Benefits of Having Critical Illness Insurance for Parkinson’s Disease

Posted on: Nov 1, 2021 | | Written by:

Benefits of Having Critical Illness Insurance for Parkinson’s Disease

Published on October 29, 2021. EST READ TIME: 3 minutes

Critical Illness Insurance Plan for Parkinson’s Disease- Health insurance

If you have seen the famous movie ‘Love and Other Drugs’, you already have an idea about what Parkinson’s disease is. It is a nervous disorder that progressively worsens and impacts your usual movements and balance. The cause is often not clear, but there is no doubt that this ailment can interfere with a normal lifestyle. If you suffer from Parkinson’s disease, you probably struggle to do simple tasks and require constant support from a caregiver. And while there is no cure for this disease, treatment is essential to slow down its progress. It can be costly though. Which is why, having critical illness insurance is so important.

What is Parkinson's disease (PD)?

As mentioned before, it’s a progressive nervous system disorder. It affects your ability to move. It has an adverse impact on the nerve cells in the brain that produce dopamine, a chemical that acts as a neurotransmitter and sends signals to other nerve cells. If you suffer from Parkinson’s, you are likely to exhibit symptoms like muscle rigidity, tremors, difficulty while walking, impaired balance and coordination, and changes in speech in the initial stage. These symptoms can get worse with time. Timely treatment can deal with such symptoms though, and with adequate care, you can lead a good life.

Things to know about Parkinson's disease

Here are a few things to keep in mind about this ailment:

While researchers are trying, the cause of the disease is largely unknown. And there is no cure for it. However, treatments may include medications, surgery, and lifestyle modifications that can relieve the symptoms and help you have a quality life.
Two patients are unlikely to have the same exact symptoms as the disease’s progression is a bit different in each case.
Symptoms can include movement problems, cognitive changes, mood disorders, hallucinations, insomnia, and even erectile dysfunction.
Because PD can reduce facial expression, patients may look serious or depressed even when they aren’t.
If you or a loved one gets diagnosed with PD, know that you are not alone. There are communities, help groups, and foundations that help you find donations, volunteers, or any additional help.

Benefits of critical illness insurance for Parkinson’s disease

A critical illness cover takes care of the treatment expenses associated with Parkinson’s. in other words, as part of the cover, you will receive monetary support from the insurer. This is important because you could be the sole breadwinner of your family, and you may not be able to earn while receiving treatment. The money is paid as a lump sum amount in one transaction and the policyholder is free to use the amount for treatment, recuperation aids, paying off loans, etc. The only condition is you get the amount after 30 days’ survival period after the first diagnosis.

What is covered in critical illness insurance?

Unlike an indemnity plan, in critical illness insurance, the payout is pre-defined. The policyholder gets that amount regardless of hospital expenses. The premium is low, and the coverage is big, which allows you to focus on getting better and not worry about finances. The cover will lapse once the insurance provider makes the payment. You can buy more than one critical illness policy and cover a certain set of ailments (cancer, heart attack, stroke, paralysis, kidney failure, etc.) through them.

Remember that critical illness insurance does not cover sexually transmitted diseases or accidents that happen during adventure sports or participation in any war. Any self-inflicted injuries, treatment for obesity, or any cosmetic surgery are not part of the coverage.

Any critical illness may require extended treatment and expenses are likely to rise with time. It can also hamper your ability to earn. And because your basic mediclaim policy will not cover medical expenses related to critical illnesses like Parkinson’s, you must have a separate critical illness cover. The policy renewal is easy, and you get the option of lifetime renewability as well. You can also get a tax exemption under section 80D.

Conclusion

Getting diagnosed with Parkinson’s disease doesn’t mean there is no hope. With the right treatment, love and care, you can lead a decent life. Just make sure your hard-earned savings stay intact by availing a critical illness insurance policy for Parkinson’s disease.

Disclaimer: The above information is for illustrative purpose only. For more details, please refer to policy wordings and prospectus before concluding the sales.

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