Why critical illness insurance is key
Mumbai-based Prateek was struggling with the emotional and financial challenges of his father’s angioplasty treatment when he got another blow. He was himself diagnosed with kidney cancer. The combined bill for treating both was around Rs 10lakh. Unfortunately, the costs for therapies and surgeries in the same fiscal year exhausted the annual limit of Rs 5 lakh of his health cover. He had no choice but to rely on his savings for other expenses.