Serious Illness Insurance
Serious illness insurance is very important for a person's life. Unfortunately, it is difficult to predict whether we will be affected by any disease. And even leading a healthy life, some diseases can appear. With that in mind, insurance for serious illnesses tries to alleviate the impairment of quality of life. It gives security to the insured and his family in these situations. Get to know him better!
Insurance statement for serious illness
A serious illness can affect young people and adults. But some diseases appear more commonly in older people. In general, they are people with financial responsibility for the family. For them, insurance for serious illnesses can be critical. This would avoid inconvenience at such a delicate moment.
For the youngest, it provides financial support to maintain treatment for a serious illness. Otherwise, they can jeopardize the family's finances.
Purchasing additional drugs and alternative treatments may be covered by your critical illness insurance claim. Therefore, there is no specific target audience for it.
Critical illness insurance coverage
Serious illness insurance is not an insurance staple. It is additional protection. Upon diagnosis of any serious illness provided for in the policy, the insurer pays the indemnity. To be entitled to payment, the disease must be diagnosed after the grace period.
But what are your coverages? See below for the main ones.
Cancer
Different types of cancer are part of insurance coverage for serious illness. This includes leukemias and malignancies in the lymphatic system. However, there are relevant exceptions. The first of these is cancer pre-existing at the beginning of individual coverage.
Non-invasive cancers are also not covered, as are tumors or lesions described as pre-malignant, malignant melanoma with a low degree of tissue invasion, early-stage prostate cancer, skin cancer other than malignant melanoma, and malignant tumor in the presence of any human immunodeficiency virus.
Stroke
The well-known stroke is one of the serious illnesses covered by insurance. However, the brain hemorrhage cannot be caused by a brain tumor, accidents, brain surgery, or ophthalmic artery obstruction that results in neurological damage. Nor are neurological symptoms caused by migraines covered.
Acute myocardial infarction
Another serious illness covered by insurance is acute myocardial infarction (heart muscle). Out of coverage:
Angina pectoris: chest pain caused by low supply of oxygen and nutrients to the heart muscle;
Angina decubitus: chest pain that occurs when a person is lying down, but for no apparent reason.
Other acute coronary syndromes.
other diseases
Critical illness insurance still has coverage for:
Alzheimer's;
Chronic Kidney Failure;
Loss of Vision;
Hearing loss;
Speech loss;
Parkinson's;
limb paralysis;
Multiple sclerosis;
COPD (Chronic Obstructive Pulmonary Diseases);
Coma from Head Injury;
Anatomical Brain Injury;
Severe Liver Diseases;
Chronic Pancreatitis;
Aplastic Anemia;
Severe Burns;
osteomyelitis;
Motor Neuron Disease;
Organ transplantation (heart, bone marrow, liver, kidneys, pancreas or lung).
It is important to note that insurance for serious illnesses is paid when the first definitive diagnosis of one of the illnesses occurs. This means that if the insured receives the indemnity only once. Upon receipt, the warranty is permanently void. If more than one serious illness occurs, he will only receive the first one.
However, he can choose to take out new insurance, respecting the rules laid down for each insurer.
To find out exactly what the insurance coverage for serious illnesses is, the interested party should read the insurance companies' proposals.