Critical Illness Health Insurance in UAE

By Sakshi Srivastava - 21 Mar 2022 Last Updated: 19 May 2022
Critical Illness Health Insurance in UAE

Critical illness health insurance plans cover you for long-term and serious illnesses that necessitate costly medical treatment. There are two ways to obtain this cover. To begin, you can purchase a stand-alone critical illness insurance policy. Alternatively, you can add critical illness coverage as a rider to your existing health insurance policy.

The critical illness insurance plan covers medical expenses for 36 critical illnesses, including, but not limited to, heart disease, cancer, stroke, kidney failure, tumors, and so on.

In this blog, we will go over everything you need to know before purchasing, renewing, or filing claims for a critical illness health insurance plan. We will also discuss the advantages of purchasing this plan for yourself or a family member who may require it.

Why Get a Critical Illness Health Insurance Plan?

The following are the primary reasons why purchasing a critical illness insurance policy is critical

Pay for Advanced Medical Services

 A critical illness insurance plan can help you pay for medical services and treatments that your regular health insurance plan does not cover.

Pay for Transportation Expenses

 A critical illness insurance plan can assist you in paying for transportation expenses such as wheelchair and lift installation fees for critically ill patients who are unable to navigate staircases.

Pay for Daily Living Expenses

 A critical illness insurance plan will cover your daily living expenses, allowing you to focus on recovery rather than payment.

Pay for Recuperation Trips

 A critical illness insurance policy allows terminally ill patients to use the funds to travel to a restful location to recuperate.

Things to Consider Before Purchasing Critical Illness Insurance

Some of a few things to think before purchasing critical illness insurance

Waiting Period

The majority of critical illness insurance policies include a waiting period. Only after the policyholder has completed the waiting period will he or she be able to make use of the insurance claim. Before you purchase a plan, make sure to check the length of the waiting period.

The Age Factor

 A number of factors influence insurance premiums, one of which is age. When you buy a critical illness insurance plan for a senior citizen, the premium is higher than when you buy one for a young adult.

Renewal Age

Many critical illness insurance plans include a lifelong renewal policy, whereas others only provide coverage for a set period of time. Ascertain that you are aware of the exact age at which the insured can renew their insurance policy.

Inclusions and Exclusions

 Consider your medical needs and review your insurance policy's inclusions and exclusions. This will allow you to gain a better understanding of your insurance plan of choice.

How Do You Compare Critical Illness Insurance Plans?

Here's how to compare different plans and pick the best critical illness insurance plan for you

Examine the Plan's Benefits

 Different insurers provide varying levels of critical illness coverage and benefits. You must understand your requirements and select a plan that is best suited to your requirements and budget. You can also visit Dhanguard, which has all of the critical illness insurance plans listed in one place.

Recognize the Plans

 Aside from illness, you can use your critical illness insurance policy for a variety of purposes. It can be used to improve your home as well as to pay off debts. It's critical to understand everything that's included in your plan in order to make the most of it.

Check the Sum Assured

You can buy a standalone policy or add a rider for more coverage. A standalone plan provides more benefits and allows you to submit a larger claim, but it is more expensive. Make certain that you select the appropriate sum assured based on your medical requirements.

Eligibility Criteria for Critical Illness Insurance Plans

According to the general rules, any UAE resident or national is eligible to purchase a critical illness plan.

These are a few things to keep in mind if you want to learn more about the eligibility criteria for critical illness insurance

  • The general age range for eligibility is 18 to 59 years old, plus or minus a few years on either side. This means that anyone who is eligible for standard health insurance in the UAE is also eligible for critical illness coverage.
  • Keep in mind that these plans will not cover every critical illness. A critical illness plan typically covers a pre-defined list of illnesses. This pre-defined set may vary depending on the insurance provider.
  • The illnesses for which you are seeking coverage, your age, and any pre-existing conditions all play a role in your eligibility for the plan. Premium rates may also rise or fall as a result of these factors.
  • Most companies do not provide the same critical illness coverage to children and senior citizens (those over the age of 60). These packages are designed separately and can be selected if necessary.
  • Insurance companies may have their own set of eligibility rules and regulations that only apply to plans offered by the company in question. Before deciding on a plan, make certain that you have thoroughly reviewed them.

Process to Get a Critical Illness Insurance Policy

Here is a simple, step-by-step procedure for purchasing a critical illness insurance plan

Documents to be Uploaded

You must provide certain documents to your insurance provider, such as an Emirates ID, a copy of your passport, and any medical documents requested by the insurance company. Log on to the insurance provider's website and fill out all of the requested information. Critical illness insurance plans can also be purchased through a marketplace, such as policybazaar.ae. The advantage of using this platform is that all of the plans are listed in one place, making comparison easier.

Submit the Application Form

Fill out the policy application form and submit it for approval after you have submitted the documents.

Pay the Premium

After all of your documents have been verified and approved, pay the final premium amount to purchase the policy.

Conclusion

You can get affordable Critical Illness Health Insurance in UAE and in the Dubai by comparing several policies at Dhanguard Aside from that, we make it simple for you to explore a website that compiles some of the best Critical Illness Health Insurance in UAE has to offer, all in one spot.

For more information regarding the Critical Illness Health Insurance in UAE contact to Dhanguard we will gladly assist you in every aspect. 

By Sakshi Srivastava

21-Mar, 2022

Medical Insurance Related FAQ

Frequently Asked Questions

  • Why is it so essential to declare my pre-existing medical conditions?

    Patients are communicated to tell their physicians all about their medical history in order to get the best care, and health insurance policyholders are asked to tell their provider all about their pre-existing conditions in order to get the best coverage. Furthermore, if there are any inconsistencies in the medical insurance policy, the insurance company can cancel the policy.

  • What is the extent of medical insurance coverage in the UAE?

    The regional limit to which a health insurance policy's benefits are available is referred to as the scope of coverage. For example, in the UAE, health insurance with a definition of ‘Within the UAE' would only compensate policyholders for medical services received in the UAE.

  • Are family plans the cheapest health insurance available in the UAE?

    Family policies undeniably deliver some of the best coverage at the most affordable prices, making them one of the most cost-effective health insurance choices in the UAE. Even family health insurance policies, however, have their own limitations, such as a limited number of dependents and other constraints. When applying for a job, it is suggested that applicants spend some time reviewing the different inclusions and exclusions.

  • What are the Medical Insurance Policy for female in UAE?

    Medical insurance Policy for females are expensive because of the pregnancy related costs that occurs to the insurance companies. Whereas policy for female aged below 40 is too expensive compared to female aged above 40.

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