In spite of medical advancements and increased health awareness, we are constantly under the risk of accruing sudden illnesses. Sadly, the adversity that follows a major health impairment is manifold. Especially, critical illnesses such as cancer not only devastate the emotional strength of a person, but also take a heavy toll on the financial stability of the family. That is why a critical illness insurance that provides adequate financial support is essential for the wellness of every family. Edelweiss Tokio Life – CritiCare+ is one such plan which offers great benefits.

Basic Features of Edelweiss Tokio Life – CritiCare+

Qualifying Age

Adults between 18 and 65 years are eligible to enter the policy cover. The maximum maturity age is 70 years.

Policy Term and Sum Assured

The policy term can be between 5 and 30 years. A total sum of Rs. 5 Lakhs to Rs. 1 Crore can be assured.


Premium can be paid annually which starts from Rs. 2000. When compared to other term life insurance plans in the market, Edelweiss Tokio Life – CritiCare+ offers a nominal rate. Additionally, discounts can be availed for large sum assured as mentioned in the table below:

Edelweiss Tokio Life-Criticare+ Discount Rates


Waiting and Survival Periods

From the date of issue/renewal of the policy, 90 days must have lapsed in order to make the first claim. Also, the life insured must survive for 28 days from the date of confirmed diagnosis of the critical illness.

Benefits of the Plan

Lump Sum Cover

On diagnosis of critical illness, the plan holder shall receive a lump sum insurance cover that need not be necessarily utilized for medical expenses. It can be used for lifestyle expenses such as EMIs, education etc., as well. As a matter of fact, the maximum coverage of this plan is higher than that of most other health insurance policies in the market.

Illnesses Covered

17 critical illnesses are covered under this plan which are categorized into four groups as shown below:

Edelweiss Tokio Life-Criticare+


Claim Options

  • One can choose either the single-claim option under which a one-time claim of the sum assured can be made, or
  • The multiclaim option under which claims up to three times can be made. The best aspect of the multiclaim option is that the sum assured is payable during each claim.

Note: A minimum time gap of 365 days between two subsequent claims is mandatory.

Future Premium Waiver

With the multiclaim option, post first claim, payment of future premiums is waived. In other words, the policy holder can avail the benefits for the remaining term of the policy without having to pay anything further.

Tax Benefit

Tax benefits for the premium and claim amount are available under Section 80D and Section 10 (10D) of Income Tax Act, 1961.

Edelweiss Tokio Life-Criticare+ Benefits

Edelweiss Tokio Life – CritiCare+ is certainly a great endowment policy for every family.

Note: Please understand thoroughly, the critical illness definitions, exclusions and other T&Cs before making an investment.

Photo Courtesy: Edelweiss Tokio Life


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