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Benefits of Critical Illness Rider In Health Insurance

Published On Nov 05, 2021 11:00 AM By InsuranceDekho

With the rise in the inflation in the health sector, the cost of treatments in private hospitals have also increased drastically thus resulting in the exhaustion of the financial savings of the policyholders. Health insurance plans can be bought to get some financial aid to compensate for the expenses incurred during the treatment of critical diseases like diabetes, stroke, sclerosis, etc, as it costs higher than a usual medical treatment. People with a basic health insurance plan can invest in additional covers to get enhanced coverage on their existing health insurance plan. Critical illness rider plans can be bought by the people to get coverage for their critical illness treatments at the hospitals.

This critical illness rider plan is an extension to your existing regular health insurance plan and can be used to compensate for the high costs of medical treatments of life-threatening diseases. Before investing in this rider plan, you must make sure that it meets your requirements and covers the desired critical diseases. People with a medical history of critical ailments must invest in this rider plan as it is both cost-effective and extensive for them.

Benefits of Critical Illness Rider In Health Insurance

About Critical Illness Rider In Health Insurance Plans

Critical illness rider plans under the basic health insurance plans are covers that compensate for the medical dues incurred during the treatment of a critical disease like diabetes, heart attack, stroke, cancer, and much more. It covers a list of chronic ailments and provides lump sum payment to the policyholders at the time of availing the policy. To help the policyholders in overcoming the financial stress, this plan offers the claim amount for paying off debts, and compensating the income loss due to the treatment of the disease.

Must Read: Best Critical Illness Policy In India In 2021

  • These plans include a range of different life-threatening chronic diseases like sclerosis, stroke, cancer, diabetes, etc.
  • The features and perks of this plan can be availed after the waiting period is over for a specific health condition. This period is specified by the insurer at the time of the purchase of the plan
  • The lump sum payment of the claim amount can be used to pay off for the loss of income incurred due the treatment of life-threatening diseases.

Benefits of A Critical Illness Rider Plan

Let us look at some of the common benefits of a critical illness rider plan that can be availed by the policyholders when needed:

  • These riders come with a short waiting period thus ensuring quick services under the plan in case of an emergency.
  • Claims under this rider cover can be made on the mere basis of diagnosis reports. People need not produce any proof of hospitalization to avail the claims on their plan.
  • Under section 80D of the Income Tax Act, tax saving perks are offered to the policyholders who are also the tax payers on their premium amounts.

Importance of A Critical Illness Rider Plan

Following are some of the key points that signify the importance of having a critical illness rider plan:

  • The critical illness rider plan acts as the replacement for the income of the policyholders that may have been lost due to the treatment.
  • This rider enables the policyholders to get double tax benefits on their premium payments.
  • It covers all the day to day expenses incurred during the treatment of a critical disease apart from the hospitalization expenditures.
  • It includes a list of critical ailments under the plan that are pre-specified by the health insurance provider.


People who have a medical history of critical illnesses or have a pre-existing critical ailment can invest in a critical illness rider plan to enhance their existing health insurance policy. This plan makes sure that the policyholders need not invest in a whole new cover and instead buy an extended plan with comprehensive features.

Also Read: Importance Of Purchasing Critical Illness Rider

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.

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