Financial Planning
Health and Wellness
2024-05-14 5 Min read
0
An increase in awareness about health and wellness has brought a major change in how people perceive health insurance. Once considered a hefty expense meant only for the rich and the elderly, health insurance today is nothing less than a basic necessity. Investing in a suitable health insurance policy is now required more than ever.
If you are planning to invest in a health insurance policy or want to enhance your existing coverage, then considering SUD Smart Health Care can be a prudent idea. SUD Smart Health Care is a critical illness plan that offers coverage for specific events. Read on to learn all about the plan and how it can help you in case life takes an unforeseen twist.
About SUD Smart Health Care
SUD Smart Health Care plan is a comprehensive health insurance policy that is designed to protect your finances from the crisis of unexpected medical emergencies. The plan offers a lump sum payout upon diagnosis of critical illnesses like heart conditions, cancer, and kidney ailments. SUD Smart Health Care plan offers cover that is tailored to your individual needs. In addition, the plan includes tax benefits under Section 80D of the Income Tax Act, as well as premium waivers for minor critical illnesses. The plan ensures that you can focus on your recovery while SUD takes care of your medical bills.
Let us explore the various benefits that the SUD Smart Health Care plan can offer you:
1.Secure your family
Life is unpredictable. Secure your family’s financial future by protecting them from the financial burden of a medical crisis. The SUD Smart Health Care plan offers financial security in case of unforeseen medical conditions.
2.3 options to choose coverage
The plan provides three comprehensive coverage options tailored to your needs. This covers major and minor stages of critical illnesses that involve cancer, heart, kidney, and liver. These are divided into three major plans:
● Cancer Cover
● Heart, Cancer, Liver and Kidney Cover
● Heart Cover.
3.Premium waivers can be very helpful
If you are diagnosed with a minor critical illness, you can take advantage of a premium waiver for 3 policy years. This feature can greatly reduce your financial and mental burden.
4.You get top-notch coverage
The SUD Smart Health Care plan provides pre-decided coverage depending on the severity of the illness. Regardless of the expenses incurred, the policy ensures that you receive the necessary financial support during critical times. You don’t have to worry about the high expenses incurred during treatment.
5.Minor and major critical illnesses are covered
SUD Smart Health Care plan offers coverage for minor as well as major medical conditions.
a.The payout for a major critical illness: Complete sum insured minus minor claims already paid
b.The payout for a minor critical illness: 25% of the sum insured
6.Critical illnesses are rising, you need extra coverage
India is seeing a significant increase in critical illnesses. According to a 2020 ICMR (Indian Council of Medical Research)1 report, critical illnesses will continue to increase, thus leading to a massive mortality rate. Hence, it is essential to protect your loved ones from such illnesses and have a financial shield in place at times of need.
7.Compensates for insufficient existing coverage
Treatment for a critical illness goes beyond hospitalisation. Your regular health insurance plan might not be adequate to cover the expenses that come with critical illnesses. With the SUD Smart Health Care plan, you can have comprehensive coverage for a wide range of medical conditions that cover critical illness.
8.Tax benefits are an added advantage
You get to save on taxes besides securing your health. Under Section 80D of the Income Tax Act 1961, you can avail of tax benefits with the SUD Smart Health Care plan.
9.Simple and hassle-free claim settlement
The claim settlement process is easy and transparent. Enjoy timely assistance with the financial support you need without unnecessary complications or delays.
10.There is flexibility in premium payment
You can choose a premium mode that best suits your budget. Choose the sum insured and policy term that suits your requirements.
11.Securing your future becomes easier
Investing in the Smart Health Care plan is an affordable way to secure your future. While you may not be able to avert an illness, you can stay financially stable without draining all of your hard-earned money.
Let us explore the various benefits that the SUD Smart Health Care plan can offer you:
1.Secure your family
Life is unpredictable. Secure your family’s financial future by protecting them from the financial burden of a medical crisis. The SUD Smart Health Care plan offers financial security in case of unforeseen medical conditions.
2.3 options to choose coverage
The plan provides three comprehensive coverage options tailored to your needs. This covers major and minor stages of critical illnesses that involve cancer, heart, kidney, and liver. These are divided into three major plans:
● Cancer Cover
● Heart, Cancer, Liver and Kidney Cover
● Heart Cover.
3.Premium waivers can be very helpful
If you are diagnosed with a minor critical illness, you can take advantage of a premium waiver for 3 policy years. This feature can greatly reduce your financial and mental burden.
