Diabetes is a disease that affects millions of Indians. It can be difficult to manage the physical and financial consequences of living with the disease. Since health insurance for diabetic patients is a specialized plan that will provide rapid and comprehensive coverage for any complication or sickness related to diabetes, it will be well worth your money to invest in this insurance policy.
Here we have a list of things you need to consider before you buy health insurance for diabetic patients. Let’s take a look at them!
What to look for while buying health insurance for diabetic patients?
1. The benefit of a 100% restoration
Look for diabetes-specific health insurance in which allows you to restore the sum insured once you have made a claim. Health insurance for diabetic patients that recovers your basic amount insured for future requirements after partial or complete consumption of your existing sum covered can be an ideal choice.
2. No Claim Bonus
Health insurance for diabetic patients is worth choosing, if you do not claim during the policy year, it will provide a No Claim Bonus in the form of the increased sum insured or discounts on premiums.
3. Examine your health
With its preventive health check-up, health insurance for diabetic patients helps you keep track of your health state. This frequency of check-ups depends on the insurer and the particular policy.
What does Health Insurance for Diabetic Patients Cover?
Diabetes has become a highly frequent disease in recent years. This is a chronic ailment that refers to a condition in which the body’s blood sugar levels are too high. Although treatable, this sickness puts a person at risk for various health problems such as heart attacks and organ damage. A diabetic person should protect oneself with health insurance for diabetic patients because of healthcare expenses associated with the disease.
All of the complications linked with diabetes are covered by health insurance for diabetic patients, including strokes, kidney damage, vision loss, and limb amputation. If you are a diabetic and have such a problem, health insurance for diabetic patients will cover the costs of your treatment.
How to Claim Health Insurance for Diabetic Patients?
Diabetes is a long-term ailment that affects a person’s entire life. Diabetes is deemed a pre-existing illness under health insurance for diabetic patients’ contracts because it can lead to other ailments such as heart attacks and organ damage. It’s because if you have diabetes, your risk of developing other ailments rises as well.
If you already have diabetes when you get health insurance for diabetic patients or a critical insurance policy, you will have to wait a certain amount of time before you can file a claim. As a result, you must wait for this period to end before filing your first claim. However, you can claim your health insurance for diabetic patients in two ways- cashless claim or reimbursement claim.
What is the average amount to Invest in Health Insurance for Diabetic Patients?
The sum insured for health insurance for diabetic patients might range from Rs. 5 lakhs to Rs. 10 lakhs. A more comprehensive plan that covers pre-existing conditions may provide coverage of up to Rs. 1 crore.
What is the Waiting Period for Health Insurance for Diabetic Patients?
In general, health insurance policies that regard diabetes as a pre-existing condition have a waiting period of roughly 48 months or two years. However, health insurance for diabetic patients’ plans may not have a waiting period, depending on the insurance company providing the diabetic-specific health insurance plan.
Care Insurance’s health insurance for diabetic patients plan is created specifically for persons with diabetes and hypertension. The health insurance for diabetic patients covers your diabetes and its complications and assists you to live comfortably with diabetes. Head on the website to know more details about the plan and start creating an efficient financial plan to combat the disease!