Critical illness insurance

1
What is Critical Illness Insurance

• It is insurance that pays a lump-sum benefit at
  the diagnosis of a covered condition
• According to the 2012 National Critical Illness
  Insurance Buyer Study some 29 percent of male
  buyers and 31 percent of female buyers purchased
  benefit levels of Rs-10,000 or less .Fewer than
  one in 10 male buyers (9) and only eight percent
  of female buyers purchased over Rs-50,000 in
  protection..

2
Critical Illness Facts and Figures

• Men have slightly less than a 1 in 2 lifetime
  risk of developing cancer for women the risk
  is a little more than 1 in 3
• About 780,000 INDIANS will have a stroke this
  year thats someone every 40 seconds
• About 1,200,000 heart attacks will occur this
  year 64 are new attacks and 36 are recurrent
  attacks. An additional 175,000 silent heart
  attacks are estimated to take place every year.

3
Western Southern Lifes Critical Illness
Insurance Policy 

• Pays you 100 of the maximum benefit amount in a
  lump-sum upon diagnosis of one of the following
  conditions (as defined in the policy)
• Life Threatening Cancer (Subject to Special
  Limitations set forth if first diagnosed within
  90 days after the policy date or date of last
  reinstatement. Heart Attack (Myocardial
  Infarction)End Stage Renal Failure Major Organ
  Transplant

4
Renewal
This Policy will automatically terminate at the
end of the Policy Period and we are under no
obligation to give intimation in this behalf. In
the event that we receive an application for
renewal, we may renew the Policy on the terms as
to premium and otherwise as offered by us at that
point in time. In respect of all applications for
renewal received by Us before the end of the
Policy Period, subject to the afore stated, We
will ordinarily offer renewal terms unless We
believe that You or the Insured Person or anyone
acting on Your behalf or on behalf of an Insured
Person has acted in a dishonest or fraudulent
manner under or in relation to this Policy or the
renewal of the Policy poses a moral hazard. We
shall in all cases be entitled to call for and
receive any information or documentation before
agreeing to renew the Policy. We will provide a
grace period of 15 days for renewing the policy.
If policy is renewed within 15 days from the due
date of renewal, the policy cover will be
considered continuous in terms of continuity
benefits such as waiting periods and coverage of
pre-existing diseases. To avoid any confusion any
claim incurred during break-in period will not be
payable under this policy. The policy shall lapse
after the expiration of the grace periodWe may
vary the renewal premium payable with the
approval of the IRDA.
5
Critical Illness Insurance Provides Choices

• Pay off debts, mortgage, etc
• Move to a less stressful job
• Work fewer hours
• Take a leave of absence 

6
The Choice Is Yours

• Critical Illness Insurance provides
• Benefit Amounts paid in a lump-sum
• Benefit is paid income-tax free
• Financial flexibility
• Sense of control over your life 
• Money at time of need, when you need it most 
• Money for you, not your beneficiary 

7
Dispute Resolution Clause
Any and all disputes or differences under or in
relation to this Policy shall be determined by
the Indian Courts and subject to Indian law. If
any dispute or difference shall arise as to the
quantum to be paid under this policy (liability
being otherwise admitted) such difference shall
independently of all other questions be referred
to the decision of a sole arbitrator to be
appointed in writing jointly by You and Us or if
we cannot agree upon a single arbitrator to be
appointed within 30 days of any party invoking
arbitration, the same shall be referred to a
panel of three arbitrators, comprising of two
arbitrators, one to be appointed by You and Us
respectively and the third arbitrator to be
appointed by the two arbitrators, which
arbitration shall be conducted under and in
accordance with the provisions of the Arbitration
and Conciliation Act , 1996, as amended from time
to time and for the time being in force.It is
clearly agreed and understood that no difference
or dispute shall be referable to arbitration as
hereinbefore provide, if We have disputed
liability under or in respect of this Policy. It
is hereby expressly stipulated and declared that
it shall be a condition precedent to any right of
action or suit upon this policy that the award by
such arbitrators of the amount of the loss or
damage shall be first obtained.
8
Contact
Phone Num 09034315151 Email info_at_quickbima.com
 Website https//www.quickbima.com/https//ww
w.quickbima.com/health-insurance/compare-surgery-c
ritical-illness-insurance