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Lic Term Plan For Diabetics

Diabetes Life Insurance

Diabetes Life Insurance

It is very possible to get life insurance if you have diabetes. Affordable life insurance is very likely available to you, especially if your diabetes is under control; you can usually get affordable rates if you respond well to treatment and lead a healthy lifestyle. Even if that is not the case, there are still ways to find the coverage you need. To keep your search for affordable life insurance efficient and your stress low, contact an independent agent in the Trusted Choice® network. Trusted Choice member agents have working relationships with multiple insurers and can track down harder-to-find insurance options. Contact one of these agents today to get several competitive quotes on life insurance for diabetes. Diabetes Statistics in the U.S. 25.8 million children and adults, or 8.3% of the U.S. population, have diabetes 18.8 million people have diabetes which has been diagnosed 7.0 million people have diabetes which is undiagnosed Can I Get Life Insurance as a Diabetic? You can get life insurance if you have either Type 1 or Type 2 diabetes, providing your diabetes has been under control for a period of at least 6 to 12 months. You can also get life insurance if you are insulin dependent. Diabetics who have their diabetes under control may or may not be approved for life insurance coverage if they have additional contributing health risks, such as: Coronary heart disease Smoking Obesity High blood pressure which is not controlled You will not typically be approved for life insurance policies if your diabetes is not under control. You may be able to purchase specialty life insurance options like guaranteed-issue life insurance, but you’ll pay hefty premiums for your coverage. Can I Get Diabetic Life Insurance Without a Medical Exam? You can get life insurance wit Continue reading >>

Typical Premium Loading For Diabetes Is 75-100%

Typical Premium Loading For Diabetes Is 75-100%

What is a double accident life insurance policy? Insurers have some way to go in making their product propositions and advertisements unambiguous. For example, double accident benefit could mean a benefit paid if you have an accident twice. Actually the phrase double accident life insurance refers to those insurances where double the sum assured is paid if the insured person dies due to an accident. Fewer than 10% of deaths take place due to accidents and so adding on an additional benefit due to accidental death is cost effective for both the insurer and the insured. There was a fire in my house recently and along with various possessions, the papers for my life insurance policy also got destroyed. Is there a way I can get a duplicate copy of the papers? If so, what is the procedure? The insurer will issue you a duplicate policy. The specific requirements vary by insurer but essentially consist of proof that the policy was destroyed and an indemnity that protects the insurer from misuse of a lost policy. The proof of policy destruction could be parts of the burnt policy or evidence of fire. The indemnity can be provided in a standard form provided by the insurer. Some insurers waive the requirement for an indemnity if you can prove that the document was destroyed by fire (or in a quaint exceptioneaten by white ants). I am diabetic and I applied for an online term insurance with an insurance company. They are insisting on a 100% increase in premium. Should I try another insurer or pay the loaded premium? Is it a standard practice to load premiums by 100% in case of diabetics? If I apply with another insurer, can I hope to get a lower rate now? The premium loading depends upon the type of diabetes. Loadings are generally higher for insulin-dependent diabetics. The typic Continue reading >>

Life Insurance For Type 1 Diabetics

Life Insurance For Type 1 Diabetics

There is a disturbing epidemic that has been occurring within the United States over the last decade. Obesity has become a big issue for many reasons, poor diet, lack of exercise, as well as hereditary conditions. As a result of all of these items, diabetes has become a much larger problem within our society. Majority of people with diabetes are diagnosed as a Type 2 Diabetic. However, there are a large number of people who are also diagnosed as a Type 1 Diabetic. Getting life insurance with any form of diabetes can be difficult, but life insurance for type 1 diabetics is achievable and can be done at an affordable rate. Getting Life Insurance For Type 1 Diabetics People with chronic conditions, specifically diabetics, did not ask for this disease, so it is unfortunate that insurance companies look at them in a different manner. While we do understand the reason life insurance companies have behind the way they price their policies, it still seems a bit unfair that so many families will go uninsured simply because the breadwinner of the family is a Type 1 Diabetic. Fortunately, there are quite a few solutions out there when it comes to finding the best life insurance for Type 1 Diabetics, it just takes a little more work than it would for the average person Costs of Diabetes The first and most important thing to understand, is that life insurance for Type 1 Diabetics is going to be more expensive than life insurance for non-Diabetics. There is simply no getting around this fact – diabetes is a disease that the insurance underwriters are going to view as a risk and they will price the plan accordingly. There is no way to hide Diabetes from them either – in fact, doing so could even be illegal. Take Time to Get Healthy That being said, it is a wise move to make sure y Continue reading >>

