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
People insured
- Rahul MenonYou, 44 · born 9 Mar 1982Type 2 diabetes
- Divya MenonSpouse, 41 · born 21 Jun 1985—
Myra keeps the names, dates of birth and declared conditions from your policy so it can answer questions about your own cover. They're stored encrypted and shown only to you. Invented names in this sample; in your own report, “Delete my details” removes them.
Cover
- KindCritical illness policy
- Critical illness lump sum₹10,00,000
- Premium₹19,400
- This policy year1 Aug 2026 – 31 Jul 2027
- Waiting period90 days
- Survival period30 days
- Pre-existing diseases36 months
- Early stage25%
- Cover ends after a full claimYes
Illnesses covered
10 standard · 2 the insurer's own- Cancer of Specified SeverityIRDAI standard
- First Heart Attack of specified severityIRDAI standard
- Open Chest CABGIRDAI standard
- Kidney Failure requiring regular dialysisIRDAI standard
- Stroke resulting in permanent symptomsIRDAI standard
- Major Organ / Bone Marrow TransplantIRDAI standard
- Permanent Paralysis of LimbsIRDAI standard
- Multiple Sclerosis with persisting symptomsIRDAI standard
- Benign Brain TumourIRDAI standard
- End Stage Liver FailureIRDAI standard
- Alzheimer's DiseaseInsurer's own
- Parkinson's DiseaseInsurer's own
A standard definition sets the severity that counts; for the insurer's own, the policy wording decides.
Everything Myra read
14 terms| Term | Value | Source |
|---|---|---|
| Product name | Sharavathi CritiCare | Policy p.1 |
| Kind of policy | Critical illness | Policy p.1 |
| Sum insured | ₹10,00,000 | Policy p.1, Schedule |
| Premium, a year | ₹19,400 | Policy p.1, Premium |
| Premium paid | Yearly | Policy p.1 |
| Policy start date | 1 Aug 2026 | Policy p.1, Period of insurance |
| Policy end date | 31 Jul 2027 | Policy p.1, Period of insurance |
| Insured without a break since | 1 Aug 2025 | Policy p.1, Continuous cover since |
| Number of illnesses | 12 | CIS p.2, Critical illnesses covered |
| Early stage paid | 25% | CIS p.2, Early stage benefit |
| Cover ends after a claim | Yes | CIS p.2, Termination |
| Waiting period | 90 days | CIS p.2, Waiting period |
| Survival period | 30 days | CIS p.2, Survival period |
| Waiting period for pre-existing diseases | 36 months | CIS p.2, Pre-existing diseases |