Critical illness covers typically provide lump sum benefit following the first diagnosis of any of the named critical illness. The benefits obtained from these covers can be used to manage any of the expenses as per the beneficiary’s discretion. Universal Sompo’s Critical Illness Insurance Policy is one such cover that provides benefits against various life-threatening health ailments that could wipe you an individual’s life savings. This policy comes with a lot of flexible options, and it is ideal for people looking for health insurance coverage at an affordable price.
People who meet the following eligibility criteria can avail coverage under Universal Sompo Critical Illness Insurance Policy:
This policy comes with the following list of features:
The benefits available under Universal Sompo Critical Illness Insurance Policy can be given as follows:
|Benefits||Extent of Coverage|
|First diagnosis of critical illness||Lump sum payment of full sum insured amount|
|Critical illnesses covered||Cancer of specified severity Multiple sclerosis with persisting symptoms First heart attack of specified severity Open chest coronary artery bypass grafting Motor neuron disease with permanent symptoms Coma of specified severity Major organ/bone marrow transplant Kidney failure requiring dialysis Stroke resulting in permanent symptoms|
Exclusions of Universal Sompo Critical Illness Insurance Policy
Some of the exclusions applicable to Universal Sompo Critical Illness Insurance Policy can be given as follows:
Following the diagnosis of any of the named critical illness, the company must be notified with immediate effect. The customer service department can be contacted and notified of a claim. After the notification of the claim, the following documents must be submitted within a maximum of 30 days:
Once the claim documents are submitted, the company will verify the validity of the claim. Acceptance or rejection of the claim will be communicated to the insured within a maximum of 30 days. If the claim is accepted, the company will provide the settlement amount within 7 days.
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