Critical illnesses such as hepatitis can strike anyone at any time. The cost of treatment for such illnesses can be huge and can lead to financial strain on the affected person and their family. Therefore, it is important to have insurance coverage that can help cover the expenses associated with critical illness treatment. In this article, we will discuss whether it is possible to get life insurance to cover hepatitis treatment and introduce you to a policy that provides coverage for 40 critical illnesses, including hepatitis.
Can you get life insurance to cover hepatitis treatment?
Many people wonder if they can get life insurance to cover hepatitis treatment. The answer is yes, you can get critical illness cover as part of your life insurance policy. Critical illness coverage is a type of insurance that provides financial protection against critical illnesses such as cancer, heart attack, stroke, and hepatitis. This coverage pays out a lump sum of money if you are diagnosed with a critical illness, which can be used to cover the costs associated with treatment, medication, and other expenses related to your illness.
Introducing Canara HSBC Life Insurance iSelect Smart360 Term Plan
One such policy that provides critical illness coverage is the Canara HSBC Life Insurance iSelect Smart360 Term Plan. This plan provides coverage for 40 critical illnesses, including hepatitis. Here are some of the features of the death cover:
Monthly income payout option
This plan provides the option to receive the death benefit as a monthly income instead of a lump sum payment. This can help provide a steady income for your family in the event of your untimely demise.
Lump-Sum payment for treatments
If you are diagnosed with a critical illness, you will receive a lump sum payment that can be used to cover the costs associated with your treatment.
Easy to manage policy
The policy is easy to manage, and you can easily keep track of your premiums and term insurance benefits online.
Adequate financial support against critical illnesses
This plan provides adequate financial support to help you and your family deal with the expenses associated with critical illnesses.
Protection against disabilities
This plan also provides coverage against disabilities caused by an accident or illness.
Extra funds for expensive critical illness treatment
If your treatment costs exceed the amount of your lump sum payment, this plan provides an extra 25% of your coverage amount to help cover those additional expenses.
The premiums paid towards this policy are eligible for tax savings under Section 80C of the Income Tax Act, 1961.
How to buy a critical illness cover?
To buy a critical illness cover, you need to first find a policy that suits your needs. Once you have identified a policy, you can apply for it online or offline. The insurer will ask you to provide some basic information such as your age, medical history, and lifestyle habits. They may also require you to undergo a medical examination to determine your health status. Based on this information, the insurer will provide you with a quote for the premium amount. Once you pay the premium, your policy will be activated, and you will be covered for the specified illnesses.
In conclusion, getting life insurance coverage that includes critical illness coverage is essential to protect yourself and your family against the financial burden of critical illnesses. The Canara HSBC Life Insurance iSelect Smart360 Term Plan is an excellent policy for this purpose.