Human health deteriorates over time – you will not be this healthy forever. The treatment and other associated costs could burn holes in one’s savings. Having medical and health insurance is crucial to assist you with your medical bills. Here are some of the important areas that you need to consider.
1. Hospitalization and surgical insurance
Being a parent or a breadwinner, the ability to earn an income is your greatest asset. If you need a plan for hospital bills, hospitalization and surgical insurance helps you to cover reimbursement for medical expenses. While for the hospital income insurance, a hospitalization benefit plan offers you some cash subject to an annual limit.
2. Dread disease or critical illness insurance
Even a young and healthy man could be diagnosed with a severe illness. The high out-of-pocket treatment costs can be financially devastating. A critical illness plan gives you a lump sum benefit upon diagnosis of any of the '36 dread diseases'. For more details about this policy, please contact your preferred licensed insurance company.
3. Disability income insurance
If you become ill with a serious medical condition, it results in a loss of income due to temporary disability. Don’t worry, disability income benefit offers you financial protection for the duration of your disability or until the age of 65 or 70. This plan provides an income stream to replace a portion of your pre-disability income when you’re sick or injured.
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