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A term insurance plan will help you secure the financial future of your loved ones. Moreover, it will help you to shield your loved ones from all sorts of uncertainties in life. When we talk about uncertainties, it may vary from critical ailments, loss of income, untimely death of the sole breadwinner, and so on.
Simply put, if you buy term insurance for your family, you will provide them with a financial buffer in case of such similar unanticipated events. But did you know that not all term insurance plan comes with a critical illness cover? Hence, it would help if you chose a term plan to go for critical illness coverage by paying an extra premium, thereby securing your family and yourself in a much better way.
Here, we’ll talk about some of the key benefits of opting for life insurance with critical illness cover. But first, let’s dive a little deeper into the concept of a critical illness cover or rider.
What is a Critical Illness Cover with a Term Plan?
A critical illness cover is a kind of rider plan you can opt for along with your chosen term plan online. This rider will provide you and your family with extra financial assistance during any medical emergency in the future. A critical illness may come anytime, unannounced. Hence, having this rider along with your term plan will help in such dire conditions.
Why Choosing a Critical Illness Cover is a Must?
How Does a Critical Illness Cover Work?
Now that you know about the critical illness cover with term insurance benefits, you should know how this cover will work for you. Basically, under this cover plan, you’ll receive a lump-sum amount for the diagnosis and treatment of any critical illness. However, the illness might be detected before you buy the plan or during the policy tenure, and hence, it’s important to check the coverage properly before choosing the rider. Also, you can get the benefits of having the hospitalisation and non-hospitalisation expenses covered.
Things to Consider While Buying a Critical Illness Cover
Here are a few things that you should consider while opting for a critical illness rider along with your term insurance plan:
Wrapping it Up
You must consider a critical illness cover along with your term plan online as it will help you face difficult times boldly, without having you give up on quality medical treatment for yourself or a family member due to a shortage of funds. However, always make an informed choice and carry out diligent research online before choosing a plan. To know more about term insurance, life insurance and long term savings 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
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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.
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Call us Toll-free at 1-800-425-6969, Phone: 080-66006969, Website: www.pnbmetlife.com, Email: firstname.lastname@example.org 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.
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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 email@example.com or firstname.lastname@example.org. 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 Plans, Term Plan, Protection Plans, Long Term Savings Plans , Retirement Plans & Child Education Plan.