Can I get life insurance if I am in poor health?

Yes, you can buy life insurance even when you are in poor health. Given the rise of cost of healthcare, especially related to poor health or illness, having an adequate amount of insurance becomes more important. This is where critical illness insurance plays a crucial role. You can buy a critical illness cover with health insurance and life insurance policies.

What is a critical illness cover?

A critical illness cover provides a lump sum benefit that can pay for the cost of care and treatment toward specific illnesses and related expenses. A critical illness covers lapses once the payment is made by the insurer. Generally, the lump sum amount is paid to the insured post survival period of 30 days after contracting the illness. You can buy more than one critical illness cover and each of these policies will pay for the critical illness.

For a life insurance plan, you can buy a critical illness cover as a standalone cover or as a rider. When you buy a standalone critical illness cover, the term policy will provide financial security to your dependants. While the standalone critical illness cover will provide you financial security against around 35+ life threatening health conditions such as cancer, kidney failure, heart problems, organ failure etc.