A critical illness insurance policy is a health insurance cover that provides a lump sum payment to the insured person if they get diagnosed with a particular serious illness covered under the policy. Those critical illness insurances under a critical illness policy include cancer, heart attack, stroke, etc., depending on the policy.
Sometimes, a critical illness health insurance plan may be needed for your family members. This is because even if you have taken a best critical illness insurance, your family members may not be having it. To choose the best critical illness insurance India, compare different critical illness insurance plans to find out the best one. Most of the critical illness plans have a waiting period of 90 days after policy purchase. While you choose a critical health insurance plan, see if that health insurance with critical illness coverage matches your medical needs. Select a health insurance company with the highest claims ratio to buy critical illness coverage. This is because a claims ratio refers to the total number of claims settled by an insurance company in a particular year.
A best critical illness policy will cover the long-term and very serious conditions. Not all plans provide critical illness cover in health insurance, so check the critical illness insurance India before you buy. Consider all necessary factors while analysing the best critical illness insurance plans in India, then choose the right coverage. Know more on critical illness insurance policy.
Policy TermThis policy can be availed for a term of one, two or three years. |
Pre-Medical ExaminationPre-acceptance medical screening is not required to avail this policy by those who are aged below 50 years. However, those who are aged above 50 years and those who have adverse medical history need to undergo pre-medical screening. |
Sum InsuredThe minimum Sum Insured of this policy is Rs. 5,00,000/- and the maximum is Rs. 25,00,000/- (in the multiples of Rs. 1,00,000/-).
1) For Earning persons -12 times of yearly income for 18 – 35 yrs age and 10 times of yearly income for above 35 yrs age. The maximum Sum Insured cannot exceed Rs.25 lakhs.
2) For Non-Earning persons – Maximum up to 15 lakhs. Non-earning Sum Insured cannot be more than the Sum Insured for the primary member. |
Wide Critical Illness CoverThis wide critical illness cover is used for major critical illnesses grouped into four categories. |
Cancer CoverThis policy provides lump sum cover for Cancer related major diseases. |
Heart Disease CoverThis policy provides lump sum cover for major heart related conditions. |
Brain & Nervous SystemThis policy provides lump sum cover for critical illnesses related to brain and nervous system. |
Major Organ & Other ConditionsThis policy provides lump sum cover for critical illnesses related to major organs and other conditions. |
Instalment OptionsThe policy premium can be paid on a quarterly or half-yearly basis. It can also be paid on an annual, biennial (once in 2 years) and triennial (once in 3 years) basis. |
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Dealing with a life-threatening illness not only takes a toll easily on one's emotions but also their finances. With the Star Critical Illness Multipay Insurance Policy, one does not have to worry anymore because this is one of the most dependable safety nets available.
It provides a lump sum payout upon the diagnosis of any one of 37 specified critical illnesses such as cancer, heart attack, brain surgery, issues requiring major organ transplant and more. Also, you get cashless hospitalisation in a wide array of network hospitals, E-Pharmacy services, home pickup of lab samples, and more.
Thus, even if life decides to throw a curve ball at you, availing of critical illness insurance with Star Health will ensure that you are well-prepped to face it head-on.
A critical illness insurance policy offers protection and finances in the unfortunate event you are diagnosed with a life-threatening disease like cancer, stroke, heart attack, or renal failure. The policyholder, on the first diagnosis of any pre-listed critical illness, gets a lump-sum amount, which is meant to take care of the exorbitant costs related to the treatment.
As a result, critical illness health insurance coverage ensures that you do not have to touch your savings to get the essential treatment. Furthermore, it includes a range of other critical medical conditions like third-degree burns, unstable coma, kidney failure requiring regular dialysis, major head trauma, Alzheimer's disease and more.
Thus, if you want to prepare yourself to face the unexpected in life, consider getting a critical illness insurance plan. It will be a worthy investment for you and your family. Looking for the best critical illness insurance plans online?
Check out Star Critical Illness Multipay Insurance Policy now!
In general, Critical illness lists typically cover a range of serious conditions.
