Not exact matches
No your policy will only pay
out once, either
on diagnosis of a specified
critical illness or
on death during the policy term.
Critical illness cover is designed to pay
out a lump sum
on the
diagnosis of a covered condition.
It is designed to pay
out on diagnosis of a specified
critical illness during the length
of the policy.
After the roll
out of new breed
of Rider benefits, now the «Waiver
of Premium» rider not only provides the benefit
of waiver
of all life insurance future premiums
on the earlier occurrence
of untimely death or accidental permanent total disability, but also waives
of premium
on the first
diagnosis of a
Critical Illness.
The benefits could be in the form
of fixed pay -
outs on hospitalization or a lump sum
on diagnosis against some specified
critical illnesses.
Also, while
critical illness policies typically pay
out a lump sum
on diagnosis of the covered
critical illness, senior citizens policies sometimes do not — however, they do reimburse the incurred medical expenses.
The plan has daily hospital cash benefit, lump sum pay
out on diagnosis of 18
critical illnesses listed or 138 surgeries specified.
On first
diagnosis any
of out of 11
critical illness, death, or accidental total disability, 1 % rider sum assured will be paid.
This rider pays
out the chosen percentage
of the Rider Sum Assured
on the
diagnosis of the
Critical Illness and / or Terminal
Illness.
On the other hand, if it is topped up with a
critical illness benefit rider, the insurer will hand
out a lump sum upon
diagnosis of such an
illness, unlike a health insurance policy.