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  • Writer's pictureBenefits For Expats Inc.

Protecting Your Family Abroad: The Vital Need for a Critical Illness Plan

In a world that knows no borders, expatriates (expats) and non-resident Indians (NRIs) have embarked on remarkable journeys, chasing dreams and career opportunities far from their homeland. While the excitement of global living often takes center stage, it's essential not to overlook a crucial aspect of financial planning: securing your family's health and future. One indispensable tool in this endeavor is a comprehensive critical illness plan.

Here are some key factors to consider when selecting the right critical illness plan for your entire family:

1. Global Cover or Portability

The unpredictability of life doesn't change with your location. Whether you're in your home country or residing overseas, you want a critical illness plan that offers global coverage or portability. This ensures that no matter where life takes you, your family remains protected.

Currency Hedge
Currency Hedge

2. Benefits in USD

In an increasingly globalized world, it's essential to think in terms of a universal currency. A critical illness plan with benefits denominated in US dollars can provide your family with financial stability, irrespective of the local currency fluctuations.

3. Comprehensive Coverage

Look for a plan that covers both major and minor critical illnesses. While major illnesses like cancer and heart disease are well-known, minor conditions can also have a significant impact on your family's finances. Comprehensive coverage ensures that you're prepared for all possibilities.

4. Premium Waiver Feature

Life doesn't stop after a critical illness diagnosis. To ease your financial burden during challenging times, choose a plan that includes a premium waiver feature upon the settlement of the first major critical illness claim. This ensures that you can focus on recovery rather than worrying about ongoing premiums.

5. Multiple Instances of Critical Illness

Consider a plan that covers multiple instances of critical illness. Unfortunately, the battle against critical illnesses can be a long one, with several ups and downs. A plan that allows multiple claims can provide ongoing support for your family's healthcare needs.

6. Extended Coverage

Life doesn't have an expiration date, and neither should your critical illness plan. Opt for a policy that runs up to age 100 or beyond, ensuring your family's protection throughout their lifetime.

7. Adequate Coverage Amount

One of the most critical factors is choosing a coverage amount that matches your family's financial needs. A good rule of thumb is to opt for a cover equivalent to at least one full year's salary or income, ensuring your family's financial stability in case of a critical illness diagnosis.

Choose wisely!
Choose wisely!

8. Credible Provider with a Proven Track Record

When selecting a critical illness plan, the provider’s credibility and history of settling claims smoothly and promptly should be a top priority. A reputable insurance company with a track record of reliability ensures that your family’s claims will be processed efficiently, minimizing stress during challenging times.

In a world where trust is paramount, choosing an insurance provider with a solid reputation adds an extra layer of confidence to your family’s financial security.

In conclusion, securing a comprehensive critical illness plan is an essential step in safeguarding your family's well-being, regardless of your global location. It offers peace of mind, financial stability, and support when you need it the most.

For more information on finding the right critical illness plan for your family, please don't hesitate to reach out to us at Our experts are here to assist you in making informed decisions for your family's future.

Protecting Your Family Abroad: The Vital Need for a Critical Illness Plan

Disclaimer: This blog is intended for informational purposes only and does not constitute financial or insurance advice. Please consult with a qualified financial advisor or insurance professional before making any decisions related to critical illness insurance.*

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Sep 04, 2023
Rated 5 out of 5 stars.

quite useful

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