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Critical Illness Insurance

Critical Illness Plan or Poorna Suraksha is an individual, non-participating and non-linked life insurance, pure risk premium product with in-built cover. <br><br>https://www.sbilife.co.in/en/individual-life-insurance/traditional/poorna-suraksha

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Critical Illness Insurance

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  1. Critical Illness Insurance

  2. Critical Illness Insurance Critical Illness Plan or Poorna Suraksha is an individual, non-participating and non-linked life insurance, pure risk premium product with in-built cover. It offers a predefined sum as financial support when you are diagnosed with a critical illness. Features: • Comprehensive protection in case of serious illnesses and death. • Life and illness cover is re-balanced at every policy anniversary. • A lump sum payout is given, in case you are diagnosed with one of the 36 illnesses covered. • Fixed premium throughout the tenure. • Minimum age of entry is 18 years and maximum is 65 years. • Minimum age at maturity should be 28 years and maximum 75 years.

  3. Benefits of Critical Illness Insurance You can pick a suitable tenure for premium payment, according to your financial situation. The premiums remains constant throughout the tenure. The sum assured between life and critical illness cover is automatically adjusted at every policy anniversary. You are eligible for tax exemptions, as applicable under Indian tax law. Future premiums are waived in case the policy holder is diagnosed with one of the 36 critical illnesses covered.

  4. Diseases Covered Under Critical Illness Plan • Heart Attack • Cancer • Kidney Failure • Paralysis • Coma/Terminal Illness • Major Organ Transplant • Major Head Trauma • Parkinson’s Disease • Chronic Lung & Liver Disease • Brain Tumor • Brain Surgery • AIDS • Third Degree Burns • Permanent Blindness, Deafness and Speech Loss

  5. Critical Illness Plan for 40-50 Age Group This is the ideal age to opt for a critical illness plan. The number of incidences of major diseases tend to rise as we age. In fact, injuries and infections are common too and can recur often. The treatment costs are also increasing over time. Therefore, starting early is the best way to benefit from the right amount of insurance. This will help you reduce the financial burden when you are diagnosed with a critical illness. You do not have to depend on your savings, loans or family members to pay for treatment.

  6. A Good Critical Insurance Plan Should have life-stage rebalancing option. Should have non-jumping or fixed premiums throughout its tenure. Should provide comprehensive cover against death and 36 critical illnesses. Should be simple, reliable and secure. Use a Critical Illness Premium calculator to know the premium amount. All you have to do is enter the policy term, payment frequency, DOB, smoker/non-smoker and gender for the exact premium amount.

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