We have witnessed a crisis in form of the Covid19 3rd wave where the expenses of medication and hospitalization were humongous for anyone to deal with. Many found themselves with an insufficient Sum Assured and had to use their savings to pay the bills. Similarly, critical illnesses are another difficult phase to deal with where big SA policies might not prove to be sufficient and that eventually disturb cash flows of any family. Diseases like cancer, heart diseases, kidney failures and many such ailments can cost anything between a few lakhs to crores depending on the situation and gravity of the disease. We have been discussing solutions of Life insurance with our readers and we are suggesting another option to enhance their coverages to deal with major ailments. Critical Insurance Cover-another option to add higher coverage when you buy a Life Insurance policy next and the following are features and advantages of the policy:
Feature Title
Provides comprehensive ¬financial protection to your family.
Tax benefit under section 80D Income Tax Act 1961.
Offers Lump Sum benefit or Indemnity based plans on diagnosis of any critical illnesses.
Entry age 5 years to 65 years.
It provides you add-on coverage that can take care of medical and day to day expenses.