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The importance of Diabetes coverage in a health insurance plan

By Priya Deshmukh Gilbile

Diabetes is known to be one of the most common chronic disease, which overtime if not managed can cause serious health problems, such as heart disease, vision loss, and kidney disease. Alarmingly, India has the second-largest adult diabetes population in the world. Nearly, every sixth person with diabetes in the world is an Indian as per Indian Council of Media Research (ICMR).

One cannot know for sure if they are susceptible to diabetes as it relies on various factors including age, weight, family history, genetic composition, and most importantly, lifestyle habits. This chronic disease can even turn into a life-threatening one, thus, people should opt for a health insurance plan that covers diabetes. By doing so, they can keep both – their finances as well as health in check. Additionally, a health insurance plan acts as an investment against unforeseen circumstances that might arise at any time and plunge a person’s family into a terrible financial crisis.

On World Diabetes Day, let’s explore a few of the crucial benefits of a health insurance plan that covers diabetes.

Advantages of health insurance plan with Diabetes coverage

Financial Coverage: The costs of hospitalization, today for getting treated for a major disease or chronic disease can cause a major dent in your savings. Thus, in the face of sudden hospitalization, a health insurance plan with adequate coverage ensures that all your healthcare expenses are taken care of even while prices of both hospitalization and medicines are skyrocketing every year. A sufficient health cover secures from unwarranted stress, safeguards your long-term financial goals thus, helping you to remain in good health and ensures financial security in the long run.

Condition Management Program: Diabetes or other chronic disease may restrict one from leading a normal lifestyle. Hence there are some insurers who offer built-in Condition Management Program under their specialized healthcare insurance plan, which allows you to track your current health status and rewards you for bringing about positive improvements in your health and well-being. At the end of the program, ‘Health Scores’ are calculated based on the improvement in your health parameters, and you also get to earn valuable reward points that can be utilized as discount in the renewal premium, which help make it easier and more affordable for you to manage your diabetes. And that means you have less to worry about on your journey towards better health.

Shorter Waiting Period: If one is diagnosed with diabetes before purchasing the insurance coverage, it is considered a pre-existing condition, wherein there is a waiting period of two to four years, depending on the insurance provider. Also, there are very limited insurance options for the customers suffering from the chronic conditions. However, if you do a good research, you will come across some specialized healthcare insurance plans in the market that also covers conditions like diabetes, hypertension, asthma, obesity and dyslipidaemia, and what’s more it has a shorter waiting period of only 90 days. This plan is good for people with diabetes, as it provides you not just insurance but a complete world of care.

Unlimited Tele-Consultation including specialists:
Some specialized healthcare insurance plans offers unlimited tele consultations in major Indian languages with Doctors, including specialists to help take better care of health and to ensure complete all round protection. Tele-consultation benefit helps in keeping a tab on one’s health, ensuring 24X7 immediate care.

Annual Health Check-up: The majority of health insurance plans in the market provide free of charge Annual Health Check-up each policy year (including the first year), for all Adult insured persons who have completed 18 years of Age. This package is complementary for you and mostly offered on cashless basis only. Thus, it’s important to look for insurance that offers Annual Health Check-up, as a proactive approach to the health.

To conclude, if one already has a health insurance plan in place, it’s a good idea to review the coverage. On the other hand, if one does not have health insurance, it is vital to get a specialized healthcare insurance plan as soon as possible in order to preserve one’s physical, emotional, and financial health at all times.

By Priya Deshmukh Gilbile, Chief Operating Officer, ManipalCigna Health Insurance

(DISCLAIMER: The views expressed are solely of the author and ETHealthworld does not necessarily subscribe to it. shall not be responsible for any damage caused to any person / organisation directly or indirectly)