Universal Sompo Aapat Suraksha Bima Policy

Policy Benefits

• A lump sum amount is payable on the first time diagnosis of any one of the 5 critical illnesses, including (Paralytic Stoke, Cancer, End Stage Renal Failure, Coronary Artery Disease & Major Organ Transplant).
• Personal accident cover is available under this plan. Accidental death is covered up to 100% of the capital sum insured. Bodily injury resulting to permanent total disability is covered up to a specified percentage of capital sum insured.

Value Added Benefits

• Premiums paid in this plan get the tax exemption /s 80D of IT Act 1961.
• Option to enhance the sum insured at the renewal, upon underwrite’s approval.
• Portability benefit is available.
• Enjoy lifelong Renewability and stay covered for the entire life.
• Quick claim Settlement.

Sub Limits

• No co-pay/cost sharing is applicable for this plan.
• Loss of sight of one eye & Physical separation of or use of ability to use one hand or one foot is covered up to 50% of the capital sum insured. Other permanent total disablement is covered up to 100% of the capital sum insured.

Waiting Period Clause

• Initial Waiting Period: 90 day waiting period for any claims is applicable from the commencement of the policy.
• Survival Waiting Period: Benefit under this plan is payable after 30 days of survival period post the diagnosis of the critical illness.
• Pre Existing Waiting Period: Pre-existing diseases are covered after 48 months of continuous policy coverage. This exclusion is applicable in case of critical illnesses.