Benefits Of Hdfc Life Critical Illness Plus Rider

The HDFC Life Critical Illness Plus Rider is an add-on plan that protects the member's family financially if they get sick.

Once a policyholder is detected with one of the 19 specified serious illnesses mentioned in the policy, they will get a lump sum payment from the rider. The member can use this amount to pay for the cost of treatment or for any personal expenses. . The rider can only be added to the main policy when it is first started or at the time of renewal. 

What is the HDFC Life Critical Illness Plus Rider?

Illnesses are the bane of every person's existence, wreaking havoc on their finances and quality of life without warning. So, have you thought about what would happen to your finances if you got a critical illness like cancer, kidney failure and and didn't have enough finances to pay for the treatment? If you can't work while you're getting better or if you're forced to quit, it will hurt your income, and the high cost of medical care can wipe out your savings.

The HDFC Life Critical Illness Plus Rider is made to protect you and your family financially in the event of a critical illness. This insurance gives you a lump sum payment if you are diagnosed with any of 19 critical illnesses. You can use this money to pay for costs related to the illness.

Benefits Of HDFC Life Critical Illness Plus Rider

Below we have enlisted the key benefits of HDFC Life critical illness plus rider - 

• Protection Against Serious Medical Conditions

This rider protects you from the financial burden of 19 different serious illnesses, such as cancer (up to a certain limit), heart attack (up to a certain limit), etc.

• Get Maximum Protection With The Fewest Exclusions

One of the best things about this rider is that it covers you with a small number of exclusions, or situations where you can't get coverage For example, diseases that were already there when the insurance was bought are either not protected or are covered after a certain amount of time. With this rider, you have a much better chance of getting money if you have a critical illness and meet the minimum number of exclusions.

• Accelerated Benefit

If a member is diagnosed with one of the 19 critical illnesses, the base plan sum assured up to the amount of the Rider Sum Assured is paid out as a lump sum. When the member dies, the base plan sum assured will be less than it would have been if the rider sum assured had been paid. The rider benefits will end either when the Rider Sum Assured is paid out or when the rider term is over.

Why Is A Critical Illness Rider Necessary?

If the policyholder is detected with a critical illness, a critical illness rider gives the money you need to get the best care possible without having to worry about costs. The cost of critical illness insurance is influenced by factors  such as the policyholder's age, the types of illnesses covered, the sum insured, and any pre existing medical conditions.

Conclusion

The HDFC Life Critical Illness Plus Rider provides you and your family with financial security in the event of a critical illness. If you are diagnosed with any one of the 19 severe illnesses covered under the rider, you will get a lump sum benefit. You can put this money toward covering the costs associated with the condition.

Also Read: Can You add a Rider To An Existing Policy?