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    Benefits Of Critical Illness | PNB Metlife

    Benefits You Should Know About Critical Illness Insurance

    Last Updated On 16-06-2021

    The rising pollution levels, stress, reduced physical activities, adulteration in food, excessive use of chemicals in skin and hair care products, etc., can all contribute to poor health. It is startling to know that cancer, a disease that was rare and unheard of 20 years ago, is now attacking young children and older people with the same impact. Although the healthcare system has improved a lot, and you can win over these diseases with the right treatment and medication, the cost of medical care has become astronomical in the present. It is also expected to rise in the near future.

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    To cover these costs and ensure that you get the right medical services at the right time, life insurance with critical illness cover becomes an essential investment.

    What are some benefits of life insurance with critical illness cover?

    1. They offer lump-sum payouts: Life insurance with critical illness rider can be a handy financial tool in health emergencies. These plans offer lump-sum payouts on being diagnosed with a critical illness listed in the policy. All you need to do is inform the insurance company, and you can access your entire cover amount to cater for all medical costs, such as room rent, ambulance fee, the cost of tests, the cost of medicines, doctor’s fee, and more. You get increased financial flexibility and can concentrate on healing and getting better instead of being worried about arranging for cash to pay for all your expenses.

    2. They cover a wide range of illnesses: A critical illness cover offer protection from a wide range of illnesses, right from different types of cancers to heart ailments. Moreover, as stated above, the plan can be used to cover all expenses borne out of a serious illness and not just hospitalization.

    3. They are cost-effective: Buying a separate critical illness plan along with a life insurance policy may turn out to be more expensive. However, a critical illness rider can be added to a life insurance plan at a nominal additional cost. Such plans provide a life cover and health insurance coverage under a single policy. This makes it easier to manage your premiums and eliminates any chances of missing premium payments dates or getting confused with multiple plans.

    4. They come with a smaller waiting period: The waiting period in a health insurance plan can be high. However, life insurance with critical illness cover offers a shorter waiting period, usually lasting up to 90 days. This makes these plans much more useful and flexible.

    5. They can act as an income replacement: A critical illness can affect you in diverse ways. Not only do serious ailments impact your health and mental state of mind, but they can also interfere with your ability to work and earn money. In such circumstances, you can use the payouts from life and critical illness cover as a substitute for your income. This lets you be on your own two feet and live with dignity. It also reduces your dependence on debt and keeps you afloat.

    6. They offer tax benefits: Just like health insurance, you can also avail of tax benefits on a critical illness plan. Critical illness riders offer tax benefits under Section 80D of the Income Tax Act, 1961 and let you lower your tax output.

    To sum it up:

    Life and critical illness insurance can be your saviour in unfortunate times. These plans offer a life cover to secure your loved ones in your absence and at the same time ensure that you have a safety net to fall back on in times of medical distress. The premiums are cost-effective and offer high coverage against many of the expenses of various serious ailments. Hence, you should invest in life and critical illness cover at the earliest and be prepared for any eventuality that life may throw at you.

    Know more about term plan, term insurance and life insurance at PNB MetLife.

    Whether you are trying to lose weight or making a shift towards a healthy life, understanding your BMI (Body Mass Index) is one of the first necessary steps you can make. The BMI calculator can indicate your body’s fat content based on your weight and height. Once you have a clear view of this, you can go through different health insurance plans on the PNB website and secure your future financially against the growing healthcare costs. 


    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.

    PNB MetLife India Insurance Company Limited
    Registered office address: Unit No. 701, 702 & 703, 7th Floor, West Wing, Raheja Towers, 26/27 M G Road, Bangalore -560001, Karnataka
    IRDAI Registration number 117 | CIN U66010KA2001PLC028883
    For more details on risk factors, please read the sales brochure and the terms and conditions of the policy, carefully before concluding the sale.
    Goods and Services Tax (GST) shall be levied as per prevailing tax laws which are subject to change from time to time.
    The marks "PNB" and "MetLife" are registered trademarks of Punjab National Bank and Metropolitan Life Insurance Company, respectively. PNB MetLife India Insurance Company Limited is a licensed user of these marks.
    Call us Toll-free at 1-800-425-6969, Phone: 080-66006969, Website:, Email: or Write to us: 1st Floor, Techniplex -1, Techniplex Complex, Off Veer Savarkar Flyover, Goregaon (West), Mumbai – 400062, Maharashtra. Phone: +91-22-41790000, Fax: +91-22-41790203.


    Beware of Spurious Phone Calls and Fictitious / Fraudulent Offers!
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    As your trusted life insurance partner, PNB MetLife is with you amidst the current COVID-19 outbreak. Our policies also cover COVID-19 Claims. In case of a Death Claim, kindly submit the signed Claim Intimation Letter mentioning the policy number, brief of the insured event and other claim documents on the email mentioned herewith. Please write-in to us at or You can also call us on 1800-425-6969 for death claims intimations and for any queries on Monday - Saturday between 10:00 am - 7:00 pm.

    PNB MetLife Insurance, amongst the trusted Life Insurance companies in India, aims to provide a wide range of Life Insurance products that suits the needs of an individual at every stage of his life. Life Insurance Plans range from Term Life Insurance PlansTerm PlanProtection PlansLong Term Savings Plans , Retirement Plans & Child Education Plan.

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