Is it advisable to add a critical illness rider in Term Plan?

Hello Aditya,

A critical illness rider solves for the loss of earning, and various losses/expenses that are not covered by a regular mediclaim policy. For instance, one may have to curtail his work hours, take a break or quit altogether due to a serious illness.

It is not a substitute for a low health insurance cover. You must have adequate health insurance and a CI cover.

We have covered Critical Illness deeply in our free eBook on Critical Illness - which we strongly recommend you go through. This will give you a holistic perspective to make a decision.

Regarding what riders you must choose in a Term Plan - would like to know if you have ever tried Beshak TruMatch - it will give you the most detailed recommendations on products, coverage, riders, and customizations and also share the best matching plans for your unique needs.

Get personalized recommendations: www.beshak.org/Trumatch

Lastly, if you want to have a free consultation with any of our professional advisors you can go here: Get Free Consultation from Top Verified Financial Advisors Online | Beshak.org

Regards

Team Beshak

Hi Aditya,

While buying term plan adding riders is optional.

I Would suggest the following riders :

1. Accidental Death Benefit
2. Waiver of premium on Critical illness diagnosis
3. Income benefit on Accidental disability
4. Critical Illnees ( This can be purchased with any general or health Insurance company )

I would be happy to serve you with life insurance if intrested schedual a free call with me .

Thanks & Regards

Vikram Aralikatty ,CFP