Critical Illness policy offers you and your family an addition financial support for the time of diagnosis of an ailment of this nature. The plan provides a lump sum amount that can be used for paying off for the costs incurred during treatment and care, recuperation aids and debts. The policy provides funds for a change in the lifestyle and in case of any lost income due to decreasing ability of insured person to earn.

Under the “benefit policy”, in case the insured person suffers from any one of the critical illnesses as mentioned in the policy, shall be paid a lump sum amount for care and treatment by the insurance company.

Under this policy, the following illnesses are covered:-
o Heart attack
o Multiple Sclerosis
o Stroke
o Cancer
o Major Organ Transplantation
o Kidney Failure
o Coronary Artery Bypass Surgery
o Paralysis
o And illness mentioned in the Policy.

There are a number of plans available under this policy. One can choose from Sum Insured ranging from Rs. 2,00,000 to Rs, 10,00,000.

Individuals under the age group of 5 years to 45 years are eligible for purchasing the policy. The plan also covers children between the age of 5 years to 18 years, only when both the parents are also insured under the policy.

No pre policy check is required for people under the age of 45 years subject to no health adversity. If the Insured is above 45 years then medical tests are mandatory.

All you need to do is submit a duly signed proposal form with relevant details. Choose the Sum Insured as per your budget and make payment via cheque or credit card details in the form.

Yes, you can avail tax exemption up to an amount of Rs. 15,000 under “Section 80D under Income Tax Act”. If you are a senior citizen, you can avail tax benefit up to an amount of Rs. 20,000 under “Section 80D of Income Tax Act”.

No, you are only allowed to make one claim during the life of the policy.This policy offers lump-sum disbursement of the Sum Insured amount to the insured person on first diagnosis of the listed critical illnesses after a survival period as mentioned in the policy which is generally 30 days in one single transaction

Please immediately intimate Insurance Company. On intimation Insurance Company would register and assign you a unique claim number which would be used for all further communications.
The insured person needs to submit the following documents for processing claim settlement within 45 days from the intimation date.
o Complete claim form
o Original discharge summary from the Hospital.
o Relevant treatment papers or consultation notes
o Relevant medical reports along with supporting invoices and requisition from doctor advising the same
o Original hospitalization bills along with final detailed bill summary
o Pharmacy bills attached with prescriptions
o Other relevant documents that may be required by Insurance Company.

Yes, you can buy an insurance policy online. You can compare different policies available and choose the right one for you and your family.