Prices Increasing Soon
In the world we live in today, anything is possible. There is life one minute, and there may not be the other. With these health issues, the financial burden and stress are ever-rising, with many families deteriorating their standard of living. One such scenario is terminal illnesses.
#All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply
By clicking on "View plans" you agree to our Privacy Policy and Terms of use
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
Let’s learn about terminal illness and how to be financially protected against it.
Terminal illness, also referred to as end-stage or life-limiting disease, is a disease that cannot be cured or adequately treated and is expected to result in the death of the patient. Diseases like cancer, dementia and advanced heart disease are included in this type. This page will answer questions you might have regarding terminal illness.
Term Plans
There is no such list of critical illnesses which are terminal. Individuals who are terminally ill may suffer from a single illness or multiple conditions.
Some examples of illnesses that can be terminal include:
Advanced cancer
Dementia (including Alzheimer’s)
Motor Neuron Disease (MND)
Lung disease
Neurological diseases, like Parkinson’s
Advanced heart disease
It is important to note that these critical illnesses are not always terminal. If you have questions about your condition, it is best to consult your healthcare professional.
Your doctor or consultant, who is managing your treatment, should explain whether your illness is terminal. This diagnosis is typically given after tests and, in some cases, treatment.
Healthcare professionals might use different terms or definitions, which can be confusing. If you are uncertain or concerned that your illness is terminal, it’s best to discuss this with your healthcare professional.
A person with a terminal illness may live for days, weeks, months, or even years, depending on their diagnosis and any treatments they receive. Healthcare professionals often find it challenging to accurately predict the exact duration of life for someone with a terminal illness (their prognosis).
Receiving a terminal diagnosis can be shocking or upsetting, as the term 'terminal' can be interpreted as an indication of imminent death. This might be a concern for you as well. It's important to remember that each person's experience with a terminal illness is unique. Sometimes, a person's condition may gradually worsen as the illness progresses. Others may experience fluctuations, feeling better or worse at different times during their illness – the progression is not always linear.
Both Critical illness and Terminal illness are devastating to one’s life, however both are different. The following are the differences between the two:
| Parameter | Critical Illness | Terminal Illness |
| Definition | Serious health conditions that can be life threatening | Health conditions that are expected to lead to the patient's death within one year. |
| Prognosis | Life can be saved or prolonged through medical treatment | Death is inevitable |
| Examples | Kidney failure, bypass surgery, organ transplant, multiple sclerosis, and similar conditions are all critical illnesses that fall under this umbrella. | Advanced cancer, Alzheimer’s disease, HIV/AIDS, Parkinson’s disease. |
Secure Your Family Future Today
₹1 CRORE
Term Plan Starting @
Get an online discount of upto 10%#
Compare 40+ plans from 15 Insurers
As mentioned earlier, life is very uncertain. One can never know who might be diagnosed with terminal illness . If one does get diagnosed with terminal illness, it becomes a huge financial burden for the family. The burden is exemplified after the death of the patient, if the family is left with no source of income. This leads to a significant decrease in their standard of living.
That is when term insurance comes to the rescue. Term insurance provides a safety net for your family by offering them a sum assured amount in case of your death. You just have to select a coverage option and pay regular premiums to enjoy the benefits from your policy. Further protection is added by a terminal illness rider . Let us understand what that is:
A terminal illness rider is an additional option available for life insurance policies meant to expand your financial protection. When included, this rider permits the policyholder to receive a portion of the death benefit upon diagnosis of a terminal illness. This sum can be utilized for ongoing care, medical bills, or other financial obligations as needed. This added safeguard offers peace of mind, allowing policyholders and their families to focus on health and maintaining their quality of life.
Therefore a terminal illness rider helps you to receive some of the sum assured amount in advance when you are diagnosed with a terminal illness. This helps you provide liquidity in your time of need.
Terminal illness presents severe challenges that extend beyond health, impacting families emotionally and financially. The availability of term insurance with a terminal illness rider offers critical financial protection by providing early access to funds upon diagnosis, helping to cover medical expenses and maintain quality of life.
†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
Annual Renewable Term Insurance (ATR) is tailored for short-term
Read more
The ICICI Pru iProtect Super Plan is a pure-term insurance plan
Read more
Many people wonder about its tax benefits when purchasing a term
Read more
Studying abroad can be a life-changing experience, offering
Read more
The divide between rural and urban lifestyles in Tamil Nadu is
Read moreInsurance
Calculators
Payment Methods
Secured With
Follow us on
