HDFC Critical Care Plan | Features | Advantage

Critical Illness can strike anyone. Today with advancement in medical science it is possible to survive a critical illness. Expenses on survival with a critical illness can be very high. HDFC Critical care plan provides for a lump sum payment on survival post diagnosis of a critical illness, so that in the event a critical illness strikes, you don’t have to dig into those precious savings of yours.

Features –

Protection against critical illness –

The plan provide you valuable protection and support in times of critical illness, helping your family to remain financially independent in difficult times. It provides you with a health cover against 30 critical diseases.

Health Cover –

You have the liberty to choose the amount of health cover (sum assured) as per your need. The minimum amount is Rs-2 lakh and the maximum is Rs-20 lakh.

Sum Assured Changes –

You have the option to reduce the sum assured after the laps of three years after undertaking the policy, provided no policy claim has been made and the policy is still in-force subject to condition mentioned in the policy document.

Sum Assured Discount –

A sum assured of greater than Rs-10 lakh is entitled to a premium discount of 15 per cent on the access premium payable over the premium corresponding to the sum assured of over Rs-10lakh.

Term period –

The minimum term of the policy is 5 years and maximum term is 20 years. The policy term can be reduced after completion of the first three policy year, subject to condition mentioned in the policy document.

Entry Age –

The minimum age entry is 18 years and maximum age is 55 years.

Premium alteration –

You can reduce the premium amount after the completion of the first three year of the policy. You can change your premium payment frequency after the completion of one year, subject to condition mentioned in the policy document.

Maturity/Death/ Surrender benefits –

Policy does not offer any maturity death or surrender benefits

Advantages –

Provides valuable protection on survival post diagnosis of a critical illnesses
Covers as many as 30 critical illnesses
Lump sum benefit payment paid irrespective of medical expenses
The policy continues even after the benefit payment paid on selected illness
Choice of the level of health cover and premium payment
Convenient and hassle free claims

Tax benefits are available under section 80D under Income Tax Act, 1961

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Tags: HDFC Critical Care Plan, HDFC Life Insurance