Due to our changing lifestyles, people are falling prey to many ailments. Diabetes is one of the most common ailments, which has seen a rise due to the change in lifestyle and eating habits. Diabetes once upon a time was detected among the older people; however, it has now become prevalent among young adults and children. Diabetes is one of those ailments, which require serious attention as it may further lead to many other ailments, ultimately giving you a difficult time to cope with the medical expenses. It is one of those diseases which can give you a tough time to deal with your medical expenses. In order to safeguard you from the high medical expenses, investing in a health insurance plan becomes a necessity. Over the years, insurance companies now realize the importance and need to provide cover for ailments such as diabetes which diminishes the financial stress from your mind.
Instead of waiting to invest in a good health plan, why not invest in one today? The earlier you plan to invest in life; the lower will be the premium to pay, is it not a great deal? At your early age, the severity of such ailments is less or it is less likely to strike you.
Before investing in a plan to get a cover for Diabetes, you must consider pondering once on the below points:
Pre- existing diseases and waiting period:
An ailment a person suffers from at the time of buying a policy is termed as pre- existing disease. Majority of the insurance companies exclude the cover for pre-existing diseases during the waiting period.
Premium loading:
Depending on the severity of your disease, insurance companies at times increase the premium amount. This is a great deal if you think from a larger perspective and will help you pay the high medical bills.
Claims:
There are two ways in which claims are processed- cashless method and reimbursement. This comes into picture once the waiting period for the pre-existing disease is over.
HDFC Life gives you the flexibility to choose your policy and premiums and also lets you enjoy tax benefits on your health insurance. If you have not yet invested, buy health insurance now to safeguard yourself from financial stress at times of dire need.