Now Diabetics Can Opt For Insurance

Modern life has brought with it multiple stresses and overambitious demands that have taken a toll on the human body leading to a rapid escalation of lifestyle related diseases like the ‘silent killer’ - diabetes. If you are a diabetic, have a stressed lifestyle with poor eating habits or have a history of the disease in your family then it’s a good idea to buy a health insurance policy that will hold you in good stead, in case this disease strikes.

This is because, diabetes as a disease is not a single problem in itself but it ushers in a host of related ailments like the risk of a high blood pressure, brain stroke, heart attack and also impacts your eyes and kidneys in a big way. The good news is that diabetes is no longer excluded from health insurance.  In the early days of health insurance, insurance companies usually did not offer health cover to people with diabetes because of the perceived high risk. But times have changed now, and there are many companies offering health insurance which aims at diabetes and related ailments.

Benefits of health insurance policy for diabetics

·         Most companies offer this type of policy to anyone up to 65 years of age.

·         Some insurance companies also offer additional sops like a health coach who personally monitors and offers advice to the policy holder about important health milestones.

·         Peace of mind is restored as you are in good hands.

·         You are saved out of pocket expenses.

·         Other sops may include a special site or portal where the customer can keep track of all his health records, reports, diagnosis.

·         The insurer also gives a policy holder other benefits like a discount on medicines, health foods, medical equipment like glucometers, etc.

·         If you have bought a health policy then you can avail an Income tax benefit under Section 80D of the Income Tax Act, 1961.

·         A lot of insurance companies offer this policy to those who already have Diabetes Mellitus or are at risk for Diabetes Mellitus.

·         Pre hospitalization expenses are also covered under some policies.

·         These policies are available as a floater cover or on an individual basis.

·         Cashless hospitalization benefit is also available.

·         Some policies also cover post hospitalization expenses.

·         The good news is that a TPA may not really be required to settle your claim. This means claims get processed more easily and faster.

What is most important to note is that unlike conventional health policy premiums, the rate of premium for specific policies are generally higher. Also, you must take care of your health by controlling your diet and maintaining a regulated exercise regime. These efforts will have a positive impact on your health and bring down diabetes related risks, on a considerable scale.  Always buy this type of policy online as it gives you more choices and you are able to evaluate premium rates, sops, advantages and negatives of all existing policies available in the insurance sector.