Your lump-sum cover, explained.
What Myra found for you
From your documents · each figure opens its findingSix questions, answered
Tap an answer for the detail01What's in this check
- PolicyPench Shield Plus
- InsurerPench General Insurance Ltd
- KindCritical illness and accident policy
- People insuredYou (47)
- This policy year15 Jun 2026 to 14 Jun 2027
- DocumentsPolicy schedule · Customer Information Sheet
02In short
₹10,00,000 as a lump sum on diagnosis of one of 6 listed illnesses, paid 15 days after it; ₹25,00,000 for accidental death or permanent total disability, for ₹13,600 a year. 1 of the illnesses use the insurer's own definitions. It pays a fixed amount, not hospital bills; the insurer decides each claim against the policy's definitions.
03Key numbers
Policy held04Important findings
Most important first · tap to expandTell the insurer as soon as the illness is diagnosed or the accident happens; the claim usually needs the diagnosis reports (or police and medical reports for an accident) and the policy number. A critical illness claim is paid after the 15-day survival period. If late, interest at the bank rate + 2%. A rejection needs the insurer's claims review committee, with the reasons in writing.
08What Myra could not verify
0Nothing essential is missing.
09Suggested questions
05What you're committing to
- A premium every year, renewed without a break
- Everything disclosed in the proposal: health, habits, occupation
- Tell the insurer as soon as an illness is diagnosed or an accident happens
06What can change
- PremiumAt renewal, by age band and the insurer's revision
- CoverCritical illness cover ends once paid in full
- RulesIRDAI's, by the policy's dates
07Getting out
- Free look30 days from receiving the policy
- Not renewingThe cover and the waiting-period credit end
- PortingAsk the new insurer whether it gives credit