Max Bupa Health Assurance Critical Illness

Objective

A standalone policy that provides financial respite in case policyholder is diagnosed with life threatening illness.

Suited for

Any one who fulfills the eligibility criteria may take this policy but a critical illness cover is important for a person with family history of any such disease.

What does it do?

This policy covers against 20 critical illnesses. It pays the sum insured on confirmed diagnosis of any listed critical illness. Each covered critical illness has specific exclusions. Once a claim under this cover has been admitted, the policy shall not be renewed for that person.

Pros

This policy can be bought online. It covers 20 illnesses.
It allows lifelong renewal. It offers a discount on selecting 2-year policy term.
Premium paid towards this policy qualifies for tax relief under Section 80D of Income Tax Act.

Our View

Critical illness policy is useful as it helps sail through financial turmoil if a family member contracts any life threatening disease. Anyone with a history of critical illness in the family must buy an adequate critical illness cover as the protection offered by a basic health policy may not be sufficient to cover higher expenses.