Universal Sompo Critical Illness Health Insurance
Claim Settlement | Available |
Claim Settlement Ratio | 96% |
In-House Claim Settlement | Available |
Network Hospitals | 4,000+ |
Starting Premium for Rs. 5 lakh Coverage | Rs. 527/month |
Starting Premium for Rs. 5 lakhs SI | Rs. 475/month |
About Universal Sompo Critical Illness Health Insurance
Universal Sompo’s Critical Illness plan is a fixed benefit medical insurance plan which covers critical illnesses. The plan covers a specified list of illnesses and if the insured suffers from any of the covered illness during the coverage term, the sum insured is paid in one lump sum. The payment of sum insured would be irrespective of the actual medical costs incurred by the insured on treating the critical illness suffered.
The plan covers major illnesses and surgical procedures which pose a threat to the policyholder’s finances. The level of sum insured under the plan is also optimal allowing individuals to avail sufficient coverage against the rising cost of treatments of critical illnesses. The premiums are low and affordable and can be further reduced with discounts which are available under the plan.
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Key Inclusions and Exclusions of the Plan
What's Included
- Coverage is available for one, two or three years
- Common critical illnesses like cancer, heart attack, coma, stroke, permanent paralysis of limbs, etc.
- Surgical procedures like open chest CABG, open heart replacement, transplant of major organ, etc.
- 11 critical illnesses and surgical procedures are covered under the plan
- The sum insured level starts at Rs. 2.5 Lakh and goes up to Rs. 20 Lakh
What's Not Included
- Any illness or treatment other than those covered under the plan
- Critical illnesses occurring within the first 90 days of buying the policy
- Pre-existing illnesses are not covered in the waiting period of 48 months
- Cosmetic treatments or elective cosmetic procedures
- Illnesses due to self-inflicted injuries
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Universal Sompo Critical Illness Policy Expert Review
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Major Attractions
This policy by Universal Sompo gets you covered with a specified list of critical illnesses during the policy term. The company may ask any proposed person for the insurance to undergo some specified medical tests for consideration. But if your proposal gets accepted, then 50% of the cost incurred in conducting these tests will be borne by the company.
- A fixed benefit health insurance plan
- Provides cover for 11 critical illnesses
- Policy terms of 1 to 3 years available
- Free look-up period for 15 days
- Portability benefit offered to the potential customers
- Sum insured options ranging from Rs. 2.5 Lakh to Rs. 20 Lakh
- Cover for Surgical procedures including open-chest CABG, open heart replacement, and organ transplant
- Low and affordable premiums available under this plan
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What’s More?
Some other advantages come along on purchasing this plan from Universal Sompo. These are-
- 10% discount if 2 years premium is paid in advance
- 15% discount if 3 years premium is paid in advance
- Tax benefits under Section 80D of the Income Tax Act 1961
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Conclusion
So, that was all about the benefits of getting a Critical Illness Health Insurance plan by Universal Sompo. You can go for this plan even if you already have a health insurance plan.
These days, healthy competition is being witnessed among the health insurance companies, web aggregators and brokers. This makes it essential for you to resort to the best option to buy a plan. To make the right choice, you can shortlist a few from the leading companies in the market that meet your requirement. Soon get in touch with them, compare and get the best deal for yourself and your dear ones.
Claim Process at Universal Sompo Health Insurance
FAQs on Critical Illness Policy Health Insurance Plan
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What are the eligibility criteria of buying the policy?
Policyholders should be resident Indians aged 18 years and above. Coverage can be taken from 5 years of age till 65 years of age.
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Is pre-policy medical check-up required to buy the policy?
Pre-policy medical check-ups would be required if the insured’s age is 55 years or above or if the insured has disclosed about some medical condition in the proposal form and the company wants to find more about such condition.
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Who pays for the pre-policy medical check-ups?
The policyholder would have to bear the cost of pre-policy medical check-ups when applying for the policy. However, if the policy is issued, 50% of the cost of such tests would be reimbursed by the insurance company.
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Is there a survival period for payment of claim?
Yes, the policy specifies a survival period of 30 days after the diagnosis of the covered critical illness. Only when the insured survives this period is the claim payable.