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National Insurance Critical Illness Policy

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) 
Minimum20
Maximum65
Coverage TypeIndividual
Sum Insured (Rs) 
Maximum25 lakh
Minimum5 lakh
Policy Term (years)1
Customer Service 
AddressHead Office: National Insurance Company Limited
3 Middleton Street
Kolkata
West Bengal
Pincode : 700071
Mail to[email protected]
Call to1800 419 4033
Additions to the Plan
Scope Of Cover
Critical Illnesses
Coronary Artery Surgerycovered upto 20% of sum insured
Cancercovered
Renal Failure (failure of both kidneys)covered
Strokecovered
Multiple Sclerosiscovered
Major organ transplants like lung, kidney, pancreas or bone marrowcovered
Exclusions and Waiting Period
Pre-existing illnessesnot covered
Survival period30 days after confirm diagnosis of critical illness for making a claim
Waiting periodany illness during first 90 days from inception of the policy will not be covered
Cost Details not available on the company's website.