How a Critical Illness Benefit can help you?

Critical illnesses like cancer are hard to deal with. Granted, your medical bills will be taken care of if you have an extremely comprehensive health insurance policy. But once diagnosed with a debilitating disease, you’ll be forced to take a break. You won’t be able to go to work. And your family will have to make do without your income.

But if you opt for a critical illness benefit, things won’t have to be this grim. In the event, you are diagnosed with a critical illness, the insurer will pay out a portion of your term cover in cash to help you tide this crisis. It could be 10 lakhs. It could be 50 lakhs. It could be 1 Crore. All you have to do is choose the amount when opting for the benefit and you can use this money to replace your lost income if you are ever diagnosed with a critical illness.

A critical illness rider will make your life so much easier. But remember — most policies will pay out the corpus from your sum insured. And your term cover will reduce by an equal amount.

If you need help shortlisting a good term policy or if you want to talk about your cover amount, text us on Whatsapp.