Critical illness insurance rates differ considerably. All you need to do is a quick search on the Internet, and you will see that different insurance companies charge wildly different prices. As a result, it can be tempting to simply go for the cheapest insurance plan you find. This is not advisable however, and below we reveal the different reasons why.
It can be easy to assume that all critical illness insurance plans are the same and, therefore, the cheaper, the better. However, believing this could see you in a very sticky situation later on. It could even cost you a lot more money in the long run. Not all critical illness plans are the same. The coverage differs considerably. There are some insurance plans that will only cover you for a very small amount of medical conditions, illnesses and disabilities. There are then other plans that cover the rarest conditions and diseases. If you go for the cheapest plan you can find, it is pretty much a certainty that you are going to suffer as a result of a lack of coverage. It is all about striking the right balance and looking for value for money, as opposed to a cheap price. To find value, you need to compare different policies against each other to see which insurer is offering you the most for your money. Moreover, don’t forget, that an insurance company offering rates that seem too good to be true must be considered with an air of scepticism. Why are their prices so low?
At Insure4me, we offer an expert insurance comparison service, which is available FREE of charge. We enable you to compare critical illness insurance rates from all of the best insurers in the industry, ensuring you benefit from low costs yet improved coverage. To get started, head to our website: https://www.insure4me.ae/.