Illness is something which is very uncertain and can happen to anyone at any time. We all know today that medical charges are soaring and reaching heights and matching up to them is becoming really hard today.
Ask yourself this question, if in case of medical emergency in your house, will you be able to give a huge sum of money specially if you belong to a service middle class family in one go? Hence, this is exactly where the role of covers like medical insurance comes into the play.
Critical illness insurance mainly issues a single lump sum benefit for what you should be diagnosed with a critical illness to fall under the coverage of this policy like paralysis or cancer. Critical illness coverage is not designed always to go, which is different from your disability insurance. This insurance is to handle all your immediate expenses.
It means that you are free to use the money as you want, whether you want to pay for your home care or take a once-in-a-lifetime trip. Hence, illness insurance is one of several Canadians’ most prominent coverage forms. Insurance Gully has got your back if you want to take critical illness insurance in Mississauga.
What is critical illness insurance?
You can have one time insurance with critical illness insurance and you just have to pay a lump sum amount for one of the several diseases covered in this insurance cover. This insurance plan will not replace your employment as an income stream, but it will provide you with a sum of money that will help you handle expenses linked with your critical illness.
You can also use it for some bucket list ideas, including travel or buying a plot, taking training lessons, or making some charitable donation. You can use the money as you want as there are no strings attached here because the money is all yours and it is different from any other type of insurance setting generally go for.
Things Covered by the critical illness insurance
The critical illness insurance cover is from the insurance company, but when you choose us, you can get maximum coverage. You can check what is covered in the contract given to you. There are different types of ailments covered.
The eligibility criteria for critical illness insurance
The coverage rate for critical illness totally does depend on the term of policy, besides other factors such as age, family history, health condition etc. Critical illness coverage is generally sold in terms of the 10-year block to the age of 75, and you might also have the option to lock in your premium. The insurance coverage becomes more expensive as you start growing old, so instead of waiting a long time, you should instantly buy the insurance cover from us.
You need to complete a health questionnaire with us regarding your current and past health history. If your health information indicates the presence of some critical illness, we will decline the application. You are likely to be covered provided your policy is in force and it is also going to cover you after you make your desired claim. It all happens once your insurance is approved.
For example, we have covered you under specific coverage, and you develop particular cancer, but it is treated and declared cancer free. If you are later diagnosed with different cancer, the second claim will be payable by us, provided it is not related to first cancer.
Who generally needs the critical illness cover?
The majority of Canadian studies need critical illness cover. Home care treatment prescription drugs are not covered and must be paid out of pocket. Our insurance plan can relieve the financial pressure of this kind of situation.
How can you get critical illness insurance?
You can select us if you are looking forward to buying critical illness cover on your own. You can ask our experts about the coverage, and we will help you with all the details and how you can make a claim with our insurance plan. Once you end up purchasing the illness policy from us, our experts will make sure to discuss everything with you in detail. You can easily discuss on major things such as additional costs, benefit amount, terms or add-ons etc.
To claim illness insurance, you should be diagnosed with a critical illness, and your doctor also needs to submit the diagnosis to the insurance company. Our critical illness coverage is one of the best ways of how you can get a relief from medical problems.
Insurance Gully as the name suggests is the best Insurance company, offering the best critical illness insurance services at affordable services. Get in touch with the experts, and get yourself insured right away.