Does LIC Cover Critical Illness?

Most of us think that we have a comprehensive and wide insurance cover but often fail to realize that our availed insurance coverage does not cover critical illnesses. The number of people who are getting diagnosed with a critical illness is increasing day by day. What would your family do in your absence? Minimal premium payment to attach a critical illness rider will help you in this.

Read more
LIC Plans-
Buy LIC policy online hassle free
Tax saving under Sec 80C & 10(10D)^
Guaranteed maturity with life cover for securing family's future
Sovereign guarantee as per Sec 37 of LIC Act
LIC life insurance
We are rated~
6.7 Crore
Registered Consumers
Insurance Partners
3.4 Crore
Policies Sold
Now Available on Policybazaar
Grow wealth through
100% Guaranteed Returns with LIC
We don’t spam
View Plans
Please wait. We Are Processing..
Your personal information is secure with us
Plans available only for people of Indian origin By clicking on ''View Plans'' you, agreed to our Privacy Policy and Terms of use #For a 55 year on investment of 20Lacs Tax benefit is subject to changes in tax laws
Get Updates on WhatsApp
We are rated~
6.7 Crore
Registered Consumers
Insurance Partners
3.4 Crore
Policies Sold

Why Should You Buy the Critical Illness Rider from LIC? 

LIC, one of the largest insurers covers critical illness and this benefit helps you secure your family in case of your absence by just paying a nominal fee. LIC New Critical Illness Rider Benefit is a non-linked plan that majorly focuses on decreasing the financial stress that a policyholder or his/her loved ones go through if the policyholder gets diagnosed with critical illnesses (mentioned in the plan). This rider can only be attached to only non-linked standard plans provided by LIC (Life Insurance Corporation of India). You can get the following benefits under this critical illness rider with LIC plan: 

  • The benefit of critical illness is paid upon the 1st diagnosis of any of the mentioned 15 critical illnesses
  • You get the tax benefits on premium paid towards the critical illness rider u/s 80D of the Income Tax Act, 1961. 

What is the Need for a Critical Illness with LIC Benefit? 

A life insurance plan provides financial protection to the policyholder’s family in case of an unfortunate event. The LIC critical illness rider benefit can be purchased as an additional option along with the existing plan to increase the policy’s coverage. 

Following are the reasons you should consider purchasing a critical illness rider: 

  1. Medical Costs: 

    Medical treatments, nowadays have become a financial obstacle for today’s population. To solve this problem, it is very essential to invest in this rider benefit. This rider helps families to overcome any type of financial stress during their critical times. 

  2. Premium: 

    The premium amount remains unchanged even though there is an additional benefit to the standard plan. 

  3. Tax Benefits: 

    Get the tax benefits on the premiums paid towards the critical illness rider u/s 80D of the Income-tax Act, 1961.

  4. Financial Back-Up: 

    These days, the medical treatment cost is so high that they can hit your pocket hard. Therefore, it is very important to be secured financially to deal with these kinds of emergencies. Critical illness rider financially protects an individual against different types of medical emergencies. 

Eligibility of Critical Illness with LIC Rider Plan  

As we have discussed above, LIC does cover critical illness. Critical illness with LIC is a must-have additional benefit that secures the policyholder’s family against any medical emergencies. Now, the question arises, who are eligible for availing of this benefit? Let’s understand the eligibility criteria of LIC New Critical Benefit Rider: 

Entry Age (Minimum)

18 years 

Entry Age (Maximum)

65 years 

Maturity Age (Maximum)

Up to 75 years 

Sum Assured (Minimum)

Rs. 1,00,000

Regular Pay Premium Policies 

5 to 35 years 

Limited Pay Premium Policies 

10 to 35 years 

Benefits of LIC’s New Critical Illness Benefit Rider 

Upon the 1st diagnosis of any one of the mentioned critical illnesses, the critical sum assured amount is paid to the policyholder. The critical illness rider is paid at one time at the time of policy tenure. The rider ceases when the critical illness sum assured amount is paid. Following are the critical illnesses covered under this plan: 

Cancer of Specified Severity 

A malignant tumor is regarded as the uncontrollable growth and the spread of malignant cells with the destruction and the invasion of normal tissues. The diagnosis of a critical illness must always be supported using histological proof of malignancy. The cancer term involves lymphoma, leukemia, and sarcoma. 

The following illnesses are excluded: 

  • All types of tumors are described histologically as benign, carcinoma in situ, borderline malignant, pre-malignant, neoplasm of unknown behavior, low malignant potential, or non-invasive, involving but not restricted to carcinoma in situ of cervical dysplasia and breasts. 
  • Malignant melanoma 
  • Non-melanoma skin carcinoma 
  • Prostate tumors 
  • Thyroid cancers 
  • Chronic lymphocytic leukemia 
  • Non-invasive bladder papillary cancer 
  • Gastro-intestinal stromal tumors 
  • All tumors that are due to HIV infection 
  • Open Chest - CABG 
  • Kidney failure that requires regular dialysis 
  • Myocardial Infarction 
  • Bone Marrow/Major Organ Transplant 
  • Stroke that results in long-lasting symptoms 
  • Permanent limbs paralysis 
  • Aortic surgery 
  • Multiple sclerosis 
  • Pulmonary hypertension 
  • Blindness 
  • Dementia/Alzheimer’s disease 
  • Benign Brain Tumors 
  • Open Heart Replacement 
  • 3rd-degree burns 

Other Details 

  1. Grace Period

    1 month but not less than 30 days of the grace period will be allowed for the yearly, half-yearly, or quarterly payments of rider premium. 15 days is allowed for the monthly rider premiums. 

