Is it better to take critical illness cover or health insurance?

Well, it would always depend on your priorities. If you stand the risk of developing a critical illness condition at a later stage of life, applying for this policy would be your best bet. However, if you lead a healthy lifestyle and are confident that only regular health insurance would do, then, by all means, you only opt for normal health insurance. But before you apply for anything, the most important aspect will always be your understanding of both types of policies. The insurance market does change from time to time and if you’re not kept yourself updated then you might end taking the wrong plan and also pay more for it. We don’t want you to do that. So what can you do, you can contact our team at Super Visa Insurance Canada for all details regarding critical illness insurance as well as general health insurance.

Understand the difference between critical illness insurance and any general health insurance

We can assume that anyone in the general population has normal health insurance, so as you being a part of the same might be thinking, ‘why would I need to apply for critical illness insurance?’ Well here’s what you have to understand. Even though you may have a comprehensive general insurance plan, it may not cover life-threatening diseases. Conditions such as paralysis, stroke, cancer will not be covered by your normal insurance and since they function on an indemnity basis, it means you can only claim after hospitalization. In short, the funds received from general health insurance would not be sufficient in the case of any long-term treatment.

When it comes to critical illness insurance, you can submit a claim as soon as you diagnose and you would be getting a lumpsum amount of money for your treatment pre and post-hospitalization expenses, domiciliary treatment, and daycare procedures amongst others.

If you have any queries, feel free to get in touch with our insurance experts at Super Visa Insurance Canada, we will be more than happy to resolve them.

What does critical illness cover?

Here’s a list of life-threatening conditions a critical illness cover so you have a clear idea of what should you claim for. Have a look:

  • Heart Attack (Myocardial Infarction)
  • Stroke
  • End-Stage Liver Disease
  • Kidney failure
  • Major organ transplantation
  • Cancer
  • Paralysis
  • Benign brain tumour
  • Primary pulmonary arterial hypertension
  • Alzheimer’s disease
  • Multiple sclerosis aorta graft surgeries multiple sclerosis
  • Aorta graft surgery

Also, the Critical illness payout is tax-free and you have complete peace of mind without worrying about funds concentrate more on treatment and recovery.

In the end, it will always be your choice on whether you should go for critical health insurance or a critical insurance policy or both. Confused? We can understand that, and our team can help you with making a well-informed decision. Get in touch with Super Visa Insurance Canada for further details.