Terminal Illness in Life Insurance

Illnesses can be unpredictable and can strike anyone at any time. Thus it is always better to be prepared in advance than to suffer in the future. A terminal illness rider in life insurance covers the policyholder financially in case he/she is diagnosed to be terminally ill during the policy term. Most plans offer the terminal illness rider in-built within the plan for the policyholder’s benefit, which means you won’t have to pay any extra amount to get rider coverage against terminal illness.

51 Partners Insurance Partners

10.5 Crore Registered Consumer

5.3 Crore Policies Sold

We are rated ++ rating

₹1 Crore Life cover starting from ₹478/month⁺

Lowest Price Guarantee ^˜

Male

Female

Name

Date of Birth

Mobile Number

Check Your Premium Now

Get Updates on WhatsApp

What is Terminal Illness in Life Insurance?

Terminal illness or accelerated death benefit in life insurance refers to the benefit amount paid to the policyholder in advance on the diagnosis of a terminal illness which may lead to an unfortunate death within six months. This is an important term insurance rider that provides enhanced coverage to the policyholder against terminal illnesses during the policy term. To receive the benefit amount, the policyholder has to be declared terminally ill by two IMA-certified doctors within the policy tenure, and the insurer will pay out the applicable terminal illness benefit amount to the policyholder.

Note: Know what is term plan first and then buy a term plan for your loved ones.

Note: It is suggested to calculate the term plan premium on the term policy calculator online tool by Policybazaar before buying.

Term Plans

₹1
Crore

Life Cover

@ Starting from ₹ 13/day⁺

₹50
LAKH

Life Cover

@ Starting from ₹ 8/day⁺

₹75
LAKH

Life Cover

@ Starting from ₹ 12/day⁺

Why is Terminal Illness Rider Needed in Life Insurance?

You need a terminal illness rider in life insurance to help secure yourself and your family in case you are diagnosed with a critical illness during the policy term. Let us take a look at why you need terminal illness cover in your life insurance.

Financial Protection: The plan provides financial protection to the policyholder and their family by providing them with a benefit amount to help take care of necessary expenses like medication costs and any other financial obligations.
Long Term Cover: A terminal illness in life insurance provides cover to the policyholder for a long term, till 85 years of age. The maximum coverage in different plans may differ, therefore, it is better to check the policy details before purchasing the plan.
Protect Your Savings: With a terminal illness cover in life insurance, you can use the benefit amount payable in case of a terminal illness instead of using your savings to pay for the treatment costs. This way, you can save your savings to use it for any financial emergency.
Pay off Hospital Bills: You can use the payout received from a terminal illness rider in life insurance to pay for the expensive treatment costs and medical bills that may otherwise put you under financial stress.
Peace of Mind: With an accelerated death benefit rider, you can live with peace of mind knowing you and your family will be financially stable in case of a terminal illness diagnosis.

Note: You should also check the term life insurance benefits if you are planning to purchase the term insurance plan.

Secure Your Family Future Today

₹1 CRORE

Term Plan Starting @

Get an online discount of upto 15%^#

Compare 40+ plans from 15 Insurers

⁺Standard T&C Applied

What are the Benefits of Buying a Life Insurance with Terminal Illness Cover?

It is very important to understand what is terminal illness in term insurance and what are the benefits of adding this rider to your base plan. Therefore, here is a list of benefits of buying a life insurance plan with terminal illness cover:

Large life cover at affordable premiums

You can get a terminal illness in term insurance at highly affordable premium rates. This is because most plans offer the rider as an in-built benefit or as a paid benefit, which can be added at highly affordable premiums.
Replaces income in case of a job loss

In case you are diagnosed with a terminal illness, the illness might cause you to lose your job. In such cases, you and your family may suffer taking care of your monthly expenses. Thus, a terminal illness benefit amount can help you pay for your bills and act as an income replacement.
Improve chances of survival

With the accelerated death benefit payout amount, you can get better access to quality healthcare, thus allowing you to get treatment at the best hospitals in the world. This way, your chances of survival are increased, and you can recover from the illness in peace.
Take care of debts and loans

After understanding the terminal illness meaning, you can easily use the rider payout amount to pay for any remaining loans or debts like home, car, or student loans that you might have taken out in your lifetime. This reduces the stress that may fall on you in times of financial crisis.
Increased Tax Benefits

Similar to term insurance, life insurance plans also offer you tax benefits under sections 80C and 10(10D) of the Income Tax Act of 1961. But with an accelerated death benefit rider included in the plan, you can also claim tax benefits under section 80D.

Final Thoughts

The Accelerated death benefit rider is an important and beneficial optional benefit that can provide you with financial help in case the policyholder is diagnosed with a terminal illness. In most life insurance plans, you can enjoy the benefit of this rider at no extra costs, but in case the plan of your choice does not offer this rider in the base plan, you can add it to the base plan by paying extra premiums. Always make sure to check the policy documents of your preferred plan to see the benefits and their exclusions to get a better understanding of the terminal illness rider’s coverage.

Note: Check out the best term life insurance in India and choose one that suits your requirements.

People also search for

What is Term Life Insurance

Different types of Plans

Term Insurance

View Plans

Life Insurance

View Plans

List of Term Insurance Companies

View Plans

TROP

View Plans

Term Insurance For Senior Citizen

View Plans

Term Insurance For Spouse

View Plans

Term Insurance For Family

View Plans

Term Insurance For NRI

View Plans

List of Term Insurance Plan

View Plans

Life Insurance Corporation of India

View Plans

What is Term Insurance?

View Plans

Term Insurance Calculator

View Plans

1 Crore Term Insurance

View Plans

2 Crore Term Insurance

View Plans

Explore the popular searches and stay informed

˜The insurers/plans mentioned are arranged in order of highest to lowest Sum Assured(SA) offered by Policybazaar’s insurer partners offering term insurance plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI.

Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in

Rs. 400/month is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

Rs. 400/month (Rs.13/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 230 is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 8/day is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 12/day is starting price for a 75 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 497/month is starting price for a 1.5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 487/month is starting price for a 2 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 626/month is starting price for a 3 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 905/month is starting price for a 5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,267/month is starting price for a 7 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

*The full refund of premium is available on availing the one-time option of refund of premium. Total premium paid for policy (paid for add-ons) will be the special exit value, payable on availing the one-time option of refund of premium if you wish to completely exit the policy.

+Rs. 447/month is starting price for a 1 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs.679/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 910/month is starting price for a 3 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,374/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,924month is starting price for a 7 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

Women

+Rs. 400/month is Starting price for a 1 crore term life insurance for an 18 year-old Female, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

Rs. 461/month is the starting price for a 1 crore term life insurance for an 24 year-old female, non-smoker, with no pre-existing diseases, cover upto 54 years of age.

1,642/month is the starting price for a 1 crore term life insurance for an 44 year-old female, non-smoker, with no pre-existing diseases, cover upto 74 years of age.

Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited

We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881

For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale

Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana – 122001 | Registration No. 742, Valid till 09/06/2027, License category- Composite Broker Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the insurers.

˜ Policybazaar Promise reflects the guarantee offered by insurers. Price assurance is based on certifications shared by insurers with us.