ICICI Prudential Crisis Cover Plan

ICICI Prudential Crisis Cover Plan is a Critical Illness Health Plan with loads of additional benefits. Thus, it is a Critical Illness Plan without Bonus facility.

Death Benefit

Income Tax Benefit

Critical Illness health plan

Compare this plan with other Health Plans

Key Features

This is a Critical Illness health plan

This plan pays the Sum Assured on diagnosis or undergoing any of the 35 diseases and procedures (critical Illnesses), Total and Permanent Disability and death

This plan can be continued up to 75 years of age

On diagnosis of Group 2 illnesses, the plan even continues after Rs 10 lakhs have been paid

In this plan, a lump-sum benefit is paid on diagnosis of the illness irrespective of actual billing

The benefit under this plan can be availed in addition to payment received from other medical insurance plan

Benefits

Death Benefit

In case of death of the Life Insured within the Policy Tenure, the nominee the Sum Assured as Death Benefit and the policy terminates.

Maturity Benefit

There is no Maturity Benefit on Policy Maturity.

Income Tax Benefit

Eligible for tax benefits on premium paid u/s 80C & 80D of the Income Tax Act 1961.

How it works

In this plan, premium needs to be paid every year till the end of the Policy Tenure. However, this plan covers 35 Critical Illness and hence, if the Life Insured is diagnosed with any one of them, the Sum Assured is paid out depending on the group.

If the Life Insured has been diagnosed with an illness from Group 1, then the entire Sum Assured is paid out and the policy is terminated. There are 21 diseases under Group 1 like: Apallic Syndrome, Benign Brain Tumour, Blindness, Brain Surgery, Cancer, Chronic Lung Disease, Coma, Major Burns, Major Head Trauma, Major Organ Transplant, Paralysis, Stroke, Surgery to Aorta, End Stage Liver Disease, Coronary Artery Bypass Surgery, Heart Attack, Heart Valve Surgery, Kidney Failure, Loss of Independent Existence, Loss of Limbs and Terminal Illness.

However, if the Life Insured has been diagnosed with an illness from Group 2 and the policy Sum Assured is more than Rs 10 lakhs, then only Rs 10 lakhs would be paid out and the policy continues with the reduced coverage and subsequently reduced payment. However, if the policy Sum Assured was Rs 10 lakhs or less, then the entire Sum Assured would be paid out on diagnosis and the policy would be terminated. There are 14 diseases under Group 2 like: Angioplasty, Alzheimer’s Disease

Aplastic Anaemia, Cardiomyopathy, Deafness, Loss of Speech, Medullary Cystic Disease, Motor Neuron Disease, Multiple Sclerosis, Muscular Dystrophy, Parkinson’s Disease, Polio Myelitis, Primary Pulmonary Hypertension and SLE with Lupus Nephritis.

Being a Critical Illness Health plan, there is no Maturity Benefit in this plan. However, if the Life Insured dies within the policy tenure, the entire Sum Assured is paid to the nominee without any waiting period being applicable. Also in case of Total & Permanent Disability, the entire Sum Assured is payable to the Life Insured. This benefit is payable even if it occurs because of an accident during the waiting period.

Eligibility

Minimum	Maximum
Sum Assured (in Rs.)	3,00,000	20,00,000
Policy Term (in years)	10	50
Premium Payment Term (in years)	Equal to PT
Entry Age of Life Insured (in years)	18	60
Age at Maturity (in years)	-	75
Premium (in Rs.)	2,400	No Limit
Payment modes	Yearly, Half-Yearly and Monthly