As the rate of illness is increasing with each passing day, it has become imperative for every single person to avail the health insurance, especially the elderly people. One of the most common health policies is a critical illness policy. This is the primary growth sector of the coverage as the policy provides protection against unexpected diseases, the illness which are chronic and which involve a lot of money.

There are many diseases which are endangering and life-threatening like heart diseases, kidney failures, burns, cancer, and so on. For such cases, the critical illness health policy is imperative, and it does save a lot of bucks. But, there are certain things with you need to keep on mind while choosing a critical illness policy. Let’s have a look at them!

1. Family and dependents

The policy can either cover for your health or for your family also. So, it is up to you whom you wish to include in the beneficiary list of the policy and whom you don’t. So, make a list first about the people who are dependent on you and who should be included in the policy alongside you. Once done, take note of the age because the policy terms vary according to that number.

Additional Read: Essential Things To Consider Before Buying A Critical Illness Policy

2. Financial condition

With the doubling medical fares in every country, it is very wise to think before deciding. That being said, your financial situation will determine what should be the policy amount. If you are financially stable and can afford the maximum of the hospital charges and others, then a lower valued policy claim will definitely satiate you.

3. Health

Another essential factor to consider is health. Depending on the health condition, the policy amount and its terms and conditions will vary.