Critical Illness Insurance Policy
Buy the best policy with a low premium and wide coverage
Buy the best policy with a low premium and wide coverage
Critical illnesses show up when you least expect them and throw a wrench in all your plans! Fortunately, there is an easy way to tackle the financial impact of these major ailments – it is to get critical illness insurance cover! While you might not be able to predict when illnesses can strike, these plans ensure that you are adequately prepared to handle things if they do!
Thanks to the advancements in modern medicine, most critical illnesses now have better treatment options and quicker recovery times. However, you will still need a financial helping hand during these trying times and this is where a critical illness policy can help! A good plan will take away all your financial worries and let you focus fully on your recovery.
Critical illness insurance can be added to our individual and family-based plans. It will provide a sizeable payout in case the policyholder is diagnosed with any of the illness specified under the plan. This payout will be in addition to the sum insured of your health insurance plan and can be used for non-medical expenses as well, such as EMI payments, bills, lifestyle costs, etc.
They say that tomorrow belongs to those who prepare for it today, and a critical illness policy is a must for a secure tomorrow. These plans ensure that major illnesses do not burn through your savings. Adding critical illness cover to your health insurance policy is a smart move that will help you tackle life-threatening conditions such as cancer, stroke, and so on from putting undue stress on your financial situation.
Our critical illness insurance plans provide coverage from a number of major conditions, surgeries, and medical events. This is to ensure you get complete peace of mind from life’s uncertainties. With critical illness cover from IFFCO-Tokio General Insurance Pvt. Ltd. you get protection against the 25 conditions listed below
A. The below-mentioned Illnesses: Cancer of specified severity, Kidney failure requiring regular dialysis, Multiple Sclerosis with persisting symptoms, Benign Brain Tumour, Motor Neuron Disease with Permanent Symptoms, End-Stage Lung Failure, End-Stage Liver Failure, Primary (Idiopathic) Pulmonary Hypertension, Parkinson’s Disease Before the Age Of 50 Years, Alzheimer's Disease Before the Age Of 50 Years
B. The following surgical procedures:
Major Organ (Heart/ Lung/ Liver/ Kidney /Pancreas) or Human Bone Marrow Transplant, Open heart replacement or repair of heart valves, Open chest CABG, Surgery of Aorta
C. The following medical events:
Stroke resulting in permanent symptoms, Permanent Paralysis of Limbs, Myocardial Infarction (First Heart Attack of specified severity), Third Degree Burns, Loss of Speech, Blindness, Loss of Limbs, Deafness, Coma of Specified Severity, Major Head Trauma, Muscular Dystrophy
While a critical illness policy from IFFCO-Tokio does offer a wide scope of protection, there are a few standard exceptions that escape the coverage of all health insurance plans. These include, but are not limited to the following
Any pre-existing loss, injury, or accident are not covered during the first 48 months of coverage.
Injury, disease, or damage due to wilful act, including attempting suicide or intentional self-injury.
Illness/accident caused by intoxication or addiction or overdose of drugs or narcotics/ alcohol
Any claim if the Insured person is taking part in a naval, military, air force or law enforcement operation.
Any claim arising out of sporting risk in so far as they involve the training or participation in competitions of professional or semi-professional sportsmen or women.
Any critical illness/medical event/surgical procedure arising out of any adventure activities/ sports.
Following a healthy diet, exercising regularly, maintaining a good sleep cycle – we should do all we can to keep critical illnesses at bay. However, despite our best efforts, these conditions can still affect us. It could be due to hereditary problems or simply because of old age. This is why it is so important to get critical illness cover for you & your family.
Your health insurance policy is your first line of defence against critical illnesses. However, since treatment for such illnesses can be quite expensive and can last for months, the sum insured of your normal health insurance will be exhausted pretty quickly. This is where the payout from your critical illness insurance plan will come in and help you cover costs.
The treatment of a critical illness could cause you to lose your source of income. This is where the payout from a critical illness policy can be extremely helpful. You can use it to cover your bills, your EMIs and household expenses while you recover.
