A critical illness is an unwelcome guest, one which puts a lot of strain on your finances. It can attack and deplete your savings if you are not adequately prepared for it. Even though you may be covered by a medi claim, there are expenses that may not be covered by the medi claim policy. Like for instance, if you have to undergo a procedure in a different city than the one where you live, you may have to take your family along. The travelling, accommodation and other such expenses would not be taken care of by your medi claim policy. You’ve to keep yourself adequately covered, financially speaking to face such an eventuality.
A critical illness plan
A critical illness plan like Edelweiss Tokio Life – CritiCare+ helps you to tackle the financial burden of a critical illness. Let’s assume that you have been diagnosed with CAD (Coronary Artery Disease) – a heart condition where arteries that carry oxygen-rich blood to your heart are either damaged or blocked and you require a CABG (Coronary Artery Bypass Grafting) procedure to rectify the condition. If you have to take time off from work for the recovery, you need to have an income replacement. You may have expenses like children’s school fees, home loan EMI’s, utility expenses etc to pay. With a critical illness plan, you get a lump sum pay out on occurrence of a pre-listed critical illness anytime during the policy term. This amount can help you with seeing to it that the payment towards your liabilities is regular and you are not defaulting on them.
With Edelweiss Tokio Life – CritiCare+, you have the option of availing of a multi-claim feature. This feature ensures that you can claim for incidence of critical illnesses up to three times during the policy term, subject to certain conditions.
Generate a quote today and find out how you can be well prepared for the onset of a critical illness.