As the prevalence of lifestyle diseases such as diabetes continues to rise, it is crucial for individuals to prioritize their health and financial security. Diabetes, a metabolic disease characterized by elevated blood glucose levels, is a significant cause of complications like blindness, kidney failure, heart attacks, and strokes. In India, the World Health Organization (WHO) estimates that 8.7% of the population aged between 20 and 70 years is affected by diabetes. To effectively manage this condition, quality healthcare, regular check-ups, and consultations with doctors are essential.
Existing Health Insurance Coverage: It is important to determine whether your existing health insurance policy covers diabetes. Typically, a standard medical insurance policy does cover diabetes and related expenses. However, it’s crucial to understand the coverage limitations and waiting periods associated with pre-existing diseases (PEDs). Diabetes falls under the category of PEDs, and the waiting period for coverage can range from 12 to 48 months, depending on the insurer and the chosen health insurance plan. Continuous policy renewals are necessary to ensure the completion of the waiting period. Additionally, outpatient expenses may only be eligible for coverage if explicitly stated in the policy document, requiring individuals to pay these costs out-of-pocket if not covered.
Need for Separate Health Insurance Policy for Diabetes: Despite diabetes being covered by standard health insurance policies, considering a separate health insurance policy specifically designed for diabetes can offer additional benefits and broader coverage. Such policies cater specifically to individuals diagnosed with diabetes, both type 1 and type 2, providing coverage for treatment costs, hospitalization expenses, and related complications. These policies help secure savings and provide enhanced protection.
Star Health’s Diabetes Safe Insurance Policy: Star Health and Allied Insurance Co. Ltd, a pioneer in the health insurance industry, offers a specially crafted Diabetes Safe Insurance Policy for individuals diagnosed with diabetes (type 1 and type 2). This policy covers expenses related to diabetes and its complications. In addition, it provides coverage for regular hospitalization expenses incurred due to illness, diseases, injuries, or accidents. The policy has a minimum entry age of 18 years and a maximum of 65 years, and only individuals diagnosed with diabetes can avail it. The policy offers flexible plan options, including floater basis coverage for two adults (self and spouse) if either of them is diabetic. Additional benefits of this policy include personal accident cover, worldwide coverage at no extra cost, outpatient expenses coverage, automatic restoration of the sum insured, day care procedures, cataract treatment, and modern treatment. For more details, interested individuals can visit Star Health’s official website.
It is crucial not to overlook medical conditions such as diabetes, as they carry a high risk of developing critical illnesses. To protect one’s savings from being depleted by medical expenses, investing in the right health insurance policy is essential. By choosing the best health insurance policy for diabetes, individuals can secure their health and wealth, ensuring financial stability during uncertain times. Prioritizing health and making a small investment can provide peace of mind and comprehensive coverage.