I want to take insurance cover for critical illness. Can I get one and how much would be the premium?
—Ronit Chawla
Life insurance companies offer critical illness as an individual plan or as a rider which can be purchased at a nominal cost. The premium for such policies will depend on the number of illnesses covered, the policy term, the benefit amount and the age of the insured at the time of purchase of the policy. Citing an example: For an individual aged 35 years with a sum insured of `2 lakh, the annual premium is between `300- 500.
