LIC’s New Critical Illness Benefit Rider

LIC’s New Critical Illness Benefit Rider - (UIN: 512A212V01)

LIC’s New Critical Illness Benefit Rider is a non-linked rider which will reduce the financial burden in case the Life Assured is diagnosed as suffering from any of the pre-specified critical illnesses. This rider shall only be attached with non-linked plans at the inception of the base policy and will provide an add-on benefit to the base plan.

  1. BENEFIT:

On first diagnosis of any one of the 15 Critical Illnesses as mentioned below, provided the same is admissible, the Critical Illness Sum Assured shall be payable. The Critical Illness Rider shall be payable only once during the term of the policy while the Policy is inforce. The Rider ceases to apply once the Critical Illness Sum Assured becomes payable.