Health Insurance For Diabetics

Health Insurance For Diabetics

Diabetes Insurance Plans in India It is an irony that, though India is classified as “the diabetes capital of the world”, only a handful of insurers have come forward to specifically address the insurance needs of diabetics. Though insurance companies are quite interested in providing term insurance to diabetics, when it comes to health insurance, not many players out there are willing to provide diabetics with comprehensive coverage for the disease and its complications. The reason is quite obvious, even after taking into account the dreads of diabetes and its complications; there is a high probability that the insured will outlive the policy term. Therefore, taking into account the costs diabetics incur for their treatment and the medications required, insurers are evasive about providing these patients with comprehensive coverage that tackle such costs. Health Insurer's Offering Plan For Diabetics in India Diabetes features a number of easy to identify symptoms that include excessive thirst, frequent urination, fatigue, blurry vision and sudden weight loss. In the long term, the body takes longer to heal a wound and becomes more vulnerable to eye, nervous system and kidney damage. Diabetics find it difficult to find an affordable health insurance plan to cover diabetes-related medical costs. Most health insurance plans extend their exclusion to not only diabetes but also to complications arising from it. Currently available health covers that include diabetes and related complications do not provide it before a 4 year waiting period, post diagnosis. Certain policies that do provide diabetes coverage earlier than 4 years have very high premiums. In case of most health plans, diabetes and hypertension always features as an exclusion that are not included after 1, 2 Continue reading >>

Diabetes Insurance

Diabetes Insurance

PolicyandFunds.com we are one of the top Health Insurance Agent in Chennai, India. We are helping to choose perfect and bestHEALTH INSURANCE POLICY FOR DIABETES/ MEDICLAIM POLICYin India for Both Type I and Type II Categorized to our clients. Diabetes treated as a way of life issue and said to have brought each age assemble in India under its crease. Despite the fact that the condition can be rectified through an adjusted way of life or if nothing else safeguards can be taken to anticipate it to exacerbate further, many individuals are not ready to dispose of the disease and the related conditions. Therefore, a definitive advance taken by many is to go for a suitable medical coverage that gives scope to diabetes and related difficulties. List of Health Insurance Companies for Diabetes Type 1 & Type II Categorized in India There is certain health insurance plan for diabetic related insurance. They are provided from: Start Health Insurance Diabetes SafeInsurance Policy Apollo Munich Energy Health Insuranceplan Age 18 65 (who is already having Diabetes Mellitus) Diabetes is caused when there are large amounts of sugar in the blood because of the two reasons that is either because of the less insulin delivered by the body or because of the cells that dont react to the insulin created by the body. Type I Diabetes: It is called as insulin subordinate diabetes in light of the fact that the body cant create insulin in adequate adds up to change over the sugar/glucose into vitality and it winds up noticeably obligatory to give insulin shots to the body with the goal that the sugar in the body is used. Type II Diabetes: Type II Diabetes when cells progress toward becoming insulin safe cells dont respond to the insulin or insulin created is not adequate for the body. This prompts Continue reading >>

Is There Any Company In India Which Provides Term Insurance For Heart Patients And Diabetic Patients Who Are With In 40 Yrs Of Age?

Is There Any Company In India Which Provides Term Insurance For Heart Patients And Diabetic Patients Who Are With In 40 Yrs Of Age?

Answered Nov 17, 2016 Author has 122 answers and 111.2k answer views Hope you have a home loan, try applying for a home loan and you should get life insurance or at least till your loan is not closed. Add yourself as co-pay, if your father, mother or wife or son or daughter is working. At least add yourself as co-pay and later try getting a insurance. Star Cardiac Care Insurance Policy, this is a health insurance, atleast your health expenses are not affected. Search for other heart and diabetes related health insurance and apply for them. so atleast you are not burdened with health expenses. Open a Jan Dhan savings account, govt offers free insurance. 1 lakh Amount is less but something better than nothing. Try opening bank accounts, and get life insurance from few bank accounts. You should get these without any problems. Hope you are employed, pay extra premium and go for higher cover. However, you might have to undergo medical test as well through the employer. If nothing works, speak to the insurance company, tell the insurance company about your life expectancy with proper medical proofs and negotiate for a lower cover. Like apply for insurance cover from 3-4 companies for smaller amounts. If your condition is not severe, and you have all the possibilities of a normal life span you should get a life insurance. Apply for a credit card. Get a life insurance. Some credit cards also offer insurance for their customers along with the credit card by charging premium. Declare pre-existing disease and you will get the policy. You will get a lump sum amount if any complications like death or hospitalization due to some other condition not caused by your heart and diabetes. Try SINGLE PREMIUM LIC GROUP INSURANCE Group And see if you can apply for a non employer-employee hom Continue reading >>

What You Need To Know To Get Health Coverage For Diabetes?

