Critical Illness
Life can throw unexpected challenges our way, and facing a critical illness is one of the toughest battles. At Momentum Finserv, we understand that these moments can be emotionally and financially challenging. That’s why we’ve crafted the Critical Illness Plan – an insurance policy that not only offers financial protection but also peace of mind when you need it the most.
Key Advantage - Critical Illness
Financial Support
The Critical Illness Rider provides a lump sum payout upon diagnosis of a covered critical illness, offering financial support during a challenging period.
Comprehensive Coverage
It covers a range of critical illnesses, including cancer, heart attack, stroke, and more, ensuring you're protected against various health issues.
Premium Waiver Option
Some policies offer a premium waiver feature if a critical illness is diagnosed, allowing you to focus on recovery.
How Critical Illness Works?
- Rider Inclusion: Add the Critical Illness Rider to your existing life insurance policy.
- Diagnosis Criteria: In case you're diagnosed with a covered critical illness during the rider term, you'll receive the lump sum benefit.
- Benefit Usage: You can use the benefit amount as needed, whether for medical expenses, lifestyle adjustments, or other financial needs.
Eligibility Criteria - Critical Illness
- Age: The eligibility criteria for the Critical Illness Rider may vary depending on the policy it's attached to, so refer to your policy documents for specific details.
- Base Policy: You need to have an existing life insurance policy with Momentum Finserv to add this rider.
- Medical Assessment: Depending on your age and health, a medical assessment may be required.
Benefits - Critical Illness
Critical Illness coverage ensures financial support during challenging health crises, allowing you to focus on recovery without worrying about the financial aspects of treatment and care:
- Comprehensive Coverage: Our plan casts a wide net of protection, covering a range of critical illnesses. This means comprehensive security not just for you but for your family as well.
- Lump-Sum Payout: In the event of diagnosis, you'll receive a lump-sum payout. This financial flexibility empowers you to focus on recovery without worrying about the financial burden.
- Tax Benefits: We understand that during critical times, every bit of financial relief matters. Our Critical Illness Plan offers tax benefits, lightening your financial load when you need it the most.
