Are You Covered for Critical Illness?

Nothing prepares you for a financial predicament. It's you and your family who will have to face problems while dealing with critical illnesses. To secure your family’s future, you get life insurance policies; most of which cover only the cost of treatment. But, have you ever given a thought to what happens when a critical illness strikes? Read on to know more. 

Why do you need critical illness insurance?

Critical illness brings with it the expenses incurred on specialized medical care as well as a loss of income, complete or partial disability and definitive change in lifestyle. This will leave a huge financial burden on you and your family. Buying critical illness insurance is your safest bet to get over these problems. It gives you the perfect cover against the expenses incurred after the diagnosis of the critical illness has been made.  

Highlights of Edelweiss Tokio Life CritiCare+

• Complete family protection

Based on your needs and future goals, Edelweiss Tokio Life CritiCare+ offers you the perfect solution. This critical illness insurance will provide your family the much needed financial support to manage home as well as health care expenditures.

• Tax benefits

Tax benefits can be claimed for the premium amount and the claim amount under Section 80C and Section 10(10D) of Income tax Act.

• A wide range of diseases covered

Edelweiss Tokio Life CritiCare+ covers as many as 17 critical illnesses including bypass surgeries and organ transplants. These diseases are divided in four groups.

• Multiclaim benefits

Edelweiss Tokio Life CritiCare+ offers critical illness insurance as single claim or multiclaim offer. Under the multiclaim benefit, claims are permissible for 3 different critical illnesses belonging to different groups. The benefit offered is that the future premiums are surrendered after the first claim has been made so your family still remains covered under the benefits of medical insurance.

• Peace of mind

A medical insurance for critical illness will definitely reduce the stress in your life as you and your family can work towards a speedy and full recovery without being bothered about the health care expense and day to day finances. Edelweiss Tokio Life CritiCare+ strives to give the patients and their families a peaceful life.

The Checklist While Buying a Critical Illness Insurance                                                                                                  

• Key features

It covers individuals between 18 to 65 years. The minimum sum assured in this non-participating and non-linked medical insurance plan is Rs. 5,00,000 and maximum sum assured is Rs.1,00,00,000. The initial waiting period is 90 days; survival period is 28 days and waiting period between claims in multiclaim option is 365 days.

• When are the benefits payable?

Benefits are payable under single claim or multiclaim option. The benefits are payable when the life insured survives for at least 28 days after diagnosis is confirmed.

• No benefits

No benefits are payable in these cases; on death of life insured during the term of the policy, on maturity of the policy or on surrendering the policy.