Page 354 - Ebook health insurance IC27

The Insurance Times

Q. What is the benefit of Critical Illness Insurance?
Critical Illness Insurance provides you and your family, theadditionalfinancial security
on diagnosis of a critical illness. The policy provides a lump sum amount which could
be used for:

n Costs of the care and treatment;
n Recuperation aids;
n Fund for a change in lifestyle.
n Payment of Debt ;
n Any lost income due to a decreasing ability to earn;

Q. Can I make multiple claims for same or any other listed Critical illnesses?
No, you can make only one claim during the lifetime of the policy.

Q. Why does one need an individual health insurance policy though his employer
covers him under a group plan?
Corporate Health cover will be available to you only till you are part of the company.
Also, it might be available only to a specific amount. It might not be sufficient when
a medical contingency occurs. Hence it would be advisable to go for an individual
health insurance policy.

Your Company will cover your medical expenses only as long as you are in his
services. When you change your job, retire, or even start something on your own,
you and your family will be stranded if a medical emergency arises and you have not
arranged for an alternative health insurance policy. It is at this point of time that
Family Floater Health Insurance policy will come to your rescue. And if you take

358 Guide for Health Insurance