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Term insurance wth CI add on

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21 Apr, 2023 by  Andy

Is it advisable to get CI addon with Term insurance ? I have few questions regarding the same..

1 - Are premiums for term+CI cover locked till insurance maturity? I know term insurance premium is locked for life but CI addon premium too is locked for life or it increases as per age?

2 - If in future I decide to drop CI cover and want to continue with Term Insurance only , would it be possible?

I am considering CI with term insurance because ICICI pruduentials CI add on with term insurance seems slightly cheaper than the standalone Critical Illness cover.

Term Life Insurance

1 Answer

07 May, 2023

Hello Andy,

Yes, it is advisable for you to add CI rider with your term plan. Below are my responses -

  1. Premiums for term cover is fixed but premiums for CI cover (addon) may get updated in the future depending upon the plan you buy. You should the policy terms and conditions before finalizing this.
  2. I don't think you can remove the CI addon once you have added the same to the policy.
  3. IPru's CI addon is an accelerated one. I think that's why it is cheaper.

We have a detailed Ebook written on the Critical Illness cover. I would suggest you go through the same. Here's the link for the same -


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