Why is it important to have a health insurance plan for diabetes?

Diabetes, a lifestyle condition, has become one of the most common diseases these days. This can even be found in people in their 20s. The worst part of this condition is that it cannot be cured. You can only take measures to keep it under control. However, this will slowly start affecting your various organs in the body. The medicines for diabetes are expensive and once you are diagnosed with it, you have to visit the doctor for a consultation often. As a whole, it becomes a costly affair.

In one such situation, you must opt for something that can save you some money. One of the best ways is to purchase a health insurance plan. The majority of the people who hear about a health insurance plan consider it a waste. They think they will never get sick; thus, do not need to put their money on one such policy. Seldom do they realize that the money they pay for the consultation fees at the hospital or clinic can all be reimbursed when they have a health insurance policy.

If you are planning to buy health insurance for diabetes patients, you need to keep some of the things in mind. Here are the things that you should know while considering a health insurance plan for diabetics.

Purchase a health insurance plan if you are already a diabetes patient

If you already have been diagnosed with diabetes, you must put your money in a specialized plan that is meant only for diabetes patients. Although you will come across several such plans in the market, the majority of the health insurance policies for diabetes are for patients with Type-2 diabetes. These plans will also cover the diseases such as kidney, heart, and even the amputation costs that are related to this condition. The cost of dialysis is also covered under health insurance policies.

Choose the right plan

if you have not yet been diagnosed with diabetes, you can buy a regular indemnity plan, which is also called the basic plan. You can add a top-up plan or even a critical illness plan. The majority of the insurance companies in India cover diabetes in their top-up plans.

Waiting period

All the health insurance plans come with a waiting period. However, the majority of the health insurance plans for diabetes come with zero waiting period. You must take a look at the waiting period to make sure it is zero waiting period.

Claim settlement ratio

To be sure whether you will be able to claim the sum insured or not, you need to check the claim settlement ratio of the insurance company. If the claim settlement ratio is higher, you can go ahead. Also, you must check the claim settlement process.

Things that are covered under the health insurance plans for diabetes patients

As you buy a health insurance policy for diabetics, you will get many things covered. Let us take a look at them.

·        Waiting period: The waiting period in a health insurance plan for diabetics is zero. You can avail of the benefits from day one.

·        In-patient hospitalization: Your medication and treatment in the network hospitals will be covered.

·        Pre & post-hospitalization: Your medical expenses related to diabetes 30 days before hospitalization and 60 days after hospitalization will be covered.

·        Ambulance cost: Your expenses for the ambulance will be covered.

·        Organ donor charges: The expenses related to organ transplants are covered.

·        HbA1C check-up: Expenses related to diabetes are reimbursed.

Now if you want to find health insurance policies for diabetics, you can visit the website of IIFL. You will come across some of the best health insurance plans for diabetes.

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