Why Is Critical Illness Insurance a Necessity in Today's Time
Not just mental trauma, these kind of uncalled illness also brings financial trauma. There are certain benefits of investing in critical illness insurance:
Cost of critical illness is very high: Affording the costly medical treatments is not everyones cup of tea. So you will need Critical Illness insurance policy to cover all the expenses related to the listed critical diseases.
Lump sum benefit: The policy holder will receive a lump sum cash payment if they are diagnosed with one of the specified illnesses from the pre determined list.
Financial benefit: If the insured person suffers from certain critical conditions then a lump sum payment is provided to the policy holder.
Not just the person suffering, just imagine the plight of the people associate to the sufferer. The psychological and financial tension the family members go through. We obviously do not want to put our loved ones in a situation where they feel miserable due to the financial expense incurred on them because of our medical condition.
HDFC Life Critical Illness Plus Rider provides a financial helping hand during such tough times. The policy holder gets lump sum benefit on diagnosis of any of the 19 charted critical illnesses which can be used to cover the medical expenses. Why not just go ahead and plan for the worst case scenario and start an investment towards safeguarding yourself and your near and dear ones from the trauma of medical finances.
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ARN: ED/12/19/17049
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