What is critical illness rider in term insurance

A critical illness rider is a beneficial rider that helps the policyholder financially in case they are diagnosed with a critical illness during the policy tenure. Critical illness is a life-threatening disease such as cancer, stroke, kidney failure, and others.

Is it good to add critical illness rider with term insurance?

Although all the riders have its own importance in some or the other ways, critical illness rider is a must which should be considered while buying a term insurance policy. Critical illness can dry out a person's finance in the most freakish way, so it is best to have term plan with critical illness benefit.

Is critical illness rider worth it?

A term insurance plan that comes with a critical illness benefit can cover both hospitalisation and non-hospitalisation expenses too and may also provide much needed cash flow during the recovery period. Alternatively, you can go for a higher health cover as a regular health cover provides a much wider coverage.

What is term insurance with critical illness?

A critical illness benefit is an optional add-on in term insurance policies that covers you against the costs of treatment of any of the listed ailments in your policy. The most common life-threatening illnesses include cancer, heart attack, stroke, kidney failure, and other critical illnesses.