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    Financial Cover for Women Specific Critical Illnesses in India

    Last Updated On 23-09-2022

    Consider yourself fortunate if you are unheard of for critical illness cover. However, the rising health issues among women of all ages have brought this policy into the picture. Here is all you need to know about critical illness policy.

    What Is Critical Illness Insurance?

    As the name implies, critical illness cover offers financial protection against various life-threatening conditions. These disorders are so severe that they necessitate frequent medical visits, prolonged hospital stays, and expensive therapies at regular intervals. If you have this cover, your health insurers will assist you by offering a lump sum pay-out to cover these expenses.

    The policy term expires as soon as the insurer settles the claim amount. A critical illness policy is a rider benefit you can purchase with your standard health or life insurance plan by paying an additional premium.

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    What is Covered Under the Critical Illness Policy?

    Some most common diseases covered under this add-on policy are listed below.

    • Cancer up to a certain stage
    • Kidney failure (requiring frequent dialysis)
    • Major organ transplant
    • Bacterial meningitis
    • Multiple Sclerosis
    • Muscular dystrophy
    • Bone marrow transplant
    • Aplastic anaemia
    • Loss of speech

    Why Should You Buy Critical Illness Insurance?

    The list of critical illness benefits is quite extensive. Here, we give you a few justifications for buying this rider.

    • Serves as income replacement:

      Several serious ailments, like breast cancer, might suddenly take away your ability to make money. The frequent doctor visits and extended hospital stays may compel you to quit your career, leaving you jobless. Critical illness insurance supports you in these circumstances by offering a lump sum pay-out that replaces your lost income. You can use the compensation amount to cover hospital costs, unpaid debts, child's education expenses, etc.

    • Coverage against life-threatening ailments

      As you grow older, your health condition only deteriorates. At this age, the risk of developing a serious illness is very significant. Therefore, purchasing this add-on is crucial to dealing with them. It assists you in avoiding using retirement funds to pay for exorbitant medical expenses.

    • Tax benefits

      In case you have purchased a critical illness rider with term insurance or standard health insurance, you can enjoy dual tax benefits. The first is tax benefits of up to ₹1.5 lakhs for term insurance under section 80C. The second is up to ₹25,000 for the premium paid for the critical illness cover under Section 80D.

    Difference Between Critical Illness Cover And Health Insurance Policy

    Parameters Health insurance plan Critical illness cover
    Meaning A standard health plan provides comprehensive coverage against various diseases and pays for hospitalisation expenses. A critical illness plan solely provides financial coverage against severe diseases like cancer, paralysis, etc.
    Benefits You need to submit your hospitalisation or medical bills to claim reimbursement. As soon as you are diagnosed with any of the covered diseases, the insurer pays out the lump sum after verifying the diagnosis report.
    Waiting period The minimum waiting period of this plan is as low as 30 days. The waiting period is 30 days from the start date of the policy.

    Things to Consider When Buying a Critical Illness Policy

    • Waiting period:

      The term 'waiting period' means that you can enjoy the policy benefits only after this period is over. This duration varies with each insurer and is determined by the severity of the disease. Thus, choosing an insurer offering a low waiting period for critical illness cover makes sense.

    • Renewal age

      Some critical illness insurance policies allow for renewal up to a particular age, while others come with a lifelong renewability option. If possible, always opt for the latter.

    • Inclusions and exclusions

      The list of diseases covered under the critical insurance plan differs greatly with each insurer. It is crucial to pay close attention to the policy's inclusions and exclusions to avoid any hurdles in future.


    Given the rising incidence of breast cancer, fallopian tube cancer, etc., critical illness insurance for women is essential. Make sure you acquire it as an add-on to a term plan or Mediclaim policy to save on premium instead of purchasing it separately. To know more about term plan, term insuranceulip plan, retirement planlong term savings and more visit PNB MetLife website.


    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.
    Tax benefits are as per the Income Tax Act, 1961, & are subject to amendments made thereto from time to time.
    Please consult your tax consultant for more details.
    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!
    IRDAI is not involved in activities like selling insurance policies, announcing bonus or investments of premium. Public receiving such phone calls are requested to lodge a police complaint.




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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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