Critical illness cover for diabetics: How does this work?
Sad to say, it may not work at all. The fact is, that for those who have diabetes, it may be quite hard to get critical illness cover. You see, most of the critical illnesses such as kidney failure, blindness, heart disease and the need for organ transplant are complications caused by diabetes mellitus.
A Background on Diabetes
Diabetes mellitus refers to the condition where one’s body has difficulty controlling the increase of sugar levels since the body cannot produce enough insulin or, even though there is enough insulin, the cells don’t respond to the insulin the way they should.
The three main types of diabetes are Type 1 diabetes, Type 2 diabetes and gestational diabetes (or diabetes in pregnant women).
Getting Critical Illness Insurance When You Have Diabetes
It is important that you disclose in your application that you have diabetes. Of course, this can mean that your application can be rejected by the insurance company. But this is better than getting covered because you failed to disclose your diabetes, only to find out when you claim that your claim has been denied.
Now, after hearing all this “bad news”, don’t fret. There still is hope of getting critical illness cover even if you already have diabetes. If you diligently search for companies that offer critical illness policies to diabetics, you will surely find one. This is particularly true if your diabetes is still manageable and that you are faithfully following a strict diet and exercise regimen to help control your sugar levels.
However, it is important to remember that it may cost you much higher to get this coverage. Also, if the critical policy is issued, there may be exclusions on critical illnesses that are directly related to diabetes.
Getting Critical Illness Cover While You’re in the Pink of Health
Our recommendation is that while you are healthy and have not yet been diagnosed with diabetes, you should already think about getting critical illness cover, as well as other kinds of insurance – life insurance and the like.
Recommended useful information to read:
- Are you at risk? Critical Illnesses you may be susceptible to
- Things to consider before getting a critical illness insurance policy
- What you should know about Your Critical Illness Cover: The exclusions to your policy
- Save Up on Premiums: factors that affect Your Critical Illness Insurance premiums
- Dos and Don’ts When Making Critical Illness Insurance Claims