Critical illness insurance can offer financial protection during a major health emergency, like a heart attack, stroke, or organ failure. A critical illness benefits a person in many ways. Critical illness health insurance ensures that your money savings remain intact if you get diagnosed with an illness that needs extensive treatment and a long recovery.
There are many factors to consider when choosing the best critical illness insurance. Let's discuss the factors that influence the selection of the best critical insurance policy.
Consider the waiting period while choosing a health insurance plan. A few plans have a waiting period before you can claim for some illnesses.
Choose a plan that provides a substantial sum assured to offer coverage for the potential medical or health care expenses.
Consider the specific conditions covered under the plan to check that it includes the illnesses most relevant to your health risks.
Check for the entry and exit age limits for the health insurance plan before you choose them so that they meet your current and future needs.
Always select a health insurance plan that fits within your budget.
Know about any pre-existing health conditions that may affect your eligibility or premium rates, as a few health insurance plans might have medical or health care underwriting needs.
Check what is included in the policy, like hospitalization expenses, post-hospitalization expenses, and extra benefits.
Choose a plan that offers adequate coverage for a reasonable premium.
Check if there are any limitations in the policy, like waiting periods, sub-limits, or exclusions for particular treatments.
Select a health insurance plan with a tenure that fits your health care needs.
Choose a sum insured that adequately covers potential health care or medical costs.
Read and understand the policy document clearly to see for the exclusions or limitations that may impact your health insurance coverage.
See the features under the plan to ensure that it covers lost income because of critical illness, ensuring financial steadiness during recovery periods.
Make sure that the sum assured is enough to cover potential medical expenses and other financial obligations in case of a critical illness.
Make sure that the health insurance plan you choose has a larger number of network hospitals.
The Star Critical Illness Multipay Insurance Policy is essential for all individuals seeking financial protection against major life-threatening diseases. Following are some of its salient features:
Our critical illness plan offers a comprehensive solution, ensuring peace of mind by providing a lump-sum payout on the diagnosis of any one of 37 critical illnesses, including cancer, heart disease, and stroke.
What's more, this policy can be availed for a time period of one, two, or three years, making it a flexible way to gain coverage based on your health condition.
Pay your premium with ease! The policy offers an installment facility—choose to pay quarterly, half-yearly, annually, or even on a biennial or triennial basis.
For those below 50 years of age, no pre-acceptance medical screening is required. However, individuals above 50 years or with an adverse medical history need to undergo a pre-medical examination.
The minimum sum insured under this policy starts at ₹5,00,000/-, with a maximum limit of ₹25,00,000/-, in multiples of Rs. 1,00,000/-. For individuals earning a living, the sum insured is 12 times their yearly income (for ages 18–35 years) and 10 times (for those above 35 years). Non-earning persons can avail a maximum sum insured up to ₹15,00,000/-.
This critical insurance policy covers major health conditions which are grouped into four essential categories:
●Cancer Cover: Provides lump sum cover for cancer-related illnesses.
●Heart Disease Cover: Covers major heart conditions.
●Brain & Nervous System: Offers coverage for critical illnesses related to the brain and nervous system.
●Major Organ & Other Conditions: Includes critical illnesses related to major organs and other serious conditions.
The Star Critical Illness Multipay Insurance policy offers the best critical illness insurance coverage, ensuring you are protected against the unexpected while keeping your financial well-being intact. Secure your health today with this trusted plan!
The critical illness cover in health insurance offers a lump sum payment upon covered critical illness diagnoses like cancer, heart attack, or stroke. The financial support obtained by the critical illness cover in health insurance sector can be used for medical expenses, lost income, or other living expenses, offering peace of mind and financial safety during a challenging time.
The Star Critical Illness Multipay Insurance Policy offers comprehensive coverage to all eligible individuals. However, there are some special conditions that need to be satisfied. They are as follows:
Given the rising healthcare costs and the increasing occurrence of critical illnesses, investing in Star Critical Illness Insurance is a wise decision. It helps protect you financially when you need it most, ensuring your well-being and that of your loved ones.
