India''s largest private life insurer, ICICI Prudential Life Insurance, has
launched its newest health insurance product, Crisis Cover, to provide comprehensive
cover against disease, disability and death to policyholders.
product is unique because it offers the widest coverage against 35 critical illnesses,
total and permanent disability, and death over the long-term, making it the most
comprehensive critical illness plan available in India today.
progress has the unfortunate side effect of increased stress, poor diet and lack
of exercise, which has led to an increase in the incidence of illnesses, particularly
lifestyle diseases," said Shikha Sharma, managing director and CEO, ICICI
Prudential Life Insurance.
many, financial constraints keep them from accessing appropriate healthcare, and
we believe that Crisis Cover, with its long-term, benefit-based approach and cover
against a comprehensive list of illnesses is ideally positioned to bridge this
gap," Sharma added.
35 conditions covered by Crisis Cover include angioplasty, brain surgery, coronary
artery bypass surgery, kidney failure, heart attack, major organ transplant, stroke,
etc. With such a comprehensive list of illnesses, the plan would provide cover
against disease related to most body organs and even loss of senses such hearing,
eyesight and loss of limbs. The applicable sum assured is paid in the event of
being diagnosed with a critical illness or on being rendered totally disabled
or on death, whichever occurs first.
of Crisis Cover:
Benefit amount paid on diagnosis of any of the 35 critical illnesses, disability
lump sum benefit amount irrespective of actual billing and in addition to other
benefit received under another medical insurance plan.
coverage upto 75 years of age
continues even after claiming benefit on select critical illness
benefits u/s 80C and 80D
conditions are divided into two groups, which determine the payout advantage for
1 includes conditions such as cancer, brain surgery, blindness, heart attack,
etc. Here, the full sum assured is paid on diagnosis, after which the policy closes.
Group 2 offers
the coverage continuation advantage. This group includes conditions like angioplasty,
Alzheimer''s disease, deafness and multiple sclerosis, etc. On diagnosis of these
conditions, a sum assured up to a certain amount is paid and the policy continues
for the balance sum assured for the remaining critical illnesses, disability and
death. The premium will be proportionately reduced for the balance sum assured.
too is available for terms ranging from 10 to 50 years. The policy can be taken
by any healthy individual between 18-60 years and the term can be chosen up to
75 years of age. The sum assured under the plan can be between Rs3 and Rs20 lakh.
other health insurance products include Health Assure, Health Assure Plus,
Cancer Care, Cancer Care Plus, Diabetes Care, Diabetes Care Plus and Hospital