What is a Diabetes Insurance Plan?

Health Insurance Policy For Diabetes – Features, Benefits & Eligibility

An unhealthy lifestyle, lack of exercise, poor diet, and stress are the major contributors to the rising cases of diabetes in India. If untreated, this condition can lead to complications like heart disease, nerve damage, vision loss, kidney damage and more. Now, being long-term in nature, the treatment of diabetes can be expensive. 

In some cases, it can go up to ₹3 lakhs per year, based on the severity, complications and treatments required. Having a diabetes insurance plan can not only help cover such costs but also get cashless hospitalization without any upfront expenses.    

About Health Insurance Policy For Diabetes

Diabetes Health Insurance Policy offers the following features:

• It is specially designed for individuals with Type 1 and Type 2 diabetes, providing coverage for diabetes-related complications as well as other illnesses.
• This policy can be taken as an Individual plan or a Floater plan, with the Floater option available exclusively for two family members.
• Anyone between the ages of 18 and 65 years can avail of this policy while ensuring comprehensive health coverage.
• You can also get coverage for outpatient expenses at network hospitals and diagnostic centres, subject to the policy's specified limits.
• Premium payment options include - every six months, yearly, every two years, or every three years.

What Does Diabetes Insurance Cover?

Comprehensive overview of the coverage:

Outpatient (OPD) Coverage

Health insurance generally covers outpatient expenses at network hospitals, including medical consultations, medicines, diagnostic tests, and drugs, up to the policy’s specified limits.

Hospitalization Coverage

You can get comprehensive coverage for hospitalization expenses due to both diabetes-related and non-diabetic illnesses while ensuring financial support during medical emergencies.

Coverage for Modern Treatments

Some health insurance covers a wide range of advanced treatments, such as: 

●  Uterine Artery Embolization 
●  Robotic Surgeries 
●  Balloon Sinuplasty 
●  Oral Chemotherapy 
●  Deep Brain Stimulation
●  Immunotherapy 
●  Radiosurgery 
●  Laser Prostate Treatment and more 
●  Personal Accident Cover

Tax Benefits

Enjoy tax savings under Section 80D of the Income Tax Act, 1961, when you pay your insurance premium through any mode other than cash. 

Who Should Get Health Insurance for Diabetes?

The following individuals should consider buying health insurance for diabetes:

• People with a family history of diabetes are at higher risk of developing the condition.
• Overweight or obese individuals as excess weight increases the chances of diabetes.
• People above 45 years of age are at a major risk of diabetes.
• Individuals with a sedentary lifestyle and a lack of physical activity (less than three times a week) also raise the risk.
• People with non-alcoholic fatty liver disease (NAFLD) as this condition is linked to diabetes.
• Women with a history of gestational diabetes have a higher risk of developing diabetes later on in life.
• Women who have given birth to a baby over 4 kg have an increased likelihood of future diabetes.
• Women with PCOS (Polycystic Ovary Syndrome) as they are more prone to gestational diabetes.

Also Read:

→ Reasons to Add Beetroot to Your Diabetes Diet

→ Why Are Some Patients With Diabetes Treated by Giving an Injection of Insulin

→ Can Papaya Help Manage Diabetes Effectively

→ Is Guava Good for Diabetes

→ Is Jaggery Good for Diabetes