Few important measures before purchasing critical illness insurance

You can never be sure of your health whether it is going to be same in the future like it is today. It is therefore very much essential to have critical illness insurance in case to stay secured if you suffer from any critical illness in the future. You cannot protect yourself from the diseases but you can always take precautions. The critical illness cover will help you to be tension free if you suffer from any illness. These plans cover several illnesses and when you claim, it will pay for the diagnosis and treatment of the illness. You at least won’t have the headache of the expenses during your treatment.

However, when you opt for buying these kinds of policies you should always ask your broker for few general details. Amount of the insurance that you want to buy and the age of policy holders are different for different companies. So, it is always better to ask your broker about various policies and choose the policy that suits you the best and will be advantageous for you. Ask them about the amount of coverage and the premiums. There are different types of premium and it is necessary for you to choose the premium that suits your budget and anticipated risks. There are few policies that have options for refund too, that is, you can obtain your premium back if the claim is not made. It is very important that you are provided with the standard medical condition coverage by the insurance company. Heart attack, stroke, coronary artery bypass, cancer, kidney failure, organ transplant, major organ failure on waiting list, multiple sclerosis, blindness, deafness, coma, Alzheimer's disease, Parkinson's disease, speech loss, loss of limbs, paralysis and so on are few examples. Find out the time required for being eligible to claim. This is important because the time condition varies from company to company.

You can get critical illness cover quote either from the company or from different websites. There are websites that will provide you with the critical illness insurance quote if you provide them with details like the range of the assured range, your age and the time period. You can combine your critical illness insurance with your life insurance policy or term assurance policy, if you plan to buy any accommodation which is called bolt-on benefit. Hence, be careful and enquire all details before you sign the dotted line.