The new
Critical Illness Benefit provides consumers with additional financial protection when faced with a serious medical diagnosis, such as a heart attack, cancer or stroke.
No medical examination is required for this plan and you are also eligible to receive additional monthly payouts for 10 years
on Critical Illness Benefit claim.
On the death of the life insured during the policy term (after
receiving critical illness benefit), the insurer pays the remaining sum assured and the policy will terminate.
Critical illness benefits allow you to access a portion of the death benefit should you suffer something catastrophic such as a heart attack, cancer or a stroke.
Like in case of
critical illness benefit plan, the entire sum insured amount is paid in lump sum on first diagnosis of the any one of the listed critical illnesses.
Most of the life insurance policies that we sell today include chronic and
critical illness benefits coverage that will pay lump sum or monthly benefits for these types of disasters.
Super Premium Waiver benefit, when taken with Accelerated
Critical Illness Benefit Rider would ensure continued creation of the corpus in case of death or critical illness.
The plan can be taken for a basic cover or a cover
with Critical Illness benefit inbuilt in the plan option which provides an additional Sum Assured in case the life insured suffers a critical illness during the plan tenure.
If the ACI benefit has already been paid, than the death benefit minus the amount of
Accelerated Critical Illness benefit already paid will be paid out to the beneficiary of the policy.
Additional Benefits: For the simplified issue term to 100 product, the insured can expect level premiums and death benefits all the way until age 100 as long as they keep their premiums up to date, with
included critical illness benefits on top of it.
Bajaj
Allianz Critical Illness Benefit Rider provides the benefit of additional rider sum assured in case of first diagnosis of any of the specified 11 Critical Illnesses.
We understand this concern, and present Bajaj Allianz Life
Insurance Critical Illness Benefit Rider (CI), which protects you financially in case of occurrence of a critical illness; so that money is available to you when you need it the most.
Critical Illness plan is available as a stand alone individual policy
offering critical illness benefits as a fixed payout depending upon the chosen Sum Assured in the event of diagnosis of a critical illness.
Shield Supreme - The Shield Supreme variant offers accelerated
critical illness benefit along with the ATPD benefit and the waiver of premium benefit in case of Accidental disabilities or Critical Illness (CI).
LIC's
New Critical Illness Benefit Rider is a non - linked rider which provides aid in the form of financial assistance by reducing burden on the as - sured if he / she is diagnosed as suffering with any pre specified critical illness.
Bajaj Allianz
ULIP Critical Illness Benefit Rider provides the benefit of additional rider sum assured in case of first diagnosis of any of the specified 11 Critical Illnesses.
Death Benefit + Terminal Illness + Waiver of Premium on permanent disability + Accidental Death Benefit + Critical Illness Benefit
There are a number of riders available on NonMed Term 350 policies,
including critical illness benefit, accelerated death benefit, waiver of premium, and automatic premium loan provision.
A very useful Rider as an accident may not directly result in an illness that may be covered by the accelerated
critical illness benefit in the policy.