Opinion | Should you buy a critical illness or a disease-specific plan?

Insurance policies that cover a single disease like cancer or heart ailment are becoming popular, given the high incidence rates of these ailments and the ensuing expensive treatment. These are seen to be replacing critical illness policies which were, typically, used to enhance the cover of a person who already had a standard health insurance policy. A critical illness policy pays a fixed sum if the policyholder suffers from one of the 20-30 specified diseases, including cancer and kidney failure. Neil Borate asks experts how to choose between a critical illness plan and a disease-specific insurance policy Critical illness plans safeguard future loss of income Tarun Chugh, MD and CEO, Bajaj Allianz Life Insurance Company Ltd. A single-disease plan, as the name suggests, provides benefit against specific or standalone diseases related to heart, cancer etc. Critical illness plans on the other hand cover an array of critical illnesses, giving customers more value for their investment. Read more here >>>

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