Edelweiss Tokio Life - CritiCare+ Critical Illness Protection

Critical illness Insurance is something most of us assume we will never need. We are strong, healthy people and why would we ever fall ill? Right?- Wrong!. When we realize the need for insurance cover, it might be little too late.

Our busy and hectic life style takes its toll on our body, without we being aware of it. As we grow older, the accumulated side-effects of an unhealthy lifestyle will start making their mark. While our grandparents lived with reasonable health till 80-100 years, life expectancy is sharply declining for people of current generation. What this means is there’re greater risks of life threatening diseases which may attack us any moment without advance warning or symptoms. That is why it is important to have a critical illness cover. Note that your regular health insurance may not protect you against these critical illnesses, unless you’ve paid extra riders. Some of these treatments could be expensive and can cost you your life time of savings, if you don’t have decent insurance coverage.

With that background, let us take a look at Edelweiss Tokio Life’s  Crticare+ Critical illness coverage plan and understand its benefits.

Edelweiss Tokio Life - CritiCare+ covers following 17 critical illnesses:

Group 1:

1. Open Chest CABG (stands for Coronary Artery Bypass Graft)
2. Open Heart Replacement OR Repair of Heart Valves
3. Major Organ Transplant (Kidney and Heart)
4. Stroke Resulting in Permanent Symptoms
5. Aorta Surgery
6. Kidney Failure Requiring Regular Dialysis
7. First Heart Attack - of Specified Severity

Group 2:

1. Permanent Paralysis of Limbs
2. Major Burns
3. Total Blindness
4. Coma of Specified Severity

Group 3:

1. Aplastic Anaemia
2. Benign Brain Tumour
3. Major Organ Transplant (Bone Marrow, Liver, Lung, Pancreas)
4. Cancer of Specified Severity

Group 4:

1. Multiple Sclerosis with Persisting Symptoms
2. Motor Neurone Disease with Permanent Symptoms

Edelweiss Tokio Life - CritiCare+  is not a term policy. It doesn’t cover death. (No benefits will be paid if you die out of above illness), there is no maturity benefit and there’s no refund or payback if you choose to surrender the policy. But it certainly helps you recover from these deadly diseases, should you ever unfortunately encounter them, without having to empty your bank account.

Edelweiss Tokio Life - CritiCare+ policy holders will get to choose from Single Claim and Multi Claim option. In Single claim option, agreed sum assured will be paid in one shot (assuming person survives for 28 days from confirmed diagnosis) and after that policy is terminated. (For protection against some other illness later or repeat of same illness, you will have to buy a fresh policy)

In Multi Claim option, up to 3 claims are entertained, max one illness from each of the above 4 groups. (If you get both Major Burns and Total blindness, you will have to choose for which of these two you need to claim). On each claim, full sum assured will be paid, no need to pay future premiums and on third claim, policy is terminated. There should be one year gap between two claims. (3 may seem too less, but no human being usually gets multiple of these illness together. That is very unlikely scenario)

Edelweiss Tokio Life - CritiCare+ comes with a 15 day cancellation period, known as ‘Free Look Period’ during which if you choose to cancel, you can opt out of the scheme. (Some expense will be charged)

Edelweiss Tokio Life-Criticare+  can be purchased by individuals between 18 to 65 years of age and term can vary from 5-30 years. Check it out and act before it is too late.