I am 28 years old and plan to buy a health insurance policy. Should I also buy a critical illness rider along with it? — Neha It is a good idea to buy a health insurance early.
Apart from providing immediate coverage, it helps you accumulate no-claim-bonus, thus increasing your sum assured in a cost-effective way.
A critical illness plan is an add-on coverage that provides a lump sum in case of diagnosis of one of the named ailments. You should definitely consider buying a critical illness plan but check the number of ailments covered under the plan.
It is also important that the ailments covered in the critical illness insurance should include diseases that may not require extensive hospitalization but can result in considerable expenses.