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) | |
| Minimum | 20 |
| Maximum | 65 |
| Coverage Type | Individual |
| Sum Insured (Rs) | |
| Maximum | 25 lakh |
| Minimum | 5 lakh |
| Policy Term (years) | 1 |
| Customer Service | |
| Address | Head Office: National Insurance Company Limited 3 Middleton Street Kolkata West Bengal Pincode : 700071 |
| Mail to | [email protected] |
| Call to | 1800 419 4033 |
Additions to the Plan
| 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 |
Cost Details not available on the company's website. |
