It is often suggested that one buy a Critical Illness plan at around 40, however buying early still helps as health risks are less and so is the premium. You may be having a health insurance policy which will provide security in case of hospitalisation but having a critical illness cover would safeguard you in case you face a medical crisis.
With the fast-paced life and change in lifestyle, the chances of anyone getting affected due to severe illness has increased drastically. Recovering from a severe illness or a surgery can be both expensive and time consuming.
Here are 4 reasons why it’s important to have a critical illness cover in your policy:
Increase in lifestyle related illnesses
Medical Cost on the rise
Protection against 37 critical illnesses
Lump sum pay-out in case diagnosed with any critical illness
- A Consumer Education Initiative series by Kotak Life
Amit Raje is an experienced marketer who has worked in various Fintechs and leading Financial companies in India. With focused experience in Digital, Amit has pioneered multiple digital commerce in India. Now, close to two decades later, he is the vice president and head of the D2C business department. He masters the skill of strategic management, also being certified in it from IIMA. He has challenged his challenges and contributed his efforts in this journey of digital transformation.
Reviewed By :
Prasad Pimple
Prasad Pimple has a decade-long experience in the Life insurance sector and as EVP, Kotak Life heads Digital Business. He is responsible for developing user friendly product journeys, creating consumer awareness and helping consumers in identifying need for life insurance solutions. He has 20+ years of experience in creating and building business verticals across Insurance, Telecom and Banking sectors
