Term insurance with critical illness^~ benefit is one of the best combinations of life insurance that you can opt for. Term insurance offers financial security to your loved ones in your absence, supporting them to lead the lives you have envisioned for them. In addition to this, a term plan with a critical illness benefit secures you too, by providing you with protection against the costs of medical ailments. This makes for an ideal policy with many advantages.

What is a critical illness benefit?

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. When you buy term insurance with the critical illness benefit option, you can claim the sum assured on the diagnosis of a critical ailment covered under your plan. You can then use this money to clear hospital bills, ambulance charges, doctor’s fees, medicine costs or however else you deem fit.

Why do you need a critical illness benefit?

A critical illness benefit can offer many benefits, such as:

Lump sum payment without deductions

On the diagnosis of any of the listed diseases in the plan, you can claim instant lump sum payments without any hidden costs and use the money towards getting treatment.

Coverage for medical expenses

You can use the payout without restrictions of any kind and cover all related costs of a medical issue, such as hospitalisation, ambulance expenses, cost of medicines, room rent, and a lot more.

Income replacement

If you lose your ability to work and earn, the claim received from term insurance with critical illness benefit can be used as a substitute for your income. This money can cater to a number of needs and requirements.

More tax^$ benefits

You can enjoy additional tax^$ benefits up to ₹ 7,800/- on premiums paid towards term insurance with a critical illness benefit. This is over and above the ₹ 46,800/- tax^$ saved on your term insurance plan

Diseases covered under a term plan with critical illness benefit

ICICI Pru iProtect Smart term plan with critical illness benefit offers financial protection against the following ailments:

• Cancer of specified severity
• Angioplasty
• Heart Valve Surgery
• Surgery to aorta Heart and Artery Benefit
• Myocardial Infarction
• Primary (Idiopathic) Pulmonary hypertension
• Open Chest CABG
• Cardiomyopathy
• End stage Lung Failure (Chronic Lung Disease)
• End stage Liver Failure (Chronic Liver disease) Major Organ Benefit
• Kidney Failure Requiring Regular Dialysis
• Blindness
• Apallic Syndrome
• Benign Brain Tumour
• Loss of Speech Others
• Brain Surgery
• Coma of specified Severity
• Major Head Trauma
• Major Organ/ Bone Marrow Transplant
• Medullary Cystic Disease
• Permanent Paralysis of Limbs
• Alzheimer's Disease
• Stroke resulting in permanent symptoms Brain and Nervous System Benefit
• Aplastic Anaemia
• Multiple Sclerosis with Persisting Symptoms
• Muscular Dystrophy
• Motor Neurone Disease with Permanent Symptoms
• Poliomyelitis
• Loss of Independent Existence
• Parkinson’s Disease
• Loss of Limbs
• Deafness
• Systematic lupus Eryth with Renal Involvement
• Third degree Burns (Major Burns)

How does a critical illness benefit option work?

In order to buy the critical illness benefit, you need to pay a small extra cost over and above your term insurance plan’s premium. After you purchase term insurance with a critical illness benefit, you will receive an instant payout in a lump sum on the first diagnosis of any of the illnesses listed above.

Why buy ICICI Pru iProtect Smart Term Insurance Plan?

The ICICI Pru iProtect Smart Term Insurance Plan offers a life cover^` of ₹ 1 crore at an affordable premium. Moreover, you can also add a critical illness benefit (optional) at minimal cost and be covered against 34 critical illnesses^~. This can offer you security as well as peace of mind.

In addition to the above, the plan pays out the entire sum assured in case of terminal illness^{^^} and waives off your future premiums in case of total and permanent disability^{^} in an accident, so that your financial security is not compromised. You can also opt for your nominee to get an additional payout of up to ₹ 2 crore (inclusive of the sum assured), in case of accidental death^#.

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