Mr. Rohit is diagnosed with early stage cancer at the end of 2nd policy year. He received lumpsum payment of Rs.7,50,000 plus his annual premiums are waived off for next 3 policy years. Mr. Rohit continues paying premium again from 6th policy year. At the end of 9th policy year, he got diagnosed with carcinoma in situ , a minor critical illness condition1 where he receives a claim amount of Rs.7,50,000 and his policy will continue for the remaining cover amount2.
At the end of 25th Policy year, his cancer progresses to IVth Stage, a major Critical Illness condition. At this stage, he will receive a total outstanding sum insured of Rs. 15,00,000/- & his policy will get terminate.
1Claims for multiple minor CI conditions on the same organ will not be allowed by the Company
2Only two Minor CI conditions claims will be admitted during the policy term.
Cover Option: Heart, Cancer, Kidney & Liver Cover
Mr. Ravi, age 30 years, has opted for Sum Insured of Rs. 30 Lakh with an annual payable premium of Rs 12,729/- for a premium paying term and policy term of 30 years. During the 4th Policy Year, Mr Ravi got a cardiac arrest & had to undergo angioplasty. He received lumpsum of Rs.7,50,000 and his premium for the next 3 years were waived off. Further he was diagnosed with early-stage cancer in the 16th policy year. He received a lumpsum of Rs. 7,50,000 and continues to pay his premium. At the end of 25th policy year, he had to undergo kidney transplant where he was paid the balance sum Insured of Rs.15,00,000 and the policy terminated.