Many term Insurances include additional benefits in their policies like critical illness and disability benefits. These benefits are considered basic covers that every insurance provider must offer. Term Insurance with Critical Illness and Accidental Disability Policy offers various benefits and coverage during times of crisis.Read more
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Critical Illness policy covers various life-threatening illnesses and other peculiarities like including surgery expenses.
Accidental Disability policy covers disabilities that happened due to any accidents in a policyholder's life. These disability covers are mostly provided for permanent disabilities that occurred due to accidents.
Term Insurance provides complete security to the beneficiary of the policyholder in case the insured life passes away during the policy term. Many Term Insurances in India have several benefits offered under their policies for their customer’s convenience. Some benefits offered are critical illness and accidental disability covers.
Almost all insurance companies provide Term Insurance with Critical Illness and Accidental Disability policies. These policies cover the customer's illnesses and side effects caused due to the illness and surgeries that the policy covers.
Although all insurance providers offer rider options, the difference in the coverage amount and some add-on benefits help the customer make the policy comprehensive.
Some of the riders are:
Let us learn about critical illness and accidental disability riders in detail.
A Critical Illness rider commonly covers - heart attack, cancer, stroke, coronary artery, kidney failure etc. When a critical illness is detected, the policyholder can get their coverage amount within 24 hours.
The following are covered under the critical illness scheme:
Accidental Disability riders provide coverage against several disabilities that arise due to an accident. If the disability is permanent (fully or partially), it will be covered under the accidental disability rider. It helps provide a lump sum to cover various hospital and living expenses.
Some accidental disabilities are:
If the disabilities mentioned above are caused due to any accidents that happen in a policyholder's life, they can claim their sum assured amount under the Accidental Disability Benefit.
Although all insurance policies provide similar features, some remain specific to Term Insurance with Critical Illness and Accidental Disability Policy.
Some of the features are listed below:
Benefits offered by Term Insurance with Critical Illness and Accidental Disability Policy are almost similar in all policies. Some of the benefits provided are listed below:
Term Insurance with Critical Illness and Accidental Disability policy is add-on protection. A critical illness cover helps the policyholder cover their hospital, medical and treatment expenses. The policyholder can only focus on recovery without worrying about finances.
Accidental Disability cover offers protection for permanent and partial disabilities occurring due to an accident. Accidental death benefits are also provided for the policyholder’s beneficiary.
If any disability is not mentioned for coverage under any Term Insurance, then the policyholder cannot get any claims for those disabilities.
Some disabilities that are qualified for coverage are:
There are several exclusions in a Term Insurance with Critical Illness Cover. If the policyholder experienced any critical illness that falls under the exclusions category, they could never enjoy any benefits offered under critical illnesses. Also, there are a few criteria under which the policyholder cannot enjoy any critical illness benefits.
Some exclusions in critical illnesses are:
Some exclusions in accidental disability cover are:
Term Insurances with Critical Illnesses and Accidental Disability provides for the most critical times in a customer's life. With the help of term insurance, customers can stay secured and live a stress-free life without worrying about any misfortunes.
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