Royal Sundaram Critical Illness Lumpsum Health Insurance
Claim Settlement Ratio | 92% |
Network Hospitals | 10,000+ |
Pre-existing Disease Waiting Period | 3 years |
Special Benefits | Modern Treatments Such as Bariatric Covered |
Starting Premium for Rs. 5 lakhs SI | Rs. 382/month |
Starting Premium of Rs. 5 lakhs SI | Rs. 382/month |
About Royal Sundaram Critical Illness Lumpsum Health Insurance
Investing in the right spot at the right time today can make you reap high returns in the future. When it comes to health, this practice becomes more crucial. This is an era of illnesses, which we are living in. More and more people are falling prey to critical and major illnesses nowadays. We need to accept this fact and need to prepare ourselves with a plan for our health. The Critical Illness Lumpsum Policy by Royal Sundaram is a great help for those whosoever is aiming and planning for a safe and secure future.
It is a unique Critical Illness Insurance Policy designed to ensure that you are cushioned against financial adversity as a result of critical illness at an affordable price. The Critical Illness Lumpsum plan offers the sum insured amount that ranges from Rs. 25,000 to Rs. 25 Lakh. It depends on the age and risk profile of the customer, which is totally at the discretion of the insurer. The age eligibility to get covered under this plan lies between 91 days to 65 years at the commencement date of the plan. The medical insurance plan is provided on an individual basis and holds the option of lifelong renewability as well.
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Key Inclusions and Exclusions of the Plan
What's Included
- Cover offered against 9 critical illnesses
- Coverage is available on an individual basis
- Bear 50% & 100% expense of the medical examination
- Sum insured ranges from Rs. 25,000 to Rs. 25 Lakh
- Tax benefits are offered as per section 80D of the IT Act
What's Not Included
- Any illness other than specified as critical illness
- Surgery related to sex change or aesthetic procedure
- Claim regarding the misuse or abuse of alcohol, drugs, etc.
- Cost of tests, visits, fees, etc. relating to diagnosis
- Any unnecessary medical treatment or procedure
4963 Royal Sundaram Cashless Network Hospitals in India
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Royal Sundaram Critical Illness Lumpsum Expert Review
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Major Attractions
The plan is stuffed with several attention-drawing elements. Some of them directly provide benefits to policyholders and make them stay associated with the insurer for a long period of time. Here are some salient features of the Critical Illness Lumpsum Plan which function as its major highlights:
- Cover is provided on an individual basis
- Coverage offered against 9 critical illnesses
- Age of entry lies between 91 days and 65 years
- Bear 50% & 100% expense of the medical examination
- Sum insured ranges between Rs. 25,000 and Rs. 25 Lakh
- 2% and 2.5% discount for purchasing the plan with 2 and 3 year policy term
- Payment of premium by cheque, demand draft, credit and debit card etc.
- Medical examination is needed for persons of 35+ years as per the plan chosen
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What’s More?
The Critical Illness Lumpsum Plan is a policy to assist you for the treatment of prolonged illnesses and beat the impact of sky-rocketing inflation in the medical sector. The benefits provided under this policy comes as huge support, which makes it an absolute choice for every policy seeker. Here are some added components of this plan:
- A grace period of 30 days is offered
- Free-look period of 15 days is given
- Lifelong renewability option is available
- Plan coverage term is available for 1, 2 and 3 years
- Tax deduction under Section 80D of Income Tax Act, 1961
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Conclusion
This Critical Illness Lumpsum Plan is a marvellous plan that can help anyone to find the best treatment for different critical diseases. Its extensive coverage can easily make you fight against the costly treatment of critical illnesses, which is generally unaffordable for many.
Those willing to purchase this plan should buy it through the online mode rather than offline. It will make your payment purchase simple and terms and conditions more transparent. The InsuranceDekho is one of the best places to make the purchase for Critical Illness Lumpsum Plan as it delivers its assistance for portability, claim settlement, and various other after-sales services.
Claim Process at Royal Sundaram Health Insurance
FAQs on Critical Illness Lumpsum Health Insurance Plan
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Who all can get the coverage under the Critical Illness Lumpsum Plan?
The Critical Illness Lumpsum Plan policy is available on an individual basis but allows family members to get covered under it that includes Self, Spouse, Dependent Children, Dependent Parents and other Dependent members who hold any legal relationship with the Proposer.
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What is the age eligibility offered under this health insurance plan?
The eligible age of entry under this policy ranges from 91 days to 65 years.
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When does the coverage term end under the Critical Illness Lumpsum Plan?
The coverage term ends with the end of the policy period only unless renewed.
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Does this plan cover the expenses of medical examination?
Yes, the insurer bears 50% & 100% expenses incurred on the medical examination for 1 year policy and more than 1 year policies respectively.