Insurance products are generally procured as protection against unfortunate situations. Insurance products are of various types such as Life Insurance, Health Insurance, etc. In order to avail further cover, individuals have the option of procuring additional Riders. These products provide cover that is not generally provided in a base policy. All insurance companies provide different types of Riders that can be availed by customers based on their needs and necessities.
The Traditional Critical Illness Rider by DHFL Pramerica provides additional cover in case the policyholder is diagnosed with any of the ten conditions/critical illnesses or surgeries such as blindness, first heart attack of a specified severity, aorta surgery, among others.
If individuals opt for this rider in additional to a traditional base policy, he/she will have to pay additional premium in addition to the premium that is being paid for the base policy.
In order to avail the Traditional Critical Illness (CI) Rider from DHFL Pramerica, policyholders will have to meet the following criteria.
|Age at entry (in years)||
|Expiry date of benefit||65 years|
All ages are based on the last birthday of the policyholder.
Sum Assured under this rider plan will vary based on the premium, payment tenure and other factors.
|Sum Assured||Minimum - Rs.50,000|
|Maximum - 50% of the total of the monthly income that is payable t issue over the policy term. This amount is subject to a maximum of Rs.25 lakhs.|
The premium payment term will vary based on the term applicable to the bae policy. The base policy tenure is applicable or tenure until age of expiry, whichever is earlier.
Customers should note that premiums would vary based on location, age, plan term and other factors.
The following conditions are covered by the Traditional Critical Illness Rider.
|Aorta Surgery||Surgery to correct or repair aneurysm, obstruction, narrowing or dissection of aorta via surgical opening of abdomen or chest.|
|Blindness||Complete, permanent and loss of sight in both eyes that is irrecoverable due to an accident or illness. This loss will have to be noted for a minimum of 6 months and deemed permanent by an Ophthalmologist who has been appointed by DPLI.|
|Cancer (specified severity)||A malignant tumour that is defined by uncontrolled growth along with spread of cells that are malignant along with destruction and invasion of normal tissues. This diagnosis must be confirmed by a certified pathologist. Cancer includes sarcoma, leukemia and lymphoma.|
|Open Chest CABG||The undergoing of open heart surgery for the purpose of correction of one or more coronary arteries that have been narrowed or blocked via CABG or Coronary Artery Bypass Graft is covered. Diagnosis will have to be supported by an angiography.|
|First Heart Attack (specified severity)||The very first occurrence of a myocardial infarction resulting in the death of a part of the heart muscle due to inadequate blood supply to the required area.|
|Major Bone Marrow/Organ Transplant||Undergoing of transplant of -
|Permanent Limb Paralysis||Irreversible and complete loss of usage of two or more limbs due to disease or injury to either the spinal cord or brain. This condition must not be present for over 3 months.|
|Kidney Failure that requires regular dialysis||Final stage renal disorder that is presented as a chronic failure of both kidneys that is irreversible.|
|Stroke resulting in permanent symptoms||A cerebrovascular that produces permanent neurological sequelae. This also includes thrombosis in intracranial vessel infarction of brain tissue, embolisation from an extracranial source or haemorrhage.|
|Repair of Heart Valves or Open Heart Replacement||Undergoing of an open-heart valve surgery in order to repair or replace one or more heart valves due to defective or abnormal cardiac valves.|
Benefits or claims will not be entertained in case it is associated with either of the following, either voluntarily or involuntarily:
|Aorta Surgery||Surgery that is performed via minimally invasive techniques or inter-arterial techniques is excluded.|
|Cancer (specified severity)||
|Open Chest CABG||
|First Heart Attack (specified severity)||
|Major Bone Marrow/Organ Transplant||
|Stroke resulting in permanent symptoms||
|Repair of Heart Valves or Open Heart Replacement||Catheter dependent techniques including balloon valvuloplasty/valvotomy.|
|Waiting Period||There will be no amount payable under this rider with respect to critical illness that is diagnosed within a period of 3 months from date of reinstatement or issue of policy.|
|Survival Period||The benefit will be paid only if the policyholder survives for a period of a minimum of 30 days from date of critical illness diagnosis.|
DHFL Pramerica is one of the foremost providers of insurance in the company with a very high claim-settlement ratio. There are a number of other advantages such as hassle-free procurement process, online booking and so on. Riders are an added benefit to every insurance plan as base plans may not provide all the protection and security that the policyholder requires.