MoneyLens / Critical illness & accident
Your lump-sum cover, explained.
Pench Shield Plus · Pench General Insurance Ltd
Illustrative
Critical illness and accident policy · Policy held
Policy 15 Jun
Lump sum
₹10,00,000
on one of 6 illnesses
Illnesses covered from
13 Sep 2026
after 90 days
Paid
15 days
after a diagnosis, if the person survives
Accident cover
₹25,00,000
total disability 50%
₹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.
Myra's most important observations
People insured
- You, 47—
Shown by relationship and age.
Cover
- KindCritical illness and accident policy
- Critical illness lump sum₹10,00,000
- Accident sum insured₹25,00,000
- Premium₹13,600
- This policy year15 Jun 2026 – 14 Jun 2027
- Waiting period90 days
- Survival period15 days
- Cover ends after a full claimYes
Illnesses covered
5 standard · 1 the insurer's own- Cancer of Specified SeverityIRDAI standard
- Myocardial InfarctionIRDAI standard
- Stroke resulting in permanent symptomsIRDAI standard
- Kidney Failure requiring regular dialysisIRDAI standard
- Major Organ TransplantIRDAI standard
- Coronary artery disease requiring stentInsurer's own
A standard definition sets the severity that counts; for the insurer's own, the policy wording decides.
Accident benefits
- Accidental death100% · ₹25,00,000
- Permanent total disability50% · ₹12,50,000
- Partial disabilityNo table shown
- Weeks off workNot covered
Everything Myra read
14 terms| Term | Value | Source |
|---|---|---|
| Product name | Pench Shield Plus | Policy p.1 |
| Kind of policy | Critical illness and accident | Policy p.1 |
| Sum insured | ₹10,00,000 | Policy p.1, Schedule |
| Accident sum insured | ₹25,00,000 | Policy p.1, Schedule |
| Premium, a year | ₹13,600 | Policy p.1, Premium |
| Policy start date | 15 Jun 2026 | Policy p.1, Period of insurance |
| Policy end date | 14 Jun 2027 | Policy p.1, Period of insurance |
| Insured without a break since | 15 Jun 2026 | Policy p.1 |
| Cover ends after a claim | Yes | CIS p.2, Termination |
| Waiting period | 90 days | CIS p.2, Waiting period |
| Survival period | 15 days | CIS p.2, Survival period |
| Accidental death | 100% | CIS p.3, Accidental death |
| Permanent total disability | 50% | CIS p.3, Permanent total disablement |
| Partial disability table | No | CIS p.3, Permanent partial disablement |