What You Need To Know To Get Health Coverage For Diabetes?

What You Need to Know to Get Health Coverage for Diabetes? Diabetes is considered as a lifestyle disorder and said to have brought every age group in India under its fold. Though the condition can be corrected through a balanced lifestyle or at least precautions can be taken to prevent it to worsen further, many people are not able to get rid of the ailment and the related conditions. Consequently, the ultimate step taken by many is to go for an appropriate health insurance that provides coverage for diabetes and related complications. Further to the dismay of people who have contracted the disease already, there are not many insurance companies in India which attend to the needs of diabetics. There are a few insurance companies that provide critical illness cover under which they do provide coverage for diabetes but after a certain waiting period. If you want to get the specific coverage for diabetes, you can consider Diabetes Safe Health Plan from Star Health India or Energy Health Plan from Apollo Munich Health Insurance. But before discussing further about these policies, let us find out the types of diabetes and how we can get coverage for each type. Diabetes can be categorized into three types- Diabetes is caused when there are high levels of sugar in the blood due to the two reasons that is either due to the less insulin produced by the body or due to the cells that do not respond to the insulin produced by the body. Type I Diabetes: It is called as insulin-dependent diabetes because the body is unable to produce insulin in sufficient amounts to convert the sugar/glucose into energy and it becomes compulsory to give insulin shots to the body so that the sugar in the body is utilized. It is also called as auto-immune disease because the immune system recognize th Continue reading >>

Diabetes And Life Insurance

Diabetes And Life Insurance

By Easypolicy | 14 Jun 2012 | Term Insurance Payment of lump sum for critical illnesses Optional benefits for eye and foot problems Monetary incentives to maintain good health India is fast approaching the dubious distinction of being the Diabetes Capital of the World, with over 6.2 crore diabetics in the country. With diabetes assuming such serious proportions, it is important to get life insurance if you have been diagnosed with diabetes. Fortunately, there are specific programs in life insurance that are tailored towards the needs of diabetics and the best life insurance would be one that understands diabetes and serves diabetics just well to suit their unique needs and requirements. The best life insurance that is aimed at serving people with diabetes is one that caters for people with Type-2 diabetes, as well as those with the condition of pre-diabetes. While the central idea behind life insurance in this case is to provide financial support, you could get life insurance that also works to equip you with the resources to manage diabetes more effectively. Benefits of Life Insurance for people with Diabetes Payment of Lump Sum amount upon diagnosis of critical illnesses: Diabetics are at increased Risk of developing secondary health conditions. When you get life insurance, you would also be eligible to be covered in case of critical illnesses such as heart attack, coronary artery bypass graft, cancer, stroke, kidney failure or other health conditions that might require organ transplant. The best life insurance would stand by your side when there are complications associated with diabetes. Diabetics are considered to be at high risk of developing health complications associated with eye and foot. Life insurance aimed at diabetics would provide optional cover, in the Continue reading >>

Term Plans Are Good. Are You Good For One?

Term Plans Are Good. Are You Good For One?

Term plans are good. Are you good for one? The young, educated, healthy well-off and non-smokers get better term covers than older, less educated, low-earning and smokers Buy term. You must have read this a million times in these pages. If you are looking for a life insurance policy to protect your family against your untimely death, then the only product type to buy is a term insurance plan. But it may not be that easy to buy it. There are three possibilities that may play out when you try to: you may have to undergo additional medical tests or submit more documents, you may have to pay a higher premium, or in the worst case be denied insurance altogether. Several things determine your experience of buying a term policy. The important ones can be broadly categorised under health, income, educational qualifications and occupation. We tell you how you are assessed on these parameters. Insurance is the business of covering risks and for that the insurers charge a premium. To do this, it's important for the insurer to determine if the risk is insurable and the price appropriate. This process is called underwriting. Two kinds of underwritings are applicable in this case: medical and financial. Under medical underwriting your age and health status are reviewed. Insurers typically consider you for insurance if you are under 65 years of age. So if you are young and healthy, buying a term plan is a sitter otherwise insurers are cautious. "Obesity, diabetes and hypertension are the three important red flags... and we may ask for additional medical tests. We may decide to load the premium, but if the health condition is so severe that even loading doesn't price the risk appropriately, the customer is denied a cover," said V. Viswanand, senior director and chief operations office Continue reading >>

