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Modern-day lifestyle, food habits, and stress are some of the major contributing factors to the increasing number of lifestyle disorders in today’s era.
In case of an illness, one would need immediate medical assistance without worrying about the financial element associated with seeking the treatment. This is where critical illness coverage comes into the picture.
Critical illness insurance policy provides financial coverage against critical, and long-term illnesses that require expensive amounts of money for treatment
Best Critical illness insurance policies are designed and developed to provide a lump sum in case the policyholder or any of the insured family member is diagnosed with a critical illness. With the right critical illness insurance policy, you can ensure that you and loved ones are safe against critical illnesses on the trail of life.
Critical illness may be defined as an ailment/sickness/disease such as tumour, cancer, organ failure, heart attack, etc. that require immediate and intensive medical assistance. The health care system in the UAE is quite efficient, but at the same time is very expensive. Therefore, to make sure that you and your family members are safe against critical illness it is vital to get best critical illness coverage.
The list of 36 major critical illness that is usually covered by Best Critical Insurance Companies under health insurance plans are as follows-
Critical illness policy acts as your perfect companion and provides required financial support in the form of a lump sum when any of the insured members are diagnosed with a critical illness. Furthermore, the right Critical Illness plan would not burn a hole in your savings, instead you will be able to easily afford the premium for the policy.
Purchasing Best critical illness policy is a wise-move that makes it easier for the policyholder to tackle life-threatening diseases and situations. Lower premiums and high lump-sum help you to focus on your goals and health without worrying about the future. The average range of premium for critical illness insurance plans in the UAE is AED 200 to 2500 depending upon the provider and the average range of cover varies from AED 200,000 to AED 500,000. The premium and covers are provider and plan specific.
Here’s a quick rundown on the various major features of critical illness policies in UAE-
As mentioned earlier the modern-day lifestyle is strenuous and does not provide enough time to properly look after our health and lifestyle. As a result, we are highly-prone to life-threatening critical illnesses that can have a debilitating effect on the overall life of the patient and family members. Typically, the treatment of these diseases requires huge amounts of money which leaves the family members of the affected shattered physically, financially, and emotionally. To safeguard your family members against critical illness, opting for the Best critical illness policy is important. Critical illness coverage ensures that your loved ones get the right treatment without worrying about finances.
Some of the best critical illness plans in the UAE are as follows-
Zurich is a Switzerland based insurance provider that renders services all across the globe. The Zurich critical illness coverage provides financial coverage in case the policyholder or any of the insured is diagnosed with the ailment.
MetLife is a global market-player in the insurance industry that offers a wide array of insurance products and services not just in the UAE but all across the globe. With the MetLife critical illness insurance coverage, you can get protection against various critical illnesses.
Mashreq bank is one of the most popular shariah-compliant financial institution that offers a plethora of services from credit cards to insurance. The Mashreq medical insurance is there to take care of your financial needs during phases of turmoil. The policy offers coverage against nine critical illnesses and provides coverage in the form of lump sum.
The major benefits of critical illness insurance cover are as follows-
Critical illness insurance coverage plans are usually available as add-on riders along with health insurance and life insurance plans. When you are opting for life insurance/health insurance, most of the providers offer add-on riders that can be purchased by paying an additional premium over the price of health/life insurance.
The basic idea of getting a life insurance policy with critical illness coverage is to enhance the protection quotient offered by the health/life insurance policies
Based on the factors mentioned below one can choose the best critical illness insurance in UAE-
The first factor that is crucial in choosing the best critical illness insurance in the UAE is the sum assured or the coverage offered by the plan Furthermore, it is also important to look out for a plan that offers coverage against the maximum number of critical illnesses, a minimum of 37.
While critical illness cover is usually available as a rider with health/life insurance policy in the UAE, some of the providers offer in-built coverage. While choosing a plan that offers built-in coverage make sure you compare different plans online and offline to get the best plan.
As mentioned earlier, under critical illness insurance providers do not cover pre-existing illnesses, however, some of the plans do cover them but after a period of 48 months. The coverage and clauses are subject to vary from provider to provider, therefore, read the fine print of the policy before purchasing the plan.
Most of the critical illness insurance companies offer a 15-day free- period to decide and make up your mind whether you would like to go for the plan or not. During this period if you find the plan unsuitable or not up to your needs you can apply for a refund and get your money back.
Try and opt for a provider that has a high claim settlement ratio in comparison to other providers as the probability of receiving the sum assured is higher when you choose a provider with a high CSR.
Considering the rising costs of health-care services and inflation, it is vital to purchase comprehensive health insurance that protects your loved ones against lifestyle-disorder and other illnesses. It has been observed and seen that critical illnesses are genetic and there is a high probability of contracting them in case any of your family members has been diagnosed with it in the past. People with a family history of critical illnesses and primary breadwinners should definitely opt for Best critical illness insurance.
The eligibility criteria and documents required for critical illness insurance is as follows-
Eligibility Criteria
Documents Required
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Policyholders can opt for the following steps to file a claim under a critical illness insurance policy-
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Here is a quick comparison between critical illness cover and health insurance plans in the UAE-
Critical Illness Insurance |
Health Insurance Policy |
Covers life-threatening critical illness |
Provides comprehensive health coverage |
Hospitalization is not mandatory to apply for the claim |
Policyholder can get reimbursement of bills by submitting to the insurance provider |
It provides Illness coverage against 37 critical illnesses. |
Providers extensive coverage against a variety of medical conditions |
Usually comes with a waiting period based on the type of pre-existing illness |
Offers extensive coverage, that includes pre-and post-hospitalization expenses. |
Typically comes as an add-on rider |
Usually comes as comprehensive health insurance |