033 3800 1600
Login/Sign up
Hello, {{name.first_name}}
My Profile
Please upgrade your browser to use
Just click on the icons to get to the download page

How does health insurance for diabetes work?

That exclude 36 million plus people who remained undiagnosed. Diabetes happens when the body cannot produce sufficient insulin or cannot effectively utilize the insulin produced. This results in high bloodAs per World Health Organization, 69.2 million people in India is diabetic as per 2015 data and sugar level leading to various complications and threats to the different organ systems in the body. Diabetes is generally two types, Type 1 (also known as Juvenile Diabetes) and Type 2, Gestational diabetes being a sub set of Type 2 diabetes that occurs during pregnancy.
Diabetics Health Insurance
Diabetes is a ‘high risk’ category of illness and the health insurance coverage for Type 1 is rare (2-5% of all the diabetics patients) not covered by any insurance company as the cause of the disease is immune system failure. The only treatment is the daily injection of insulin and that is not covered by insurance companies.
However, type 2 diabetes which is mostly a lifestyle disease and aggravated by eating pattern and sedentary life style, is covered by health insurance companies in India and it is the most prevailing type of diabetes. Diabetic Health Insurance are basically as follows:
  • Individual Health Insurance where the traditional policies cover diabetics, often with a premium or there will be a 4 years waiting period for pre-existing diseases.
  • Group Health Insurance which is provided by employers to their employees with diabetes, either pre-existed or at the onset is another option. This is valid only as long as the employment is there.
Diabetic Health Insurance Plans
Until recently there were very few companies who were willing to provide diabetic insurance in India. Even today very limited health insurance companies are there to provide comprehensive coverage for the disease and its complications since many diabetics outlive the policy term in spite of health issues and the cost of insurers to provide comprehensive coverage makes it less attractive for them. Though there are some variability, salient features of available diabetic coverage in India are as follows:
  • Eligibility – A person with Pre-existing Type 2 Diabetes or Pre-diabetic. There is a waiting period of 4 years for pre-existing patients while an increased premium enables the insured to use the policy benefits right away.
  • Age Limit – 18 to 65 years. There are some variability in the age range for different insurers within this limit. There are some companies who cater the diabetic patients of the age group of 60 – 80. Moreover the renewal term is different from one company to another. Some have yearly renewal of policy while others are limited years’ fixed policy. The renewal age cap differs from one insurance to another. Some can not be renewed after 65 years while some can extend to 70. Some diabetic insurance targeted for older age group put a policy renewal cap at 90 years.
  • Premium Amount – Varies from 800 rupees to 18550 rupees based on the age and disease coverage.
  • Base Sum Assured – Ranges from rupees 50,000 to 10 lacs depending on the policy.
  • Disease and symptom coverage – there is a wide variation in coverage of diabetic complications based on policy. These are (but not limited to):
    • Diabetic Retinopathy for Eyes
    • Diabetic Nephropathy for Kidney
    • Diabetic foot ulcer for Feet
    • Coronary Artery Bypass Graft
    • Cancer
    • End Stage Renal Failure
    • Major Organ Transplant (as recipient)
Apart from these, other things that are covered in different policies are: Hospitalization due to Diabetes and Hypertension, Pre and post hospitalization costs as per policy. In case of controlled and improved diabetic condition, some insurers reduce the premiums. Certain policies can be availed as individual or floater policies. Inclusion of certain routine diabetic blood check ups and Income Tax benefits are brownie points of some Diabetic Insurance Plans.
23, Townshend Road
Kolkata - 700025.
Principal Officer: Rahul Agarwal
+91 9830882728
Category Of Broker: Direct Broker
Date Of License: 24/08/2005
CIN: U 65929 WB2005PTC 101118
IRDA LICENSE NO : 310 (VALID UPTO 24TH AUG, 2017) is an online ventre of Ideal Insurance Brokers Pvt. Ltd, one of the leading insurance brokers of India. We are a eleven year young Insurance Broking company dealing in health insurance, motor insurance, fire insurance, travel insurance, Life Insurance and a whole lot of other insurance products. We work with the leading insurance companies like ICICI Lombard, Bajaj Allianz, Tata AIG, Religare, Bharti AXA, Apollo Munich Health Insurance to name a few. We understand the role of Health Insurance in any developing country. We deal in health insurance for people of all ages. We provide insurance for elderly also. Ideal Insurance is best known for the hassle free policy purchase and friendly assistance in claim processing. We help our customers with the best Claim settlement process in time of Insurance claim and ensure a hassle free experience. We have some leading corporates in India who trust us for their asset insurance.
Please share your feedback here.Your feedback will be shared with product manager and business manager.
Thank you for taking time to share your feedback.Our team may get to you for more information.