Which is the best HOSPITAL CASH POLICY and the best CRITICAL ILLNESS policy

Hello everybody ?

Which is the best HOSPITAL CASH POLICY and the best CRITICAL ILLNESS policy ?

How does the HOSPITAL CASH POLICY and CRITICAL ILLNESS policy of BAJAJ ALLIANZ compare with other companies ?

How much percentage of our income should we segregate for paying premiums for such kind of polices.

Are there HOSPITAL CASH and CRITICAL ILLNESS policies which can be taken for more than 1 year ?

And also are there long term health insurance policies for which we can pay in our earning years and they cover us in our retirement years also.

What is JEEVAN AROGYA and how different it is from other policies and mediclaim.

I am a 45 year old self employed professional.

Hope to hear from all the finance gurus . Thanks in advance for all the responses.

Regards,

Veerendra

Your query is not clear.

What is Hospital Cash Policy?
They're insurance policies which pay out when you incur healthcare costs. You pay a monthly payment (a premium) and then when you lay out your own cash for a treatment, you can reclaim a percentage of the costs back, up to a pre-determined maximum.

What is Critical Illness Policy?
Critical illness insurance or critical illness cover is an insurance product, where the insurer is contracted to typically make a lump sum cash payment if the policyholder is diagnosed with one of the critical illnesses listed in the insurance policy.

Best Critical Illness Cover -
A- Life Insurer
B- General Insurer

Read LIC's Jeevan Arogya Review

LIC Jeevan Arogya is Hospital Cash Policy.

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Originally Posted by Matrix

Your query is not clear.

What is Hospital Cash Policy?
They're insurance policies which pay out when you incur healthcare costs. You pay a monthly payment (a premium) and then when you lay out your own cash for a treatment, you can reclaim a percentage of the costs back, up to a pre-determined maximum.

What is Critical Illness Policy?
Critical illness insurance or critical illness cover is an insurance product, where the insurer is contracted to typically make a lump sum cash payment if the policyholder is diagnosed with one of the critical illnesses listed in the insurance policy.

Best Critical Illness Cover -

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Many thanks for the information.

I wish to know of all the policies which is the best. Can some one do an expert analysis and recommend the best product.

Thanks in advance.

Regards,

Veerendra

for e. g I found this text :
ICICI Lombard – Critical Care
(a) Diseases Covered – 9
(b) Who can buy - Any person aged between 20 years to 45 years
(c) Minimum Sum Insured -3 lakh
(d) Maximum Sum Insured -12 lakh
(e) Survival Period – No
(f) Waiting Period – 90 Days
(g) Other Points -
i – Accidental Death /Permanent Total Disablement (PTD) due to accident
ii – No health check-up required for policy issuance


Now this covers only 9 diseases but provides accidental death/ permanent total disablement benefit.

However I have no clue as to how much that is.

So if we take this policy can we skip the routine personal accident policy.

Regards,

veerendra

Going back to my previous question what is your requirement?

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Now this covers only 9 diseases but provides accidental death/ permanent total disablement benefit.

However I have no clue as to how much that is.

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It all depends how much you have taken the cover for:
Minimum Sum Insured -3 lakh
Maximum Sum Insured -12 lakh

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So if we take this policy can we skip the routine personal accident policy.

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In normal Personal Accident Policy you get following coverage:
1- Basic death and
2- Permanent Partial Disablement (PPD)
3- Permanent Total Disablement (PTD)
4- Temporary Total Disablement (TTD)

and also some add on like loss of livelihood.

Details about personal accident policies FAQs - read here.

But in the above plan you get limited cover, check the policy document for more details.