What are the conditions for grant of critical illness insurance cover?

Rohit Menon, Kochi

Critical illness policy is available for the specific critical illnesses named under the policy. Such policies invariably include diseases like coronary artery surgery, cancer, stroke, and renal failure, among others. Normally, such cover is granted to the proposer whose minimum income from gainful employment
is Rs 2 lakh or more (income tax return is to be submitted as proof). The pre-existing disease exclusion condition applies to this policy. No claims are allowed within 90 days of taking the policy.

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