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Health Insurance 405 views May 8, 2021
Care Health Group Credit Protection Plan provides financial protection to you and your family members against medical expenses. You can opt for any of the following coverages –
Continue reading this page here, and learn more about the benefits of the Care Health Group Credit Protection Plan.
Table of Contents
Check out the below-mentioned optional benefits of the Care Health Group Credit Protection Plan and select the one that suits you the best.
Optional Benefit 1: Smart Criti- Care
You will get financial coverage against the following –
This cover benefit shall be payable to you, provided any of the above-mentioned critical illnesses is diagnosed to you during the policy term. After the payment of the benefits, the policy shall automatically terminate. However, other insured members under the policy shall continue to be covered.
You can choose any of the following optional covers –
Note – You will be entitled to the Smart Criti- Care Benefit if you survive for 30 days from the date of diagnosis of the illness.
Optional Benefit 2: Smart Acci-Care
Under this cover, you’ll get financial protection against Accidental Death, Permanent Total Disablement and Permanent Partial Disablement. In case any claim arises due to accidental death, coverage under the policy for that insured member shall immediately be paid and the policy automatically terminates. However, the family members shall continue to be covered under this policy.
You can choose any of the following optional covers –
Optional Benefit 3: Smart Hospi-Care Plus
If you are sick or injured, the insurer will cover the following medically necessary charges –
You can choose any of the following optional covers –
Optional Benefit 4: Smart HospiCash
The insurance company will provide you a fixed amount as specified in the certificate of insurance, for each continuous and completed period of 24 hours during the hospitalization. Smart HospiCash Benefit shall be payable to you as per the following conditions –
You can opt for any of the following optional covers –
Choose any of the following optional covers under the Care Health Group Credit Protection Plan –
Optional Cover A: Flexible Recovery Benefit
If you are hospitalized during the policy year, the insurer will pay a fixed amount for every completed period of hospitalization. This optional cover benefit will be payable up to 2X in a policy year (for different injuries/illnesses), subject to a maximum of three payments per hospitalization. If you opt for Smart Acci-Care, coverage is provided in case of accidental hospitalization only.
Optional Cover B: Child Education
The company will pay the amount, as specified in the certificate of insurance against this optional cover, for the education of your child if you die or get permanently disabled due to an accident during the policy term. You can choose this optional cover under Smart Criti-Care and/or Smart Acci-Care.
Optional Cover C: Loss of Employment
If you lose your job, the company will pay a fixed lump sum up to 6X the EMI, as specified in the certificate of insurance. Coverage is available to you under Smart Criti Care and Smart Acci-Care.
Optional Cover D: Accidental Hospitalization Cash
If you suffer from an accident during the policy year, the insurer will pay a fixed amount for each continuous and completed period of 24 hours of such hospitalization. The company is liable to make payment under this optional cover up to 90 days per policy year. You can choose this optional cover with only one of the following – Smart Acci-Care, Smart Hospi-Cash.
You may return the policy within 15 days (free look period) from the date of receipt of the policy document if you disagree with any terms and conditions. On such cancellation, the insurer will provide you a refund of the paid premium after deducting proportionate risk premium for the period on cover, medical examination and stamp duty charges, provided no claim has been made under the policy during the free look period.