As lifestyle diseases are on the rise, many people nowadays live at risk of developing diabetes. Diabetes is a metabolic disease characterised by the blood glucose (blood sugar) level. Research findings indicate that diabetes is one of the key causes of blindness, kidney failure, heart attack, stroke, etc. According to the World Health Organisation (WHO), Diabetes is a growing challenge in India with an estimated 8.7 per cent diabetic population in the age group of 20 and 70 years.
Diabetes occurs when the blood glucose level increases in the body. The condition is further divided into two categories. Type 1 diabetes occurs because of the impairment of the pancreas to produce insulin. Whereas in type 2 diabetes, the body does not use the produced insulin. Quality healthcare, regular health check-ups, doctor consultation, etc, are necessary to manage blood sugar levels to prevent or to get diabetes treatment.
Does your existing Health Insurance policy cover diabetes? If so, what is the need for a separate Health Insurance policy for diabetes? Without a doubt, a standard Medical Insurance policy will cover diabetes and related expenses. Let us understand the ground rule of how far a standard Health Insurance policy covers diabetes.
Across the health insurance industry, Diabetes falls under the pre-existing disease (PED) category. And we are well aware of the fact that all pre-existing diseases are always bound with a waiting period, which ranges between 12 months to 48 months. The waiting period varies depending upon the opted health insurance plan and the insurer. Moreover, the insured becomes entitled to PED coverage after the completion of the same. For your reminder, to tide over the waiting period, continuous renewals are necessary, failing which, the waiting period will start all again.
The monthly expenses spent on medication and insulin might go unnoticed, but they might drain your savings and cause financial troubles. Additionally, the incurred outpatient expenses become eligible for a claim only if the outpatient expenses fall under the inclusion of the policy document. If not, the insured becomes liable to pay the outpatient expenses out-of-pocket.
Being mindful of society and addressing the needs of every individual, health insurance firms are offering specially crafted health insurance policies for diabetes. These uniquely designed policies are for people diagnosed with diabetes (both type 1 and type 2) to cover the treatment costs and hospitalisation expenses of diabetes and other related expenses. Therefore, they offer wider coverage for diabetes and related expenses and secure your savings as well.
The benefits and coverage of diabetes health insurance policies are unique to the health insurance provider. Some make it as an individual health insurance plan, while some entitle the insured to add their spouse, which upgrades the policy as a family health insurance policy.
As a pioneer in the health insurance industry, Star Health and Allied Insurance Co Ltd holds a significant position through introducing unique and innovative products. The company’s innovation speaks of the need to address the healthcare requirements of every individual. In this regard, Star Health offers Diabetes Safe Insurance Policy, a specially crafted policy for people diagnosed with diabetes (both type 1 & type 2).
This policy covers the expenses incurred for diabetes and its related complications. It does not stop there – the prime feature of the policy is that it offers extended coverage by indemnifying the regular hospitalisation expenses (incurred due to illness, diseases, injuries or accidents) as well.
The policy has a minimum entry age of 18 years and a maximum of 65 years. However, only people diagnosed with diabetes can avail the policy. The floater basis under the policy is provided for a family size of two adults (self and spouse only), subject to a requirement that either of them is diabetic. Moreover, the policy also offers flexible plan options such as Plan A and Plan B. Besides hospitalisation coverage, the Diabetes Safe Insurance Policy is loaded with benefits.
The policy offers personal accident cover. By opting for this policy, the insured becomes eligible for worldwide personal accident cover at no additional cost, subject to the policy’s terms and conditions. Outpatient expenses, automatic restoration of the sum insured, day care procedures, cataract treatment, modern treatment, etc, are a few other benefits of this policy. To discover more about the policy information, check out Star Health’s official website.
Medical conditions should not be overlooked, and a chronic disease like diabetes creates a high risk of developing critical illnesses. Protect your savings from being wiped away by medical bills. It only takes a little investment and time to stay secure even during the uncertainties. The best health insurance for diabetes secures your health and wealth. Make sure to invest in the right health insurance policy that favours your needs.