Critical illness insurance: what are the benefits of this investment?

Insurance is a form of investment that can help you in prevention and treatment efforts when you have a disease. Of the several types of insurance, one of which is insurance for critical or serious illness that maybe not everyone knows.

What is critical illness insurance?

Critical illness insurance is still related to health, but has a different policy with general health insurance. This insurance can help you with financial problems when treating certain serious illnesses as stated on the policy.

Keep in mind, not all health conditions are listed on the policy and sometimes insurance providers also list the level of the disease. Therefore, you need to be careful in choosing insurance that suits your health condition.

Every insurance company has different offers. This time, there is insurance that can protect you from more than 60 types of diseases consisting of major and minor critical illnesses.

Who needs this type of critical illness insurance?

According to data from the Centers for Disease Control and Prevention (CDC), the 10 diseases that were the leading causes of death in Indonesia in 2018 were:

• Stroke
• Heart disease
• Diabetes
• Cirrhosis (disorders of the liver)
• Tuberculosis
• Chronic obstructive pulmonary disease
• Ground accident
• Diarrheal diseases
• Chronic kidney disease
• Lower respiratory tract infection

From these data, it can be seen that most of the diseases that cause death are critical illnesses. Insurance can provide coverage or assistance with medical expenses and care for several diseases which are the leading causes of death in Indonesia.

What are the benefits of critical illness insurance?

This insurance can provide benefits or benefits that are more or less the same as health insurance. However, serious illnesses usually require higher costs so this one insurance has an advantage in the number of dependents.

In addition, this insurance can provide other benefits such as:

1. Provides serenity

No one can guess what the future holds, you can probably only plan. For this reason, insurance is useful to help you live your life more calmly by providing services to help when a problem occurs, especially when you have a serious or critical illness.

2. As an investment and savings

In general, the amount paid will be returned at the end of the contract if you are not diagnosed or have a critical illness during the insurance period. In other words, you get reward or the reward for a healthy life that has been lived. However, the amount of money returned depends on the agreement stated on the policy.

3. Help manage finances

Basically, insurance is a service to help you prepare costs and at the same time anticipate unexpected events. So you no longer need to set aside income for unexpected expenses because you have paid insurance premiums. Insurance will help cover all costs (depending on the policy).

4. Guaranteed medical assistance

A study conducted in China shows that critical illness insurance increases the level of public insurance in obtaining medical assistance to a certain extent. The limit in question is likely to depend on the policies of each insurance service company.

In essence, this insurance can help you get good medical assistance and assistance, thereby increasing your chances of recovery.

5. Get compensation when he dies

This last advantage may be quite difficult to discuss because no one wants to die. However, age no one can guess and one day everyone will experience this. Death is part of an incident that is covered by several insurance providers.

Everyone has different conditions and life situations. Therefore, consider using critical illness insurance if you are at risk or are prone to certain diseases or want to get all the benefits of this type of insurance.