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Health Insurance 531 views May 24, 2021
Chola Group Credit Linked Critical Illness Insurance Policy provides financial coverage to people having borrowed any type of loan from banks/financial institutions against critical illnesses. Borrowers who are between 18 and 65 years can apply for this policy. Read this page and know about the coverage of the Chola Group Credit Linked Critical Illness Insurance Policy in detail.
Table of Contents
If you are diagnosed with any of the listed critical illnesses during the policy term, you will get a lump sum benefit equal to the sum insured. You have three different coverage options under the Chola Group Credit Linked Critical Illness Insurance Policy.
Secure | Secure Plus | Secure Advantage |
---|---|---|
Cancer of Specified Severity | Cancer of Specified Severity | Cancer of Specified Severity |
Myocardial Infarction (First Heart Attack of | Myocardial Infarction (First Heart Attack of | Myocardial Infarction (First Heart Attack of |
specific Severity) | specific Severity) | specific Severity) |
Major Organ /Bone Marrow Transplant | Major Organ /Bone Marrow Transplant | Major Organ /Bone Marrow Transplant |
Stroke Resulting In Permanent Symptoms | Stroke Resulting In Permanent Symptoms | Stroke Resulting In Permanent Symptoms |
Open Chest CABG | Open Chest CABG | Open Chest CABG |
Kidney Failure Requiring Regular Dialysis | Kidney Failure Requiring Regular Dialysis | Kidney Failure Requiring Regular Dialysis |
Permanent Paralysis Of Limbs | Permanent Paralysis Of Limbs | Permanent Paralysis Of Limbs |
Multiple Sclerosis With Persisting Symptoms | Multiple Sclerosis With Persisting Symptoms | Multiple Sclerosis With Persisting Symptoms |
Motor Neuron Disease With Permanent Symptoms | Motor Neuron Disease With Permanent Symptoms | Motor Neuron Disease With Permanent Symptoms |
Open Heart Replacement or Repair of Heart Valves | Open Heart Replacement or Repair of Heart Valves | Open Heart Replacement or Repair of Heart Valves |
Third Degree Burns | Third Degree Burns | Third Degree Burns |
End Stage Lung Failure | End Stage Lung Failure | End Stage Lung Failure |
Benign brain tumour | Benign brain tumour | Benign brain tumour |
Blindness | Blindness | Blindness |
Coma of Specified Severity | Coma of Specified Severity | Coma of Specified Severity |
Surgery to Aorta | Surgery to Aorta | |
Primary (Idiopathic) Pulmonary hypertension | Primary (Idiopathic) Pulmonary hypertension | |
Parkinson’s Disease | Parkinson’s Disease | |
Aplastic Anaemia | Aplastic Anaemia | |
End Stage Liver Failure | End Stage Liver Failure | |
Fulminant Viral Hepatitis | Fulminant Viral Hepatitis | |
Muscular Dystrophy | Muscular Dystrophy | |
Goodpasture’s syndrome | ||
Apallic syndrome | ||
Systemic lupus erythematosus | ||
Multiple system atrophy | ||
Progressive scleroderma | ||
Pneumonectomy | ||
Pulmonary artery graft | ||
Alzheimer’s disease | ||
Cardiomyopathy | ||
Brain surgery | ||
Progressive supranuclear palsy | ||
Creutzfeldt-jakob disease (CJD) | ||
Major Head Trauma | ||
Encephalitis | ||
Loss of Speech | ||
Bacterial Meningitis | ||
Deafness |
By paying an additional premium under Chola Group Credit Linked Critical Illness Insurance Policy, you can enhance your coverage by adding any of these optional covers to it.
If you have any signs and symptoms or are diagnosed with any of the covered critical illnesses within the first 90 days from the date of commencement of the policy, no benefit shall be payable to you. This waiting period does not apply to the hospitalization due to an accident during the policy period.
The insurer shall not cover critical illnesses, PTD, PPD, Death if they arise due to the following –
Chola Group Credit Linked Critical Illness Insurance Policy Coverage is subject to the following terms and conditions –
The policy will terminate automatically on the earliest of the following events –
You will get worldwide coverage for accidental death, PTD and PPD under optional covers
Upon payment of an admissible claim and settlement of 100% of the sum insured, the policy will terminate. However, the coverage in respect of optional benefits continues till the expiry date or occurrence of a claim (up to 100% of the sum insured)