Critical Illness Policy in India

What is a Critical Illness Policy?

The policy provides a lump sum payment of amount equal to the Sum Insured in an event of any critical illness diagnosed, surgical procedures undergone or medical events occurred during the policy period or in an event of death or permanent total disablement, within 12 months of the occurrence of the Injury.

Religare Assure Critical Illness Plan Options

Sum Insured 5 Lac, 10 Lac, 15 Lac, 20 Lac, 30 Lac, 50 Lac, 75 Lac, 1 Crore
No. of Critical Illness covered
20
Critical Illness, Medical Events and Surgical Procedures 100 % of Sum Insured
Survival Period
Zero Days
Personal Accident (Accidental Death & Permanent Total Disablement)
100 % of Sum Insured
Child Education Cover
10% of Sum Insured
Health Check-up
Yes
Second Opinion
Yes
At what age one can opt for a Critical Illness Policy?
Minimum entry age : 18 Years
Maximum entry age : 65 Years
Maximum renewal age : Lifelong
Age of proposer : 18 Years or above
What is a Child Education benefit in critical illness?
We will pay you as a lump sum 10% of Benefit 1 or Benefit 2 Sum Insured towards the education of your child (of age 24 years or less) if you suffer from any Claim is payable under Benefit 1 or Benefit 2.

How does a Critical Illness Policy differ from the other policies?

The policy provides a lump sum payment of amount equal to the Sum Insured in an event mentioned in policy, whereas existing care product only provides the payment equal to the Sum Insured or treatment cost, whichever is lower.

What is not covered ?

  • Any pre-existing illness.
  • Any diagnosis of diseases / undergoing of surgery / occurrence of event, whose signs or symptoms first occur within 90 days of Policy Period Start date.
  • Expenses attributable to self-inflicted injury (resulting from suicide, attempted suicide)
  • Expenses arising out of or attributable to alcohol or drug use/misuse/abuse
  • Medical expenses incurred for treatment of AIDS
  • Treatment arising from or traceable to pregnancy and childbirth, miscarriage, abortion and its consequences
  • Congenital disease
  • Cosmetic & aesthetic and obesity related treatment
  • Tests and treatment relating to infertility and in vitro fertilization.
  • War, riot, strike, nuclear weapons induced hospitalization.
What is the provision for rebate on premium under section 80D IT Act?
You can avail of a tax benefit on the premiums you pay towards your health insurance, under Section 80D of the Income Tax Act, 1961. (Tax benefits are subject to changes in the tax laws, please consult your tax advisor for more details)

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