Health Insurance 327 views May 12, 2021

The diagnosis of critical illness can cause stress to your hard-earned savings because of its costly treatment. Care Health Assured Plan can, however, protect your finances from going towards such treatment expenses. It is a unique critical illness health insurance plan from Care Health that provides a fixed benefit (lump sum payment) if a policyholder is diagnosed with any of the 20 specified critical illnesses.

By choosing this plan, insured persons also get protection from mishappenings (death or permanent total disablement) caused due to an accident.

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By looking at the following prominent features of the Care Health Assure Plan, you can have a brief idea about it. Please check!

  1. Critical Illness Cover
  2. Personal Accident Cover
  3. Child Education benefit
  4. Multiple Sum Insured options
  5. The choice to take a second opinion (in case you are suffering from a critical illness)
  6. Free Health check-up once every policy year
  7. HIV Cover
  8. Everyday Care benefit
  9. A 15-day free look period
  10. Tax Benefits under Section 80D of the Income Tax Act, 1961

Want to know these features in detail so that you can understand the Care Health Assure Plan better? On this page, we will be discussing the same. Let’s start without any further wait!

Let’s Understand the Features of Care Health Assure Plan in Detail

We are showing the benefits of the Care Health Assure Plan below. Understanding them will help you make a better decision. We are starting with the Critical Illness coverage benefit. Please check!

Critical Illness, Medical Events, and Surgical Procedures Coverage

If a policyholder is diagnosed with a critical illness or needs to undergo a surgical procedure, this policy will provide a lump sum payment equal to the sum insured during the policy period. Following critical illnesses, surgical procedures and medical events will get covered under this plan.

  1. Cancer
  2. End-Stage Renal Failure
  3. Multiple Sclerosis
  4. Benign Brain Tumor
  5. Parkinson’s Disease before the age of 50 years
  6. Alzheimer’s Disease before the age of 50 years
  7. End-Stage Liver Disease
  8. Motor Neurone Disorder
  9. End-Stage Lung Disease
  10. Bacterial Meningitis
  11. Aplastic Anemia
  12. Major Organ Transplant
  13. Heart Valve Replacement
  14. Stroke
  15. Myocardial Infarction
  16. Coronary Artery Bypass Graft
  17. Major Burns
  18. Coma
  19. Paralysis
  20. Total Blindness

Personal Accident Benefit

Care Health Assure Plan provides a lump sum amount equal to the sum insured upon policyholder’s accidental death or permanent total disablement. To get the benefit, both these situations should happen within 12 months of the occurrence of the injury.

Here, permanent total disablement means.

  1. The total and irrecoverable loss of sight of both eyes; or
  2. The actual loss by Physical Separation of both hands or both feet or one entire hand and one entire foot; or
  3. Loss of use of both hands or both feet or one hand and one foot without physical Separation

Child Education Benefit

If a policyholder is diagnosed with one of the specified critical illnesses or meets with an accident resulting in death or permanent total disablement, this plan from Care Health will give a child education benefit. The plan will give 10% of the sum insured towards the education of your child (24 years or less) as a lump sum amount.

The choice to Take the Second Opinion

In case a policyholder is suffering from a critical illness and dissatisfied with the current line of treatment, Care Health Assure Plan will also arrange the second opinion of a doctor, free of cost. The benefit of getting a second opinion will be available to each insured person for each illness every year.

Health Check-up Facility

Care Health understands the importance of regular health check-ups to reduce the chances of getting hospitalized. That’s why this plan provides a free health checkup once during the policy term for the policyholders. There are different sets according to the age of the policyholder and the sum insured. Each set has a definite number of tests that a policyholder will undergo during the annual health check-up.

Everyday Care Benefit

It is an additional benefit that policyholders can choose to get unlimited consultations to doctors, consultants, and specialists at INR 100 per consultation. However, you can only visit 4 times for the consultation of the same illness or disease.

HIV Cover Benefit

Care Health Assure Plan also provides a lump sum amount up to INR 25 lakh if a policyholder is diagnosed with HIV Infection for the first time during the policy. Such infection should not be caused either by parent-to-child transmission, or transmission through unprotected sex (heterosexual, homosexual, or Bisexual). It is also an additional benefit and will be available only once during a policyholder’s lifetime.

Multiple Sum Insured Options

With this critical illness health insurance plan, individuals can choose from three options – Assure 2, Assure 3 and Assure 4. With Assure 2 option, the sum insured ranges from INR 1 lakh to INR 25 crore. With Assure 3 and 4 options, the sum insured can range from INR 1 lakh to INR 3 crore.

What is the Policy Term for Care Health Assure Plan?

The policy term will be different for an individual and a group. The policy term can be one to 3 years on choosing the plan on an individual basis. In the case of a group, the policy term can be one year.

Care Health Assure Plan Eligibility Criteria

We are showing important eligibility terms related to the Care Health Assure Plan below. Please check!

  1. The minimum entry age stands at 18 years.
  2. The maximum entry age can go up to 65 years with the lifelong renewal facility.
  3. The age of the proposer should be 18 years or above.

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