Edelweiss Tokio life – CritiCare+:Critical Illness Insurance Plan

Friday, February 19th, 2016 Amritesh 3 responses

Edelweiss Tokio life
Observing the increase in the occurrence of  illnesses we all know the importance of an insurance plan which covers it. Now, most of us are covered by health plans offered by general insurance service providers but let me tell you the difference between a health plan and a critical illness plan!
  • A critical illness plan is different from a medical insurance plan in the following sense:
  • A medical insurance plan needs the life assured to undergo hospitalization whereas in a critical illness plan, diagnosis is enough to avail of the critical illness cover.
  • Medical insurance does not cover loss of income owing to onset of ailment whereas critical illness cover provides for any kind of requirement.
  • A medical insurance plan does not cover for payment of EMI’s on home etc in the event of indisposition of the breadwinner, the provision of which is there in critical illness plan.
Now, that we know the importance of a critical illness plan. Let’s look at the critical illness plans in the market.
EdelweissTokio life – CritiCare+ is a critical illness plan which covers 17 critical illnesses while most companies like Aegon and HDFC life only cover cancer. Now being protected against cancer is good knowing the increase in the percentage of people suffering from cancer. But even heart disease and kidney failure are prevalent, what about securing yourself against them?
So I would rather not take any risk and cover myself against common critical illnesses. Also some companies like ICICI provide a critical illness rider and not a standalone plan in which case you end up spending the same on adding the rider and you are taking a chance on your term cover. One great option you get in Edelweiss TokioLife – CritiCare+ is that you can choose the multi-claim option. Even for ICICI Pru iProtect there is no option of multiple claims & the critical illness cover ceases after the first claim and also you have to compromise on your term cover.
The policy remains in force only for the death benefit that too your sum assured will reduce accordingly.
With Edelweiss Tokio Life – Criticare+, you have the following benefits:
  1.  It covers 17 major illnesses including kidney failure, cancer, stroke, organ transplants etc.
  2. It’s a stand-alone plan and not very expensive.
  3. It provides a multi-claim option wherein you can claim up to 3 times during the policy tenure & also receive a waiver of future premiums after first claim which is a very good feature. Because after a critical illness your income could be hampered so waiver of premium will be a major satisfaction. Also the chances falling prey to another critical illness increases, it’s always better to be financially prepared for it.
So according to me Edelweiss Tokio Life – CritiCare+ is one of the decent critical illness plan in the market that will help one bounceback.

Note: This article has been sponsored by the respective Business House.
Amritesh is an experienced professional in the field of HR, Finance and Compliance. He is currently working in the IT Industry with an US based firm. He took up Blogging as a hobby which eventually turned into passion. He primarily focuses on topics related to Personal Finance, HR, Compliance and Technology.

All the opinions/suggestions/views expressed on this blog are just for sharing information. Readers are requested to consult their respective financial advisers and experts before taking any decision. Views shared through post or comments are personal opinion meant for reference of the readers. These should not be considered as Investment Advice or Legal Opinion. The Blog or the Author does not take any responsibility regarding any such action taken by any Individual.
Amritesh on FacebookAmritesh on GoogleAmritesh on InstagramAmritesh on LinkedinAmritesh on PinterestAmritesh on TwitterAmritesh on Youtube

Leave a Reply

Your email address will not be published. Required fields are marked *

Leave a Reply

3 Comment threads
0 Thread replies
Most reacted comment
Hottest comment thread
2 Comment authors
Policy21stAnonymousJairam Pai Recent comment authors
newest oldest most voted
Notify of

Nice article. It's made me think about buying an insurance policy that covers critical illnesses like stroke, kidney damages etc.

Jairam Pai

Yes. In today's times, with rising medical expenses and instability in the professional world, it's better to have more than a mediclaim policy.



I have read your Article and found it very useful. Thanks for sharing your article with us. We are providing services in critical illness insurance plan from past many years and our main motto is customer satisfaction. As we all know that in todays world anything can happen to our heath in a count of few seconds. So its better to have critical illness insurance for you and your family so that during the time of any emergency you dont have to face any problem. All you can focus is the recovery.