Understanding Critical Illness Insurance Plan

Critical illness insurance is healthcare protection that provides coverage for severe and long-term critical illnesses. The major insurance companies in Pakistan offer multiple plans for critical illness insurance to cover exorbitant treatment and hospitalization expenses against these diseases. A critical illness insurance policy has multiple benefits as it ensures helping you if you are fighting a critical illness. 

Why Should you Buy Critical Illness Insurance Plan? 

Have you ever thought about what will happen to you and your family if you fail to get treatment for a critical illness? On top of that, who is going to cover the expenses of medical treatment? As the number of people contracting critical illnesses increases, the age at which they contract these diseases is constantly decreasing. It means that people of the modern era are more prone to contracting critical illnesses than earlier generations. In addition to this, the sedentary lifestyle of the present century has given rise to all kinds of critical illnesses. Now here comes a critical health insurance policy to your rescue.    

A critical health insurance policy aims at providing you coverage against life-threatening critical diseases like heart attack, cancer, and kidney failure. The policy has multiple benefits, and you can purchase it for yourself and your family. In addition to this, critical illness insurance policies have exclusively been designed for women covering major critical health-related risks. 

With a critical illness insurance policy, you get reimbursement for expenses incurred for treating a critical illness from the insurer. It helps you in receiving the treatment with complete peace of mind. 

Critical Illness Insurance Products

Two products are offered under critical illness insurance, which are: 

  1. General Critical Illness Insurance 
  2. Critical Illness Insurance for Women 

Key Coverages offered by a Critical Illness Insurance Plan? 

The above-mentioned critical illness insurance plans offer a wide range of coverage. 

1- General Critical Illness Insurance Plan

You can buy general critical illness insurance plans for yourself and your family to cover the medical expenses of different critical illnesses. The coverage of individual plans starts from PKR 125,000 up to 1,000,000 and of the family; PKR 275,000 up to PKR 1,000,000.  

Coverages offered by a General Critical Illness Insurance Plan

These plans offer the following coverages: 

  1. Cancer: get coverage for critical illnesses such as leukaemia and malignant diseases of the lymphatic system 
  2. Open Chest: get coverage for coronary angiography, the realization of the surgery, and coronary artery bypass surgery 
  3. Kidney Failure: expenses of peritoneal dialysis and kidney hemodialysis are covered 
  4. Heart Attack: avail coverage for chest pain and new characteristic 
  5. Stroke: get the expenses arising due to stroke, cerebrovascular incident infarction of brain tissue, embolization from an extracranial source, and haemorrhage covered 
  6. Organ Transplant: get coverage for the organ transplants such as heart, liver, bone marrow, kidney, pancreas, and small bowel 
  7. Paralysis: avail coverage for paralysis, including total and irreversible loss of two or more limbs 

Key Exclusions 

The following are the key exclusions of these plans: 

  • Cancer: exclusion of cancer in situ, basal and squamous cell carcinoma, any CIN stage, any malignant tumor, malignant melanoma stage IA, and prostate cancer stage 1 
  • Coronary Artery (Bypass) Surgery: no coverage for angioplasty, key-hole surgery, and any other antra-arterial procedures 
  • Heart Attack: expenses of acute coronary syndromes, non-ST-segment elevation myocardial infarction, and silent myocardial infarction are not covered
  • Stroke: no coverage of traumatic injury of the brain, transient ischemic attacks, lacunar strokes without neurological deficit, and neurological symptoms due to migraine 
  • Paralysis: exclusion of Guillain-Barre Syndrome 

2- Critical Illness Insurance Plan for Women 

According to different studies, there is a steady rise in the number of women falling prey to multiple critical illnesses. A critical illness insurance policy for women aims to protect women against multiple critical illnesses to retain their health without any financial challenges. The coverage of critical illness insurance for women starts from a minimum of PKR 500,000 and goes up to PKR 1,000,000. 

Coverages offered by a Critical Illness Insurance Plan for Women 

The policy offers coverage for the following critical illnesses: 

  1. Cancer: get coverage for breast cancer, ovarian cancer, cervical cancer, vaginal cancer, fallopian tube cancer, and uterine cancer   
  2. Burns: expenses arising due to injuries from burns are covered 
  3. Paralysis: get coverage for multi-trauma or paralysis 

Key Exclusions 

The key exclusions of the plan are the following: 

  1. Expenses arising due to deliberate self-inflicted injury are excluded 
  2. No coverage for infection such as HIV 
  3. Expenses of radiation-induced burns are excluded 
  4. No coverage for death within 30 days from diagnosis of willful misuse of drugs 

Who is Providing Critical Illness Insurance in Pakistan? 

Visit Mawazna.com health insurance comparison plan to review all the critical illness insurance plans offered by various Insurers in Pakistan. These include Jubilee General Insurance which offers its critical illness insurance plans in Pakistan called Jubilee Lifestyle Care covers general critical illnesses, and Jubilee HerCare exclusively covers critical illnesses related to women. 

How to Buy Critical Illness Insurance? 

Mawazna.com is your one-stop-shop solution to find any health insurance plan offered by the leading Insurers in Pakistan. Treatment of critical illness can be exorbitant and end your savings in a single go. You can purchase a critical illness insurance policy to avoid jeopardizing your future savings plans. You can compare and purchase the best critical illness insurance plan in a matter of few clicks through Mawazna.com.   

We are a leading health insurance platform that allows you to purchase your critical illness insurance online in a hassle-free way. We are an authorized partner with all major insurance companies in the country. We help you come across critical illness insurance plans that offer the best benefits at an affordable insurance premium. 

All you need to do is visit Mawazna.com, provide the essential information, and review the available plans by clicking 'View Quotes.' You can purchase the critical illness insurance plan online by clicking 'Buy Now' at Mawazna.com, or you can make a bank deposit. Our team will send the soft copy of your critical illness insurance policy via email within a few minutes. 

Who can Buy Critical Illness Insurance Plan? 

Any Pakistani citizen aged above 18 years can purchase critical illness insurance to cover the cost of major critical illnesses. 

Critical Illness Insurance – FAQs 

Q: How can Mawazna.com help me in buying critical illness insurance? 

Answer: Mawazna.com provides you with all the necessary awareness related to critical insurance plans and why you should buy one. It helps you to select the one that fits your needs. You can compare multiple critical illness insurance plans at our platform and purchase the plan of your choice online quickly. In addition to this, you can avail the following benefits at Mawazna.com:

- Get free quotes from all major insurance companies in a matter of minutes

- Buy the plan of your choice online from anywhere through any device

- Get instant issuance of your critical illness insurance policy online 

Q: What is critical illness insurance? 

Answer: Critical illness insurance is a protection against multiple critical illnesses whose treatment can wipe out your funds quickly. It provides a lump sum amount if you are diagnosed with any critical illnesses such as heart attack, cancer, and organ transplant to cover treatment costs. 

Q: How much critical illness insurance cover should I buy?  

Answer: The appropriate coverage of critical illness insurance that you need depends on your age and type of cover. Usually, you should consider your affordability, your savings, annual income, age, family commitments, and lifestyle pattern at the time of deciding what coverage you would need. 

Q: How should you buy a critical illness insurance plan? 

Answer: You can purchase online through Mawazna.com. A critical illness insurance policy should be purchased by anyone with a history of critical illness in his or her family, having high-pressure jobs, primary breadwinners, and people above the age of 40.