Now you can buy life insurance plans completely online right here.
Kotak e-Term Plan is a pure term plan that provides a high level of protection to your loved ones in your absence.
Kotak e-Invest is a comprehensive Unit Linked Life Insurance Plan that can be customized as per your goals and needs - be it protection; investment; financial security for child or retirement planning.
Kotak Guaranteed Savings Plan is a savings and protection plan that helps you achieve long-term financial goals and insurance cover against any eventuality.
Kotak Lifetime Income Plan gives you the assurance of your income continuing throughout your life and in your absence throughout the lifetime of your spouse!
The Kotak Health Shield Plan helps secure your finances in times of sudden medical expenses related to illness such as Cardiac, Liver, Neuro and Cancer (all early and major stages of illness /conditions of Cancer); along with offering protection for Personal Accident - in case of accidental death or disability.
Our representative will get in touch with you at the earliest.
Nothing brings home the reality of how fragile and uncertain life is like a heart attack. A happy life with your loved ones is the greatest achievement, full of moments that we treasure and live for.
Any illness or disease does not knock on your door; it strikes without warning, wreaking havoc on your mental and financial well-being. As a result, it is vital to acquire life insurance coverage to ensure that your family’s future is always safe, both while you are alive and after you pass away.
The incidences of heart attacks have increased dramatically in recent years, and while doctors and scientists are still attempting to figure out why, those studies are still underway. Many individuals in India, particularly when COVID-19 hit full force, suffered from heart attacks, prompting the question, “Is heart attack covered under life insurance?
Since many individuals question if life insurance with critical illness is accessible for those who have had a heart attack, in this article, we’ll go through the life insurance process, as well as if it’s accessible as term insurance for heart patients.
Life insurance is a crucial financial tool that may provide you with a sense of peace and ensure your family’s stability in the case of your demise. Nevertheless, as you may be aware, your ability to get life insurance is determined by a number of factors, including your age, medical history, lifestyle choices, and other factors.
If you have a pre-existing disease, such as hypertension, asthma, diabetes or another serious illness, the insurance company may charge you a higher premium or deny you coverage. If you have a heart condition, your chances of acquiring life insurance are significantly reduced. As a result, the life insurance application process will be more difficult to obtain if you have had a heart attack than it is for others.
Age is on your side if you’re in your 40s, 50s, or 60s. If you have had a heart attack in your 30s, your chances of getting life insurance are slim.
The severity of the heart attack is more important than the number of procedures you’ve had. A blockage of one or two vessels makes you less insurable than someone who has had a serious heart attack resulting in four vessel blockage.
If you have a heart condition and are also diabetic, your prospects of getting life insurance are minimal and expensive.
If your disease necessitates the use of medications for the remainder of your life, you may be able to obtain insurance, but the costs may be higher. Insurers will also go through your medical records and orders from your doctor. There’s a larger chance of getting insurance if your follow-up instructions are simple and unambiguous.
The answer to the pressing question “is heart attack covered under life insurance?” is given here!
The life insurance policy only covers death from natural causes and accidental deaths, as per the Insurance Policy Regulations. Natural causes might include death from any sickness, suicide, accidents, or other factors.
The explanation for dying owing to any health difficulties is what the life insurance policy focuses on. As a result, it primarily covers deaths caused by heart attacks, cancer, strokes, renal failures, and other causes is covered under life insurance with a critical illness.
To summarise, while purchasing term insurance after a heart attack may not be the ideal option and may be difficult, it is always advisable to obtain life insurance coverage with critical illness from a young age, so that your insurance and financial needs are met if and when the need arises.
- A Consumer Education Initiative series by Kotak Life
The Kotak Term Plan is a pure risk cover plan and an economical way of providing an adequate level of financial protection.Know more
Kotak Sampoorn Bima Micro Insurance Plan is a single premium plan with fixed term of 5 years to cater to the needs of low-income customers.Know more
Kotak Raksha Group Micro Insurance Plan is a protection oriented plan that aims to cover the socially and economically weaker sections of the society....Know more