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Insurance Article

Know more about critical illness insurance in India

March 11 2013

The cost of treatment of diseases varies and can be extremely exorbitant in case of a critical illness. Such treatment costs can deplete your savings and may at times also come in the way of availing quality treatment. As a solution to these problems, it becomes imperative to purchase a specialised critical illness insurance India which is structured to meet the needs of several severe or critical ailments and their subsequent treatment costs.

The Health insurance by ICICI Lombard may offers a lump-sum benefit on diagnosis of a critical illness or injury. The comprehensive policy offers coverage of any 9 major medical ailments and procedures. The benefit for such illnesses and medical procedures is paid immediately on first diagnosis so that there is no delay in the treatment of the ailing insured.

This public health policy is extremely hassle-free to purchase as the prospective buyer is required to submit only a health declaration without undergoing any health check up. Moreover, the policy also cuts out elaborate paperwork as only a proposal form and a medical declaration form are required for policy issuance. As the policy is available online, the purchase procedure is reduced to a few clicks. You are then required to only fill out a few essential details after which the online calculator generates the exact premium amount for the cover selected. Payment for this policy on critical illness insurance in India may be made instantly through Net Banking or by using Credit or Debit Card. You can also opt for the EMI facility and pay the premium amount in easy installments.

This comprehensive policy offers the insured a choice of coverage on both the sum insured and the tenure of the policy. Therefore, the insured may choose from a cover up to Rs. 12 Lakh sum insured for maximum policy duration of 5 years depending upon the type and nature of his ailment.

In case of death of the insured due to an accident within the policy period, the nominee (mentioned in the policy) is compensated for the Sum Insured thanks to the coverage for accidental death feature. Apart from this feature, this policy also offers the coverage for accidental permanent total disablement (PTD) which insures against the permanent and total loss of limbs and sight due to an accident. The compensation is in this case is made in accordance with the sum insured selected and is given as a lump-sum benefit after the claim is considered admissible. This feature is extremely beneficial to the insured and his family especially if it prevents the former to remain gainfully employed on account of his disability.

With these features and benefits in mind, it becomes extremely crucial to select a correct health insurance plan when afflicted with a critical illness or injury.

Disclaimer-The article contains only an indication of the cover offered. For complete details on coverage, terms, conditions and exclusions, please read the sales brochure carefully before concluding a sale. ICICI Lombard General Insurance Company Limited. Insurance is the subject matter of solicitation.

IRDA Reg. No. 115

Toll Free No: 1800 2666

Job Code: EC012414MI

Product Code: Misc. 65

Secure Mind policy: Misc 26


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