Critical Illness Insurance is a policy that pays out a lump sum amount upto the
Sum Insured upon diagnosis of a critical illness covered under the policy.
Critical Illness Insurance provides you and your family, the additional financial
security on diagnosis of a critical illness. The policy provides a lump sum amount
which could be used for:
- Costs of the care and treatment
- Recuperation aids
- Debts pay off
- Any lost income due to a decreasing ability to earn
- Fund for a change in lifestyle.
Under a benefit policy on happening of an insured event, the insurance company pays
the policyholder a lump sum amount.
The company will pay the Sum Insured as lump sum on first diagnosis of any one of
the following Critical Illness, provided that the Insured Person survives a period
of 30 days from the date of the first diagnosis.
The following Critical Illnesses are covered under our plan:-
1. Heart Attack (Myocardial Infarction)
2. Coronary Artery Bypass Surgery
5. Kidney Failure
6. Major Organ Transplantation
7. Multiple Sclerosis
You can choose from Sum Insured ranging from Rs. 250,000, Rs. 500,000, Rs. 750,000
and Rs. 10, 00,000.
Critical Illness policy covers individuals in the age group of 5 years to 45 years.
Children between 5 years to 18 years would be covered only when both the parents
are also insured under the policy.
No pre policy medical check up is required for individuals upto 45 years.
The best part of this policy is that you do not require to submit any documentation.
All you need to do is submit a duly signed and complete proposal form with relevant
details. Choose the Sum Insured and pay vide a cheque or fill the credit card details
in the form.
Yes, you can avail upto Rs.15,000 as tax benefit under ‘Section 80D’.
In case of senior citizens, you can avail upto Rs.20,000 as tax benefit under 'Section
Any condition, ailment or injury or related condition(s) for which insured person
had signs or symptoms and/or was diagnosed and/or received medical advice/treatment
within 48 months prior to your first policy with the company.
Disease means a pathological condition of a part, organ, or system resulting from
various causes, such as infection, pathological process, or environmental stress,
and characterized by an identifiable group of signs or symptoms.
No, you can make only one claim during the lifetime of the policy.
In case of a claim under the Policy, you should immediately intimate us on our helpline
numbers. On receipt of the intimation, we would register the claim and assign a
unique claim reference number which would be communicated to the Insured which may
be used for all future correspondence.
The Insured shall arrange for submission of the following documents required for
processing of claim within 45 days from the date of Intimation.
1. Duly Completed Claim Form
2. Original Discharge Summary.
3. Consultation Note/ Relevant treatment papers.
4. All relevant medical reports along with supporting invoices and doctors requisition
advising the same.
5. Original and Final hospitalization bills with detailed breakup.
6. Pharmacy Bills along with prescriptions.
7. Any other documents as may be required by the Company.
On receipt of claim documents claim will be processed in accordance with the terms
and conditions of the Policy.