  2. Revival 

    Rider revival is based on the revival of the base plan. You have the option to revive the policy within two years from the date of 1st unpaid premium. To complete this process, submit a written application for plan revival and pay all the due premium till the date of revival. 

  3. Freelook Period 

    15 days of free look period is provided to review the terms and conditions of the plan from the date of receipt of the policy documents. If you are not satisfied with the terms and conditions of the plan, then you have the option to return the plan and receive the rider premium refund that is paid minus the critical illness risk premium, charges of medical examination, and stamp duty charges. 

  4. Surrender

    This plan has no surrender value. In case of surrendering the base plan for limited payment policies, you shall receive the refund based on the following conditions: 

    If the total premium has been paid for the initial consecutive 2 years for 10 years of PPT and the initial 3 consecutive years for 10 years of PPT or more. 

Exclusions of LIC Critical Illness Rider Benefit 

If the life assured is diagnosed with the mentioned illnesses, the benefit amount will not be paid in case the ailment has been caused directly or indirectly. This is due to the following reasons: 

  • Policyholder’s death occurs within a month of the diagnosis of the critical illness 
  • Diagnosis of a critical illness within the 90 days of the waiting period 
  • Self-inflicted injury, the attempt of suicide, criminal activities 
  • HIV positive 
  • In case of war, riots, etc. 
  • Pre-existing health conditions 
  • Waste exposure or nuclear radiations 
  • Congenital anomaly

How to Buy LIC Critical Illness Rider Benefit 

Follow the below-mentioned steps to purchase critical illness with LIC Benefit: 

  • Visit the company’s website 
  • If you are a new user, the insurance selector option will help you select the right choice based on income, occupation, age, and insurance requirements. This will further help you determine the period of coverage and the right policy term. 
  • Then, select a premium calculator to compute the premium amount for your current policy and rider chosen 
  • Pay using online payment modes, such as net banking, phone banking, etc. 
  • If you are an existing user, you can check the policy status on the company's website. To do that, complete the online registration and log in to the LIC portal to check the online policy status. 

Wrapping It Up!

An additional rider benefit is always a wise idea while purchasing an insurance plan. Critical illness with LIC rider benefit plan is the one-stop solution to all your problems such as medical expenses and emergencies faced by a life assured and hence is a necessity.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^Trad plans with a premium above 5 lakhs would be taxed as per applicable tax slabs post 31st march 2023
+Returns Since Inception of LIC Growth Fund
~Source - Google Review Rating available on:-
++Returns are 10 years returns of Nifty 100 Index benchmark

LIC of India
LIC Plans
LIC Jeevan Utsav
LIC Jeevan Kiran
LIC Dhan Vriddhi
LIC Monthly Investment Plans
LIC Jeevan Azad
LIC 1 Crore Endowment Plans
LIC Jeevan Labh 1 Crore
LIC Crorepati Plan
LIC Dhan Varsha - Plan No. 866
LIC Pension Plus Plan
LIC New Jeevan Shanti
LIC Bima Ratna
LIC Group Plans
LIC Fixed Deposit Monthly Income Plan
LIC Savings Plans
LIC’s New Jeevan Anand
LIC New Jeevan Anand Plan 915
LIC's Saral Jeevan Bima
LIC's Dhan Rekha
LIC Jeevan Labh 836
LIC Jeevan Jyoti Bima Yojana
LIC Child Plans Single Premium
LIC Child Plan Fixed Deposit
LIC Jeevan Akshay VII
LIC Yearly Plan
LIC Bima Jyoti (Plan 860)
LIC’s New Bima Bachat Plan 916
LIC Bachat Plus Plan 861
LIC Policy for Girl Child in India
LIC Samriddhi Plus
LIC New Janaraksha Plan
LIC Nivesh Plus
LIC Policy for Women 2024
LIC Plans for 15 years
LIC Jeevan Shree
LIC Jeevan Chhaya
LIC Jeevan Vriddhi
LIC Jeevan Saathi
LIC Jeevan Rekha
LIC Jeevan Pramukh
LIC Jeevan Dhara
LIC Money Plus
LIC Micro Bachat Policy
LIC Endowment Plus Plan
LIC Endowment Assurance Policy
LIC Bhagya Lakshmi Plan
LIC Bima Diamond
LIC Anmol Jeevan
LIC Bima Shree (Plan No. 948)
LIC Jeevan Saathi Plus
LIC Jeevan Shiromani Plan
LIC Annuity Plans
LIC Jeevan Akshay VII Plan
LIC SIIP Plan (Plan no. 852) 2024
LIC Jeevan Umang Plan
LIC Jeevan Shanti Plan
LIC Online Premium Payment
LIC Jeevan Labh Policy-936
LIC Money Plus Plan
LIC Komal Jeevan Plan
LIC Jeevan Tarang Plan
LIC Bima Bachat Plan
LIC’s New Money Back Plan-25 years
LIC Money Back Plan 20 years
LIC Limited Premium Endowment Plan
LIC Jeevan Rakshak Plan
LIC New Jeevan Anand (Previously LIC Plan 149)
LIC New Endowment Plan
LIC Varishtha Pension Bima Yojana
LIC Investment Plans
LIC Pension Plans
Show More Plans
LIC Calculator
  • One time
  • Monthly
/ Year
Sensex has given 10% return from 2010 - 2020
You invest
You get
View plans
Download the Policybazaar app
to manage all your insurance needs.