance in Dubai expensive
How to Buy a Critical Illness Insurance Plan
How to Claim a Critical Illness Insurance Plan
How much cover will I need

1. What is Critical Illness

Critical illness refers to a serious medical condition that may have a significant impact on a person’s health and well-being and often requires extensive medical treatment. Examples of critical illnesses may include cancer, heart attack, stroke, organ failure, etc. These conditions can be life-threatening and may cause long-term disabilities or other complications.

The expenses of the critical illness treatment can be covered by Critical Illness Insurance which provides financial protection to individuals in case they are diagnosed with a critical illness.

2. List of Critical Illness

List of Critical Illnesses that can be covered under the Critical Insurance cover are:

Aorta graft surgery – for disease and trauma
Aplastic anaemia – resulting in permanent symptoms
Bacterial meningitis – resulting in permanent symptoms
Benign brain tumor – resulting in permanent symptoms
Blindness – permanent and irreversible
Cancer – excluding less advanced cases
Coma – with permanent symptoms
Coronary artery by-pass grafts – with surgery to divide the breastbone*
Creutzfeldt-Jakob disease – requiring continuous assistance
Deafness – permanent and irreversible
Dementia (including Alzheimer’s disease) before age 65 – resulting in permanent symptoms
Ductal carcinoma in situ of the breast – with specific treatment (partial payment)
Encephalitis
Heart attack – of specified severity
Heart valve replacement or repair – with surgery to divide the breastbone
HIV infection – caught in a specified country* from a blood transfusion, a physical assault or work in an eligible occupation
Kidney failure – requiring dialysis
Liver failure – end stage
Loss of hands or feet – permanent physical severance
Loss of independent existence – resulting in permanent symptoms
Loss of speech – total, permanent and irreversible
Lung disease – end stage/respiratory failure – of specified severity
Major organ transplant*
Motor neurone disease – resulting in permanent symptoms
Multiple sclerosis – with persisting symptoms
Open heart surgery – with surgery to divide the breastbone
Paralysis of limbs – total, permanent and irreversible
Parkinson’s disease before age 65 – resulting in permanent symptoms
Primary pulmonary arterial hypertension – resulting in permanent symptoms
Stroke – with permanent symptoms
Systemic lupus erythematosus – of specified severity
Terminal illness
Third-degree burns – covering 20% of the body’s surface area or 50% of the face’s surface area
Traumatic head injury – with permanent symptoms

3. Why buy Critical Illness Cover

There are several reasons why one may choose to buy critical illness cover:

Buying a health insurance plan and critical illness is important for several reasons, including:

• Coverage for advanced medical treatments.
• Support for recovery.
• It provides crucial financial support and peace of mind to individuals and their families during a difficult time.

4. What’s the difference between Critical Illness and Health Insurance

There are several reasons why one may choose to buy critical illness cover:

Buying a health insurance plan and critical illness is important for several reasons, including:

• Coverage for advanced medical treatments.
• Support for recovery.
• It provides crucial financial support and peace of mind to individuals and their families during a difficult time.

5. Does a medical test is required while applying for critical illness insurance

It depends upon the sum insured amount of the Critical Illness & health condition of the member who wants to take critical Illness. However, these policies may still require you to provide detailed information about your age, height, weight, lifestyle, occupation, and medical history, as well as the medical history of your immediate family.

6. Is Critical Illness insurance in Dubai expensive

It is not expensive, the cost of Critical Illness in the U.A.E is very reasonable. Premium costs for personal insurance policies such as life and health insurance cannot be specified, As they are determined by a range of personal factors that are unique to each individual. These may include age, current health status, family medical history, lifestyle factors, occupation, and the level of coverage required.

7. How to Buy a Critical Illness Insurance Plan

Buying a critical illness insurance plan can be a smart financial decision to protect yourself and your loved ones against the financial impact of a serious illness. Here are some steps to consider when purchasing a critical illness insurance plan:

a. Assess your needs: Before purchasing a critical illness insurance plan, it’s important to assess your needs and budget. Consider factors such as your age, lifestyle, medical history, and family history to determine the level of coverage that would be appropriate for you.

b. Understand the coverage: Read the policy details carefully and understand what is covered and what is not. Look for exclusions, limitations, and waiting periods that may impact your coverage.

c. Choose the right plan: Choose a plan that provides coverage for the illnesses that you are most concerned about. For example, some plans may only cover cancer, while others may cover a range of conditions such as heart attack, stroke, and kidney failure also it can be a standalone critical illness cover or with term insurance or whole of life cover.

d. Research providers: Research different insurance providers and compare their plans, benefits, and premiums. Look for providers with a good reputation and a strong financial rating. We at InsureBazzar will help you to get the best competitive quote & company for your need.

Get quotes and apply; Once you have decided on a plan, we will get you a competitive quote from the insurance provider and you can choose the option which is most suitable as per your need. Be prepared to provide detailed information about your medical history and current health status.

e. Pay the premium: Once your documents and application have been reviewed and approved, you’ll be required to pay the premium amount in order to purchase the policy.

f. Review and update your policy: Review your policy regularly to ensure that it continues to meet your needs. If your circumstances change, such as a change in health or family status, you may need to update your policy to ensure that you have adequate coverage throughout your life.

8. How to Claim a Critical Illness Insurance Plan

If you have a critical illness insurance plan and need to make a claim, here’s what you should do:

i. Notify your insurer: Contact your insurance provider as soon as possible to inform them of the critical illness diagnosis. You can do this either by calling their customer service center or submitting a claim form via online.

ii. Submit required documents: The insurance provider will request certain documents to support your claim, such as medical reports and hospital bills. Make sure to provide all the requested information promptly to avoid delays in processing your claim.

iii. Wait for claim approval: The insurance company will review your claim and assess whether it meets the policy terms and conditions. If your claim is approved, the insurer will pay out the benefit amount according to the terms of your policy.

iv. Seek help if needed: If you have any questions or concerns during the claims process, don’t hesitate to contact us. We at InsureBazzar are happy to assist you with the claim process.

9. How much cover will I need

The amount of cover you need for critical illness insurance will depend on various factors, including your current financial situation, your medical history, and your lifestyle.

When determining how much cover you need, consider the following:

Debts and Expenses: Consider your outstanding debts and expenses, such as any mortgage payments, credit card bills, and living expenses. Make sure the coverage you choose is sufficient to cover these expenses if you become critically ill.

Income Replacement: Think about how much income you would need to replace if you were unable to work due to a critical illness. Consider how long you would need this replacement income to continue.

Medical Costs: Consider potential medical costs associated with a critical illness. You may want to factor in potential out-of-pocket expenses not covered by your health insurance plan.

Future Expenses: Think about any future expenses you may have, such as education costs for children or retirement savings, etc.

Lifestyle: Consider your lifestyle, hobbies, and occupation. Some critical illnesses may have a greater impact on your ability to work and enjoy your leisure time, so you may need additional coverage if you have a high-risk lifestyle or occupation.

It’s important to review your policy documents carefully and consider your individual needs when deciding how much coverage you need for critical illness insurance. At InsureBazzar our insurance advisor or financial planner will help you determine the appropriate amount of coverage for your needs.

By Kaizzen Plus Insurance Brokers L.L.C

Critical Illness