Critical illness insurance, otherwise referred to as a cover for critical illness or feared disease policy, protects you in the event of a significant health emergency. It pays out a one-time lump sum cash benefit should you get diagnosed with a covered condition, such as cancer, stroke, or heart attack.
Critical illness insurance is specifically designed to help you with the cost of treating and recovering from severe illnesses that requires expensive treatment.
In addition to cancer, stroke, and heart attack, critical illness insurance policy may also cover bypass surgery, kidney failure, angioplasty, organ transplant, Alzheimer’s, coma, paralysis, and more.
You might think you don’t need critical illness insurance because you already have health insurance. However, critical illness insurance offers numerous benefits that your standard health insurance might not provide.
Critical illness insurance provides various insurance policy coverages that are not available at other medical health services, for example stroke, heart attack, and cancer.
Some health insurance doesn’t cover treatments for serious diseases; that’s why critical illness insurance can be beneficial in other situations.
Daily allowance compensation is designed to allow people who are critically ill to concentrate their time and energy on getting better rather than thinking about work.
Critical illness insurance cover transportation for those who have trouble getting around. The insurance provides services such as going to and from care, retrofitting cars to carry wheelchairs and many more.
Thank you so much. I will be recommending this service to my friends and family for sure.
I was able to get a policy in no time, Khun Anne did an amazing job explaining the policy to me and guiding me through the entire process. Thank you the thaiger team.
I couldn’t be happier with this policy. I would recommend you to read the article before applying for the insurance.
Not being familiar with the insurance, it was nice having all the information in once place and answers to my questions.
The buying experience with Thethaiger was overall very positive and smooth. Online quotes from several providers all at once helped me choose the right provider without having to deal with each of them one by one. The agent completed the survey on the phone in a few minutes and didn’t pressure me to buy the policy.
The Thaiger did an excellent job finding my critical illness insurance and walking me through every step along the way – I highly recommend using this company!
There’s a lot to keep in mind when choosing the right critical illness insurance for you. You don’t want to buy coverage you don’t need, but you also need to ensure that you are fully covered.
Below, we listed out everything you need to keep in mind to help you decide what type of Critical Illness coverage you need.
You would need to know precisely which diseases the policy you choose protects. A critical illness insurance policy will only cover a limited amount of specific illnesses. To make sure you know which one, review the insurance policy records carefully.
You have to understand just how seriously disabled or sick you need to be before you can make a claim. Some early stages of common cancers, for example, may not be included in the policy. In some cases, you will have to be completely disabled before you can get any money.
Knowing your medical history will help you a lot in the decision process. Find out if the policy you choose will protect your current medical condition.
It’s essential to decide which policy works for you. The cost of care for some essential diseases is considerably lower than others. I didn’t understand anything about critical illness insurance, how it will benefit me, and which policy I should choose, but the Thaiger helped a lot throughout the process. I’m grateful for the help and glad I decided to get the insurance. Now I can relax and enjoy life. I know if I need treatment for my illness in the future, I already have the right insurance in place.
Top tip: Always look for premiums with low waiting periods and understand how much coverage you want in choosing the right package.
Critical illness insurance premiums depend on a wide variety of variables, including your age, gender, fitness, leisure habits (such as smoking), and policy advantages. When you apply for this type of insurance, insurers will conduct a thorough underwriting procedure to determine your health conditions and even your family history of illness to set your premium.
Life is full of uncertainty, but don’t let it stop you from enjoying your life to the fullest. The following insurance offers more than just protection, but also peace of mind to allow you to live a comfortable life.
You can protect all your family members in a single policy with Family Life Insurance. Family life insurance policy combines whole life with term life insurance. The principal’s policy is for an entire lifetime, while the husband/wife and children are covered for a reduced amount on a term basis.
Get covered with Personal Accident insurance to ensures coverage during emergency cases like uncertain accidents, impairments, life-changing conditions or even death.
A serious illness is a disease which causes a severe illness that can lead to death. What serious illnesses will critical illness insurance cover?
Major cancers including leukaemia, lymphoma and sarcoma will be covered under the critical illness insurance that will greatly help lower your hospital cost and other hospitalization expenses.
DeathAnother critical illness that will be covered will be a severe heart attack.
Stroke is included in the critical illness coverage because can acquire a big amount of money when you get hospitalized.
A severe case is acute kidney injury which may be subjected to substantial claims.
If you have severe aplastic anaemia you are qualified to be under the critical illness coverages.
Severe lung disease which causes chronic respiratory failure is also included under the critical illness coverage.
One of the critical illness if liver failure which can be covered under the critical illness insurance.
Having been comatose for more than 96 hours will automatically be included under the critical illness insurance.
If you have or having an open-heart surgery you are also covered under the critical illness insurance so won’t need to worry about high hospital bills.
This critical illness is one of the most common diseases that is always included under critical illness insurance.
Besides critical illnesses, we also cannot prevent accidents from occurring. Even when we take reasonable precautions in our daily lives, accidents can and do happen. Our own miscalculation or clumsiness causes some accidents. Others are out of our control, such as drunk drivers.
In addition, the risk of accidents increases depending on the nature of your job or your lifestyle. If you operate heavy machinery for a living or are an adrenaline junkie, your risk of getting into an accident is likely to be higher.
The point is, accidents can happen anytime and anywhere, without any warnings, whether we like it or not. Therefore, to prevent its risks and protect you from the financial consequences that it may cause, getting Personal Accident Insurance is essential.
Critical illness is any disease or sickness that requires medical attention. The most common types of critical illness include cancer, renal failure, coronary artery (bypass) operation, heart attack (myocardial infarction), heart valve surgery, major organ transplantation, multiple sclerosis, primary pulmonary arterial hypertension.
Your age, lifestyle, city of residence, and annual income are all important factors in deciding how much coverage you’ll need while in Thailand. There are many diseases that you might not be aware of, but essential illness insurance will keep you safe from local diseases like malaria and dengue fever.
Critical illness is not a necessity as the main coverage are similar to health or life insurance. However, critical illness plans provide a crucial safety net when you need it the most.
Critical illness also has some different coverages that might not be covered by health insurance.
We recommend Rider of Cancer Safety.
– Full coverage of 3xx,xxx Baht* until non-invasive cancer is diagnosed***
– Additional profit of 2,xxx,xxx Baht* until invasive cancer is diagnosed
– Up to 1x,xxx Baht* daily reimbursement advantage in case of being hospitalized as an inpatient due to cancer
Each health policy has distinct benefits that do not cover certain critical disease treatments. Critical illness insurance will provide you with a lump sum to take care of the costs. You will use this amount to take care of yourself if you stop working and lose money. In the event of death, your loved ones will earn a lump sum payout as an inheritance from vital disease insurance.
According to the Revenue Department, the premium is entitled to a tax deduction even if you don not make a claim.