Advantages of Critical Illness Rider

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a) The best critical Illness policy provides you a lump sum benefit on diagnosis of any of the pre-specified critical illnesses, to compensate the financial loss or hardships that may arise from your disease.

b) Critical Illness covers the cost of care and treatment, recuperation aid and helps you to maintain the same lifestyle that you had before. 

c) You get tax benefit under section 80 D on your investment in a critical illness cover.

d) Renewal Bonus: As a No Claim Bonus (NCB) insurance company entitles you to increase the sum insured by 5%, up to a maximum accumulation for 10 claim-free years.

e) Medical examination might be there for few along with age benefit feature.

Companies offering Critical Illness Plans

Critical illness cover is offered as an individual policy by various general insurance companies like Bajaj Allianz, ICICI Lombard, HDFC Ergo, Max Bupa, Apollo Munich. Whereas, life insurers provide it as a Critical Illness rider attached to the life insurance policy.
Before buying a critical illness rider or cover from a life or non-life insurer, one must prudently look at the diseases covered under the policy. Buy the best critical illness policy that covers the maximum number of frequently occurring aliments that run in your family. Remember critical illness plans are year-on-year contracts, which require to get renewed at regular intervals.
Critical illness insurance comparison can be done at Here we will help you to evaluate the plans according to the premium, cover and benefits.

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