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    Know About the Features and Benefits of Critical Illness Insurance

    Last Updated On 23-09-2022

    It is no secret that today's world is fast-paced, competitive, and increasingly polluted. Many statistics show the increase of diseases, even among youngsters as old as 25 to 35 years of age. Moreover, lifestyle ailments and chronic health issues are also rising. We can take personal steps to combat these issues like eating organic and nutrient-rich foods, making time for exercise and movement, and improving our lifestyle, among other actions.

    But this still doesn't eliminate the possibility of not developing these ailments. When push comes to shove, we need adequate finances to deal with critical illnesses because the cost of treatment for them is high. Here is where a critical illness cover or critical illness insurance can help.

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    What is Critical Illness Insurance?

    Critical illness insurance is a type of insurance coverage that provides protection against lifestyle ailments and illnesses of a serious nature. The core purpose of critical illness insurance is to provide extra financial support to the policyholder and their family members so that they get through the financial crisis caused by a critical disease. It does this by paying a critical illness benefit on the diagnosis of a policy-listed disease.

    The benefit amount usually gets paid in a lump sum, so the policyholder and their family can use the money at their discretion. Critical illness insurance comes as a separate standalone insurance policy or an insurance rider to a life insurance or health insurance policy. The scope of coverage of the critical illness cover will vary depending on whether it is a standalone insurance policy or an insurance rider.

    What Does Critical Illness Insurance Cover?

    Critical illness insurance covers life-threatening diseases that require intensive care and post-operative care. Usually, illnesses that require immediate and intensive require hefty treatment costs and medical expenses. Most often, these illnesses qualify as critical illnesses:

    • Cancer
    • Heart attack
    • Stroke
    • Kidney failure
    • Liver failure
    • Multiple sclerosis
    • Alzheimer’s disease

    A critical illness cover also looks after surgical treatment costs of surgeries like:

    • Organ transplantation
    • Aorta graft surgery
    • Bypass surgery

    Critical illness insurance helps you take care of these expenses by paying a benefit amount. So, if in the instance you have to undergo treatment for a particular illness, your family can use the benefit amount received to take care of:

    • Hospitalisation costs
    • Ambulance expenses
    • Surgical costs
    • Diagnostic tests
    • Medicines and other post-operative care

    The benefit amount is over and above the health insurance or life insurance coverage. However, you do not receive the benefit as soon as the critical illness cover begins. Most critical illness insurance plans have a waiting period or survival period of 30 days from the first date of diagnosis, after which you receive the benefit.

    What are the Benefits of Critical Illness Insurance?

    The evident benefits of critical illness insurance include financial support during times of health crisis. However, you can also:

    • Maintain your peace of mind

      When you buy critical illness insurance, you can rest assured knowing that you and your loved ones are secure during hardships and do not have to compromise on anything. If your physical health gets taken care of, the emotional toll of dealing with a serious illness can lessen.

    • Keep your savings intact

      When you know you will receive financial support during a critical ailment diagnosis, you won’t have to break into your savings and empty the effort you have taken to build a financial reserve for your cherished ones. Your savings can continue to remain secure.

    • Get tax benefits

      With critical illness insurance or critical insurance rider, you don’t have to worry about paying taxes from the amount received. Under section 80D of the Income Tax Act, the benefit amount you receive is exempt from tax deductions.

    To Conclude

    The present-day hustle culture, exposure to harmful toxins in the air, water, and food, and increase in genetically-modified and fast foods, have only added to the prevalence of diseases. But a critical illness cover can help tackle the cost of recovering from those and ensure you lead a stress-free life. 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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