What Is The Difference Between Critical Illness Insurance And Health Insurance?

Have you ever received an offer for a critical illness insurance?

Do you know what is critical illness insurance? What is the difference with health insurance in general?

Here a comparison to explain what are the fundamental differences between critical illness insurance with health insurance:

Critical Illness Insurance

• Provide a guarantee in case of critical illness, such as cancer, kidney failure, and heart, etc.
• Typically protection will be obtained after entering the critical phase.

Health Insurance

• Generally does not include critical illness protection.
• Protection granted since the beginning of illness and treatment

Generally, critical illness insurance is offered as an additional insurance (supplementary) for health insurance.

For those of you who have a family history of critical illness, you should equip health insurance with critical illness insurance. But before you buy, there are some considerations that you need to think about:

1. By buying a critical illness insurance policy means you pay premiums more expensive than regular health insurance policy. However, you have the flexibility to determine the amount of money insured.
2. Make comparisons of critical illness insurance products from several different companies, at least three products. Make comparisons to protection facilities that will be provided.
3. Make sure you are willing to pay a premium of monthly income so that the policy is not lapsed (off) because this could lead to termination liability of the insurance company to cover you when you should be treated. 
4. Understand and learn more terms and conditions of critical illness insurance policy, particularly the criteria to be able to make a claim.

With these considerations, I hope you can determine whether to buy critical illness insurance or not.