Buy a term plan and secure your family
While getting regular check-ups can prevent or minimize illness, being sick can be a huge burden on your savings and your future financial plans. For such a scenario, a term plan with critical illness is one of the ideal options to help you be prepared for any unforeseen circumstance. However, not all term insurance policies come with a critical illness cover. Therefore, if you are opting for term insurance it is important to consider the critical illness rider among the other available term insurance riders.
There are many benefits of a term plan with critical illness rider, some of these benefits are:
The critical illness benefit as one of the term insurance riders provides you with additional benefits. It helps you in sailing through tough times. The payout availed in a term plan with critical illness can be used to cover any of the costs, from medical expenses to doctor visits to day-to-day expenses incurred due to the illness.
In case of any unforeseen event or some disease, the term plan with critical illness cover will help you and your family by acting as a cushion to cover hospitalization as well as other expenses.
A term plan offers a large scope of coverage at affordable premium charges. The scope of coverage is enhanced with the help of the available term insurance riders.
Even if you are suffering from a critical illness, the right term insurance policy can help you achieve peace of mind. This reduces the risk of developing any further complications and increases the chances of speedy recovery and survival.
The term plans available in the market offering the critical illness as one of the term insurance riders are:
Salama offers three types of term plans that eliminate the risk of financial loss in case of any unforeseen circumstance. Among the different term insurance riders offered, the critical illness rider that can be added to any of the plans. The three types of term plans offered by Salama are:
The Pure Protection Plan offered by Noor Takaful is a cost-effective term plan that is well suited to meet your short term financial goals, such as coverage to pay off a loan. The critical illness rider is an optional benefit offered that can be added to your base plan.
The Sure Term Plan is designed to offer you peace of mind and financial protection for your loved ones. The biggest feature of the plan is that it is portable and provides global coverage.
With the term insurance plan offered by Alliance Insurance, you get life coverage for a limited period of time. The exclusive features offered to the consumer with the term policy are the level term, executive term, convertible term, and limited payment term.
The Bottom Line
It is extremely important to hold a term insurance policy in order to provide a financial shield to your family in case of any unfortunate situation.