Another plus point about a critical illness cover is that the payout it provides is tax-free. This ensures that you have the entire sum insured of the CI plan at your disposal. The best part is that these plans do no restrict the end use of the funds. They can be used to serve a multitude of expenses and ensure you can focus on your recovery.
The rate of inflation on medical expenses is extremely high. This is another reason why your standard health insurance plan will fall short when it comes to covering the cost of a critical illness. In a few years, the cost of treatment will have increased exponentially. This creates the need for critical illness cover to ensure protection from the cost of life-threatening illnesses.
There is an increase in the prevalence of life-style illnesses in the country. Some studies have shown that 1 out of 4 Indians are at the risk of dying before the age of 70 due to critical illnesses like cardio-vascular ailments or cancer. To protect yourself from such risks, it is essential to have a good critical illness insurance policy by your side.
You can include critical illness insurance as an add-on when you purchase an individual or family health insurance plan. You can also purchase this add-on when renewing your policy if you did not include it when you initially purchased the plan.
If you do not have health insurance or have a health insurance policy from another insurance provider, you can still purchase a standalone critical illness policy from us. Our critical illness cover offers a sum insured of up to 1 crore and provides protection against 25 critical conditions, surgeries & medical events.
We are happy to sit down and help you with your insurance needs. Our representative will help you understand how a critical illness policy works and guide you through the purchase process. They will ensure you leave our branch with coverage & complete peace of mind against 25 critical illnesses.
You can also purchase critical illness insurance online. All you have to do is visit our website, fill in a few details and we should have you covered in no time! The entire process can be done at a time & plan that’s convenient for you. There is no paperwork involved and you can enjoy instant policy issuance.
Unlike common ailments that make you sick for a short while, critical illnesses have the potential to leave a debilitating effect on your life. These diseases not only affect your ability to work but can also be fatal to your life.
“Critical Illness” means an illness, sickness or a disease or a corrective measure like-
We at IFFCO Tokio have noticed that more than often people’s lives come crashing down in the case of a critical illness. For example, if an ailing father or mother does not critical illness cover, it becomes difficult for the family to continue paying for the education of the children. There are other instances when aging parents have been diagnosed with critical illnesses and the lack of critical illness insurance has resulted in their son or daughter having to borrow money to continue supporting the expensive treatment.
Our experience at IFFCO Tokio has shown us that critical illnesses can affect people beyond the obvious symptoms or costs. In many cases, the disease results in an employee becoming unable to work and a lot of people lose their jobs. In some cases, the disease might cause partial or complete disability which renders the person not suitable for employment in certain working environments. Critical illnesses can completely change lifestyles and routines and can often create roadblocks in the regular schedules of the caregiver or the family too. As we can clearly see, critical illnesses often result in avenues of income being shut down and this can make supporting medical costs even more difficult. People with prior critical care insurance and critical health insurance policies can handle such situations because they have a backup plan financially.
It is important that you understand what is written in those fine-prints before you sign the document. Understanding the scope, the limitations, and the objections would help you understand the scope of IFFCO Tokio’s online critical illness policy. It has no doubt all kinds of unique advantages and helpful benefits such as:
But like every insurance policy has a lot of limitations, critical care insurance is not devoid of it either. Making an informed decision can help you stay aware and cautious such that you do not give in to any kind of hoax schemes or agreements which might be up and looming around
We at IFFCO Tokio have come across several examples of entire families and individuals who have gone bankrupt while trying to treat a critical illness. Therefore critical illnesses and the importance of having a critical illness cover cannot be taken lightly. The possibility of hereditary illnesses occurring has increased manifold because of catalysts such as stress and unhealthy fitness habits and medical emergencies can occur at any point in time. A critical health insurance policy can also help us stay calm and handle the diagnosis of a disease better and it also helps us in reducing the added tension that comes with the possibility of a critical illness.
No, the list of critical illnesses covered differs from insurer to insurer. Our critical illness insurance plans cover 25 life-threatening illnesses, surgeries & medical events.
No, we want to make it easier for you to enjoy critical illness cover. Therefore, we do not require pre-policy medical check-up if you are below the age of 50.