Kotak Critical Illness Plus Benefit Rider

Kotak Critical Illness Plus Benefit Rider

Illnesses always come unexpectedly and adversely affect our life and financial situation. With the fast-paced life and change in lifestyle, the chances of anyone
getting affected due to severe illness has increased drastically. Recovering from a severe illness or a surgery can be both expensive and time consuming. While we focus on the rising medical costs and treatment, we often overlook the indirect expenses such as paying household bills or loan instalments for your home and vehicle, rehabilitation expenses and alternative therapies. Kotak Critical Illness Plus Benefit Rider enables you to get the best treatment available and takes care of the indirect expenses while you recover from a critical illness or surgery. The plan provides a lump sum amount in case you are diagnosed with any of the specified critical illness or have undergone any of the surgeries listed below . By opting for Kotak Critical Illness Plus Benefit Rider along with the Base Plan, you can enhance the existing protection available under Base Plan at affordable rates.

Key Features:
*Avail Protection against 37 Critical Illness
*Lump sum Pay-out in case diagnosed with any Critical Illness
*Flexibility to pay premiums as per your convenience
*Option to select Rider at inception or on policy anniversary

Benefit Structure

In the event of the Life Insured being diagnosed with any one of the specified Critical Illnesses subject to terms and conditions, lump sum amount shall be payable to you, provided the Life Insured survives for a period of 30 days following diagnosis of the said Critical Illness. The lump sum amount shall be defined as: 100% of Rider Sum Assured shall be payable subject to a maximum of 5,00,000 in case the Life Insured undergoes Angioplasty. The Rider Benefit shall terminate in case the Rider Sum Assured is less than or equal to 5,00,000. The Rider Benefit shall continue for the balance Rider Sum Assured for the remaining Critical Illnesses in case the Rider Sum Assured is more than 5,00,000 100% of Rider Sum Assured shall be payable in case diagnosed with any 1 of 36 Critical Illnesses other than Angioplasty This Rider shall terminate once 100% of the Rider Sum Assured has been paid or on the completion of the Rider Benefit Term, whichever is earlier. The benefit payout shall be over and above the Base Plan Benefit. In the event where the Rider Benefit has been paid out, the Rider Benefit shall cease and the Base Policy shall continue.



Eligibility Criteria
This Rider can be taken on single life basis at inception of the Base Policy or on any subsequent policy anniversary of the Base Policy subject to limits specified below:

Total CI Rider Premiums shall in no case exceed 100% of the premium (including extra premium, if any) payable under the Base Policy under Protection Plans. Total of all Rider Premiums including Kotak Critical Illness Plus Benefit Rider premium taken together should not exceed 30% of the Base Premium under any other plan other than Protection Plan. This Rider shall not be offered where the outstanding Premium Paying Term under the Base Policy is less than 5 years.