So, if the insured gets diagnosed with a critical
illness during the policy tenure, he / she becomes entitled to get a fixed lump sum, as mentioned in the policy.
Not exact matches
If more than one person is covered under a single critical
illness policy, each member qualifies to get cover once
during the
policy tenure.
On death or terminal
illness of the insured
during the
policy tenure, the Sum Assured is given in equated monthly instalments for such time which will be equal to the term of the plan chosen.
Saina Nehwal then goes on to explain the features of the product where you get the full amount of the
policy on diagnosis of the
illness up to three times
during the
policy tenure.
This means that you can claim multiple times
during the
policy tenure, provided the
illnesses belong to different groups of
illnesses.
During policy tenure in case you are diagnosed with any terminal
illness, company will pay you a lump - sum amount equal to 25 % of sum assured.
During the
tenure of the plan, if the life insured is diagnosed with any of the above critical
illness, then the premium for the remaining
policy tenure is waived off.