Chola Group Credit Linked Critical Illness Insurance Policy
Features and benefits
Chola Group Credit Linked Critical Illness Insurance Policy is intended to support the Insured financially in the event of diagnosis of any covered Critical Illness (CI). The Policy pays a lumpsum benefit equal to the Sum Insured on the happening of the Insured Contingency.
Coverage
This policy will pay a lumpsum benefit equal to the Sum Insured, if during the policy period, the Insured is diagnosed as suffering from a Critical Illness listed below and defined in the policy, the first occurrence of which manifests itself while the policy is in force, as mentioned in the Policy Certificate.
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List of Critical illness |
|||
|
1 |
Cancer of Specified Severity |
21 |
Fulminant Viral Hepatitis |
|
2 |
Myocardial Infarction (First Heart Attack of specific Severity) |
22 |
Muscular Dystrophy |
|
3 |
Major Organ /Bone Marrow Transplant |
23 |
Goodpasture’s syndrome |
|
4 |
Stroke Resulting In Permanent Symptoms |
24 |
Apallic syndrome |
|
5 |
Open Chest CABG |
25 |
Systemic lupus erythematosis |
|
6 |
Kidney Failure Requiring Regular Dialysis |
26 |
Multiple system atrophy |
|
7 |
Permanent Paralysis Of Limbs |
27 |
Progressive scleroderma |
|
8 |
Multiple Sclerosis With Persisting Symptoms |
28 |
Pneumonectomy |
|
9 |
Motor Neuron Disease With Permanent Symptoms |
29 |
Pulmonary artery graft surgery |
|
10 |
Open Heart Replacement or Repair of Heart Valves |
30 |
Alzheimer’s disease |
|
11 |
Third Degree Burns |
31 |
Cardiomyopathy |
|
12 |
End Stage Lung Failure |
32 |
Brain surgery |
|
13 |
Benign brain tumour |
33 |
Progressive supranuclear palsy |
|
14 |
Blindness |
34 |
Creutzfeldt-jakob disease (CJD) |
|
15 |
Coma of Specified Severity |
35 |
Major Head Trauma |
|
16 |
Surgery to Aorta |
36 |
Encephalitis |
|
17 |
Primary (Idiopathic) Pulmonary hypertension |
37 |
Loss of Speech |
|
18 |
Parkinson’s Disease |
38 |
Bacterial Meningitis |
|
19 |
Aplastic Anaemia |
39 |
Deafness |
|
20 |
End Stage Liver Failure |
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Waiting Period: Any Critical Illness for which the Insured had shown signs and symptoms or has been diagnosed within the first 90 days from the date of commencement of the Policy is excluded. This is not applicable if caused directly due to an accident during the policy period.
Pre-Existing Disease (PED) Any critical illness arising on account of or in connections with Pre-existing Disease / Condition as defined in the policy wording is excluded from scope of cover.
General Exclusions
The Company will not pay for any claim in respect of any critical illness directly caused by, arising from or in any way attributable to:
1. War and allied perils
2. Intentional self Injury and / or the use or misuse of intoxicating drugs and / or alcohol
3. Occupational Disease
4. Radioactive contamination
5. Consequential losses of any kind, be by the way of loss of profit, loss of business, loss of opportunity, business interruption, market loss or otherwise, or any claim arising out of loss of a pure financial nature such as loss of goodwill or any legal liability of any kind whatsoever
Above is only partial listing of exclusions, please refer to Master Policy Wordings available with the Group Manager for detailed Policy Terms, Conditions and exclusions.
Claims Procedure
Claims Notification
Claim Intimation must be provided to the Insurer within 30 days from the date of diagnosis/occurrence of the event by telephone through toll free number (1800-208-9100) or in writing by email (customercare@cholams.murugappa.com) / letter).
Claim Documentation
Claim Documents as listed in the Policy Terms have to be submitted within 90 days of completion of the waiting/ survival periods