The question isn’t how beneficial this critical illness rider is – it sounds very beneficial to me. But, how technically restrictive is this? I mean to say – take a look at Aegon Religare’s wordings in this document at http://buyonline.aegonreligare.com/images/AEGON-Religare-WOP-Rider.pdf.
While I’m not a doctor (Ramesh…your inputs would be highly valued since you are one) – the wording sounds too restrictive…almost like a technical book where they’ve said that the sun and moon should align in a particular way and only then we will pass this critical illness claim :).
I might be wrong because I’m a layman as far as high sounding medical terms are concerned. Maybe the terms are all normal. But I got the feeling that if someone has cancer of a specific degree and not of a specific type and so on or if he has a bypass of a particular type only then the claim will be passed. It’s like the exclusions and specifications in the policy wording are so detailed that the insurance company could find a loophole.
Thanks,
Ram.