Shriram Life Critical Illness Care Rider
What is Shriram Life Critical Illness Care Rider?
Critical illnesses can lead to expensive treatments and financial loss. Protect yourself from such losses with Shriram Life Critical Illness Care Rider.
- Buy this critical illness insurance with select unit-linked plans
- Claim coverage against six major illnesses
- Get wider coverage with pocket-friendly premiums
- Receive a lump sum payout on diagnosis of a covered illness
- Add critical illness health insurance to your existing coverage
Rider Type
Shriram Life Critical Illness Care Rider
Rider Term
Up to 25 years
Minimum Premium
Depends on coverage and insured's details
Maturity Age
70 years
Features and Benefits of Shriram Life Critical Illness Care Rider
Comprehensive Protection
Get coverage against six major illnesses such as cancer, heart attack, stroke, kidney
failure and major organ transplants.
Optimal Sum Assured
Enjoy coverage starting from ₹50,000 and going up to ₹25,00,000 for optimal financial
assistance.
Lump Sum Payout
Get the rider sum assured in a lump sum on diagnosis of any covered illness.
Choice of Plans
You can add the Shriram Life Critical Illness Care Rider to four different types of unit-
linked plans offered by Shriram Life Insurance.
Long-Term Coverage
Get covered against illnesses for up to 25 years for longer protection.
Tax Benefits
Get tax exemptions on the premium paid for the rider coverage.
Eligibility Criteria For Shriram Life Critical Illness Care Rider
| Age Criteria | Entry Minimum: 18 years (age last birthday) Maximum: 65 years (age last birthday) |
|---|---|
| Maximum Maturity | Age 70 years (age last birthday) |
| Policy Term | Minimum: 5 years Maximum: 25 years |
| Annual Premium | Depends on age, medical history and policy details selected |
| Sum Assured | Minimum: ₹50,000 Maximum: ₹25,00,000 subject to board-approved underwriting policy |
What Does the Shriram Life Critical Illness Care Rider Cover?
Shriram Life Critical Illness Care Rider covers six specified critical illnesses. These include cancer, heart attack, stroke, major organ or bone marrow transplant, kidney failure requiring regular dialysis, and open chest bypass surgery. Shriram Life Critical Illness Care Rider pays a lump sum benefit if the life insured suffers from any of these diseases and survives for 30 days after the diagnosis. However, on maturity, no benefit is payable.
What Does the Shriram Life Critical Illness Care Rider Not Cover?
Shriram Life Critical Illness Care Rider does not cover suicide, self-inflicted injuries, alcohol or substance abuse, criminal acts, pre-existing conditions, nuclear contamination, participation in adventurous or hazardous activities, or sports. Moreover, no benefit is payable if the life insured passes away during the policy tenure. There is also a waiting period of 90 days during which critical illnesses are not covered.
Download Documents For Shriram Life Critical Illness Care Rider
Downloading the documents for your Shriram Life Critical Illness Care Rider has become simpler and more convenient. Shriram Life Insurance allows you to get your documents online on our website. You can visit www.shriramlife.com, visit the 'Rider' page and download the brochure, policy document and endorsement. You can also save the downloaded documents for future use.
Frequently asked questions
Why should I buy the Shriram Life Critical Illness Care Rider?
You should buy the Shriram Life Critical Illness Care Rider because it is one of the best critical illness insurance covers available. It pays an additional benefit if the life insured is diagnosed with a critical illness covered by the rider.
How many critical illnesses can I claim under the Shriram Life Critical Illness Care Rider?
You can submit a claim under the Shriram Life Critical Illness Care Rider if you are diagnosed with any of the critical illnesses covered by the rider.
Can I choose the Shriram Life Critical Illness Care Rider with a term plan?
You cannot opt for a term plan under the Shriram Life Critical Illness Care Rider. This is because it is available only with selected unit-linked insurance plans
When will my critical illness insurance rider get terminated?
Under the critical illness insurance rider, your insurance will be terminated in any of the following instances, whichever is earlier:
- Life insured's demise
- Policy surrender
- Post claim payment
- Discontinued or paid-up policy
- Completion of the rider coverage tenure