Benefits of the DHFL Pramerica Traditional Critical Illness Rider
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Adding a rider to your basic insurance plan is always a beneficial decision. At only a nominal cost, you get more features added to your existing plan. Various riders cater to various circumstances when they give out benefits. The DHFL Pramerica Traditional Critical Illness Rider is one such rider that is usually available with the DHFL Pramerica U Protect Plan.
Benefits of the DHFL Pramerica Traditional Critical Illness Rider
The following are the benefits available with the DHFL Pramerica Traditional Critical Illness Rider
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Risks Covered Promptly
The DHFL Pramerica Traditional Critical Illness Rider covers critical illnesses that have been diagnosed by a registered medical practitioner, given that the policyholder survives for at least 30 days after such diagnoses. This must also be vetted by a Company-accepted specialist. The subsequent costs are to be covered by the insurance company.
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Sufficient Amount Paid Out
In case the policyholder fulfils the conditions of this rider, they are liable to be paid a Coverage Sum Assured. This is paid in addition to the benefits paid under the base policy. The sum assured from all other riders active at that time is payable too. However, no claims to these benefits are entered within 90 days after the base insurance policy has begun or has been revived.
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Ease of Premium Payment
The premium amount and frequency are pre-determined at the commencement of the Rider. It is specified by the Company. The rate of premium payable is also reviewable by the insurance company after the first five years have passed from the commencement of the plan.
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Increase in Premium Amount
In case you feel your condition has worsened or you need more coverage, the DHFL Pramerica Traditional Critical Illness Rider helps you do that. It can be done by a request to increase the premium amount. You can also request a decrease in the premium amount. The company shall then request documents to verify and back such requests. The change is reflected only if the company accepts it.
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Conclusion
The DHFL Pramerica Traditional Critical Illness Rider certainly makes for a profitable addition to your existing insurance plan. Critical illnesses often incur heavy charges that might be a financial burden to you or your family. To avoid such inconveniences, the DHFL Pramerica Traditional Critical Illness Rider is a must.
Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.
