Health Insurance for Diabetes

Everyone knows the importance of having health insurance. Even if one takes good care of their health, they can develop health conditions at any time, which can be financially strenuous for many. This is where health insurance can help you to cover any health-related expenses such as medicines and hospitalization. But things can get a bit more complicated when it comes to diabetes, and due to the extra care and attention required by diabetics, the health insurance for diabetes might not be as straightforward.

Diabetes: A Growing Concern in India

Diabetes is rapidly becoming one of the most prevalent health issues in the world, with India notably being called the “Diabetes Capital of the World.” Over 50 million Indians are affected by type 2 diabetes, and the number is expected to rise significantly. The World Health Organization (WHO) predicts that by 2030, around 87 million people in India will have diabetes. This surge in cases is largely due to lifestyle choices such as poor diet, lack of exercise, and stress. As a result, diabetes is no longer just a disease of older adults; it is increasingly affecting younger generations as well. To combat this growing epidemic, doctors emphasize adopting healthier habits, including:

1. Regular exercise
2. Reducing the intake of sugary drinks and processed foods
3. Getting adequate sleep

Additionally, regular monitoring of blood sugar levels and taking prescribed medications are crucial to managing the condition and preventing complications. By making these lifestyle changes and staying on top of your health, you can significantly reduce the risk of diabetes or better manage the disease if you’ve already been diagnosed.

Understanding Diabetes

Diabetes is a metabolic disorder that causes elevated levels of glucose (sugar) in the blood. Under normal circumstances, the food you eat is broken down into glucose, which is then converted into energy by a hormone called insulin. However, in people with diabetes, the body either does not produce enough insulin or is unable to effectively use the insulin it produces, resulting in high blood sugar levels. There are two main types of diabetes:

1. Type 1 Diabetes: This type occurs when the body cannot produce insulin at all. It is also known as insulin-dependent diabetes because individuals with type 1 require insulin injections for survival.
2. Type 2 Diabetes: This type occurs when the body either produces insufficient insulin or becomes resistant to insulin. It is most commonly seen in adults over the age of 30 but is increasingly being diagnosed in younger people due to lifestyle factors.

If left unmanaged, diabetes can lead to serious complications, including damage to the eyes, nerves, and kidneys. It also increases the risk of cardiovascular diseases, such as strokes, and may even result in the amputation of limbs in severe cases. Pregnant women can also develop gestational diabetes, which can pose risks for both the mother and child. Managing diabetes involves regular physical activity, a balanced diet, weight management, and medication. Regular glucose monitoring is essential to keep sugar levels under control and reduce the risk of complications. Since it needs special care, it can put the family under financial strain. It can lead to the medical bills piling up and can be a definite emotional and monetary burden. Therefore, when availing health insurance for diabetes it is important to consider a few things and keep certain factors and perimeters in mind -

What does Diabetes Insurance Plan Cover?

When getting health insurance for diabetes, see what the scope of the coverage is. This is crucial as it determines the total sum assured that the patient will get. The diabetes insurance must cover the cost of doctor visits, medicines, insulin shots, extra medical support, and any complications that might arise due to diabetes. Any case of insufficient coverage will require you to additionally pay from your own pocket at the time of hospitalisation.

What Is the Waiting Period for Diabetic Health Insurance?

Diabetes is an ailment that is considered as a pre existing disease in health insurance and thus requires a waiting period. A waiting period is that duration when the insurance policy does not cover the treatment cost of the beneficiary. At the time of purchase, the waiting period can last two or even four years, and therefore any health issue that might occur during this period is not covered. Therefore, the waiting period must be checked and confirmed before the purchase of diabetes insurance.

Payable premiums of Diabetes Health Insurance

Usually, the premiums might be higher for diabetes insurance as compared to regular health insurance. Since insurance companies treat it as a pre-existing ailment resulting an impact on the payable premiums. But also keep in mind that the coverage offered will match the premiums, so if you are a patient it shouldn't hold you back from availing the best health insurance for diabetics.

Cashless treatment of Diabetes Health Insurance

Once the waiting period is over, many health insurance companies offer cashless treatment. This advantage is offered to certain pre-listed hospitals, also known as network hospitals. When buying health insurance for diabetes, make sure your policy has cashless claim settlement. It will help you save the financial burden of treatment. Thus, be wise and invest in the best cashless health insurance for diabetics. Diabetes can be a challenging condition as it requires constant care and medical attention. But it doesn't have to take a toll on your finances. With the right insurance cover for diabetes, you and your family can lead a stress-free, relaxed, and healthy life.   *Standard T&C apply Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.