Shriram Life Critical Illness Woman Rider
Shriram Life Critical Illness Woman Rider
Shriram Life Critical Illness Woman Rider
A Non-Linked Non-Participating Health Individual Pure Risk Premium Rider
UIN: 128B032V01
You are the backbone of your family, keeping everything together with love and strength. Juggling family, work, and social life often leaves little time for yourself. While others’ health may come first, remember that your own well-being is crucial, it is the foundation that supports everything you do. As a woman, your health and well-being are invaluable, but life's unexpected challenges can sometimes disrupt even the most carefully laid plans. This rider is specifically designed to offer comprehensive coverage to women during some of life’s most critical moments. We understand that women face distinct health risks throughout their lives, and this rider ensures you have the financial support you need to navigate these challenges with confidence. Whether you are dealing with a serious illness, complications during pregnancy, or supporting your new-born through congenital conditions, we are here to safeguard your health and secure your future. With this rider attached, you can have peace that comes from knowing that you are protected, no matter what challenges lie ahead. We will help you focus on what matters most—your health.
- Comprehensive coverage against Female Specific Critical Illnesses and Other Critical Illnesses
- Lump sum pay-out on diagnosis of any of the covered critical illnesses
- Additional benefit of maternity wellness cover against Pregnancy Complications or Birth of child with congenital disorder
- Premium remains guaranteed throughout the coverage term
Benefits under the Rider*
The Rider provides following two types of insurance cover options:
1. Base Cover - Cover against Female Specific Critical Illnesses and other Critical illnesses
2. Additional Benefit - Maternity Wellness Coverage – Additional benefit cover against Pregnancy Complications or Birth of child with congenital disorder
Base Cover- Cover against Female Specific Critical Illnesses and other Critical illnesses
This option provides coverage against Female Specific Critical Illnesses and Other Critical Illnesses.
It can be opted on any policy anniversary during the base policy tenure.
The benefit will be payable only upon first occurrence of any of the conditions covered under this benefit during the lifetime of the Life Insured.
For minor and major stage claims, any previously paid critical Illness claims under the policy would be subtracted from the payout amount.
In case, if policyholder gets diagnosed with minor CI first then, 25% of sum assured will be paid and the policy will further continue for remaining sum assured.
Once a Minor Stage CI claim is paid, no payment for any future claims under the Minor Stage of the same CI would be admissible. Same CI means same histological type and/ or same organ. Organs which are in pairs are considered as one for this purpose. Multiple minor stage claims would, however, be admissible.
Additional Benefit - Maternity Wellness (PC & BCCD )Coverage
At the time of commencement of the policy, you have an option of availing the Maternity Wellness Coverage, which will provide coverage against Pregnancy Complications or Birth of child with congenital disorder (PC&BCCD), can be opted along with the base cover of the rider.
The premium for this optional benefit has to be paid additionally over and above base cover rider premium.
Policy term for PC&BCCD option can be less than or equal to the policy term chosen for the base option.
The PC&BCCD sum assured chosen can be between Rs.10,000 to Rs.2,50,000, but can not be more than 20% of rider Sum Assured.
Once the additional PC&BCCD sum assured is paid during the term of the option, this option will terminate automatically.
This option will terminate automatically on payment of claim, or at the end of chosen policy term or at age 45, whichever is earlier. The policy will continue for the remaining Critical Illness Sum assured as usual, if not utilized completely till the end of the rider term.
The PC&BCCD benefit will be payable only once and can be opted only at the time of inception only.
Rider Eligibility
Age at Entry# | Minimum: 18 years |
|---|---|
Age at Maturity# | Minimum: 23 years |
Policy Tenure | Regular Pay: 5 to 40 years |
Premium Paying Term | Regular Pay - Same as Policy Term |
Premium Payment Mode | Single, Yearly, Half-Yearly, Quarterly and Monthly |
Sum Assured | Minimum: Rs. 50,000$ Base Cover for CI – Rs. 40,000 if Maternity cover is opted Rs. 50,000 if maternity cover is not opted Maternity Wellness Coverage – Rs. 10,000 Maximum: Rs.25,00,000,subject to Board approved underwriting policy |
Note: The sum assured under the rider (ie base cover for CI plus and maternity wellness coverage if opted) shall not exceed the sum assured under the base policy. The maternity cover shall not exceed 20% of the rider sum assured # All references to age in the table are as on age as on last birthday GST is applicable on premiums as per the prevailing Tax Laws. The tax laws are subject to amendments from time to time.
Download Documents for Shriram Life Critical Illness Woman Rider
The policy documents of the Shriram Life Critical Illness Woman Rider are available online on the website of Shriram Life. You can visit www.shriramlife.com and go to the rider product page. On the page, you can download the brochure or policy document of the rider for your use. The online process is fast and convenient and gets you the necessary documents.