Royal Sundaram Critical Illness Lumpsum Health Insurance Wordings

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.

The eligible age of entry under this policy ranges from 91 days to 65 years.

The coverage term ends with the end of the policy period only unless renewed.

Yes, the insurer bears 50% & 100% expenses incurred on the medical examination for 1 year policy and more than 1 year policies respectively. 

This Critical Illness Lumpsum Plan offers coverage for 9 critical illnesses. 

The critical or major illnesses which are covered under this plan comprise of:
1. Open Chest CABG
2. Third Degree Burns
3. Cancer of Specified Severity
4. Major Organ/Bone Marrow Transplant
5. First Heart Attack of Specified Severity
6. Kidney Failure requiring Regular Dialysis
7. Stroke Resulting in Permanent Symptoms
8. Multiple Sclerosis with Persisting Symptoms
9. Open Heart Surgery for Replacement or Repair of Heart Valves

Yes, the feature of lifelong renewability is available under the Critical Illness Lumpsum Plan. 

The discount of 2% and 2.5% is given on the purchase of policies with 2 years and 3 years tenure.

This Critical Illness Lumpsum Plan is approved by IRDAI and its premium amount is applicable to get an exemption from income tax as per the section 80D, subject to the relevant provisions of the Income Tax Act 1961.