Critical illness does not present itself with a warning, much like a disaster. Along with your physical and mental wellbeing, it takes a toll on your financial wellbeing as well. These significantly impact your lifestyle, earning capacity, and can also prove fatal in some cases.

With increased medical expenses, this problem only gets worse. During the times of medical emergencies, households are often forced to resort to their savings to cover for the expenses, or borrow from friends and family, especially if the patient is the sole breadwinner. That is why it is imperative to prepare yourself for such financial risks.

Here we look at some of the critical illnesses that are pushing people into incurring heavy expenses:

1. Coronary Heart Diseases

Heart ailments have been on a rise in India and are known to be one of the leading causes of fatalities in India. Obesity, stress, hypertension, alcohol and cigarette consumption, unhealthy lifestyle are some of the causes behind these ailments. Congenital heart disease, Coronary Artery Disease, Dilated Cardiomyopathy, etc. are some of the heart ailments that are common and the expenses on these ailments amount to lakhs of rupees.

2. Cancer

Known as the silent mass killer of our century, Cancer involves unnatural growth of cells within the body/a body part. It is both emotionally and physically challenging to treat, especially if the patient is the sole breadwinner of the household. It can affect any part of the body – lung, bone, blood, liver, colon, prostate, etc. – and the treatment and aftercare for this ailment involve unending costs.

3. Kidney Diseases

According to statistics, 1 in 10 persons in India suffers from some form of chronic kidney ailment, leading to dialysis or kidney transplant, both of which are expensive treatments. On top of that, these are followed by a lifelong prescription of steroids, supplements, and immunosuppressants.

4. Liver Cirrhosis

According to the World Health Organisation (WHO), Liver cirrhosis is the 10th most rampant cause of deaths in India. Once the liver is damaged, there are very little chances of reversing the effects, and the only option left is a transplant. Like in case of kidney failure, a liver transplant is an expensive procedure to conduct. Finding the right donor, the regulatory requirements, and the post-procedure medication, all add to the high expense.

5. Lung Diseases

Lung diseases are rampant and on the rise in India including Tuberculosis, Asthma, Chronic Obstructive Pulmonary Disease (COPD), Lung Collapse, etc. The lung is also one of the most affected organs when we talk about cancer. The cost of direct treatment and healthcare services and medication could range from a few thousand to lakhs in some cases.

To meet the cost requirements of such critical illnesses, it is essential to not only plan expenses, but also to reach out to a trusted financial institution before scourging through your savings. With interest rates starting at 11.25% and amount as high as Rs. 25 lakhs, Tata Capital’s personal loans are there to take care of your financial needs. If you’re looking for finances for a medical exigency, apply for a personal loan today from Tata Capital, with easy personal loan repayments and let us take care of the medical needs of you and your loved ones.

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