5 Ways To Save Your Term Insurance Premium

5 Ways To Save Your Term Insurance Premium

You are here: Home / Insurance Planning / 5 ways to save your Term Insurance premium 5 ways to save your Term Insurance premium Last updated: August 1, 2015 | by Basavaraj Tonagatti 40 Comments While buying a term plan, many will concentrate only on the comparison of Term Insurance Premium of different companies. However, there are other methods by which one can save their term insurance premium. Let us see them in detail. How you arrive at the sum assured requirement for your life insurance? In simple terms, these are based on below assumptions. You need money to cover your family expenses until your spouse dies or your kids get a job-To arrive at this value, you must know the current household expenses, number of years you need this income stream (up to the death of your spouse or job of kid), inflation of such expenses and suppose you die today then how much return you can expect from the corpus of term insurance maturity claim. Based on your financial goals-Insurance requirement for such goals be arrived at by considering the current cost of your financial goals. Based on your existing outstanding loans-You are clearing theinterestpart by paying the EMIs. Hence, you must consider the outstanding principal to arrive at insurance requirement. Let us take an example. First, we calculate the total amount of requirement for meeting your family expenses. Suppose your monthly expense is Rs.25, 000, inflation of such expenses is around 9% and you are sure that these expenses will be for the next 30 years. In addition, we have to consider the return on investment (when we invest the death claim amount of term insurance) to meet these expenses for next 30 years. I mean to say that how much amount you need today so that we invest that amount in any product and start to withdr Continue reading >>

Life Insurance For Diabetes

Life Insurance For Diabetes

Life Insurance for DiabetesCan you buy life insurance if youre diabetic? There is no one right answer for all diabetics, because the prices and availability can vary by person, depending on several individual factors, which may include: age, gender, health condition, family health history, and how you manage your diabetes. Today, even if you are insulin dependent, you may be able to find affordable life insurance for diabetics through a highly-rated life insurance company that specializes in finding diabetics the best plan and price for life insurance protection. We have partnered with JRC Insurance Group, which has a network of life insurance companies that specialize in providing life insurance protection for people with diabetes. Click Here for your Instant Life Insurance Quotes Theres no promise that every diabetic may find the life insurance they need, but if you are keeping your diabetes in check with a proper diet, and watching your weight, you may be able to find an affordable life insurance plan that meets your needs, and fits your budget. Whether you are an insulin dependent diabetic, adult onset diabetic, juvenile onset diabetic, or oral meds or controlled by diet diabetic, it may be to your advantage to use a free quote service like JRC Insurance Group that has worked with life insurance companies that insure people in your situation. The American Diabetes Association recommends ten foods that help keep your A1c low; these include beans, dark green leafy vegetables, citrus fruits, sweet potatoes, berries, tomatoes, fish high in omega-3 fatty acids, whole grains, nuts and low-fat milk or yogurt. Nearly 24 million Americans have diabetes, while an estimated 79 million Americans are pre-diabetic, according to the Centers for Disease Control and Prevention. Why Continue reading >>

Why You Should Get Diabetes Insurance Before It Is Too Late

Why You Should Get Diabetes Insurance Before It Is Too Late

Why you should get diabetes insurance before it is too late After the age of 45, the incidence of diabetes shot up by 20% for the age bracket 46-60 years and zoomed by 50% once the person crossed the age of 55. BENGALURU: India is already the global diabetes capital but things might become even worse in the coming days. Long working hours, lack of exercise and poor eating habits are taking a toll on the health of the Indians. There are 70 million diabetics in India today and the World Health Organisation estimates that this number will shoot up by nearly 45% to 101 million by 2030. Diabetes may not be as dangerous as cancer or cardiac ailments, but the treatment is no less expensive. The average monthly expense for a diabetic comes to anywhere between Rs 5,000 and Rs 9,000, which does not include actual treatment (consultation fee and diagnostic tests) costs or other medical tests. With additional complications, expenses can go up to Rs 20,000 a month, says Dr S Prakash, senior executive director, Star Health and Allied Insurance. Diabetes is a long-term ailment and therefore the average claim size is 90% higher...as compared to expenses related to other diseases, says Antony Jacob, CEO, Apollo Munich Health Insurance . A survey of eight-lakh corporate health insurance customers shows that one out of five workers either suffer from diabetes or hypertension.The survey was conducted by Apollo Munich Health Insurance. The survey also showed that things get worse as we grow older. After the age of 45, the incidence of diabetes shot up by 20% for the age bracket 46-60 years and zoomed by 50% once the person crossed the age of 55. Also, men are generally more affected than women. The number of claims by men for diabetes related ailments was almost 13% higher. The data from o Continue reading >>

