23/09/2020
Critical illness comes with serious costs. Here’s what you need to know.
There is no fast and easy way to deal with any critical illness. You need to use a combination of preventive and preparatory measures so that you won’t be caught off guard when the worst happens.
A surgical package deal for an open heart surgery in a government hospital can range from ₱300,000 to ₱600,000, depending on the complexity of the illness. The price of Coronary Artery Bypass can easily skyrocket to ₱1 million.3 Treatment for cancer and chronic respiratory diseases can be equally crippling and the list of expenses do not end there.
Critical illnesses often come with expensive post-surgery care and lifestyle changes. Depending on the specific ailment, patients may be required to undergo rehabilitation or may need round-the-clock assistance from a caregiver. There are also non-medical items that need to be purchased for personal comfort.
It is a common misconception that life insurance is all about death. But depending on how a specific policy is crafted, your life insurance can help you enjoy living benefits and provide added protection for life’s unexpected realities.
A critical illness rider or product provides lump sum cash to the insured upon diagnosis of specific health conditions outlined in a policy. The conditions covered will vary per company, but they typically include heart attack, heart valve surgery, Alzheimer’s disease, blindness, brain injury, cancer, cerebral palsy, and more.
Source:
https://www.prulifeuk.com.ph/en/our-company/blog/protecting-your-future/2019/critical-illness-comes-with-serious-costs/
