However, Pankaaj Maalde, head-financial planning, Apnapaisa.com, feels customers need to be aware of the difference between an ailment and a critical illness. There are not more than 13 critical illnesses but CIs can result in loss of income, which impacts customers. So, one must choose plans that cover a higher number of CIs, rather than ailments, is his advice. "Not only should CI (cover) be bought as an add-on to a basic mediclaim policy, but it should be in the range of 33 to 50 per cent of one's life insurance need. So, suppose your life insurance need is Rs 60 lakh, the CI should be between Rs 20 to 30 lakh," adds Maalde. At present, the maximum cover available is only Rs 50 lakh.
Published in Business Standard on 28th December'2011.
http://business-standard.com/india/news/2011-saw-more-health-cover-options/459960/
Published in Business Standard on 28th December'2011.
http://business-standard.com/india/news/2011-saw-more-health-cover-options/459960/
