MoneyLens / Critical illness & accident
Your lump-sum cover, explained.
Sharavathi CritiCare · Sharavathi Health Insurance Ltd
Illustrative
Critical illness policy · Policy held
Policy 1 Aug
Lump sum
₹10,00,000
on one of 12 illnesses
Illnesses covered from
30 Oct 2025
after 90 days
Paid
30 days
after a diagnosis, if the person survives
Early stage
25%
the rest stays for later
₹10,00,000 as a lump sum on diagnosis of one of 12 listed illnesses, paid 30 days after it, for ₹19,400 a year. 2 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
What Myra found for you
From your documents · each figure opens its findingAt risk
If it happens: scenarios, not added together
Six questions, answered
Tap an answer for the detail01What's in this check
- PolicySharavathi CritiCare
- InsurerSharavathi Health Insurance Ltd
- KindCritical illness policy
- People insuredYou (44), Spouse (41)
- This policy year1 Aug 2026 to 31 Jul 2027
- DocumentsPolicy schedule · Customer Information Sheet
02In short
₹10,00,000 as a lump sum on diagnosis of one of 12 listed illnesses, paid 30 days after it, for ₹19,400 a year. 2 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 heldCritical illness
₹10,00,000
Critical illness policy
Premium
₹19,400
a year
Covered from
30 Oct 2025
90-day wait
Survival period
30 days
after diagnosis
04Important 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 30-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.
Coming up
31 Jul 2027
the policy renews
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