MoneyLens / Critical illness & accident
Your lump-sum cover, explained.
Sharavathi CritiCare · Sharavathi Health Insurance Ltd
Illustrative
Critical illness policy · Before buying
Quote 15 Oct
Lump sum
₹15,00,000
on one of 12 illnesses
Illnesses covered from
18 Jan 2027
after 90 days, if bought today
Paid
30 days
after a diagnosis, if the person survives
Early stage
25%
the rest stays for later
₹15,00,000 as a lump sum on diagnosis of one of 12 listed illnesses, paid 30 days after it, for ₹11,200 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 Quote p.1, Quote · CIS p.2, Waiting period · CIS p.2, Survival period · CIS p.2, Early stage benefit
Your numbers, for an estimate
₹1,00,000
12
₹3,00,000
₹0
Under the policy's terms
₹15,00,000from 17 Feb 2027
Cover left after it
₹0the cover ends
Estimate from your numbers
₹15,00,000within this cover
Payable if the insured person survives 30 days after the diagnosis.
| Income while recovering | ₹12,00,000 |
| Costs a health policy doesn't pay | ₹3,00,000 |
| Less critical illness cover already there | ₹0 |
| Estimate | ₹15,00,000 |
Assumptions & limits. As if bought on 20 Oct 2026. 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.