5- IFFCO-Tokio General Insurance Company Limited - Critical Illness Insurance
Critical Illness Policy
At a time of increasing cost of living, the expenses for medical treatment have gone up substantially. Particularly if any person contracts a major disease (critical illness), then he/she has to spend a huge sum of money for treatment, which most people can ill afford.
Although you cannot prevent the occurrence of serious ailments and accidents, you can take steps to ensure that the same does not result in financial ruin for you and your family. ITGI's Critical Illness Insurance Policy provides just the right kind of cover for such situations at a very affordable price.
A Complete Protector
The standard medical cover available in the market is perceived to be rather expensive for the common man. Normal hospitalization while also involving a financial strain, can even then be sustained by an average person. but treatment for critical illness, while saving the person's life could cripple him financially. By paying a fraction of the normal premium required to be paid for a full fledged medical cover, complete protection can be taken through this Policy when it is needed the most. The ailments which are covered under this Policy are cancer, renal failure, coronary artery diseases requiring bypass surgery, major organ transplant, paralytic cerebral stroke as well as accidental injuries resulting in loss of limbs.
Benefits Available
Our Policy covers the following heads of expenses, which are normally incurred in the event of a critical illness treatment:
  • Room rent and boarding expenses.
  • Nursing expenses.
  • Surgeon, anesthetist and medical practitioner/consultant's fees.
  • Cost of anesthesia, blood, oxygen, operation theatre, surgical appliances, medicines & drugs, diagnostic materials and X-ray, dialysis, chemotherapy, radiotherapy, pacemaker, artificial limbs etc. and similar expenses
When will the Policy not pay?
    Some of the important exclusions under the Policy are as follows:
   
  1. Treatment pertaining to pre-existing diseases.
  2. Any medical treatment due to a disease during the first 120 days of commencement of insurance cover.
  3. Any expense for treatment related to Human T-Cell Lymphotropic Viruses Type II (HTLV-III) or Lymphadinopathy Associated Viruses (LAV) or their mutant derivatives or variations, any syndrome or condition of a similar kind referred to as AIDS
  4. Treatment for ailments arising out of drug addiction or alcoholism.
  5. Any attempted self injury or suicide
  6. War, nuclear and terrorism risks
What extra benefits can be covered?
    At an extra premium, you can cover the following items under your Critical Illness Insurance Policy:
   
  1. Education cover
  2. Ambulance charges
  3. Cost of travel
  4. Cost of supporting items
  5. Boarding and lodging expenses
Who can apply for this Policy?
    This Policy can be issued to various categories of groups as under:
   
  1. Employers covering their employees including dependants of the employees
  2. Pre-identified segment/group where the premium is paid by the State/Central Government.
  3. Members of registered service clubs.
  4. Holders of credit cards or other financial cards.
  5. Holders of deposit or certificate of Banks/NBFCs.
  6. Shareholders of public limited companies, cooperative societies etc.
  7. Students/teachers of educational institutions.
  8. Members of any other group having common identification or interest.