4.You get top-notch coverage
The SUD Smart Health Care plan provides pre-decided coverage depending on the severity of the illness. Regardless of the expenses incurred, the policy ensures that you receive the necessary financial support during critical times. You don’t have to worry about the high expenses incurred during treatment.
5.Minor and major critical illnesses are covered
SUD Smart Health Care plan offers coverage for minor as well as major medical conditions.
a.The payout for a major critical illness: Complete sum insured minus minor claims already paid
b.The payout for a minor critical illness: 25% of the sum insured
6.Critical illnesses are rising, you need extra coverage
India is seeing a significant increase in critical illnesses. According to a 2020 ICMR (Indian Council of Medical Research)1 report, critical illnesses will continue to increase, thus leading to a massive mortality rate. Hence, it is essential to protect your loved ones from such illnesses and have a financial shield in place at times of need.
7.Compensates for insufficient existing coverage
Treatment for a critical illness goes beyond hospitalisation. Your regular health insurance plan might not be adequate to cover the expenses that come with critical illnesses. With the SUD Smart Health Care plan, you can have comprehensive coverage for a wide range of medical conditions that cover critical illness.
8.Tax benefits are an added advantage
You get to save on taxes besides securing your health. Under Section 80D of the Income Tax Act 1961, you can avail of tax benefits with the SUD Smart Health Care plan.
9.Simple and hassle-free claim settlement
The claim settlement process is easy and transparent. Enjoy timely assistance with the financial support you need without unnecessary complications or delays.
10.There is flexibility in premium payment
You can choose a premium mode that best suits your budget. Choose the sum insured and policy term that suits your requirements.
11.Securing your future becomes easier
Investing in the Smart Health Care plan is an affordable way to secure your future. While you may not be able to avert an illness, you can stay financially stable without draining all of your hard-earned money.
Conclusion
In conclusion, SUD Smart Health Care is more than insurance. By protecting your finances and ensuring the financial security of your family, SUD offers a lifeline in uncertain times. Invest in a Smart Health Care plan today to save your family from financial ruin during the medical crisis.
(Reference: SUD LIFE SMART HEALTHCARE UIN: 142N089V01)
(Reference: SUD LIFE SMART HEALTHCARE UIN: 142N089V01)
Reference
Disclaimer
Star Union Dai-ichi Life Insurance Company Limited is the name of the Insurance Company and “SUD Life Smart Healthcare” is the name of the plan. Neither the name of the Insurance Company nor the name of the plan in any way indicates the quality of the plan, its future prospects or returns
SUD Life Smart Healthcare | UIN: 142N088V01 | A Non-Linked Non-Participating Pure Risk Premium Individual Life Insurance Plan Star Union Dai-ichi Life Insurance Company Limited |IRDAI Regn. No: 142 | CIN: U66010MH2007PLC174472
Registered Office: 11th Floor, Vishwaroop I.T. Park, Plot No. 34, 35 & 38, Sector 30A of IIP, Vashi, Navi Mumbai – 400 703 | Contact No: +91 22 7196 6200 | 1800 266 8833 (Toll Free) | Timing: 9:00 am – 7:00 pm (Mon – Sat)| Email ID: customercare@sudlife.in | Visit: www.sudlife.in | For more details on risk factors, terms and conditions, please refer to the sales brochure carefully, before concluding the sale. |Trade-logo displayed belongs to M/s Bank of India, M/s Union Bank of India and M/s Dai-ichi Life International Holdings LLC and are being used by Star Union Dai-ichi Life Insurance Co. Ltd. under license.
SUD Life Smart Healthcare | UIN: 142N088V01 | A Non-Linked Non-Participating Pure Risk Premium Individual Life Insurance Plan Star Union Dai-ichi Life Insurance Company Limited |IRDAI Regn. No: 142 | CIN: U66010MH2007PLC174472
Registered Office: 11th Floor, Vishwaroop I.T. Park, Plot No. 34, 35 & 38, Sector 30A of IIP, Vashi, Navi Mumbai – 400 703 | Contact No: +91 22 7196 6200 | 1800 266 8833 (Toll Free) | Timing: 9:00 am – 7:00 pm (Mon – Sat)| Email ID: customercare@sudlife.in | Visit: www.sudlife.in | For more details on risk factors, terms and conditions, please refer to the sales brochure carefully, before concluding the sale. |Trade-logo displayed belongs to M/s Bank of India, M/s Union Bank of India and M/s Dai-ichi Life International Holdings LLC and are being used by Star Union Dai-ichi Life Insurance Co. Ltd. under license.
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