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
Prefilled from your documents · edit freely
A diagnosis: what the policy's terms pay, and when
Prefilled from Policy p.1, Schedule · CIS p.2, Waiting period · CIS p.2, Survival period · CIS p.2, Early stage benefit
Your numbers, for an estimate
₹1,25,000
12
₹4,00,000
₹0
Under the policy's terms
₹10,00,000from 19 Nov 2026
Cover left after it
₹0the cover ends
Estimate from your numbers
₹19,00,000₹9,00,000 above this cover
Payable if the insured person survives 30 days after the diagnosis.
| Income while recovering | ₹15,00,000 |
| Costs a health policy doesn't pay | ₹4,00,000 |
| Less critical illness cover already there | ₹0 |
| Estimate | ₹19,00,000 |
Assumptions & limits. Insured without a break since 1 Aug 2025. The diagnosis meets the policy's definition of the illness (IRDAI's standard wording where the policy uses it); the insurer decides that on a real claim. 90-day waiting period, 30-day survival period, 36 months for a pre-existing condition, early stage 25%. The estimate below is from your own numbers, not a recommendation.