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21.2%First documentHow does Life Insurance Cover Increasing Health Expenses?Open original ↗
Second document7 Key Benefits Your Life Insurance Policy Should OfferOpen original ↗
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Health Benefits of Life Insurance
Critical Illness Cover: The cost of treating a critical illness can run into lakhs. Treatments for conditions like cancer, kidney failure, or heart disease can quickly drain your savings. A critical illness rider ensures a lump sum payout upon diagnosis, allowing you to focus on treatment without financial stress. This payout can also cover daily expenses while you're not earning. The iSelect Smart360 Term Plan from Canara HSBC Life Insurance includes an optional critical illness rider covering a broad list of illnesses.
7 Must-Have Benefits in Your Life Insurance Policy
Premium Waiver: There are situations in life which may not be as bad as ultimate death, but they are financially devastating. For example, temporary disabilities or long-term disabilities are damaging enough to your earnings. But permanent total disabilities, like loss of both legs or hands or other limbs, can change your life forever. However, in that situation, you would want your life cover to continue and not compromise your family’s financial safety . The premium waiver is a feature that helps you continue the life cover in case of permanent total disability, without paying premiums. The iSelect Smart360 Term Plan by Canara HSBC Life Insurance offers this feature as an add-on benefit.