“What we have done for ourselves alone dies with us; what we have done for others and the world remains and is immortal.”    - Albert Pike

A growing number of people are recognizing the need for insurance, and the smart ones go for a term cover, which is the cheapest and most proficient form of insuring one's life. Yet, the question remains – Does the term plan take care of all your insurance needs?

What if you suffer from a critical illness such as heart attack, or stroke which renders you paralyzed or temporarily disabled? That’s where term insurance critical illness rider pays off. This rider covers all your medical and rehabilitation costs if you are diagnosed with a life-threatening illness or disability.  Some critical illness riders also provide supplementary income when you are immobile.

Let’s take a look at some of the best term plans offering critical illness rider.  

1. Kotak Preferred Term Plan

It is a pure risk plan that provides high level of protection to your family in case uncertainties at a nominal cost. You can choose between two death benefit payout options, immediate payout and recurring payout. With flexible premium payout options, the plan gives you the flexibility to customize protection through Kotak Critical Illness Benefit (CIB). This rider pays you a portion of the basic sum assured in advance for treatment.

2. SBI Life - Sampoorn Suraksha

It is a group term insurance plan that provides excellent protection at affordable rates. Different formal and informal groups such as employer-employee, professional-affinity groups etc. can avail this plan. The policy offers spouse cover benefit, death benefit settlement along with terminal illness benefit. Under term insurance critical illness benefit, the plan covers cancer, coronary artery bypass surgery, heart attack, kidney failure, stoke, major organ transplant and more.

3. Shriram Life Cash Back Term Plan

It is an affordable term plan for you and your family, which gives you return of premiums at maturity. You can avail additional protection through available riders. Shriram Critical Illness Cover Rider covers against six major critical illnesses such as cancer, heart attack, stroke, kidney failure, major organ transplant, and coronary artery bypass surgery.

4. Aegon Religare iTerm

This term plan offers you an extensive array of choices to fulfill your family’s specific needs of financial protection. The policy offers various add-ons such as accidental death benefit rider, surgical benefit rider, and critical illness benefit rider etc.  AEGON Religare iCI Rider covers 4 critical illness conditions: cancer, open chest CABG, first heart attack and stroke. Under this rider, you’ll get the cover amount in case of diagnosis of any of these 4 critical illnesses.

5. Exide Life Term Insurance Critical Illness Rider

This is an add-on protection benefit, which you can add to your new or existing term plans. It pays a lump sum benefit in case you are diagnosed with major illness like cancer, heart attack, paralysis, kidney failure, coma etc. Under this rider, you can choose between two options; first option only covers 4 critical illnesses including heart attack, cancer, coronary artery bypass graft and stroke while the second option provides comprehensive protection against 25 critical illnesses such as chronic lung disease, apallic syndrome, heart valve surgery, major head trauma etc.

Evaluate and compare plans to find the one that meets your requirements in the best possible way.

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