5 Term Insurance 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 Life iTerm Plan

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 Life 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.

The COVID-19 has surely impacted the lives of every individual worldwide and at the same time has brought a lot of apprehensions and uncertainty too. With a coronavirus term insurance, you can stay at peace and feel secure along with your loved ones. If you have an existing term insurance policy you can easily file a claim without taking many loads. The coronavirus term insurance will let you and your family achieve all the milestones without any financial barrier. However, if you do not have one, get in touch with the insurance company and buy a suitable plan understanding the terms and conditions so that you do not have to regret later.