Critical illness Insurance
When a major illness strikes, it not only means large costs for medical care but it also puts immense pressure on the family to manage their living expenses while the patient recoups. In such a situation Critical Illness insurance can come to the aid by providing lump sum compensation.
For whom
This policy is generally available to any adult residing in India can take the policy covering himself / herself and dependent family members.
What is covered and what is not?
Critical Illness insurance covers the insured person in the event he is diagnosed with defined critical illnesses covered under the policy. The major illnesses covered are, Cancer, Coronary Artery bypass surgery, Stroke, Kidney Failure etc to name a few. Upon diagnosis, subject to the terms and conditions lump sum compensation equivalent to the sum insured is paid. Common exclusions are: contracting any of the named critical illnesses following pregnancy or childbirth, intentional self-injury, treatment following the use of drugs or liquor.