5 Best company for critical illness insurance policy in India

5 Best company for critical illness insurance policy in India

Given the wide range of critical illness plans available in the insurance market these days, it is natural for you to be confused about which one you should choose. To make things a little easier for you, we have first selected 15 top health insurance companies in the market, and among them, we have listed 5 critical illness plans. Let’s learn about them.

5 Best company for critical illness insurance policy in India

Please Note- The premium amount mentioned in the table is for a Sum Assured of Rs.10 Lakhs.

The best company for critical illness insurance policy in India

1- Care Health Insurance Critical Illness Plan

The plan provides treatment cover for 20 critical illnesses in the policy. 

The policy includes a host of features such as in-patient hospitalization cover, pre and post-hospitalization, organ donor cover, annual health check-up, and OPD cover. This critical illness policy has an initial waiting period of 90 days.

  • cancer 
  • Stroke
  • paralysis
  • multiple sclerosis 
  • myocardial infarction
  • Benign Brain Tumor 
  • Major Burns
  • coma
  • Motor neuron disorder 
  • Parkinson’s disease
  • End-Stage Lung Disease 70 
  • Alzheimer’s Disease
  • Major Organ Transplant 
  • Endstage Liver Disease

Here is a list of some of the diseases covered under the scheme

2- SBI General Insurance Critical Illness Plan

SBI’s Critical Illness cover plan is available in two options- a 1-year plan and a 3-year plan.

This plan covers 13 listed critical illnesses and has a maximum coverage of Rs. The sum assured amount is 50 lakhs. 45

People below the age of one year are not required to undergo any medical test while taking this plan.

The critical diseases covered under this scheme are-

  • Cancer of specific severity
  • Open Chest CABG
  • Acute graft surgery
  • Open heart replacement or repair of heart valves
  • Stroke results in permanent symptoms
  • First heart attack of specified severity
  • Regular dialysis for kidney failure require
  • primary pulmonary arterial hypertension
  • Major organ/bone marrow transplant
  • Multiple sclerosis with persistent symptoms
  • coma of specified severity
  • Total blindness’
  • permanent paralysis of limbs

3- Max Bupa Criticcare Plan

This critical illness plan is launched by Max Bupa and offers lifelong renewal and tax benefits to the policyholder. There is an initial waiting period of 90 days from the commencement of the policy. After which, the plan is liable to pay benefits.

This plan provides coverage against certain critical diseases-

  • Cancer of specified severity 
  • Major organ/bone marrow transplant
  • Open Chest CABG 
  • Third Degree Burns
  • first heart attack  
  • loss of speech
  • Open-heart Replacement / Repair of Heart Valves 
  • plastic anemia
  • Permanent paralysis of limbs 
  • Bacterial meningitis
  • Endstage liver disease 
  • fulminant viral hepatitis
  • Endstage lung disease 
  • Muscular dystrophy
  • comatose 
  • Multiple sclerosis
  • Dialysis 
  • motor neuron disease

4- Manipal Signature Critical Care Plan

This critical illness plan from Manikalshishna comes in two variants. The base coverage for 15 critical illnesses and the Advanced cover provides for 30 critical illnesses are listed in the policy. 

The initial waiting plan period is 90 days, if you are diagnosed with any of the listed diseases, you can avail of the benefit through two modes- lump sum or staggered payment (25% as a lump sum and 75+ in 60 equated monthly installments) 10%).

Here is a list of critical illnesses covered under the scheme:

Basic Plan:

  • Cancer of specific severity 
  • Permanent paralysis of limbs
  • Multiple sclerosis with persistent symptoms
  • Open Chest CABG
  • Open heart replacement or repair of heart valves
  • coma of specified severity
  • Regular dialysis for kidney failure require
  • Primary (idiopathic) pulmonary hypertension
  • Acute graft surgery
  • Deafness
  • loss of vision

5- Reliance General Insurance Critical Illness Plan

This plan is available for two policy periods – 1 year and 3 years. It is coverage against 10 critical illnesses with a waiting period of 30 days after which the insurer can make a claim. 

The plan has a maximum of three types of sum assured options, which vary according to the age of the policyholder. The maximum entry age for buying a sum assured of 5 lakhs in 65 years, for 7 lakhs insurance policy is 60 years and for a sum assured of 10 lakhs in 55 years.

The critical illnesses covered in this plan are as follows:

  • cancer 
  • heart valve replacement or repair
  • Major organ transplant 
  • coma of specified severity
  • multiple sclerosis 
  • coma cardioplegia (without any significant recovery)
  • Post-diagnosis more than 90 days after the third-degree year)
  • Total Blindness
  • Routine dialysis for end-stage renal disease Is required.

Required Documents

  1. Photocopy of a policy document
  2. Discharge Certificates
  3. Hospitalization and Medical Bills
  4. Doctor Report
  5. Documents requested by the company

Bonus Tips

Claim Process

The claim process for Best company for critical illness insurance policy is not that different from standard health insurance. For your convenience, we have summarized the two ways to apply for a claim – Cashless and Reimbursement. Let’s examine them.

Cashless Claim Process:

It is applicable only if you get treated in a network hospital.

  • Inform the insurance company about the hospitalization and submit your health card and photo ID proof at the hospital insurance desk.
  • Fill out the pre-authorization form, and the hospital will share it with the insurance company.
  • Can avail cashless treatment on approval from the company.

Reimbursement Claim Process

Here, the insured must meet all the treatment expenses himself and then apply for reimbursement (in case the cashless request is rejected or the hospitalization is in a non-network hospital).

  • Intimate the insurance provider.
  • Fill out the claim form and submit it to the insurance provider along with the discharge certificate and other required documents.
  • The insurer will verify the claim details, and as soon as everything is checked and sorted, the claim amount is transferred to the registered account.

All the above ” Best company for critical illness insurance policy” have performed very well in providing the cover of critical illness policy for many years, so you can choose any policy for yourself at your convenience, if you have any kind of doubt, then post your comment below.

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