Future Generali India Life Insurance Company Limited is now Generali Central Life Insurance Company Limited. Generali Central Life Insurance Company Limited – A joint venture between Generali – one of the world’s leading insurers and Central Bank of India, India’s finest nationalised bank.
Future Generali India Life Insurance Company Limited is now Generali Central Life Insurance Company Limited. Generali Central Life Insurance Company Limited – A joint venture between Generali – one of the world’s leading insurers and Central Bank of India, India’s finest nationalised bank.
Should you opt for regular health insurance or critical illness cover?
3 mins
4.4KHow different are they?
A health insurance plan covers actual expenses, including room rent, doctor's fee, ambulance charges and medications administered during hospitalisation. The reimbursed amount will be only to the extent of the actual costs or expenses incurred, and nothing more and may have limits.
Acritical illnesspolicy covers serious illnesses, surgical procedures or life-threatening ailments which can make a big dent to your financial plan. The specific set of illnesses covered is listed in the health insurance policy. You do not need to be hospitalised to make a claim. Once you are diagnosed, and the situation conforms with the policy's terms and conditions, a lump sum is paid you. You can use this money for meeting future expenses, replacing income, home nursing, getting a second doctor's opinion, travel expenses etc.
Let's compare the two plans to find out which one suits you better:
Which is better?
Since both policies serve the unique needs of different medical situations, a comparison to ascertain which one is better is not fair. One cannot substitute for the other as they have different purposes. However, opting for both would definitely boost your health insurance coverage and ensure a more secure future.
References:
[1]https://www.policybazaar.com/health-insurance/health-insurance-india/
[2]https://www.policybazaar.com/health-insurance/health-insurance-india/
[3]https://economictimes.indiatimes.com/wealth/insure/how-to-choose-the-best-health-insurance-policy/articleshow/49514375.cms
[4]https://www.livemint.com/Money/QjKsE2eaRdbD03BWZLVuVK/Looking-for-a-health-plan.html
[5]https://economictimes.indiatimes.com/tdmc/your-money/all-about-critical-illness-plans-and-how-to-choose-one/tomorrowmakersshow/51810014.cms
[6]https://economictimes.indiatimes.com/wealth/insure/5-reasons-your-term-plan-needs-critical-illness-benefit/articleshow/50671244.cms
[7]https://www.businesstoday.in/moneytoday/insurance/how-to-choose-the-best-critical-illness-insurance-plan/story/188491.html
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Get Expert Advice from Your Trusted Life Insurance Partner!
Have questions? Get help and reliable support from experts at Generali Central India Life Insurance.
Explore Knowledge Centre
From insurance basics to wealth-building strategies — everything you need, in one place.
Got Questions? We’ve Got Answers!
Here are answers to some of the questions you might have.
Life insurance is a financial safety net that supports your loved ones in your absence. If something happens to you, it provides them with funds to help cover everyday expenses, repay debts, and achieve future goals. It gives you peace of mind, knowing your family’s financial future is secure— no matter what.
The right plan depends on your needs.
Start by assessing your life stage, financial goals, and the needs of your family. Consider factors like your income, outstanding loans, future expenses and goals (like children’s education, foreign travel, study abroad), and desired coverage amount. We offer a wide range of plans that cover multiple goals and budgets. To get a better idea and make a confident choice consult with a financial advisor or call us on 1800 102 2355.
A good rule of thumb is to aim for coverage that's 10–15 times your annual income. Consider your family’s living expenses, outstanding loans, children’s education, and long-term goals. The right amount ensures your loved ones can maintain their lifestyle and meet future needs— even in your absence.
We would love to help you choose and buy the right policy for your needs. Call our toll-free number 1800 102 2355 or drop us an email at care@generalicentral.com.
Reach out to us in any way that you prefer, and our team of experts will soon get back to you!
Disclaimers
Understand your policy better with key details and insights into our Generali Central Life Insurance.
This Product is not available for online sale. Life Coverage is included in this Product. For detailed information on this plan including risk factors, exclusions, terms and conditions etc., please refer to the product brochure and consult your advisor, or, visit our website before concluding a sale. Tax benefits are as per the Income Tax Act 1961 and are subject to any amendment made thereto from time to time. If you have any request, grievance, complaint or feedback, you may reach out to us at care@generalicentral.com For further details please access the link: www.generalicentrallife.com/customer-service/grievance-redressal-procedure.
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