Objective

A standalone critical illness policy that aims to provide financial support in case of contracting any of the listed illnesses.

Suited for

This can be bought by individuals with a family history of any of the listed critical illnesses. Others can also buy this policy for additional coverage.

What does it do?

If the insured contracts any of the critical illnesses, the insurance company will pay a lump sum as agreed upon in the policy document. It covers six critical diseases. In order to make a claim it is necessary that policyholder survives for at least 30 days after confirmed diagnosis of the illness.

Pros

Premium paid towards the policy is eligible for taxation benefits under section 80D of Income Tax Act.

Cons

It covers only six critical illnesses.

Our View

While buying a critical illness policy, one must go for a policy covering maximum number of illnesses with least number of exclusions. This policy offers a narrow coverage by including only six illnesses. Those considering to buy this policy must look at the kind of coverage other insurers are offering.

Eligibility

Entry Age (years)

Minimum

20

Maximum

65

Coverage Type

Individual

Policy Term (years)

1

Sum Insured (Rs)

Maximum

25 lakh

Minimum

5 lakh

Customer Service

Address

Head Office: National Insurance Company Limited
3 Middleton Street
Kolkata
West Bengal
Pincode : 700071

Mail to

website.administrator@nic.co.in

Call to

1800 419 4033

Scope Of Cover

Critical Illnesses

Coronary Artery Surgery

covered upto 20% of sum insured

Cancer

covered

Renal Failure (failure of both kidneys)

covered

Stroke

covered

Multiple Sclerosis

covered

Major organ transplants like lung, kidney, pancreas or bone marrow

covered

Exclusions and Waiting Period

Pre-existing illnesses

not covered

Survival period

30 days after confirm diagnosis of critical illness for making a claim

Waiting period

any illness during first 90 days from inception of the policy will not be covered