5- Max New York Life insurance Co. Ltd - Critical Illness Insurance
LifeLine Wellness™ Plus Plan
All of us aim for a long and illness-free life. However, as human beings we are prone to various illnesses and may contract various diseases. Though there are innumerable medical facilities and technologies available today to cure almost every illness, the cost attached to it quite high. These are the times you may need the assistance of a health insurance plan to manage these unforeseen situations and expenses. Illnesses strike without prior warning and that's the reason why you should possess a good health cover, which would insure you against various illnesses and guarantee financial security should you require any treatment. The health covers would provide you peace of mind and allow you to focus your time energy on other important things in life.
Max New York Life's LifeLine-Wellness™ Plus health plan provides a wonderful benefit system in terms of long tenure of coverage, coverage for 38 critical illnesses and tax benefit.
Features
Eligibility Criteria

Criteria

Eligibility

Age At entry

18 years to 60 years

Option for policy term

10, 15 or 20 years

Maximum age at maturity

75 years

Premium Guarantee

5 Years i.e subject to the revision with IRDA approval. Premium is renewed every 5 years through the term of your plan

Premium Limits

Minimum: Rs. 2,500 (Yearly Mode)
and Rs. 1,300 (Half Yearly Mode)

Waiting Period

180 days from policy commencement

Reinstatement after Lapse

Allowed only till 6 months based on declaration of good health

Waiting Period after Reinstatement

90 days from policy revival date
Scale of Benefits

Coverage Choice

Life Line - Wellness Plus™ Plan

Number of Units

1

2

3

4

5

6

7

8

9

10

Sum Assured (in lacs)

2

4

6

8

10

12

14

16

18

20
Example: If you take 5 units of Wellness Plus you have bought yourself a sum assured of 10 lacs as per the table above.
List of Covered Critical Illness Conditions under LifeLine- Wellness™ Plan

The list of covered conditions are divided into 3 groups

Group 1

Group 2

Group 3

Claim - 25% of SA.

Claim - 50% of SA.

Claim - 100% of Sum

Policy Continues with the

Policy Continues with the Balance

Assured

Balance Sum Assured

Sum Assured

Policy discontinued

Alzheimer’s Disease

Angioplasty and other Invasive

Apallic Syndrome

Blindness

Treatment for Coronary Artery

Aplastic Anaemia

Deafness

Disease

Brain Surgery

Loss of Speech

Benign Brain Tumor

Cancer

Medullary Cystic Disease

Cardiomyopathy

Coma

Motor Neuron Disease

End Stage Lung Disease

Coronary Artery By-

Muscular Dystrophy

Heart Attack

pass Surgery

 

Heart Valve Surgery

Kidney Failure

Major Burns

End- Stage Liver

Multiple Sclerosis

Disease

Multiple Trunk Avulsions of the

Loss of Independent

Brachial Plexus

Existence

Necrotizing Fascitiis

Loss of Limbs

Paralysis or Paraplegia

Major Head trauma

Parkinson’s Disease

Major Organ

Primary Pulmonary Hypertension

Transplant

Poliomyelitis

Stroke

Systemic Lupus Erythematosus

Surgery of Aorta

 

Terminal Illness

Total Permanent

Disability(to Age 65)

Benefits under LifeLine - Wellness™ Plan

You can avail benefits on the happening of any of the above events and fulfilling the following 3 conditions

  1. Confirmed by a registered medical practitioner, including a relevant specialist acceptable to the company (the cost of which shall be borne by the policyholder).
  2. Provided the life insured has survived for at least 28 (Twenty eight) days after the happening of the insured event..
  3. The life insured filing with the company all the required claim documents within 60 days of the date of the happening of the insured event.
  4. A claim with respect to any particular critical illness, if paid, shall not be payable again
Key Benefits