HDFC Life Critical Care Plan
HDFC Life Critical Care Plan
HDFC Critical Care Plan is a Critical Illness Benefit Plan. It is a Traditional Plan without Bonus facility.
Key Features
On diagnosis of any Critical Illness mentioned, a lumpsum amount is paid for recovery
- 100% of the Sum Assured is paid on diagnosis of Group A Critical Illness and the policy terminates
- 50% of the Sum Assured is paid on diagnosis of Group B Critical Illness and the policy continues for the reduced Sum Assured
Benefits
There is no Death Benefit under this plan.
There is no Maturity Benefit under this plan.
Life Insurance premiums paid up to Rs. 15,000 are allowed as a deduction from the taxable income each year under section 80D which is extended upto Rs 20,000 p.a. for Senior Citizen.
There are no additional riders in this plan.
How it works
In this plan, premium needs to be paid throughout the entire period of coverage in monthly, half-yearly or annual modes . The policy can be taken for 5-20 years. There is no Death, Surrender or Maturity Benefit in this plan.
Sample illustration of premium amount in HDFC Critical Care Plan
The below illustration is for a Healthy Male opting for a Sum Assured of Rs 5,00,000 for a tenure of 20 years.
Eligibility
Minimum
|
Maximum
|
|
Sum Assured (in Rs.)
|
2,00,000
|
20,00,000
|
Policy Term (in years)
|
5
|
20
|
Entry Age of Life Insured (in years)
|
18
|
55
|
Age at Maturity (in years)
|
-
|
65
|
Premium (in Rs.)
|
1500
|
No Limit
|
Payment modes
|
Monthly, Quarterly or Annually
|
FAQs
If the policy holder stops paying the premium, the policy lapses and all benefits cease.
There are no surrender benefits under this plan.
Loan facility is not available in this plan.