Group Critical Illness
Illness can strike at any time. Karur Vysya Bank in association with Bajaj Allianz General Insurance offers you the critical illness policy where all the employees can be covered under a single master policy. A Critical Illness plan insures you against the risk of serious illness in much the same way as you insure your car and your house. It will give you the same security of knowing that a guaranteed cash sum will be paid if the unexpected happens and you are diagnosed with a critical illness.
- The product is offered to persons from age 6 to 59 years
- Insured can opt for Sum Assured from Rs. 1,00,000/- to Rs.50,00,000/-
- Easy availability of money to take care of the medical expenses
- All related expenses for treatment is covered
- Frees insured of mental anxiety / stress during difficult times
- The benefit amount is payable once the disease is diagnosed meeting specific criteria and the insured survives 30 days after the diagnosis.
- The insured receives the amount as lump sum so that he can plan the treatment accordingly
- Premium paid is exempt under the Income Tax section 80 D
- Medical examination may be required in some cases based on the age and the benefit amount opted by the proposer