Are you diabetic? Now you can also take the Health Insurance Policy.

Are you diabetic? Now you can also take the Health Insurance Policy, the products of these companies will be perfect for you

It is very difficult to take health insurance policy for patients of diabetes. Earlier ICICI Prudential Life Insurance launched the Diabetes Care Policy but now it is not available anymore. But now, ‘Energy’ of Apollo Munich Health Insurance and Star Health Insurance’s ‘Diabetes Safe Policy’ are available in the market for diabetic patients.
Are you diabetic? Now you can also take the Health Insurance Policy.
It is more difficult for people with diabetes mellitus to take health insurance. Most companies refuse to give either a policy based on their underwriting standards or charge more premium (loading). However, over time, the market of health insurance also is changing constantly. Keeping in mind for special diseases and circumstances, insurance companies are bringing new innovative products. It is worth mentioning that Diabetes Health Insurance cover is more expensive than any other special illness plan.
At the global level, India has the highest number of diabetes mellitus patients. Many life insurance, general insurance and health insurance companies are now bringing special policies for patients with diabetes. It is worth mentioning that all these policies have been launched for patients of type-2 diabetes mellitus so far.

Two major policies available in the market for diabetes mellitus patients

It is very difficult to take health insurance policy for patients of diabetes mellitus. Earlier ICICI Prudential Life Insurance launched the Diabetes Care Policy but now it is not available anymore. But now, ‘Energy‘ of Apollo Munich Health Insurance and Star Health Insurance‘s Diabetes Safe Policy are available in the market for diabetes mellitus patients.

Apollo Munich’s Energy:

·         Apollo Munich’s ‘Energy‘ is a diabetes insurance plan for people who have Type II diabetes or those whose glucose levels exceed the empty stomach normal glucose limit or who are suffering from blood pressure.
·         Where in other general policies the diseases caused by diabetes mellitus are covered after the waiting period of 4 years, but this policy covers all the diseases from the first day itself.
·         There is also a 20% co-payment option in this policy. That is, if treatment costs 100 rupees then you have to give 20 rupees on your side. With this, the burden of premium becomes somewhat lighter.
·         This policy also covers 144 processes, for which 24 hours of hospitalization is not necessary.
·         If the energy policyholder is aware of his health and remains healthy, then the company also offers a discount of up to 25% on renewal premium.
·         If the claim is not claimed for any year and the insured person has been staying healthy by keeping his sugar level normal, then he gets a discount in the premium.

Features of both policies for diabetes mellitus :

 

Criteria
Apollo Munich Energy
Star Health Diabetes Safe
National Parivar
Age limit to take the policy
18 to 65 years
26 to 65 years
18 to 65 years
Who can take
People with Type 2 diabetes mellitus, people with IFG, IGT and blood pressure
Type-2 diabetes mellitus
Things that are not covered
Already existing diabetic Retinopathy, Diabetic nephropathy, due to which chronic renal failure, diabetic foot ulcers, diabetes mellitus type-2
50% of Sum Assured is given for the treatment of any disease
Policy, how long can get renewed
Lifetime
70 years
65 years

Star Health Insurance Diabetes Safe Policy:

·         This policy covers both types of diabetes mellitus, type-1 and type-2. Apart from these two types of diabetes, if the patient has to be hospitalized for any other reason, then the company also bears its expenditure.
·         You can take this as the combo of general mediclaim and diabetes insurance plan. Under this policy OPD medical consultation, diagnostic examination and drug expenses are also covered.
·         In addition to this, if the policyholder dies in an accident, the company compensates him financially. This policy can be taken on a personal or floater basis. There are two plans for this policy.
·         Medical examination is mandatory before taking insurance under Plan-A, while medical examination is not necessary for Plan-B.
·         The point to note is that the waiting period for covering illnesses in Plan-B is 15 months.

Comparison of premium for both policies for sum insured of Rs. 3 lakhs:

 

Star Health Insurance Diabetes Safe
Premium
Plan-A
9,765
Plan-B
13,190
Apollo Munich Energy
Silver
11,707
Gold
16,413
Note- The premium for the Star Health’s Diabetes Safe Policy has been calculated on the basis of the year-wise, while the age group of 36-45 has been selected for energy. (Due to the GST it is possible to make changes in premium. Premium is symbolic, not accurate.)

Post Author: Health n Meds

2 thoughts on “Are you diabetic? Now you can also take the Health Insurance Policy.

    Anonymous

    (September 12, 2018 - 7:23 PM)

    Very nice and informative post. We all should be alert to fight against the menace called diabetes

    Malissa Brickett

    (February 17, 2019 - 6:10 PM)

    very interesting points you have noted, thanks for putting up.

Leave a Reply

Your email address will not be published. Required fields are marked *