10 OCT 2016
5 reasons term plan supported by critical insurance policy
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 are 5 reasons for you to invest in a critical care insurance policy to support your term plan.
Death after 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, and home loan EMI's etc. Even after having the funds and the right treatment, you may meet with an unfortunate demise. In such case, your family also needs financial security. A critical care insurance policy like Edelweiss Tokio Life – CritiCare+ 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 a lot 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 medi-claim, you may not be able to avail cashless facility for the same. A critical care insurance plan allows you to avail a lump-sum 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 term plan like Edelweiss Tokio Life – MyLife+ coupled with a critical illness plan like Edelweiss Tokio Life – CritiCare+ can keep your family prepared for any eventuality.
In conditions like blindness, deafness or Parkinson’s you may not be able to get employed in a fruitful occupation. This 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 receive a lump-sum amount, it would reduce the pressure on your family.
Follow-up procedures like cosmetic surgery in case of burn injuries and using prosthetic limbs etc are not taken care of by your medi-claim policy. If you are an amputee, you can still live a fuller life with prosthetic limbs. History has seen dancers and sportsmen performing with prosthetic and artificial limbs. The amount that you receive as a critical illness benefit may be helpful in giving you a new lease of life.
Generate a quote today for a term plan and combine it with a critical care insurance policy so that you are financially protected.
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