Page 19 - Life Insurance Today January 2018

20% of Basic Sum assured for policy term 18 years once during the policy term with no ex-
tra cost. This provision for all or either of
10% of Basic Sum assured for policy term 20 years
the options of Medical Second Opinion
d) Inbuilt Critical Illness Benefit: is subject to availability of the facility and
I. Benefit: arrangement made by the Corporation
On first diagnosis of any one of the 15 critical
and as intimated in this regard. The de-
illnesses as mentioned below, provided the
tails of same shall be furnished to the
policy is inforce on the date of diagnosis by policyholder along with the policy docu-
payment of all premiums due under the ment.
policy, the following benefits/ facilities shall
be available: II. Conditions and restrictions under Inbuilt
i) Lumpsum Benefit: Inbuilt Critical Illness Critical Illness Benefit:
Benefit equal to 10% of Basic Sum (A) Inbuilt Critical Illness benefit will be
Assured shall be payable provided the payable only after the Corporation is
satisfied on the basis of available medical
claim is admissible.
evidence that the specified illness has
ii) Option to defer the payment of occurred. However, in some illnesses
premium(s): When a claim under inbuilt covered under this benefit, a specific
Critical Illness Benefit is admitted, life deferment period applies to establish
assured will have an option to defer the permanence of the illness covered.
payment of premiums falling due within
2 years from the date of admission of (B) This benefit shall be payable only once
during the currency of the policy. Under
Critical Illness claim under the policy
a paid-up policy proportionate benefit
(including rider premiums). The
deferment of premiums shall be allowed amount shall be payable as mentioned in
Para 9 below.
for a period of 2 years from the date of
admission of Critical Illness claim and (C) The list and definitions of the 15 Critical
subsequent premiums, if any, shall be Illness conditions covered under this
payable on their due dates. No interest benefit:
shall be charged from the life assured for 1. Cancer of Specified Severity:
deferred premiums within the period of
such deferment . During this period, if I. A malignant tumor characterized by the
any due premium(s) are not paid, and uncontrolled growth and spread of malignant cells
any of the benefits payable under the with invasion and destruction of normal tissues.
base policy and/or rider(s) become due, This diagnosis must be supported by histological
the applicable benefit(s) shall be payable evidence of malignancy. The term cancer includes
as under an inforce policy after the leukaemia, lymphoma and sarcoma.
deduction of all the premiums due under II. The following are excluded -
the policy. i. All tumors which are histologically described
iii) Medical Second Opinion: The policy- as carcinoma in situ, benign, premalignant,
holder will have facility of taking Medi- borderline malignant, low malignant
cal Second Opinion, through the avail- potential, neoplasm of unknown behavior, or
able healthcare providers, internationally non-invasive, including but not limited to:
or through reputed hospitals in India or Carcinoma in situ of breasts, Cervical
through specialist doctors available in dysplasia CIN-1, CIN -2 and CIN-3.
different places depending on the ar- ii. Any non-melanoma skin carcinoma unless
rangement in this regard by the Corpo- there is evidence of metastases to lymph
ration. This facility shall be available only nodes or beyond;

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Life Insurance Today January 2018 19

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