Comparison of Health Insurance Plans for Diabetic Patients

At present, very few insurers offer any kind of insurance cover to those who are afflicted with diabetes. Further, handful of insurers who offer exclusive cover for Type-2 diabetes have extended their health cover to include diabetes/hypertension/cardio problems. For Type-I diabetes, none of the insurance companies offer any cover as of now. If there is a family history, you may want to buy insurance immediately. Consumer VOICE presents a comparison of 5 Health Insurance Plans for Diabetic Patients of parameters like entry age, sum assured, waiting period, per and post hospitalization and many more.

Brands Description :   Apollo Munich ( Energy), National Insurance (Parivar Mediclaim), Max Bupa ( Heartbeat), Religare (Care Freedom), Star Health (Diabetes Safe)

Did you know that by the year 2030 diabetes will become the 7th leading cause of death on a global level. By the year 2025, every fifth patient in the world will be an Indian (as per WHO estimates). The age of patients can be anywhere from 20 to 60. This make one think how to do protect ourselves then. Both types of diabetes are costly. The fact is, the disease has the power to disrupt a family's finances. At present, very few insurers offer any kind of insurance cover to those who are afflicted with diabetes. Further, handful of insurers who offer exclusive cover for Type-2 diabetes have extended their health cover to include diabetes/hypertension/cardio problems. For Type-I diabetes, none of the insurance companies offer any cover as of now. If there is a family history, you may want to buy insurance immediately. We make a comparison of heath insurance plans for diabetic patients and reveal the best buy, good buy and fair buy.

Exclusions in Policies (General)

  • Any pre-existing condition (which would be covered after a waiting period)
  • HIV/AIDS and related ailments/diseases
  • Congenital diseases
  • Mental disorder or insanity
  • Cosmetic surgery and weight-control treatments
  • Abuse of intoxicant or hallucinogenic substances like intoxicating drugs and alcohol
  • Dental treatment

Hospitalisation due to war or an act of war, or due to a nuclear, chemical or biological weapon, and radiation of any kind

Let us look at how to compare diabetic insurance plans:

Brands Compared

  • Apollo Munich ( Energy)
  • National Insurance (Parivar Mediclaim)
  • Max Bupa ( Heartbeat)
  • Religare (Care Freedom)
  • Star Health (Diabetes Safe)

Parameters Compared

  • Maximum entry age
  • Minimum entry age
  • Minimum sum assured
  • Maximum sum assured
  • Co-Payment ( in %) maximum
  • Diabetes waiting period
  • Pre- hospitalisation
  • Post-hospitalisation
  • Daycare treatment
  • Pre-existing disease ( PED) waiting ( in years)
  • Sublimit for each expense
  • Policy term ( period) in years
  • OPD cover
  • Policy options
  • Optional cover
  • Consumer feedback

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