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All about Critical Illness Plan

A critical illness plan covers diseases like cancer, corona, stroke, paralysis, heart attack and any other that is covered under the same. <br>https://www.sbilife.co.in/en/individual-life-insurance/traditional/poorna-suraksha

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All about Critical Illness Plan

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  1. All about Critical Illness Plan

  2. What is Critical Illness Plan? A critical illness plan covers diseases like cancer, corona, stroke, paralysis, heart attack and any other that is covered under the same. The policy helps you financially defeat these conditions by paying a lump sum amount at diagnosis for treatment purposes. You also have the option to opt for monthly income benefits.

  3. Why To Opt for Critical Illness Insurance ? Below are a few reasons why you may consider a critical illness insurance. • Helps you get the right treatment which might otherwise not be possible due to lack of money. • Keeps you from tapping on to your savings or other investment plans. • Comes with an easy enrolment and payment process. • The premiums are reasonable ensuring affordability. • Discounts on premiums if you buy online.

  4. Different Between Health Insurance & Critical Insurance A regular health plan will cater to medical expenses and take care of hospitalization costs. So there might not be enough left when you are diagnosed with serious diseases. A critical illness plan, on the other hand, is specifically designed to pay for life-threatening conditions. A lump sum amount is paid which can be used for treatment, replacing lost income, lifestyle changes post recovery and to repay any ongoing debt, if any.

  5. How to Use a Critical Illness Premium Calculator? A critical illness premium calculator is a free online tool. You can use it as many times as you can without worries. Enter the variables like DOB, policy term, premium frequency, sum assured and benefit option. Now you can select the ‘Calculate’ button. Now you can see the premium amount on your right. The result is displayed instantly and helps you plan your finances.

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