Critical Illness Insurance by Niva Bupa

1. Critical Illness Insurance by Niva Bupa

2. What is critical illness insurance? Critical illness insurance is a type of insurance that provides financial protection to policyholders in the event they are diagnosed with a specified critical illness or medical condition. The coverage can vary depending on the insurance provider and the specific policy, but generally, critical illness insurance covers the following:

3. What does the critical illness insurance cover? The coverage can vary depending on the insurance provider and the specific policy, but generally, critical illness insurance covers the following: Lump Sum Payment: If the policyholder is diagnosed with a covered critical illness, the insurance company pays out a lump sum of money to the policyholder. This lump sum payment is usually tax-free and can be used at the policyholder's discretion. Explore Niva Bupa's critical illness insurance offerings, which safeguard you against 20 specific life-threatening conditions, offer seamless claim processing, and optimise your tax advantages according to section 80D.

4. Critical illness insurance coverage Specific Illnesses: Critical illness insurance typically covers a predefined list of serious medical conditions, which may include heart attack, stroke, cancer, organ transplantation, kidney failure, major organ transplant, paralysis, and others. The list of covered illnesses can vary among insurance companies. Survival Period: To receive the insurance payout, the policyholder must survive a certain period after the diagnosis. This period is known as the "survival period," and it ensures that the policy is not misused by someone purchasing insurance after already being diagnosed with a critical illness.

5. No Restrictions on Usage: The policyholder can use the lump sum payment for various purposes, such as covering medical expenses not covered by health insurance planning, replacing lost income during treatment and recovery, necessary lifestyle changes. Additional Coverage Options: Some policies offer additional coverage or riders, such as coverage for additional illnesses, loss of limbs, blindness, or long-term care needs. Exclusions and Limitations: Critical illness insurance policies typically have exclusions and limitations. These may include pre-existing conditions, certain types of cancer, self-inflicted injuries, and critical illnesses diagnosed within a waiting period after the policy's inception.

6. Conclusion In conclusion, critical illness insurance by Niva Bupa a best health insurance company in India offers a valuable layer of financial protection and peace of mind in the face of serious medical conditions. It's designed to provide a lump-sum payout upon the diagnosis of specified critical illnesses, allowing policyholders to manage the financial impact of medical treatments, lifestyle adjustments, and other related costs. While critical illness insurance is not a substitute for regular health insurance, it complements it by covering expenses that traditional health insurance might not address. Niva Bupa offer best family health insurance and individual health insurance.

7. Contact us For more information For a New Policy - 1800-309-3333 Customer Helpline - 1860-500-8888