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Is critical illness rider an additional or accelerated rider?

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09 Feb, 2022 by  Archie

PLease explain the difference

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Term Life Insurance

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09 Feb, 2022

Sorry, I forgot to add, does this change from brand to brand?

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16 Feb, 2022
MBA | 5 years experience
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Dear Archie,

Critial illness rider is different from accelerated CI rider. It vary from plan to plan. Some plans offer only CI while other offer ACI.

The primary difference is Sum Assured. Incase of CI your total sum assured will be TermCover+CI cover while incase of ACI the term cover includes the amount of sum assured and therefore in this instance incase a claim is made for ACI the term cover will be reduced by same value.

Plan a: Term Cover - 2 cr & CI cover 20 Lacs - Here the total cover amount is 2.2cr. incase of CI claim 20 lacs will be paid while term cover will continue to be 2 cr.

Plan b Term Cover - 2 cr & ACI 20 Lacs - Here the total cover amount is 2 Cr. Incase of ACI claim 20 lacs will be paid from with the term cover and it will be reduced to 1.8 cr.

I hope I have answered your question .


Rohit Dhingra

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