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Reasons your term plan needs Critical Illness Benefit

  9/9/16 9:40 AM

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By now, most of you would have understood the need and importance of having a term plan. Some of you may also know the benefits of a critical illness plan. Here, we tell you 5 reasons in which you would benefit by adding a critical care insurance plan to support your term plan.

Having to fight a long illness

When you have to fight with an illness for a long time, you need funds to take care of routine payments like utility bills, children’s fees, home loan EMI’s etc. Even after having the funds and the right treatment, you may meet with an unfortunate demise. In such a case, your family also needs financial security. A comprehensive term plan like Edelweiss Life Total Secure+ provides financial back-up when you are attacked by a critical illness.

Financial protection for transplants

In case you require an organ transplant, the costs of the same can be humongous with out-of-pocket costs like your own transportation or that of the donor. If the organ is being donated posthumously, the transplant has to be done immediately. In such cases, you may need funds to get admitted to a hospital of your choice or where the organ location is. Even if you are covered by a mediclaim, you may not be able to avail of a cashless facility for the same. A critical care insurance plan allows you to avail of a lumpsum amount using which you can meet the out-of-pocket expenses.

Taking care of your parents and kids

If you are the breadwinner of your family and have the responsibility of tending to your aged parents and young kids, both of whom are unable to add to the income of the family, an unfortunate event can burden your spouse immensely. This event can be in the form of a critical illness or your unfortunate demise. A comprehensive term plan like Edelweiss Life Total Secure+ can keep your family prepared for any eventuality.

Life long conditions

In conditions like blindness, deafness, Parkinson’s and kidney damage requiring dialysis, you may be confined indoors for the rest of your life. This may mean that you may not be able to get employed in a fruitful occupation. Which also means that you may not be able to contribute to the family income. This, added to the fact that you may require to be taken care of would put a lot of pressure on your family. If you have a lumpsum amount, you can opt for hiring professional care for yourself so that your spouse may be able to bring food to the table by working till you are around.

Generate a quote today for Edelweiss Life Total Secure+ and get to know how you would benefit by having a term plan that has in-built comprehensive protection for critical illness.

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