Insurance Tips and Resources » Health insurance

Serious Illness Insurance

Alissa Ben — Wed, 28 Dec 2011 10:58:50 +0000

What is serious illness insurance?
Serious illness insurance provides customers with an insurance policy which will pay them a lump sum policy if they are diagnosed with a serious illness from the insurers list and survive the survival period. The list of serious illnesses varies from one insurer to another, and will have an average of around 30 illnesses on it, many more than the 4 found on the first policy in 1983. The survival period also varies in length from insurer to insurer but is the period of time from first diagnosis that a customer must live to be able to make a claim, and is typically around 28 days.
Serious illness insurance provides customers with total peace of mind, and provides them with financial security if the worst happens.
Why do I need serious illness insurance?
Serious illness insurance provides customers and their families with the financial support they need so that they do not need to worry about money if they are diagnosed with a critical illness. Many serious illnesses leave customers off work for longer than the period of time their company will pay sick pay, typically six months, and after that period many customers without serious illness insurance are left to struggle along on statutory sick pay. For may this is nowhere near enough to live on, and they struggle financially.
A serious illness insurance payout gives that family a lump sum payment to make sure that they are financially secure, and can also be used to pay for private medical care closer to home.
Where can I get serious illness insurance?
Serious illness insurance is typically bought by customers after they compare the prices of serious illness insurance, otherwise known as serious illness quotes , and customers will find their quote is cheaper, the younger and healthier their lifestyle is.
Where does serious illness insurance come from?
Serious illness insurance was first created in 1983 in South Africa, by Dr Barnard who grew frustrated that his patients were concentrating more on their finances, than they were on getting better. He created the cover with just four illnesses but it has since grown to be offered all over the world and one policy now offers over 160 different illnesses. It’s the only insurance product in the world that was created by a medical professional.

How to Choose a Cheap Health Insurance Policy

Alissa Ben — Tue, 23 Mar 2010 13:08:12 +0000

When you make up your mind for investing in health insurance there are a lot of things to keep in mind so that you can select the right policy. You should consider various aspects to compare the insurance policy quotes offered by different health insurance companies. The more choice you have it will be easier for you to pick up the right policy.

Choosing a cheap health insurance policy is not an easy task. In fact many people discover that they have made the wrong choice just when they were thinking that have selected the best policy available in the market. If you come to know that the policy you have chosen is not the best one you can hardly do anything about it because you have already invested a good deal of money in your existing policy. People make the wrong choice simply because they overlook certain factors while choosing the policy. Make sure you check the following points to ensure that the policy you buy is beneficial for you.

The first thing you should do is go online and compare health insurance price quotes as well as the advantages of the policies offered by different companies. One policy may seem quite cheap but it may not provide the benefits you need. So buying such a policy won’t help you in the long run.

Once you get different quotes compare them side by side to see which policy is suitable for you. This will help you to eliminate those policies you think are not fit for you. Otherwise you may end up choosing a policy that suits your budget but don’t meet your requirements.

If you do some online research go through the details given in the websites of the private health insurance providers or insurance companies. Most of the good sites will include client testimonial. If the company is a good service provider it will allow you to contact its previous clients to assure you that are not making a wrong choice.

Check all these points to make sure that you select the best policy.

Insurance for critical ailments

Alissa Ben — Mon, 11 Jan 2010 10:24:15 +0000

A terminally or critically ill patient at home needs endless attention and care. More than anything else, the finances also seem to drain out after a point of time. To avoid this kind of a situation where you have to think more about money than your suffering loved one, it is best to buy a critical illness insurance that could provide you with the much needed financial support till the end. An insurance holder is entitled to get a lump sum amount if he is diagnosed with a terminal disorder or is undergoing a critical surgery like a bypass operation or an organ transplant. Some of the diseases that are usually catered in these policies include kidney failure, multiple sclerosis, HIV/AIDS (caused due to blood transfusion or unsterilised needle), and Parkinson’s disease. However, it is important to know thoroughly about the terms and conditions of a policy before investing.

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Critical Illness Insurance gives people peace of mind

Alissa Ben — Fri, 21 Dec 2007 09:17:55 +0000

The idea behind critical illness insurance is to support the policyholders incase they contract any critical ailment. It is often noticed that the fear of contracting any critical disease is much greater than the disease itself is. Thoughts about the inability to earn, unemployment, increased debt amount, expenses for treatment etc. compel people to panic. And such fear is not abnormal.

Once such unforeseen situations are covered, half the battle is won. With a peace of mind, patients can recover faster.

Nobody knows whether a healthy person would become a victim of any critical diseases tomorrow or not! Heart attack, stroke, cancer, Alzheimer’s disease when attack a person, the whole family becomes victim and the life seems to come at standstill.

To help people fight such incidents, insurer offers financial protection to critical illness insurance policyholders. Generally critical illness insurance policies provide following benefits:

Expense of treatment
Pay for all health related issues
Mortgage repayment help
Debt repayment
Support to bridge the gap caused for reduced income
and often more

Different insurers provide different kind of coverage under critical illness insurance. It is always suggested to read the policy carefully and ask all possible questions to your insurance agent. A list of critical illness types is provided with the policy; policyholders are insured against those illness types only. Know everything about your critical illness insurance policy before you purchase it.

Benefits of Private Health Insurance

Alissa Ben — Fri, 14 Dec 2007 08:26:31 +0000

People often possess sort of reservation against privately held companies especially when it comes to health insurance. However, there are private companies in all sectors that have been serving the nation for long with utmost care. Such private companies often deserve same respect as public companies.

Private Health Insurance in Australia brings you additional benefits that Medicare cannot.

Shorter waiting time: If you are suffering from a non life-taking disease and you need a surgery, the hospital won’t put you on a hold once you are covered by Private Health Insurance. Unlike Medicare, private health insurance enables you for treatment as private patient, not as a public patient.

Have your say: With private health insurance coverage you have the right to select hospital, doctor, type of cabin in hospital etc. This definitely gives you more freedom.

Wider coverage: Private Health Insurance covers you for dental work, physiotherapy, renewal of spectacles and contact lenses and many more non-Medicare health issues. So you need not worry for any sort of medical and health expenses.

However, with loads of Private Health Insurance companies, a comparison on your part is necessary to find out the most suitable insurance company.