Is it wise to take a critical illness insurance cover as a rider to the base health insurance or it should be taken as a standalone cover?
- Abhijit
The choice between a critical illness standalone policy or a critical illness rider depends on your needs and family medical history. If you have a family history of any critical illness, make sure that illness is covered in the policy you purchase. If you are getting the desired sum assured and desired policy term, you may go with the rider. Otherwise, go for a standalone policy. A standalone policy offers wider options to choose coverage and term, but a rider will be available a little cheap. There is no major difference in policy terms and conditions.
This article was originally published on January 05, 2016.
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