Shriram Life Critical Illness Plus Rider

Critical Illness Cover

The rider pays 100% of the Critical Illness rider sum assured along with loyalty benefit in the event of the life assured being first diagnosed with any of the covered 24 critical illnesses. Thereafter, the rider gets terminated.

Loyalty Benefit

Loyalty benefit will be offered under the rider by way of increments in rider sum assured during the term of the rider provided all the premiums due at the time of loyalty addition are fully paid. At the end of third policy year, the sum assured under the rider will be increased by 15% of initial rider sum assured and the increased rider cover continues till the end of the rider term.

The diseases covered under this rider:

1. Cancer of Specified Severity

2. Myocardial Infarction (First Heart Attack of Specific Severity)

3. Stroke Resulting In Permanent Symptoms

4. Kidney Failure Requiring Regular Dialysis

5. Major Organ /Bone Marrow Transplant

6. Open Chest CABG

7. Permanent Paralysis of Limbs

8. Open Heart Replacement or Repair Of Heart Valves

9. Coma of Specified Severity

10. Multiple Sclerosis with Persisting Symptoms

11. Benign Brain Tumor

12. Blindness

13. Third Degree Burns

14. Alzheimer’s Disease / Irreversible Organic Degenerative Brain

15. End Stage Lung Failure

16. End Stage Liver Failure

17. Surgery of Aorta

18. Motor Neuron Disease with Permanent Symptoms

19. Major Head Trauma

20. Primary (Idiopathic) Pulmonary Hypertension

21. Appalic Syndrome

22. Deafness

23. Loss of Limbs

24. Parkinson’s Disease

*Benefits under the rider are payable only if the base plan is in force. The rider benefit will cease immediately if the base plan is terminated or discontinued. The rider benefit will also cease when a claim is paid. Rates are reviewable on the third anniversary of the original policy’s commencement and every three years thereafter. These changes are subject to IRDAI approval only.