Win the Battle Against Critical Illness With Critical Illness Rider
PNB MetLife 29-09-2016 12:41:57 PM
Critical illness refers to a serious, life-threatening disease or disorder. A critical illness not only drains you emotionally and physically but also proves to be a financial burden. During the course of the treatment one has to go through a lot of inevitable expenses; right from medicines to tests to hospital fees and so on. Read More
In such a scenario, a critical illness insurance rider goes a long way to enable the insurer has the funds to get the right treatment and care. A critical illness insurance rider gives the critical illness sum assured to the life insurance policy holder on the diagnosis of the critical illness.
Riders are add-on covers, which insurers provide to enhance the scope of a life policy. In case of a critical illness, life cover proves ineffective as it does not cover the entire treatment cost. On the other hand, if it is topped with a critical illness benefit rider, the policyholder stands to gain a lump sum upon diagnosis of such an illness. It also takes into account the post-recovery costs. Cancer, kidney failure, and bypass surgery are some critical illnesses covered under a critical illness rider.
In order to identify the critical illness rider best suited for your needs, one must take into account various factors. Some of these parameters include age, regular mode of commuting to work and the history of critical illnesses in your family. Also, the costs involved should be taken into consideration. The riders are added at a premium cost as per the underwriting norms in case you decide to go in for a critical illness rider along with your basic health policy.
The aforesaid article presents the view of an independent writer who is an expert on financial and insurance matters. PNB MetLife India Insurance Co. Ltd. doesn’t influence or support views of the writer of the article in any way. The article is informative in nature and PNB MetLife and/ or the writer of the article shall not be responsible for any direct/ indirect loss or liability or medical complications incurred by the reader for taking any decisions based on the contents and information given in article. Please consult your financial advisor/ insurance advisor/ health advisor before making any decision.
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