Edelweiss Tokio Life has announced the launch of its brand new life insurance plan Edelweiss Tokio Life CritiCare+. The plan is meant to be a non-linked, non-participating life insurance policy for those with critical illnesses. The features of this new life insurance plan include facilities like insurance cover for 17 critical illnesses with a high sum assured which can be as high as Rs. 1 crore. The plan will also offer riders that can be taken along with this policy to enhance its cover. Customers will also get tax benefits under section 80C for purchasing this policy. 
At the moment the plan has two variants, the first being a single claim plan, wherein policyholders can claim a one-time sum assured when diagnosed with a critical illness. The second variant of the plan lets policyholders submit up to 3 claims as long as the ailments are unrelated and there is a minimum gap of 1 year between each claim. No extra premiums need to be paid for the multi claim policies.
Speaking at the occasion, the MD & CEO of Edelweiss Tokio Life, Deepak Mittal, said that the company understood the fact that instances of >critical illnesses have gone up in the last few years. He also said that while it is possible to lead a normal life after recovery, people still need help in recovering from the financial burdens, and that is the idea behind the CritiCare+ plan.
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