| The Importance Of Dread Disease Insurance |
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| Written by Eric C. Alexander |
| Thursday, 03 June 2010 12:30 |
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Dr. Marius Barnard is the founder of the dread disease insurance which was created in October, 1983. He made the basic insurance product in 1983 at South Africa and thus the insurance has then become a commonly available product in all the insurance markets.
Dr. Marius Barnard is the founder of the dread disease insurance which was created in October, 1983. He made the basic insurance product in 1983 at South Africa and thus the insurance has then become a commonly available product in all the insurance markets. The entire set-up of the insurance cover revolves around the fact that the policyholder receives large amount of money if it is detected that he/she suffers from a grave disease which is listed in the insurance policy. Dread disease insurance is under several names such as serious illness insurance, crisis cash, living assurance, critical illness insurance and critical insurance cover. Most of the insurance policies include a survival period clause in their policy which means that the insurer needs to stay alive for say a stipulated time after the illness is detected and confirmed in him or her. The concept of survival period is different in each company and most of the times it is between 28 to 30 days. The policyholder upon the knowledge that he suffers from a vital illness has to certainly put forward the actual analysis of the doctor with the specific tests and examinations which clearly verify that the person is indeed a sufferer of a medical ailment. The requirements of the submission of the diagnosis details varies from policy to policy and most of the times tests like the EKG alternations in myocardial infarction conditions are aptly submitted to confirm the proof of the illness. Most of the insurance companies in today's market however, follow similar rules and specifications in their policy which is helpful to most of the insurer's in order to understand the entire set-up of insurance policies and they do not have to be afraid of learning about the policies of each and every insurance company before they agree to enroll into one. Even though, the basics of the policy of the various insurance policies are somewhat similar yet the ailment list for each company differs. However, when the insurance was first started in 1983, heart attack, coronary artery by-pass, stroke and cancer were the four ailments which were included. Many acute illnesses are being included in the insurance policies which are mainly due to the rapid spread of diseases in the current world. Out of the several insurance covers, PruProtect has become an all-inclusive insurance package which covers up to 154 illnesses of which HIV/AIDS, blindness, deafness, Parkinson's disease, Alzheimer's disease, etc. are some of them. The major aspect of having an insurance cover is that it acts like a security in times of dire situations wherein if the policyholder is suffering from any acute illnesses then the insurance amount will help them to pay for their treatments, debts and also provide recuperation aids. Dread disease insurance is an absolute necessity in today's lives wherein there is acute uncertainty in all our lives about the various kinds of terminal illnesses which we can get hold of and in such dire circumstances the insurance cover can be put to great use. DISCLAIMER: This article is provided as information only and is not to be taken as financial advice. E. C. Alexander is certainly a specialist in the area of health insurance where he acts as coordinator for several clients. He is notably knowledgable in Dread Disease Versicherung where he supplies helpful guidance to small-scale firms. He also specializes on Private Krankenversicherung and related issues. |