Medical Insurance vs Critical Illness Insurance: Which One to Choose? 

Understanding the Key Differences Between Medical Insurance & Critical Illness Insurances

Health insurance in Bangladesh is essential for ensuring that individuals and families can access necessary medical care without facing overwhelming financial burdens. It provides a safety net by covering a significant portion of medical expenses, including hospitalization, surgeries, prescription medications, and preventive care. Having health insurance means peace of mind, knowing that in case of illness or injury, you can receive timely treatment without worrying about the costs.

Medical Insurance and Critical Illness Insurance are integral components of health insurance, which are often confused by some people. Let’s break down each of them to see the differences.

Key Features of Medical Insurance

Coverage for Hospitalization and Medical Expenses: Generally, medical insurance covers costs for hospital stays, surgeries, doctor visits, and other healthcare expenses such as prescription medications.

Access to Healthcare Providers: Health insurance in Bangladesh let you visit hospitals, clinics, and healthcare providers in their network, ensuring you get good care at the place you prefer.

Key Features of Critical Illness Insurance

Lump Sum Payment for Diagnosis: Critical illness insurance gives you a lump sum of money when you're diagnosed with a covered serious illness. This money can help replace lost income if you can't work during treatment and recovery.

Covered Critical Illnesses: Critical Illness protects you against 52 critical illnesses including Cancer, Stroke, First Heart Attack and Kidney disease. This coverage offers financial help during severe health problems, including cancer treatment in Bangladesh.

Can We Combine Both?

At MetLife Bangladesh, we offer a health insurance rider called MediCare that provides financial benefits to cover your medical costs during hospitalization. Combined with critical illness insurance, it complements the other by providing comprehensive coverage against both routine medical expenses and unforeseen, significant health challenges. They play vital roles in ensuring that individuals and families can access quality healthcare and manage the financial implications of serious illnesses effectively.

Types of Medical Insurance at MetLife

MediCare

Offering comprehensive medical insurance in Bangladesh, MetLife has a supplementary health insurance plan or rider called MediCare, which provides financial advantages to cover your medical costs during hospitalization with these benefits:

Minimum BDT 1,000 to a maximum of BDT 20,000 per day of your stay at a hospital due to accident or illness.

In-hospitalization Benefit up to 30 consecutive days and for a total of 360 days during Policy coverage period, even if you are admitted in a free hospital.

Hospital Care

The Hospital Care Rider pays the Cash Amount selected for the insured family members on the event of hospitalized, regardless of expenses, even in a free hospital.

medical insurance in Bangladesh

Types of Critical Illness Insurance at MetLife

Critical Illness Insurance Protection Plan (CIIPP)

CIIPP protects you financially against 52 Critical illnesses until your age of 80 year.  You can choose a fixed premium payment term say 12/15/20 years and enjoy coverage up to 80 years.

Critical Illness Insurance with Return of Premium Super (CI ROP Super)

Stay protected with Critical Illness Insurance with Return of Premium (CI ROP Super) from 10 critical illnesses for 10 years with life insurance coverage at MetLife Bangladesh.

Critical Care

MetLife's critical care rider can be added on to your life insurance and is designed to provide immediate financial help to combat 25 critical illnesses.

Every health insurance in Bangladesh that is provided by MetLife also comes with access to One by MetLife, an end-to-end health solution that provides all-in-all health cover to help our customers live a better and healthier life, including online doctor BD free consultation. Learn more about the app here.