Along with other insurers, AXA has launched it's "multi-pay" critical illness plan.
This plan is made up of 3 main components: Critical Illness Coverage, Diabetes Care Program, and Death Benefit.
Let's look at them individually to see if this plan lives up to its namesake.
Critical Illness Coverage claiming up to 600% of sum assuredThis plan covers Early, Intermediate, Advanced Stage Critical Illness, Special Conditions, and Juvenile Conditions.
To draw the line in the sand, here is the maximum claim limits:
"each" is the keyword here
How it works:
If diagnosed with any of the listed critical illness, 100% of the sum assured will be paid out.
Subsequent claims is where it gets tricky, but here's a clearer sequence:
This plan is the First in market to offer coverage for re-diagnosed cancers, recurrent heart attacks, and stroke AT ANY STAGE.
Other multi-pay CI plans do not cover for re-diagnosed^ cancer, recurrent heart
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