Diabetes is a condition which impairs the ability of your body to produce insulin, which helps your body turn glucose into energy. Diabetes is of 2 types, namely Type 1 and Type 2. Type 1 diabetes is a chronic condition where the pancreas produces little or no insulin. Type 1 diabetes is caused by genes or environmental factors.
On the contrary, Type 2 diabetes impacts the way your body consumes insulin. It is the most common form of diabetes and is called insulin resistance. Your body just cannot produce the insulin needed to maintain blood glucose at normal levels.
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India has the highest number of diabetic patients in the World. The number of Indians with diabetes would go to nearly 13 Crores by 2040. Around 5% of the Indian population suffers from Diabetes.
The National Programme for Prevention and Control of Cancer, Diabetes, stroke, and cardiovascular diseases was launched by the Government of India in 2010. The programme has not been successful in India as patients are not getting high-quality medical treatment in rural areas. Most patients go to private hospitals and avail costly medical treatment. The best way to avoid paying high medical expenses is to avail exclusive health insurance plan for diabetes.
Diabetes has become a common disease and treating diabetes is expensive. The expenses involved in the treatment of diabetes include the fees of the doctor, medical costs and hospitalization expenses. With this policy, consulting the best doctor is not a difficult task. Policyholders do not have to worry on purchasing expensive medicines. The health insurance policy for diabetes takes care of all medical costs.
Let’s assume that you have recently been diagnosed with diabetes. You must check if your existing health insurance policy (if any) covers the costs of insulin, meters and test strips. The best health insurance plan must have an adequate cover for diabetes. It should also include diabetes-related services, preventive care services, prescription drug coverage and restrictions.
See Also: Health Insurance Benefits
Diabetes Safe Insurance Policy is offered by Star Health Insurance Company. It offers both floater and individual cover for patients. The entry age for this plan is 18-65 years. The sum assured offered for this policy may be Rs 3 Lakh, 4 Lakh, 5 Lakh or Rs 10 Lakh.
The Apollo Munich Health Insurance Company offers Apollo Munich energy plan which covers hospitalization expenses from Day 1. The plan has no waiting period and is issued for a year. It is offered to Type 2 diabetes patients who are in the age group of 18-65 years.
National Insurance Company offers Varishta Mediclaim Insurance Policy, which covers senior citizens. The policyholder may opt for a 5% premium discount on each claim-free year until it touches 50%.
The best health insurance policy for diabetes is extremely useful for people with Type 1 and Type 2 diabetes. It keeps you financially safe from costly diabetes. Seek the help of a financial advisor to know more about health insurance for diabetes.
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