Group Critical Illness Cover

Provides employees with lump sum benefits upon diagnosis of specified critical illnesses, offering financial support and peace of mind

Financial Protection Against Life-Threatening Illnesses
Group Critical Illness Cover is a specialized insurance policy providing a lump sum benefit to employees upon the diagnosis of specified critical illnesses. This cover offers financial support during serious health conditions, helping employees manage high costs associated with critical illnesses and ensuring peace of mind.
Financial Security
Enhanced Employee Benefits
Tax Benefits
What is covered under Group Critical Illness Cover?

Specified Critical Illnesses

Includes major illnesses like cancer, heart attack, stroke, kidney failure, major organ transplant, and multiple sclerosis.

Lump Sum Benefit

One-time payment upon diagnosis of a covered critical illness, regardless of actual medical expenses incurred.

Extended Coverage

Additional critical illnesses and conditions may be covered, depending on the insurer.

Waiting Period

A specified waiting period (e.g., 30 to 90 days) must be completed before coverage becomes effective.

Survival Period

The insured must survive for a certain period (e.g., 30 days) after diagnosis to claim the benefit.

Medical Documentation

Diagnosis must be confirmed by a certified medical practitioner, with relevant medical reports and documentation provided.

Critical Illnesses Typically Covered
Common critical illnesses covered under group policies
Heart Attack (Myocardial Infarction)
Stroke
Cancer (all stages)
Kidney Failure requiring dialysis
Major Organ Transplant
Multiple Sclerosis
Coronary Artery Bypass Surgery
Blindness
Paralysis
Alzheimer's Disease
Lung Disease requiring oxygen therapy
Motor Neuron Disease
What are the exclusions under Group Critical Illness Cover?
Common exclusions that apply to critical illness policies
Pre-existing medical conditions known at policy inception
Self-inflicted injuries or suicide attempts
Illnesses caused by alcohol or drug abuse
War, terrorism, or nuclear contamination related illnesses
Genetic disorders or congenital conditions
Non-disclosure of material facts during policy application
Claims arising during the waiting period
Conditions not meeting the policy's definition of critical illness
Why companies should take Group Critical Illness Cover for their employees?
Assess Employee Needs - Understand the specific health risks and needs of your workforce
Choose Comprehensive Coverage - Select a policy covering a wide range of critical illnesses
Communicate Clearly - Ensure employees understand coverage details and claim process
Regularly Review and Update - Periodically review policy to ensure it meets employee needs
Competitive Advantage - Attract and retain top talent with comprehensive health benefits
Employee Loyalty - Build stronger employee relationships through health security
Benefits of Group Critical Illness Cover

Financial Security

Provides significant financial support during serious health crises, helping manage high treatment costs and related expenses.

Enhanced Employee Benefits

Improves the overall benefits package, making the company more attractive to current and prospective employees.

Employee Well-being

Demonstrates the company's commitment to employee health, boosting morale and job satisfaction.

Tax Benefits

Premiums paid for Group Critical Illness policies are usually tax-deductible as a business expense.

Peace of Mind

Provides employees and their families with financial security during challenging health situations.

Policy Coverage Comparison
Compare different levels of Group Critical Illness Coverage
FeatureBasic PlanComprehensive PlanPremium Plan
Coverage Scope15-20 Critical Illnesses30+ Critical Illnesses50+ Critical Illnesses + Additional Benefits
Sum Insured Options₹1-5 Lakhs₹5-25 Lakhs₹25 Lakhs - ₹1 Crore
Waiting Period90 Days60 Days30 Days
Survival Period30 Days30 Days15-30 Days
Family CoverageEmployee OnlyEmployee + SpouseEmployee + Family
Additional BenefitsBasic CoverageHealth Check-upsHealth Check-ups + Wellness Programs
Who can buy Group Critical Illness Cover?
Corporate Organizations - Private and public companies of all sizes
Manufacturing Units - Industrial and production facilities
Educational Institutions - Schools, colleges, and universities
Healthcare Organizations - Hospitals and medical facilities
Professional Associations - Trade unions and professional bodies
Government Organizations - Public sector undertakings and departments
Claims Process for Group Critical Illness Cover

Immediate Notification

Notify the insurer immediately upon diagnosis of critical illness.

Medical Documentation

Gather all required medical reports, test results, and diagnosis confirmation.

Claim Assessment

Insurer reviews medical documentation and verifies the diagnosis.

Benefit Payout

Upon approval, lump sum benefit is paid to the employee.
Key Benefits Summary
Financial Security - Significant financial support during serious health crises to manage high treatment costs
Enhanced Employee Benefits - Improves overall benefits package making company more attractive to employees
Tax Benefits - Premiums paid for Group Critical Illness policies are usually tax-deductible as business expense
FAQs over Group Critical Illness Cover
Common queries about Group Critical Illness Cover

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