Term plan with critical illness suggestion?

242°
Deal Subedar
Par_

Hi,
I am looking for term insurance plan (around 1cr ) with critical illness (20 L).
looking for critical illness top-up because in case of any critical illness , they provide insured lump-sum amount which is, i think, good for initial treatment.

LIC is costly and don’t found any add-on for critical illness.
so if you guys have any good suggestion, i (and my other friends) want to buy it.

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I have an Aegon Religare term plan.
My advice is: Don’t depend too much on Critical Illness rider. Get a health insurance for taking care of the treatment.

Deal Subedar Deal Subedar
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Critical illness is taken after health insurance or term insurance?

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Deal Subedar Deal Subedar
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how much LIC quoting for premium for 1 Cr cover?

Deal Subedar Deal Subedar
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LIC giving quote of around 25,000 for pure term plan.

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Deal Subedar Deal Subedar
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Take a sufficient health insurance

Blaze Blaze
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Important in claim settlement ratio which lic is best but plan is very costly compare to other. I’m also looking for the same. Searching for good company who financially strong. Good claim settlement ratio and premium is competitive. Let me know if you find one

Benevolent Benevolent
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ICICI Prudential has add-ons for critical illness and accidental death.
I suggest you go for 1 Cr normal term cover + addl 50 L accidental death + critical illness. If you are already ICICI a/c holder, apply through net banking. You will get direct 5% discount on premium rate. Alternatively, break it into two policies from two different insurers.
Also take atleast 10 L medical insurance separately.

Deal Subedar Deal Subedar
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Bro, buy immediately cause term plans rates were supposed to increase on 1 April (IRDA notification), but companies have not yet increased the same (as on 05 April)

I bought 100 years terms plan for age 39, non smoker, 1cr sum insured for approx 78k payable for 10 years…..

Helpful Helpful
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which company’s insurance you took

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Deal Cadet Deal Cadet
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Will be Coverfox is good to take Term Plan??

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