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ICICI Prudential |
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Diabetes Care Plus |
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Diabetes Care Plus is the first insurance policy that covers critical illness and death for pre-diabetics and type 2 diabetics. The policy had been introduced by Prudential ICICI Life Insurance Co. Ltd. |
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Eligibility |
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Entry age: minimum – 25 years; maximum – 60 years; for people who are pre-diabetic or type 2 diabetic (those with adult diabetes or impaired glucose tolerance) |
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Sum assured options available are: Rs.3 lacs, Rs.5 lacs, or Rs.10 lacs. |
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Policy term: is for a fixed duration of 5 years |
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Benefit payment |
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A lump sum amount is paid on either diagnosis of the any one of the following six dreaded diseases, or death of the life assured. |
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1. Heart Attack |
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2. Coronary Artery Bypass Graft |
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3. Cancer |
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4. Stroke |
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5. Kidney Failure / End stage renal disease |
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6. Major organ transplant for the recipient |
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Enhanced benefit rider |
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The diabetic people can enroll for a rider that will offer an additional payout of 10 percent of the basic sum assured in the event of: |
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1. LASER treatment for diabetic retinopathy |
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2. Limb Amputation |
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These treatments / surgeries being carried out and resulting due to complications arising because of diabetes, are subject to the conditions imposed under the policy. |
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The Sum Assured will be paid as per the below table: |
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Time of Diagnosis |
Benefit amount applicable under basic cover |
Rider benefit amount |
First 6 months of the policy |
Returns of the premiums paid till date |
Return of the rider premiums paid till date |
6 to 12 months |
50% of the sum assured* |
50% of the rider sum assured |
After 1 year |
100% of the sum assured* |
100% of the rider sum assured |
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* Claim is payable only on survival for 28 days from the date of the diagnosis of the critical illness |
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‘Wellness program’ |
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The plan provides the assured the provision of three diagnostic checks (in the 4th, 8th and 12th month every policy year) and one consultation every year, absolutely free. This facility will be available with the network of the empanelled diagnostic centres and doctors. |
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The collection of blood samples for testing from the home of the policy holder / assured has also been provided under the plan. |
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Premium reduction |
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The premium payable under the plan can be reduced (from 5% to a maximum of 35% of the 1st year’s basic premium) on maintenance of good health by the assured, as confirmed by the periodic health check-ups. The Diabetes Control Index includes factors such as HbA1c, blood pressure, lipids and weight that determine the extent of the good health as applicable to the 3 age brackets defined under the index. |
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The reduction will be applicable for the premium payable in the next year of the year of maintaining good health. |
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Assistance via internet |
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The insurance company shall be providing the following assistance to the assured, as the web support initiative, under this policy. |
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- Monitoring of Diabetes through an Index
- Tracking of the medical results
- Locating a doctor or a gymnasium near the assured
- Posting of a query to the doctor
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Tax Benefit |
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The premium payable under the plan is eligible for deduction under Section 80C of the Income Tax Act 1961. |
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