Thread by @manju_dhake

Many of us get confused between Health insurance (HI) and Critical illness (CI)

Do you know the difference between these insurances??

Let us understand this in the thread🧵🧵🧵

1⃣Benefit:
HI covers hospitalization expenses where the stay in the hospital is at least for 24 hours and more. Though there are some Day care procedures too.

CI covers specified major ailments such as Stroke, Cancer, first heart attack, etc. on the first diagnosis basis

2⃣Expenses:

Health insurance pays for eligible medical expenses such as room rent, doctor consultation, nursing charges, etc on an actual basis

Critical illness pays a Lumpsum cover amount irrespective of the actual expenses basis the submission of the first diagnosis report

3⃣Waiting/Survival Period:

There is an initial waiting period of 30 days in the Health Insurance to avail the benefits in the policy

There is a survival period of 15 to 30 days in Critical Illness Insurance post-diagnosis to avail of the claim benefit

4⃣Claim Documents:
You need to submit the actual bills, doctor’s prescription, discharge card, etc. for claims under the Health Insurance policy

While, in Critical illness, there is no need to submit the actual medical bills for claim purposes

5⃣Purpose
The whole purpose of Health insurance is to Save-out of-pocket expenses should a medical emergency arise.

The Critical Illness cover amount received can be used for treatment costs, paying off debt, household expenses, etc.