Review of Critical Illness Policy

Most Of Us have a Health Plan / Mediclaim Policy so that our Finances are not effected in case of hospitalization.

Do we have a Critical Illness Plan in Place so that our Finances Are Not Affected in case a Critical Illness Strikes ????

One Needs To Understand What is a Critical Illness Policy ?

Critical Illness Policy is a policy which gives you & your family Financial Support in case a Critical Ailment Strikes. Gives you Financial Support over & above your existing Mediclaim Policy.

Under the Critical Illness Policy Diagonsis is Important & Survival post Diagonsis is important.

Under Critical Illness Plan Hospitalization isnt Mandatory.

Let Us Now Understand Which Critical Illness Are Covered under this policy.

Most of these policies cover the following 10 illnessess.

1. First Heart Attack ( Myocardial Infarction )
2. Open Chest CABG ( Coronary Artery Disease requiring surgery ).
3. Stroke resulting in permanent symptoms.
4. Cancer of specified severity.
5. Kidney Failure requiring regular Dialysis.
6. Major Organ Transplantation.
7. Multiple Sclerioris with Presiting Symptoms.
8. Surgery of the Aorta.
9. Primary Pulmonary Arterial Hypertension.
10. Permanent Paralysis Of The Limbs.

ADVANTAGES:-

1. The benefit amount is payable once the disease is diagnosed meeting specific criteria and the insured survives 30 days after the diagnosis.
2. The insured member can utilize this amount for treatment of the disease, lifestyle changes, donor expenses.
3. No T. P. A Involved,Hassle free In House claim process.
4. Premiums Paid are exempted under 80 D of the income tax act.

Sum Insured Options

Sum Insured options of Rs100000/- to Rs 5000000/- for age

group 6 years to 60 years

Sum Insured options of Rs100000/- to Rs 500000/- for age

group 61 years to 65 years

One has to under go Pre Policy Health Checkup at the designated centre's given by the respective company which would be advised based on theage, Sum insured opted and the adverse health declaration onthe proposal form (if any).

there could be loading's applicable on the premium depending from case to case.

Exclusions :- Any Pre Existing Disease will not be covered . Kindly refer policy conditions for detailed description on exclusions & coverage.

In my opinion a critical illness plan is a must have so as to financially protect one self against unfortunate event.

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