Edelweiss Tokio Life Criticare+ Critical Illness and Death Benefits
- 1 Edelweiss Tokio Life Criticare+ Critical Illness and Death Benefits
- 1.1 Overview of Edelweiss Tokio Life Criticare+
- 1.2 Types of Claims Available for Illness
- 1.3 Single Option
- 1.4 Multi-Claim Option
- 1.5 Reasons to Prefer for the Insurance Plan
Life gives large numbers of excellent opportunities to individuals belonging to the modern world. An increment in income potential naturally leads to drastic enhancement in one’s lifestyle yet financial status.
In this situation, it becomes essential for you that as a significant provider of the family. You should make sure of maintaining lifestyle and fulfill both aspirations as well as dreams. Under every problematic circumstance faced by your family. Here comes the role of a term plan, which always assures your family of providing necessary help in the unfortunate situation of your death.
The primary role of any term plan offered by one of the top insurance companies in India is to provide the family of a demised person with necessary financial support. That financial support for maintaining their lifestyles in the same way, which head of the family has offered to them. Here, you will be able to know about the insurance product as Edelweiss Tokio Life Criticare+.
Overview of Edelweiss Tokio Life Criticare+
Edelweiss Tokio Life Criticare+ is a non-linked yet non-participating type of critical health insurance plan. Which covers different types of 17 crucial levels of illnesses. In case of facing the unwanted onset of essential issues, you can be able to assure that your family receives required level of support in managing their daily expenses and their health care expenses.
Based on our multi-claim offers, we allow our customers to make claims to maximum three times of the policy term if you develop some other types of critical illness than the different group. We also assure about waiving of future premiums once you make your first claim and thereby, allow you to continue with the protection benefit for the family.
Types of Claims Available for Illness
Tokio-based critical illness plans offer two different kinds of claims to its customers, referred as single claim and multi-claim options.
According to the individual claim option, the insurer will receive a lump-sum benefit, which is equal to the amount assured as payable over the survival of insured life for the period similar to 28 days followed by the date of confirmed diagnose of any Critical illness. Now, the policy will terminate.
According to the many claim options, life insured can receive up to 3 different types of claims.
Reasons to Prefer for the Insurance Plan
Now, let us discuss few of the reasons, for which individuals of today’s society should prefer for our Edelweiss Tokio Life Criticare+ insurance plan.
A term at Low Cost
Firstly, as per the need-based solutions for critical illness, individuals can prefer for Term Assurance Plan at relatively Low Cost.
Option to Choose Suitable Death Benefit
In case of demise of your family member, you would be available with an opportunity to select death benefit in the form of monthly payments or a lump sum amount. Even depending upon requirements, one can also prefer for both of the options to overcome the adverse financial crisis.
Lets Users to Make the Cover Comprehensive
Another exciting thing about Edelweiss Tokio Life Criticare+ insurance plan is that it offers users with the option to make the cover relatively higher comprehensive with the help of suitable riders.
Discounts Available in Plans
Family members choosing for the critical health insurance scheme categorized under Edelweiss Criticare+ will get suitable discounts depending upon preferred plans.
Low Premium Lives for Females
One particular benefit in case of Criticare+ plan is that it provides a little value of premium rates for lives of females.
Cover also Available for People above 80 Years
Professionals involved in providing Tokio-based Edelweiss health insurance have also shown concern to the people, who are above 80 years. Because of this reason, Criticare+ is also offering suitable insurance coverage for individuals, who are more than 80 years of age.
Tax Benefits are Available
Unlike other critical illness or health insurance plans prevailing in the industry, Criticare+ plans allow you to avail of tax benefits up to a certain level based on claim and premium amounts.