When it comes to critical illness insurance, Star Health offers unmatched services and benefits, ensuring that you get the best care when you need it most. Following are some reasons why you should consider choosing the Star Critical Illness Multipay Insurance policy:
With 24/7 customer service, you can reach out at any time by calling 1800-425-2255 for claim intimations and telehealth services and to clear any queries, ensuring a seamless experience.
As a pioneer in the industry, Star Health is the first standalone health insurance company to settle claims in-house without any third-party administrator (TPA). This helps ensure faster and more efficient claims processing.
Star Health stands out with 90% of claims settled under cashless within just 2 hours and 92% of claims under reimbursement settled within 7 days. This rapid service guarantees that your financial needs are met without delays.
Apart from availing cashless treatment at our vast range of 14,000+ network hospitals, you can also visit our agreed network hospitals. They provide cost-effective rates for medical and surgical procedures, ensuring you receive top-notch treatment at affordable prices.
Additionally, you have access to valuable service providers who have been specially recognised for their services and quality.
We believe in proactive health management, which is why Star Health offers a wellness program that rewards you for maintaining a healthy lifestyle. Enjoy renewal discounts and other benefits as you stay healthy and fit.
With access to 1,635 diagnostic centres across India, Star Health makes it easy for you to get lab samples picked up from home and even enjoy health checkups at your doorstep. Additionally, our E-Pharmacy lets you order medicines online at a discounted price, with home delivery available in over 2,780 cities.
With all these exclusive benefits, Star Health is undoubtedly your best choice for critical illness insurance. We go the extra mile to ensure that you are covered and receive the best possible care when it matters the most.
Check out the Star Critical Illness Multipay Insurance policy today!
A Critical Illness Mediclaim Policy refers to health insurance that offers a lump sum payout to the policyholder if they get diagnosed with a life-threatening and severe illness listed in their insurance policy. Those critical illnesses include cancer, kidney failure, heart attack, and stroke.
A mediclaim policy for critical illness allows them to cover high medical treatment costs related to those critical conditions, and it provides financial security during major health emergencies.
A "mediclaim" policy offers coverage for hospitalization expenses through reimbursement. Meanwhile, a "critical illness" policy offers a lump sum amount payout if you get diagnosed with a specific and severe illness listed in your policy.
A mediclaim offers coverage for the cost of treatment, while a critical illness offers coverage for the financial impact of a major disease.
A mediclaim policy covering critical illness is needed as it offers a lump-sum payment upon diagnosis of a serious illness such as cancer, kidney failure or a heart attack.
When such a critical illness cover in mediclaim policy, which permits you to cover the high cost of treatment and manage financial stress during a period when you may not be able to work, your money savings will be safeguarded, and the mental stress will be reduced. Mediclaim policy with critical illness cover offers wide coverage that acts as financial security at the time of a medical crisis.
To apply for a Mediclaim for Critical Illness, you must follow the below steps:
A critical illness health insurance policy refers to a policy that provides coverage for life-threatening medical conditions like cancer, paralysis, heart attack, kidney failure, and more. Critical illness insurance Indians choose based on many factors. You could choose the best critical illness insurance based on factors like treatment costs, recurring costs and future financial liabilities during income loss. If you understand critical illness insurance meaning, how do you buy a critical illness insurance policy.
Critical illness insurance plans offer many benefits. Plans for the critical illness benefits include offering coverage for the expenses of diagnosis, treatment, recovery from many serious diseases, and providing financial security.
Star Critical Illness Multipay Insurance Policy acts as a cashless policy by providing cashless hospitalization in a wide array of network hospitals. Our Star Health being one of the top 10 health insurance companies in India, provides critical illness coverage under the Star Critical Illness Multipay Insurance Policy. It offers a lump amount for the medical expenditure of some critical diseases. Critical illness policy benefits include offering a lump-sum payment after diagnosing a covered critical illness. You could use a critical illness insurance premium calculator to calculate the premium that suits your budget. Critical illness insurance plans help cover doctor consultation fees, the cost of medicines, and more.
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