This insurance policy goes beyond regular health insurance in terms of coverage and ensuring that you get the best prices for the highest quality of treatment. There are, of course, other significant benefits that you get from switching to this plan.
Taking Away Financial Burden
One of the main functions of this insurance policy is it replacing income as the primary mode of payment for treatment. Instead, with the money that you have steadily put into this plan, you are financially taken care of by your insurance provider.
This is primarily because it is not paid in terms of treatment. Instead, the critical illness insurance policies give out money right in the beginning, at the time of diagnosis, as a lump sum amount.
A major benefit of this insurance plan is it giving you tax-free treatment. Under Section 80D of the Income Tax Act, the pay-out for a terminal illness is tax-free.
Peace of Mind
The financial benefits of having this plan ensure that you retain a slight peace of mind.
While the mental and emotional toll caused by a critical illness is undeniable, at Cover 360, our plans take away the additional financial burden, giving you a slight peace of mind so that you can focus solely on your treatment.