an endowment based health policy from a life insurer with a CI rider as it will give them a comprehensive insurance cover. This is to say that the sum assured can be claimed by the insured in case he survives through the term, or by his family in case he does not. In addition, with a CI rider to the policy, the medical expenses will also be covered in case a critical illness is contracted during the term, over and above the sum assured. In addition to providing a cover for medical expenses, health insurance products also attract tax benefits.
—Author is CEO & MD, Aviva Life Insurance