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ABSLI CritiShield Plan
A Traditional Non - Participating Health Insurance Plan

In today's time Cardiac and Renal illnesses are on rise due to eating habits, change in life style and everyday stress. Aditya Birla Sun Life Insurance Co. Ltd. introduces Aditya Birla Sun Life Insurance CritiShield Plan that protects your savings and lifestyle against sudden higher expenses from heart & kidney ailments. These diseases demands more money than hospital bills, so therefore the lumpsum amount from ABSLI CritiShield Plan protects you and your loved ones from any adversity.

How does your plan work

  • STEP 1: Choose your Sum Assured, Plan Benefit and Plan Option
  • STEP 2: Choose your Policy Term
  • STEP 3: Choose the Income Benefit Option
  • STEP 4: Fill Application Form and Pay Premiums

Key Features

  • Covers all stages of cardiac conditions and renal conditions
  • Option to choose coverage for cardiac conditions or renal conditions or both the conditions
  • Option to choose Level or Increasing Cover
  • Option to receive Monthly Income for 5 policy years on diagnosis of major stage conditions
  • Waiver of Premium for 5 years on diagnosis of early stage conditions
  • Early Stage Cardiac Condition - On diagnosis of an early stage cardiac condition, we will pay 30% of the sum assured on cardiac illness.

  • Major Stage Cardiac Condition - At the major stage of a cardiac condition, we will pay 100% of the sum assured on cardiac illness less any previously paid claim for an early stage cardiac condition.

    The only illnesses covered under this plan benefit are cardiac conditions.
  • Early Stage Renal Condition - On diagnosis of an early stage renal condition, we will pay 30% of the sum assured on renal illness

  • Major Stage Renal Condition - At the major stage of a renal condition, we will pay 100% of the sum assured on renal illness less any previously paid claim for an early stage renal condition

    The only illnesses covered under this plan benefit are renal conditions.
  • Early Stage Cardiac Condition - On diagnosis of an early stage cardiac condition, we will pay 30%

  • Early Stage Renal Condition - On diagnosis of an early stage renal condition, we will pay 30%

  • Major Stage Cardiac Condition - At the major stage of a cardiac condition, we will pay 100% of the sum assured on cardiac illness less any previously paid claim for an early stage cardiac

  • Major Stage Renal Condition - At the major stage of a renal condition, we will pay 100% of the sum assured on renal illness less any previously paid claim for an early stage renal condition. This plan benefit covers both cardiac & renal conditions and is paid irrespective of any earlier claim paid

Once a valid claim under the Early Stage Cardiac Condition or an Early Stage Renal Condition is approved, all the future premiums for the policy will be waived starting from the next premium due date following the date of diagnosis of the Early Stage Cardiac or Early Stage Renal Condition as may be applicable for lower of (a) the next 5 years or (b) balance policy term.

Under Comprehensive Benefit option, in case of a valid Early Stage claim being approved for one covered conditions, all the total future premiums for the policy will be waived, starting from the next premium due date following the date of diagnosis of such Early Stage condition, for lower of (a) the next 5 years or (b) balance policy term or c) the date when a valid Early Stage claim is approved for the second covered condition. If the second valid Early Stage claim is approved (viz. claim for Early Stage Cardiac Condition following claim for Early Stage Renal Condition or vice versa), the existing premium waiver will cease and new premium waiver shall commence, starting from the next premium due date following the date of diagnosis of the second Early Stage condition, for lower of (a) the next 5 years or (b) balance policy term.

After the completion of the premium waiver period and provided the policy is not yet terminated as per condition mentioned below in the termination clause, you will have to resume the payment of the future installment premiums as per the premium amount payable at inception of the policy, from the next premium due date.

For Comprehensive Benefit option, the total installment premiums payable after the premium waiver period will be reduced by the installment premium payable at inception, for the illness for which the claim for Major Stage condition has already been admitted during the premium waiver period.

You will have an option to choose this benefit at policy inception only and once chosen cannot be opted out. Under the income benefit option, a monthly income equivalent to 1% of the sum assured on cardiac illness and / or renal illness would be paid out once a claim for a major stage cardiac and / or renal condition has been admitted, depending upon the plan benefit chosen.

For comprehensive benefit, Payment of cardiac condition benefit will not impact the benefit paid under renal conditions and vice versa.

Entry Age 18 – 55 years
Maturity Age or Cover Ceasing Age 75 years
Policy Term Minimum - 5 Years / Maximum - 20 Years
Premium Paying Term Regular Pay
Premium Paying Mode Annual | Semi-Annual | Quarterly | Monthly
Sum Assured
Minimum - Rs.10 Lakhs / Maximum - Rs.50 Lakhs
Let us take an example:

Mr. Arun, aged 35 years works for an MNC in Delhi and lives with his parents and wife. He has mediclaim and also wishes to avail this plan. He selects a Comprehensive Benefit Plan with Level Sum Assured and Income Benefit option and initial sum assured of Rs.25,00,000 and pays a premium of Rs.14,675 (exclusive of GST) annually for a policy term of 20 years.

Scenario 1 - If Arun is diagnosed with Early Stage of Cardiac / Renal either of any in 6th policy year but survives the rest of policy term without being diagnosed with any Major Stage of Cardiac / Renal, the sum assured will be Rs.25,00,000. He will receive Rs.7,50,000 (30% of Sum Assured on Early stage of either Cardiac / Renal) which can be utilized for medication expenses etc. and premium will be waived off till the 11th policy year. From the 12th policy year, the premiums will be paid by Arun and the coverage for Major Stage of Cardiac and Renal will continue until the policy terminates.



Scenario 2 - If Arun is diagnosed with Major stage of Cardiac in 9th policy year, the benefits paid will be Rs.25,00,000 (100% of Sum Assured) and Rs.25,000 (Income benefit of 1% on Sum Assured on illness shall be paid monthly for next 5 years) and the policy continues for renal benefits. This can be utilized for treatment purpose and family's regular expenses.


Scenario 3 -If Arun is diagnosed with early stage of cardiac in the 3rd policy year, he will receive 30% of SA on cardiac illness i.e. Rs.7,50,000 and waiver of premium for next 5 Years. If he is diagnosed with early renal in the 10th policy year he will receive 30% of SA on renal illness i.e. Rs.7,50,000 and a waiver of premium for next 5 years.

If Arun is diagnosed with major cardiac in the 16th policy year he will receive 70% of SA on cardiac illness i.e. Rs.17,50,000 and income benefit of 1% of SA every month i.e. 25,000 for 5 years and his future premiums will be reduced. If he is diagnosed with major renal in the 18th policy year he will receive 70% of SA on renal illness i.e. Rs.17,50,000 with income benefit of 1% of SA every month i.e. Rs.25,000 for 5 years and then the policy ends.

Please click here to Download product brochure
Please click here to download policy contract
Disclaimer

This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a traditional non participating health insurance plan. All terms & conditions are guaranteed throughout the policy term. GST and any other applicable taxes will be added (extra) to your premium and levied as per extant tax laws. This leaflet contains only the salient features of the plan. For more details on risk factors, terms & conditions, please refer to the sales brochure before concluding the sale. Tax benefits are subject to changes in the tax laws. For more details and clarification call your ABSLI Insurance Advisor or visit our website and see how we can help in making your dreams come true. Aditya Birla Sun Life Insurance Company Limited (Formerly Birla Sun Life Insurance Company Limited) Registered Office: One Indiabulls Centre Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013. IRDAI reg no.109 CIN: U99999MH2000PLC128110 ADV/3/17-18/1980 VER1/MAR/2018

UIN: 109N104V01