What could be worse than death?
Loss of life seems like the ultimate calamity. But living with a long term illness or disability that leaves you unable to function normally can be worse. Imagine losing motor function, or being paralyzed.
These scenarios are so shocking and distasteful, we try not to think about them. But being prepared is crucial if you want to care for your family and loved ones, and especially if you need to take care of yourself.
Edelweiss Tokio Life – CritiCare+ promises to be the friend in deed when you are in need.
Some highlights that impressed me were –
Multiclaim option allows you to make a claim up to three times for different illnesses.
Premiums stop as soon as you make a claim
Say you already made a claim because you are critically ill. So you may be unable to work resulting in a loss of wages. Making insurance premium payments is going to be a drain on your finances at this time. If you have chosen the multiclaim option, premium waivers will stop after your first claim while maintaining your cover.
Lumpsum on Diagnosis
Getting a lumpsum benefit on diagnosis allows you flexibility. You have the freedom to choose treatment options, or use the money according to your priorities. Mostly it will allow you to maintain the quality of life that your family is used to.
How does Edelweiss Tokio Life – CritiCare+ compare to other plans?
I don’t buy a toothbrush without comparison shopping. For something as serious as insurance, I did some research.
- Maximum entry age is 65 as compared to 55 offered by SBI Life Criticare Rider.
- Covers 17 critical illnesses compared to 13 covered by SBI Life Criti Care Rider or 12 covered by Aviva Health Secure, 10 by Bajaj Allianz etc. Definition of these differs according to provider.
- Requires a survival period of 28 days unlike ICICI Lombard Critical Care which requires no waiting period.
- Coverage up to 1 crore which is industry best.
Critical care health insurance can be bought as a separate policy or as a rider to an existing plan. It all depends on which policy you are buying. You have to decide your priorities and choose one that is right for you. The definitions of every condition will vary from plan to plan. You have to identify if you are at risk for certain things due to history or other lifestyle factors.
Read all the conditions and fine print and read brochures in detail. If you don’t understand the language, be sure to ask for an explanation.
Investing in a critical care policy is the right step toward securing your future, and maintaining your standard of life when you are struck down by a critical illness.
This is a sponsored post.