INTRODUCTION
With the technological advancement, the quality of our life has improved impeccably.The new world has different challenges every single day which puts our health at risk.A critical illness can put your job at stake and adds additional pressure on your family. Hence it becomes very important for us to protect self and our families' interest. With smart planning you can not only safeguard yourself of the finances and the dependent family but also stay worry-free about the future. However one question that keeps arising in our mind - which health insurance offers maximum features at an affordable price. In our post below, we shall be reviewing one of the best insurance in critical illness space.GETTING TO KNOW EDELWEISS TOKIO LIFE - CRITICARE+
One such critical illness health insurance policy in the market today is Edelweiss Tokio Life - CritiCare+. The feature that really strikes is the flexibility Edelweiss Tokio Life -CritiCare+ offers with eligibility ranging from age 18 to 65. The policy can be bought for a period anytime between 5 to 30 years with annual premium payment frequency.
In addition to above eligibility, below are the benefits of opting to Edelweiss Tokio Life -CritiCare+
1) The policy can be claimed 3 times during policy term under MultiClaim Option
2) The policy covers over 17 critical illness which can be divided into four groups for multi-claim option
3) If you go for higher sum assured you get several discounts
4) The policy is designed in such a way that it is easy to understand with no hidden charges
5) Get tax benefits for premium and claim amount
2) The policy covers over 17 critical illness which can be divided into four groups for multi-claim option
3) If you go for higher sum assured you get several discounts
4) The policy is designed in such a way that it is easy to understand with no hidden charges
5) Get tax benefits for premium and claim amount
KEY FEATURES
The product come with two options:
Single Claim option: Under this option, a lump-sum benefit equal to the Sum Assured will be payable on the survival of life insured for 28 days following the date of confirmed diagnosis of Critical Illness and the policy will get terminated.
MultiClaim option: Under this option, the life insured can get benefit for upto 3 claims. Life insured can claim for Critical Illness only once from one group. Subsequent to a claim, the Life insured will still be eligible for benefits for critical illnesses falling under the other groups.
The benefits on each claim are as below and are payable on survival of life insured for 28 days following the date of confirmed diagnosis:
The benefits on each claim are as below and are payable on survival of life insured for 28 days following the date of confirmed diagnosis:
1st Claim – Sum Assured is payable and all future premiums are waived off
2nd Claim – Sum Assured is payable
3rd Claim – Sum Assured is payable and policy will get terminated
2nd Claim – Sum Assured is payable
3rd Claim – Sum Assured is payable and policy will get terminated
Edelweiss Tokio Life -CritiCare+ also offers a Free Look Period which allows you to go through the coverage amount, policy specifications and the other terms and conditions under the policy. If you disagree with the terms and conditions, you can return the policy within 15-30 days from the date of receiving your policy, stating the reason for your cancellation. Premium paid will be refunded after deducting proportionate risk premium, stamp duty and cost of medical expenses, if any.
GENERAL OBSERVATION & VERDICT
Edelweiss Tokio Life -CritiCare+ is simple to understand critcal illness insurance which offers very attractive benefits. With Free Look Period you can choose to return the policy if it doesn't suit your criteria. It's a must have policy, hence you should buy it as early as possible.To download a copy of free CritiCare+ Brochure : Click Here
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