Contact us

To Buy: 1800-258-5899 (9:30 AM to 6:30 PM)


For Existing Policy: 1800-103-0003/ 1800-180-0003/ 1800-891-0003



Locate Branch



Search Button

5 Common Health Issues That Can Be Covered Under Term Insurance

Health Issues Covered by Term Insurance

If there is anything that the current pandemic outbreak has put in sharp focus is that as individuals, we must take all measures to be prepared for medical emergencies. This involves taking active financial steps as well. By investing in a life insurance plan, particularly a term plan, you can assure financial coverage for your loved ones even in your absence.

By making the right customisations to your term insurance plan, you can even avail coverage for a variety of common health issues. As our lifestyles change and health concerns become a prime priority, such coverage can prove to be a huge benefit for individuals and families across the country. To that end, let us discuss in detail how and for which common health issues you can avail term insurance:

What is Term Insurance?

Before availing a term insurance plan for your health issues, it might be worth revisiting the purpose that term plans typically serve. In their simplest forms, term plans are a type of life insurance plan that offer coverage to the policyholder for a fixed period of time. In the event of the untimely death of the insured during this period, his or her beneficiaries receive a death benefit.

Term Insurance with Critical Illness Rider

While term insurance plans serve the prime purpose of providing financial coverage to your beneficiaries in the event of your demise, this coverage can also be enhanced by the addition of riders. Riders are attachments or amendments that can be made to your life insurance plan in order to extend your coverage under specific circumstances. One of these riders is the Critical Illness Benefit Rider. When incorporated into the term insurance plan, it extends coverage for the insured in the event he or she is diagnosed with a critical illness.

Term Insurance Coverage in India

Depending on the insurer, the list of critical illnesses for which you can enhance your term insurance coverage can vary. However, there are few common health issues that are essentially covered by most term insurance plans, provided you opt for a Critical illness riders .

Common Health Issues Covered by Term Insurance

Here are five of the most common health issues and illnesses for which your term insurance coverage can be extended with a Critical Illness rider:

  • Diabetes: One of the most common lifestyle diseases in today’s time, diabetes has become prevalent due to our changing diets and reduced physical exercise. A critical illness rider with your term insurance plan can help cover costs to combat diabetes such as medicines and doctor visits.
  • Heart Conditions: Due to our stressful lifestyles, an increasing number of people are developing a variety of heart conditions. These include high blood pressure, coronary artery disease which in severe cases can even result in heart attacks. If you opt for a Critical Illness cover, your term insurance can help cover for the costs of medication, surgeries and even cardiac rehabilitation.
  • Kidney-Related Diseases: One of the more common health issues, particularly in the elderly population, are kidney related diseases. Term insurance plans with Critical Illness riders can help provide financial assistance for treatments of such kidney related diseases including renal failure.
  • Lung diseases: It is widely acknowledged that habits such as smoking can have an adverse impact on your respiratory system, particularly the lungs. However, due to pollution, even non-smokers can develop illnesses such as asthma and Chronic Obstructive Pulmonary Disease. With a Critical Illness Rider, your term insurance can help you cover for the expenses of developing such lung diseases.
  • Cancer: Your term insurance, along with a medical rider like Critical Illness Benefit, can also help cover the costs of treatment for a grave illness like cancer. Up to a certain stage, this coverage can help cover costs for medications, surgeries, tests and various forms of treatment.


A life insurance plan, in its most basic form, can insure your life and secure the financial future of your loved ones. But term insurance, along with the benefit of riders such as Critical Illness, can go above and beyond that security. Not only does it make for a more economical policy than traditional life insurance plans, but also ensures that you will be covered in case you develop any of the common health issues listed above.

If you are seeking the ideal term insurance that offers the right riders and benefits, consider investing in the iSelect Smart360 Term Plan by Canara HSBC. The term insurance plan covers death and critical illness and pays out benefits in case of death or on diagnosis of Terminal Illness, whichever happens earlier. In addition, it offers various additional benefits such as Accidental Death Rider and Child Support Benefit Rider. It also offers several useful features such as return of premium and tax benefits on premiums paid.

Speak to an insurance specialist now!

Online Plans Pay Premium Get a Call Contact Us