According to the 2011 Census reports, there are around 26.8 million individuals suffer from different chronic disabilities. Presently in India, there are only a few insurance companies that offer specific critical illness insurance coverage to differently-abled individuals. However, most of these policies do not really provide complete benefits to the insured. For long, there has been a debate on why Indian insurance sector is hesitant in offering comprehensive coverage to individuals with disabilities.
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In order to help out people with disabilities, Indian government has introduced various schemes to provide such people with some relief and relaxation in relation to their health insurance policies. But here’s the deal: Such government schemes only cover the basic medical treatments and no extra coverage is offered for intense medical treatments.
There are some private insurance firms too that offer necessary coverage to the people with disabilities. However, such plans are usually very expensive. Simply stated, there are very few insurance benefits that a person with disability has at his/her disposal.
People suffering from one of the below mentioned disabilities are considered to be specially-abled:
Individuals with congenital disability and mental disability fall under the high risk category. Therefore, these individuals are not eligible for the complete coverage of critical illness insurance policy. However, those with accidental disability are eligible for health insurance coverage. The accidental disability benefit is offered either as a part of the policy or as a standalone rider benefit.
You may like to Read: Myth Busted! Health Insurance for the Disabled in India
Though there are no specific or tailored critical illness insurance policies for those with disabilities, the government of India provides a health insurance options to provide some relief to differently-abled individuals.
If the family’s monthly income is less than Rs. 15,000, then the policy holder is liable to pay only Rs 250 as the fixed premium payout. But if the monthly income of family is over Rs 15,000, then the premium to be paid is Rs 500.
This plan has been carefully designed to make sure that the insured is able to pays a single premium in one-go and avail the coverages at any time for medical treatments. It is important to remember that this health insurance policy is available only for those disabled individuals who have family income lower than Rs 30,000.
In addition to these brilliant government-sponsored health insurance schemes, HDFC ERGO Health (Formerly Known as Apollo Munich) Health Insurance Company also offers special coverage for disabled individuals. Remember,
As discussed above, the eligibility for insurance coverage depends on the risk scale of the insurance seekers. But risk rate is not the only criteria; there are many other factors that impact the eligibility of a disabled individual.
So there you have it - three important factors that decide the eligibility of disabled individuals for a health insurance plan.
If you are suffering from disorders that don’t affect the mobility of the body, then you can easily avail a health insurance plan. Some such disorders include amputated foot disability, speech disability and learning disability. But, be ready with your medical test reports from a registered doctor, as the insurer will definitely ask for them. Don’t forget to check out for the premium and amount of coverage being offered.
Disclaimer : *Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
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