ABSLI CritiShield Plan

Nowadays the number of diabetics and high blood pressure problems are at a rising stage and these problems are responsible for cardiac and renal diseases. Cardiac and renal diseases are related to heart and kidney problems, respectively, and their treatment is quite expensive. So, it is better to take a health insurance policy because it covers the financial risks that might occur in the future due to these diseases. But all health insurance policies don’t cover the risk of heart and kidney diseases. Therefore, you can go for the ABSLI CritiShield Plan that protects you from kidney and heart diseases. This plan covers the financial risk that may arise due to the treatment of heart and kidneys and also help you meet hospitalization charges.

Exclusive Features of CritiShield Plan

You can look at the features of this plan and find out how it will benefit you in case of a medical emergency.

1. This plan protects you from all stages of renal and cardiac conditions.
2. One can also increase the coverage amount of the policy as well.
3. Enjoy the waiver of premium for 5 years if you are diagnosed with the disease at an early stage.
4. Option to receive monthly income for 5 years if you are diagnosed at the major stage.

Benefits of the CritiShield Plan

The plan comes with several benefits that you should explore before buying it. Let’s check out the benefits.

Cardiac Benefits

There are two benefits of Cardiac Conditions and they are as follows:-

Early Stage Cardiac Problem

If you are diagnosed with the Cardiac Illness at an early stage, the company will only pay 30% of the Sum Assured to the policy taker.

Major Stage Cardiac Problem

If you are diagnosed with the Cardiac Illness at the major stage, the company will pay 100% of the Sum Assured to the policy taker excluding any other claim paid at the time of the early stage.

This benefit will be given to the insured if he opts for the Cardiac Benefits at the time of policy inception.

Renal Benefits

There are two benefits of Renal Conditions and they are as follows:-

Early Stage Renal Problem

If you are diagnosed with Renal Illness at an early stage, the company will only pay 30% of the Sum Assured to the policy taker under the Aditya Birla Sun Life Insurance CritiShield Plan.

Major Stage Renal Problem

If you are diagnosed with Renal Illness at the major stage, the company will pay 100% of the Sum Assured to the policy taker excluding any other claim paid at the time of the early stage.

This benefit will be given to the insured if he opts for Renal Benefits at the time of policy inception.

Cardiac and Renal Benefits

This benefit covers both the benefits of the policy – Cardiac and Renal Benefits. If you choose this option, the risk of Cardiac and Renal illnesses will be covered.

Diagnosed with Cardiac Illness at an Early Stage

The company will give you 30% of the Sum Assured if you are diagnosed with a Cardiac disease at an early stage.

Diagnosed with Cardiac Illness at the Major Stage

On the diagnosis, at the Major stage of the Cardiac illness, you are entitled to receive 100% of the Sum Assured excluding any other claim paid at the time of the early stage.

Diagnosed with Renal Illness at an Early Stage

The company will give you 30% of the Sum Assured if you are diagnosed with Renal Disease at an early stage.

Diagnosed with Renal Illness at the Major Stage

On the diagnosis, at the Major stage of the Renal illness, you are entitled to receive 100% of the Sum Assured excluding any other claim paid at the time of the early stage.

You will receive the highest of the following sum assured in case of Renal  or Cardiac Illness:-

1. 10 Times the Annual Premium
2. 105% of all premium paid up to the date of the claim
3. Minimum Sum Assured at the time of maturity
4. Cardiac Sum Assured or the Renal Sum Assured

Waiver of Premium Benefits

If your Early Stage Cardiac Illness or Early Stage Renal Illness has been claimed successfully by the company, all the future premiums will be waived off for 5 years or the years left till the maturity, whichever is lower. But the company has to approve the Early Stage Claim and then only you will get the waiver of premium benefits.

Income Benefits

At the time of policy inception, you need to decide whether to take this benefit or not. In this benefit, you can take 1% of the sum assured for Renal or Cardiac conditions once the claim for the Major Stage has been approved by the company.

In case of the comprehensive benefit covering both Renal and Cardiac Illnesses, you are entitled to take 1% of the sum assured as the monthly income for each illnesses.

This monthly benefit will be paid for 5 years even after the expiration of the policy. If in case the policy taker dies, the nominee will receive the income benefits.

Options Available in ABSLI CritiShield Plan

There are two options available in the CritiShield Plan. You have to decide the option at the time of taking the plan.

Option 1- Level Sum Assured

In this option of the ABSLI CritiShield Plan, the Sum Assured will remain the same throughout the policy term. You will receive 100% of the sum assured if you have chosen Cardiac Benefits, Renal Benefits, or both.

Option2- Increasing Sum Assured

In this option, the sum assured of the plan will increase by 10% every year. You can choose this option for while covering the Renal Illness Risks, Cardiac Illness Risks, or both. In the first year, the total sum payable will be 100% of the Sum Assured and, from the next year, it will be increased by 10%.

Other Details of the Policy

Steps to Take the CritiShield Plan

There are certain steps that you need to follow while taking the ABSLI CritiShield Plan.

1. Decide the Sum Assured ranging between INR 10 Lacs and INR 50 Lacs.
2. Choose the Plan benefits among Cardiac Benefits, Renal Benefits, and both Cardiac and Renal Benefits.
3. Select the Plan option between Level Sum Assured and Increasing Sum Assured.
4. Then decide the term of the policy and the maximum limit is 20 years.
5. Choose the Income Benefit option whether you want to include it in the policy or not.
6. Finally, complete the application form and the company will decide the premium amount depending upon your choices.