A terminal illness diagnosis can be overwhelming, but it doesn’t mean you have to give up hope. When a doctor tells you that you may have only six months left, your focus will likely be on fighting hard, seeking the best treatments—maybe even traveling abroad—and spending meaningful time with your loved ones. But all these can be very expensive.
That’s where the Terminal Illness Benefit helps. If you add this to your life insurance policy, the insurer will pay you the entire sum insured—like ₹1 crore or ₹5 crore—as a lump sum the moment you’re diagnosed with a terminal illness. This money can be a vital support to cover costly treatments, fulfill your wishes, or ease your family’s financial burden.
The best part? Even if you live beyond the initial prognosis, you don’t have to pay back this amount. It’s yours to keep and use as you wish.
Keep in mind, though, that getting a doctor’s certification and insurer approval for terminal illness claims isn’t always straightforward. This means you should carefully check your policy details and consider how likely these conditions are before opting for this rider.
For many, the Terminal Illness Benefit offers a financial cushion and peace of mind during one of life’s toughest battles.