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Is diabetes considered as critical illness in Health Insurance

  Do you know that up to 35 diseases or illnesses may be covered by critical illness insurance coverage. If you should be diagnosed with one of these conditions, this insurance offers a lump sum payment. While diabetes is not a covered condition, critical illness insurance does cover other conditions that may be related to diabetes.

What is Diabetes?

Diabetes is a long-term (chronic) illness that affects how your body converts food into energy. The majority of the food you consume is converted by your body into sugar (glucose), which is then released into your bloodstream. Your pancreas releases insulin when your blood sugar levels rise. In order for blood sugar to enter your body's cells and be used as energy, insulin functions like a key.

When you have diabetes, your body either produces insufficient insulin or uses it improperly. Too much blood sugar remains in your bloodstream when there is insufficient insulin or when cells cease reacting to insulin. That can eventually lead to major health issues like renal disease, eyesight loss, and heart disease. Although there is currently no treatment for diabetes, decreasing weight, eating well, and exercising can all be very beneficial.

Types of Diabetes

Type 1 Diabetes

An autoimmune condition called type 1 diabetes more frequently manifests in children but can potentially affect adults. Autoimmune conditions occur when the immune system mistakenly perceives a portion of the body as a threat and begins to attack it. When a person has type 1 diabetes, their immune system kills the cells in their pancreas that make insulin. Since Type 1 diabetes is an autoimmune condition, there are no known preventative measures. If you have type 1 diabetes, you’ll need to take insulin every day to survive.

Type 2 Diabetes

A metabolic disease called type 2 diabetes most frequently affects adults over the age of 40. Your body struggles to properly utilize insulin in type 2 diabetes, making it difficult to maintain normal blood sugar levels. The majority of diabetics  around 85 % are type 2.diabetes, It takes years to develop, and adults are typically diagnosed with it (but more and more in children, teens, and young adults). If you are at risk, it is crucial to have your blood sugar tested because you might not exhibit any symptoms. By adopting healthy lifestyle adjustments like these, type 2 diabetes can be avoided or postponed. 1) shedding pounds. 2) eating a balanced diet. 3) being energetic.

Gestational Diabetes

Women who have never had diabetes before who become pregnant can acquire gestational diabetes. If you have gestational diabetes, your unborn child may be more susceptible to health issues. After your baby is born, gestational diabetes typically disappears. However, it raises your chance of developing type 2 diabetes in later life. Your child has a higher chance of being obese as a youngster or adolescent and going on to acquire type 2 diabetes.

Prediabetes

In the world , 100 million adults—more than 1 in 3—have prediabetes. More than 8 in 10 of them don’t know they have it. With prediabetes, blood sugar levels are higher than normal, but not high enough for a type 2 diabetes diagnosis. Prediabetes raises your risk for type 2 diabetes, heart disease, and stroke. 

Management of Diabetes

 Diabetes is treated through the management of blood sugar and insulin levels. Less serious cases of type 2 diabetes can be managed through diet and exercise. For type 1 and more serious cases of type 2, condition management involves monitoring blood glucose levels and administering insulin in response. Some patients may have an insulin pump that automatically administers insulin while others might inject themselves with insulin. Each treatment plan is personalized to the individual in order to mitigate the effects and potential complications caused by diabetes.  

Most insurance companies will need at least two tests to evaluate your diabetes management before extending coverage. A glucose test or sugar reading is the first one. This test reveals your current blood glucose level. HbA1C or A1c testing is the second procedure. By detecting the quantity of glucose attached to your red blood cells, this test reveals your blood glucose levels during the previous two to three months. Higher glucose levels may be a sign of unhealthiness and ineffective diabetes care, which could increase the cost of insurance.

What is Critical illness

When a life-threatening sickness or other major health issue is discovered while the policy is in effect, critical illness insurance, which is normally obtained as a stand-alone policy but can also be added to a life insurance policy, pays out a tax-free lump payment to the insured. Critical illness insurance, unlike standard life insurance, pays benefits while the insured is still alive, helping them and their family cope with the financial and physical effects of a life-threatening disease. It should be noted that the critical illness insurance payment is only paid if the insured is found to have one of the specific covered illnesses. The insured is free to use the insurance payouts however they see fit.

Does Critical illness cover diabetes

No, diabetes is not covered by critical illness insurance because it does not pose a threat to life. However, diabetes-related consequences can be fatal and are protected by critical illness insurance coverage. For instance, critical illness insurance policies cover some of the health problems that can result from diabetes, such as cardiovascular disease, stroke, renal failure, limb loss, Alzheimer's, etc. If your family history puts you at risk for diabetes, it.If you have a family history of diabetes or are at risk for developing it, you should think about purchasing critical illness insurance to cover any potential problems. Consult your policy and any pre-existing condition exemptions to secure coverage for future illnesses. The best course of action if you are unsure is to speak with an advisor.

Can A person suffering from diabetes get critical illness cover 

If you already have diabetes, your options for critical illness insurance will be constrained. Your diabetes will be seen as a condition that preexists and increases your risk of developing ailments that are covered by critical illness insurance. The type of diabetes you have, any prior complications, and how effectively your diabetes is managed will all affect your potential coverage. The insurance provider might agree to cover you if your diabetes is under control, but there is a chance that you could have a poor insurance rating. You are still eligible for assured or streamlined critical illness insurance plans. It's best to seek critical illness insurance as soon as possible if you have a family history of diabetes because an insurance company's response to a diabetes diagnosis may significantly restrict your possibilities for coverage. While more accommodating, simplified or assured coverages may have a pre-existing condition exclusion as well as a 2-year waiting period. To find out what kind of coverage you're eligible for

What is covered under critical illness insurance?

The majority of insurance companies provide coverage for 35 conditions. This includes illnesses including blindness, amputation of limbs, dementia, cancer, heart attack, and stroke. Frequently, basic health insurance does not fully cover these problems and the ensuing costs. Critical illness insurance can provide excellent financial security, allowing you to concentrate on  what's most important: your health. The number of conditions covered under critical illness may vary from different insurance companies.

Can someone with diabetes purchase life insurance?

If you have diabetes, you can still get life insurance, but your options may be limited. 
The amount of life insurance coverage you receive will depend on your level of diabetes management, the kind of diabetes you have, and if you've experienced any complications. 
There's a strong possibility you could be approved for basic, medically underwritten life insurance if you are in good health and your diabetes is under control. 

To learn how your health and issues will affect your life insurance alternatives, however, it is best to speak with a financial counsellor, just like anyone with an underlying disease. In India we have seperate plans for those suffering from diabetes please consult your advisor or whatsapp me for any clarifications

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