When is the payment made under a critical illness rider attached with a life insurance policy?
The payment is normally made 30 days after the critical illness is diagnosed
When is the payment made under a critical illness rider attached with a life insurance policy?
Durgadutt Narayan, Lucknow
The payment under a critical illness rider attached with a life insurance policy is normally made 30 days after the critical illness is diagnosed. The condition is that the insured must survive the period of 30 days after the diagnosis. Therefore, the payment is made immediately on completion of 30 days.