Flexibility at its core: Customizing sum insured and policy term for personalized coverage

Tailored coverage of a health insurance plan that caters to your specific health needs is what makes SUD Smart Health Care stand out. In today’s era of rising medical expenses and health risks, it is best to invest in a health insurance plan that listens to your needs. You no longer have to fit into a pre-designed health plan. With SUD Smart Health Care, you can plan out your health insurance the way you desire. Let’s delve deeper into the topic.

About SUD Smart Health Care

SUD Smart Health Care is a comprehensive health insurance plan that covers major health diseases. This fixed-benefit plan offers coverage for heart conditions, kidney issues, liver ailments, and cancer, all of which can be life-threatening. Without proper financial aid, it may be quite daunting to seek treatment for such ailments. With SUD Smart Health Care, it is now possible to get yourself covered for all these health crises under one plan.

At an affordable premium, you also get the opportunity to personalise your plan. The premium and the sum insured are to be chosen by the insured, thus allowing individual customisation of the plan as per personal needs. You get the lump-sum sum insured upon diagnosis of a listed disease. Apart from these, to lower the financial burden on the policyholder, the plan also offers a waiver of premium for 3 policy years on diagnosis of first minor CI condition.

Check out the plan details given below:

● Types of plans
There are three types of plans under SUD Smart Health Care:
● Heart cover
● Cancer cover
● Heart, kidney, liver, and cancer cover

Under these covers, the diseases are classified into major and minor and accordingly the benefit is decided.

How to choose the right sum insured with SUD Smart Health Care?

When it comes to choosing the right amount of coverage in a health insurance plan may seem confusing. However, when done step-by-step, picking the right amount is possible. With SUD Smart Health Care, you are free to choose a sum between ₹5 lakhs to ₹50 lakhs. Here are a few things you may consider while deciding the sum insured:

1.The treatment cost of critical illnesses is high
Critical illnesses like cancer and heart disease can quickly deplete years of savings. The shooting medical expenses may become tough to manage without a high sum insured. So, try to pick an amount that will help manage your hefty medical expenses.

2.Cater to loss of income
Critical illnesses not only affect your physical and mental health but also your income and finances. Especially for someone who is a breadwinner of the family, maintaining continuity in the income can be tough in such times. However, a high-sum insured SUD Smart Health Care plan can suffice and cater to your medical expenses.

3.Evaluate your liabilities
While deciding on a sum insured amount, it is crucial to make an informed decision. Take into account your liabilities and inevitable expenses. Household expenses, children’s school fees, rent, loans and EMIs will continue even when you fall sick. Chalk out such expenses and choose a practical sum insured amount.

4.You will need money for expenses beyond hospitalization
Critical illness treatment involves not only hospitalization expenses but also pre- and post-hospitalisation costs. So, make sure you take into account those expenses as well.

How to choose the right policy term with SUD Smart Health Care?

Policy terms are crucial since they decide the period for which you will be enjoying health insurance coverage. So, it is quintessential that you make an informed decision. SUD Smart Health Care gives you a policy tenure that can range from 5 years to as long as 30 years. Here are a few considerations that may help you reach a realistic decision:

1.Longer-term, longer coverage
As you grow older, the risks of certain health diseases increase. While you may not be able to control all the health issues, you can certainly stay invested in a health insurance plan for the long term to stay protected. Longer-term ensures you have coverage for longer.

2.One policy, one major claim
You must be aware that SUD Smart Health Care offers one major disease claim in a policy tenure and up to two minor disease claims subject to a cooling period of 180 days. So, it is best to stay invested for longer so you can have the financial support you need in times of need.

3.Longer term for maximum tax benefits
Every year, the health insurance premium you pay is liable for tax benefits. So, the longer you stay invested, the longer you can enjoy tax benefits. Under Section 80D of the Income Tax Act of 1961, you can enjoy ₹25,000 tax deductions, and senior citizens can avail of tax deductions up to ₹1 lakh.

4.A plan for up to 80 years of age
Health insurance benefits more when you invest in it early. However, it is never too late to begin planning the best for your health. SUD Smart Health Care offers health insurance coverage until 80 years of age. So, if you are approaching your 50s, you can still invest in 30 years of tenure to get yourself covered for the longest.

Conclusion
Explore the flexibility offered by the health-driven life plan. This plan allows individuals to customize their coverage by choosing from a range of sum insured and policy term options, ensuring personalized protection that suits their unique health needs and financial goals. Investing in a long-term plan can get you covered for longer. Along with your health insurance needs, you can also save money through tax deductions. Invest today for quick coverage!

Reference: SUD LIFE SMART HEALTHCARE UIN: 142N089V01

Disclaimer
Star Union Dai-ichi Life Insurance Company Limited is the name of the Insurance Company and “SUD Life Smart Healthcare” is the name of the plan. Neither the name of the Insurance Company nor the name of the plan in any way indicates the quality of the plan, its future prospects or returns

SUD Life Smart Healthcare | UIN: 142N088V01 | A Non-Linked Non-Participating Pure Risk Premium Individual Life Insurance Plan Star Union Dai-ichi Life Insurance Company Limited |IRDAI Regn. No: 142 | CIN: U66010MH2007PLC174472

Registered Office: 11th Floor, Vishwaroop I.T. Park, Plot No. 34, 35 & 38, Sector 30A of IIP, Vashi, Navi Mumbai – 400 703 | Contact No: +91 22 7196 6200 | 1800 266 8833 (Toll Free) | Timing: 9:00 am – 7:00 pm (Mon – Sat)| Email ID: customercare@sudlife.in | Visit: www.sudlife.in | For more details on risk factors, terms and conditions, please refer to the sales brochure carefully, before concluding the sale. |Trade-logo displayed belongs to M/s Bank of India, M/s Union Bank of India and M/s Dai-ichi Life International Holdings LLC and are being used by Star Union Dai-ichi Life Insurance Co. Ltd. under license.

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