Critical illness - standalone premiums are really expensive
I have downloaded e-book The Most Definitive Guide To Critical Illness Insurance and went through the pros and cons of CI rider vs CI standalone. Having said that, I still cant quite comprehend the argument in favor of standalone policy. When I checked premiums of Aditya Birla Activ Secur, the advisor told me that premiums will be revised every 5 years. On thier portal when I do some calculations - premiums increase exponentially after 40, 45 years so on.
I agree that number of illness covered is higher in standalone policy, but as your own e-book mentions, 90% of illness are in the common category.
In light of above, what are the most compelling reasons for stanalone CI cover ?