Why you should buy a health insurance plan for diabetes patients?

Charlotte Miller

Updated on:

Diabetes has become quite a common word these days. Out of 10 people, you will find at least 6 of them diabetic. Although it is mostly related to genetics; these days many people are found to be diabetic because of their lifestyle choice also. However, once you are diabetic, you would require costly treatment and medication. It can also cause many other diseases for which you will need treatment. If you want to lessen the burden of treatment costs, you can buy a health insurance policy.

When you have a health insurance policy, it will cover your hospitalization cost of Type 1 and Type 2 Diabetes along with all the complications that are related to diabetes.

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Salient features a diabetes insurance plan

Health insurance for diabetes comes with various features. Some of them are mentioned herein below:

  • A diabetes health insurance plan should come with a cashless treatment option
  • It should support annual health checkups
  • It should have an automatic recharge of the sum insured
  • It should also come with the feature of life-long renewability
  • It should provide tax benefits on the premiums that you pay.

Significance of buying a health insurance policy for diabetes patients

Along with diabetes, diabetics tend to develop many more diseases. This makes them visit the hospital many times. As a result, it also becomes quite costly. However, with a health insurance policy for diabetes patients, you can get many benefits. Let us discuss some of them:

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Cashless treatment

One of the major benefits of purchasing a health insurance plan for the diabetes patients is the cashless treatment that you can get. In an emergency, you can get hospitalized in any of the network hospitals and avail of cashless treatment. This feature can help you in recovering faster as you will not have to be worried about paying the hospital bill in cash. 

Covers daycare treatment

This is yet another benefit of buying a health insurance plan for diabetes patients. There are health insurance plans that cover more than 170 daycare treatments.

Pre and post hospitalization costs

Covering the pre and post-hospitalization expenses is also one of the advantages that we must talk about. These are some of the expenses that we do not think about but take a major chunk of money. 

Types of diabetes health insurance plans

Here are some of the diabetes health insurance plans that you can take a look at.

Star Health Insurance Plan

The minimum age to buy this plan is 18 years, while the upper limit is 65 years. The sum insured that you may get out of this plan is INR 3/4/5/10 lakh. This can be bought by people who already have Diabetes Mellitus or those who are at risk of the disease. It is available on an individual as well as floater basis. The plan covers several complications that are caused by diabetes from the first day of the policy. 30 days before hospitalization, the pre-hospitalization costs are taken care of. And up to 60 days after the policyholder is discharged from the hospital, the post-hospitalization costs are taken care of. The plan provides 100% automatic restoration of the baasic sum which is not available for the floater policy. Under Section 80D of the Income Tax Act, 1961, the policyholder can get tax benefits. This plan also provides cashless hospitalization facilities in the network hospitals. There are two plans available which include Plan A and Plan B.

Apart from this, there are several other health insurance plans for diabetes patients that you can opt for. However, it is always prudent to compare all of them before choosing a particular plan. To find various such plans under one umbrella, you can visit the website of IIFL.