Not every illness and disease calls for an insurance plan. Even if they need one, a general health insurance policy would suffice. However, those plans will not be enough for anyone diagnosed with a Critical Illness. Such diseases are more severe than others. Therefore, they need the best insurance in Uae to cover such illnesses. In this post, we will share everything about the Critical Guard Plan from Orient Insurance.
With this blog, you will be able to know the terms, benefits, and key features of this plan. This insurance policy takes care of the medical expenses of a person who is identified with any one of the 37 Critical illnesses listed in the plan.
Why do you need the Critical Guard Plan?
Just like any other term insurance in Uae, the Critical Guard Plan secures the financial stability of the family when a person contracts any one of the diseases classified as critical. They would cover the costs of treatment but this medical insurance does more than that. It will provide a lump sum to the insured that will compensate for the loss of income because of this illness.
This Critical Guard insurance policy will pay in cash to help the person cover their medical expenses, which are generally higher than ordinary illnesses. Now let us see the key features and the terms of this plan.
Key features of the Critical Guard Plan
This policy is considered to be one of the best life insurance in Uae because of its features.
- This policy covers 37 illnesses that are classified as severe or critical.
- If a person is diagnosed with any one of the Critical Illnesses covered under the plan, a lump sum will be paid to the insured after twenty-eight days of the diagnosis.
- The plan is valid throughout the world. Therefore, this is no doubt the best term insurance for Nri
- The enrollment process is hassle-free as it does not require any medicals.
Terms of the Critical Guard Plan
Following are the eligibility and the terms of this policy:
- The minimum age of the policyholder must be at least 20 years at the date of entry while the maximum age limit for entry stands at 55 years.
- This policy has a minimum plan term of ten years with guaranteed renewal every year until the age of 60. The premium payment term is the same as the plan term.
- The lowest sum assured in this Critical Guard Plan is AED 100,000 and the maximum sum assured is at AED 350,000. This amount will be paid to the insured after 28 days of their diagnosis with any Critical illness covered under the plan.
- A waiting period of 90 days from the date of issuance applies to this policy. Only after this prescribed period, the plan will come into effect.
- One of the major benefits of this plan is its worldwide coverage. The policyholder is not limited to a particular country to be secured under this Critical illness plan.
This blog post has outlined the key features of the Critical Illness Plan offered by Orient Insurance. It is very prudent to take insurance that will ensure financial stability and provide much-needed support to a person diagnosed with a Critical Illness. To learn more about this policy and to make better investment plans in Dubai, reach out to Life Insurance Bazaar.
