Common use of Critical Illness Benefit Clause in Contracts

Critical Illness Benefit. On first ever diagnosis of any one of the eligible Critical Illness as mentioned in Appendix A, subject to the other terms of this Rider, the Company shall pay the Rider Sum Assured as mentioned in the Base Policy Schedule or the Rider Endorsement Letter to the Rider to the Eligible Person. However, the Critical Illness Benefit shall not be paid under the following three conditions: 4.1.1. Any Critical Illness diagnosed during the Waiting Period. 4.1.2. Death of the Eligible Person occurring within Survival Period. 4.1.3. Occurrence of conditions mentioned under the Exclusions set out in clause 5 of this Rider. In the event of Critical Illness during the Grace Period the Critical Illness Benefit shall be paid after deducting the balance premiums (if any) due for that Policy Year.

Critical Illness Benefit. On first ever diagnosis of any one of the eligible Critical Illness as mentioned in Appendix A, subject to the other terms of this Rider, the Company shall pay the Rider Sum Assured as mentioned in the Base Policy Schedule or the Rider Endorsement Letter to the Rider to the Eligible Person. However, the Critical Illness Benefit shall not be paid under the following three conditions: 4.1.1. Any Critical Illness diagnosed during the Waiting Period. 4.1.2. Death of the Eligible Person occurring within Survival Period. 4.1.3. Occurrence of conditions mentioned under the Exclusions set out in clause 5 of this Rider. In the event of Critical Illness during the Grace Period the Critical Illness Benefit shall be paid after deducting the balance premiums (if any) due for Base Policy and Rider Policy for that Policy Year.