Policy snapshot
A plan that pays a lump sum amount on diagnosis of specified major illnesses, helping manage treatment costs and income gaps.
What is Standard Critical Illness Plan?
A Critical Illness Plan provides a fixed lump sum payout on first diagnosis of specified serious illnesses such as cancer, heart attack or stroke as per policy definitions.
What can it cover?
- Lump sum payout on diagnosis of listed critical illnesses
- Coverage for major life threatening conditions defined in the policy
- Option to take as standalone policy or as rider with life or health cover
Who should consider it?
- Individuals with family history of critical illnesses
- Primary earners who want extra financial cushion beyond health insurance
- People looking to protect long term goals from impact of serious illness
Key features to understand
- Funds can be used flexibly for treatment or household expenses
- Works alongside health insurance and group covers
- Multiple sum insured options to match treatment costs
What deserves attention before you buy?
Coverage, exclusions, sub-limits, deductibles, waiting periods, warranties and underwriting can vary between insurers and policy versions. The policy wording and schedule remain the definitive contract. Novo can help you review the relevant terms for your requirement.
Read the wording, not just the brochure
The schedule and policy wording determine the actual contract.
Compare meaningful differences
Look at exclusions, limits, deductibles, conditions and claim requirements—not premium alone.
Think beyond purchase
Servicing and claims-related support can matter as much as placement.