Difference between Terminal & Critical Illness Insurance


{{healthCtrl.residentPincodeError}}
close {{member}} {{ healthCtrl.getMemberCount(member) }}
{{healthCtrl.familyComposureError}}

You can select more than one member

{{healthCtrl.patentSelectErrorStatus}}

  • -{{familyMember.multipleCount}}+ Max 4 kids
    (You can add multiple)

Terminal Illness vs Critical Illness

Difference between Critical and Terminal illness Insurance

Terminal Illness Insurance

Critical Illness Insurance

Sum Amount Assured

Under terminal illness insurance, you can claim 25 percent of sum amount assured if the insured person needs the money for the treatment of terminal illness.

While, under critical illness insurance, you can avail a lump sum amount and a one-time benefit at the time when you need it most.

Claim Availability

With terminal illness insurance, you can secure your family members as the insurance policyholders give your nominee a huge benefit after your death.

With critical illness insurance, you can claim the benefit even if you are not hospitalized.

Financial Benefits

Terminal illness insurance policy gives a financial benefit to the policyholders only when they have a terminal illness and their life expectancy is assumed to be less than 12 months.

Critical illness insurance policy gives a financial benefit to the policyholders only when they suffer from any critical illness.

Benefits