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Edelweiss Tokio Life - CritiCare Plus

What is the Plan all About?

Edelweiss Tokio Life CritiCare+ is a non-linked and non-participating Critical Illness health plan that provides coverage against 17 critical illnesses under 4 different group categories. Upon the onset of a critical illness, this plan covers health care expenses plus day-to-day hospital expenses. Under this plan, you have an option to make claims up to 3 times during the entire policy term. Edelweiss Tokio Life ensures that the future premiums are waived off after the first claim and the policyholder may continue to avail the benefit of protection.

What are the Key Features?

Protection against 17 Major Critical Illnesses

Lump Sum Benefit on the diagnosis of Critical Illness

Claim upto 3 times under Multi Claim Option

Waiver of future premiums on occurrence of first claim

Discounts on opting Higher Sum Assured

Easy benefit design for better understanding of the product

Avail Tax Benefits  

What are the Plan benefits?

  • Critical Illness Benefit
  • Following are the critical illness benefit options available under this plan.

    1.Critical Illness Benefit- OPTION 1-Single Claim:

    A lump-sum benefit (equal to the sum assured) is paid on the survival of life insured for 28 days after the date of the confirmed diagnosis of Critical Illness and policy terminates thereafter.

    2.Critical Illness Benefit- OPTION 2-Multi Claim:

    The insured can get claim benefits for up to 3 claims. The life insured can claim for Critical Illness only once from one group out of the 4 groups of categorized Critical Illness. Under this option, the claim is paid as a lumpsum benefit is paid on the survival of life insured for 28 days after the date of the confirmed diagnosis.The benefits you can avail under each claim are described below.

  • First Claim- Sum Assured is paid and future premiums are waived off
  • Second Claim- Sum Assured is paid
  • Third Claim- Sum Assured is paid and policy will be terminated thereafter
  • (Note: Claim for critical illness will only be accepted if the illness has occurred after the expiry of 90 days from the date of issue/date of revival of the policy. There is a survival period of 28 days and the waiting period between claims is 365 days)

  • Death Benefit
  • No death benefit is payable under this plan.

  • Surrender Benefit
  • No surrender benefit is payable under this plan.

Who can Buy the Plan?

Factor Minimum Maximum
Age (as on last birthday) 18 Years 65 Years
Age at Maturity - 70 Years
Policy Tenure 5 Years 30 Years
Premium Paying Term Same as policy term Years
Premium Paying Mode Annually
Sum Assured 5 Lacs 100 Lacs
Maturity Proceeds

Nil

Plan Type Online

Is any Rider Available with this Plan?

There are no rider benefits available with this plan.

Premium Illustration

Sample illustration of the Premium Amount for an individual of age 25, 30 and 35 years, opting for a Critical Illness Cover of Rs 25 Lacs or Rs 50 Lacs as Sum Assured and 5 years as Policy Tenure.

 

25 years

30 years

35 years

Sum Assured =Rs50 lacs

Rs5,134

Rs6,719

Rs10,160

Sum Assured= Rs25 lacs

Rs2,950

Rs3,742

Rs5,463

(Note: The illustration cited is for the single claim option, this premium amount is for a non smoker individual choosing single-claim option and keeping good health conditions at the time of buying this insurance plan)

Is the Plan, eligible for Tax Benefit?

Edelweiss Tokio Life CritiCare+ is eligible for Tax benefits as stated:

  • Premiums paid, qualify for tax benefits as per Section 80D of the Income Tax Act, 1961.
  • Critical Illness benefit(s) are entitled for tax benefits as per Section 10 (10D) of the Income Tax Act.

(Subject to the provision stated therein.)

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