How Types Of Diabetes Affect Life Insurance Premiums

How Types Of Diabetes Affect Life Insurance Premiums

For anyone who has an adverse health condition, obtaining the best life insurance coverage as a diabetic may prove to be somewhat difficult. Although in many cases, you can still be approved for coverage, it is oftentimes at a higher premium rate than the standard applicant. For those who have either Type 1 or Type 2 diabetes, you may have had difficulty in finding life insurance in the past. There is good news, though. You can be approved for life insurance – and in some cases, you may even qualify at Preferred premium rates. How Type 1 Diabetes Affects Life Insurance Premiums Type 1 diabetes is a condition where an individual’s pancreas produces little or no insulin, a hormone that is necessary for allowing sugar – or glucose – to enter into the body’s cells in order to produce energy. This condition, once referred to as “juvenile diabetes,” or insulin dependent diabetes, is much more common than its counterpart, Type 2 diabetes. There are many factors that may contribute to Type 1 diabetes. These may include genetics, as well as a person’s exposure to various viruses. While this type of diabetes will typically come about during one’s childhood, it can also begin in adulthood as well. Although a great deal of research has been done regarding Type 1 diabetes, at this time there is no known cure for this condition. It can, however, be managed so that individuals who have the condition can live longer and healthier lives. With this in mind, it is possible to qualify for life insurance coverage with type 1 diabetes – however, coverage is most often provided at a substandard rating. What this means is that you will be able to obtain a policy, however, the premium that is charged for this coverage will be at a higher rate than those who are of Standard, Continue reading >>

How To Get Life Insurance When You Have Diabetes

How To Get Life Insurance When You Have Diabetes

Life Insurance for Diabetics Life Insurance for Diabetics If you are someone who suffers from diabetes, you can purchase a life insurance policy which will not only offer you protection but financial coverage in time of treatment. The premium and the type of plan will depend on the level of your diabetes. Can I get life insurance if I have diabetes? is a question which plagues millions of diabetes patients in India. The instances of diabetes have worsened with time in India. According to a health study conducted on World health Day 2017, it was found that India is among the top 3 countries, along with china and USA, to have a high diabetic population. The count of diabetic patients has risen drastically from 11.9 million in 1980 to 64.5 million in recent years. The chance of a male or female likely to have diabetes has nearly doubled in the past few years, thanks to changes in dietary patterns and unhealthy eating habits. When it comes to life insurance and diabetes, there are many questions which beg answering. Would they be eligible to get life insurance? What questions can the insurer possibly ask before deciding to offer cover? How much will the cover cost? Do I have to undergo a medical examination? And many more. But rest assured, it is not impossible for diabetic patients to get a life insurance plan. In fact, it is not very difficult either. If your diabetes is under control, it will be far easier for you to get the kind of coverage you need at affordable rates too. Here we answer some commonly asked questions regarding life insurance for diabetics. Will I Be Eligible For Life Insurance If I Am Diabetic? When it comes to diabetes, there are different types Type 1 and type 2. Now, if anyone is suffering from whether of these two types of diabetes, they can get l Continue reading >>

Why Diabetics Get Life Cover, But Not Health Insurance?

Why Diabetics Get Life Cover, But Not Health Insurance?

Why diabetics get life cover, but not health insurance? Last Updated at January 24, 2013 02:10 IST Working on measures to control attrition: J Hari Narayan A case for longer health insurance policies Medical experts deliberate on health insurance, eye ailments ICICI Lombard inks pact with Meghalaya for health insurance HDFC ERGO launches top-up health insurance plan Have you ever wondered why people with diabetes are able to get term life insurance but not health insurance? An anguished post on the Apnapaisa website says: I am 40 years old and a diabetic but have no other health issues. I was recently able to get a 20-year term insurance policy for Rs 1 crore, though at a higher than normal premium. But all my efforts at getting a health insurance policy have been unsuccessful. This post (and similar ones) is both heartening and depressing. It is heartening because it clearly demonstrates a high level of insurance consciousness, which is what all personal finance professionals have been struggling to promote in recent years. It is depressing because it lays bare a very serious problem to which no thought seems to have been given so far. A little more than five per cent of population suffers from diabetes. In fact, India can definitely bag the dubious honour of being the diabetes capital of the world. But there does not seem to be any systemic solution in sight on availability of health insurance for this vast number. So, why are diabetics able to get term insurance (even if at a higher cost) but not health insurance? It is not too difficult to understand. Term insurance covers the risk of dying and pays a lump sum to the family of the insured person if he dies during the policy tenure, which typically will be till the age of 65 or a maximum of 70 years. Medical science Continue reading >>

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