iob_bank_new_gcc

अंतिम अद्यतन तिथि :06/02/2026
नया जीसीसी

Niva Bupa - New Group Critical Care:

M/s Niva Bupa Health Insurance has come up with New Group Critical Care (NGCC), loan linked product providing Critical Illness and Accidental Insurance cover for borrowers in the age group of 18 to 55 Years with policy tenure of 5 years. The product has been formulated with core features of existing Group Critical Care with enhanced features.

The plan intends to cover the borrowers on getting diagnosed with any of the 41 listed critical illnesses and death or disability due to accident. Sum insured will be equal to the amount of loan sanctioned. In the event of borrower getting diagnosed with any of the 41 listed critical illness, or death or disability due to an accident, the outstanding loan amount gets paid to the bank and the remaining amount goes to the family- hence protecting the interests of the bank and the customer.

The features of product are detailed below:

Base Product: Smart Health

Existing Tenure: Loan Linked - Up to 5 Years

Issuance Product: Protect Plus

Policy Tenure

1 Year

Sum Insured

Sum insured will be different for every section and/or subsection/optional benefits.

Entry Age

Adult- 18 years to 55 yrs

Critical Illness Cover

Plan Type

Borrower & Co-borrower

Relationships Covered

Borrower & Co-borrower

Critical Illness Sum Insured (SI)

INR Up to 3 Crore (SI<= Loan Amount)

 

Age

Sum Insured

Age band

18-50 Yrs.

1 Lac - 3 Cr.

51-55 Yrs.

1 Lac - 1 Cr.

Sub Sections

 

Illnesses Covered

41 listed critical illness*

Income Protector

INR 25,000/ month up to 3 months

Premium Waiver

Waiver of premium for each claim free year.
Maximum for a block of 4 years
Loan Tenure 1 Year   ::No Premium Waiver
Loan tenure 2 Year   :Block of 1 Year
Loan tenure 3 year   :Block of 2 year
Loan Tenure of 4 Year   :Block of 3 Year
Loan Tenure of 5 Year   :Block of 4 Year

Pre-Existing Diseases (PED) waiting period

24 Months

Initial waiting period

60 days

Survival Period

Waived for the first diagnosis of Critical Illness

Accidental Cover

Plan Type

Borrower & Co-borrower

Relationships Covered

Borrower & Co-borrower

Accidental Cover Sum Insured (SI)

Equal to Critical Illness Sum Insured

Accidental Death (AD)

100% of Accidental Cover SI

Accidental Permanent Total Disability (PTD)

100% of Accidental Cover SI

Comatose benefit

Deductibles of 3 months up to 40 weeks at the rate of 1% of Accidental Cover SI per week

Air Ambulance for Accidental Injuries

INR 1 lac

Air Accident Death

Up to 2x times of Accidental Cover SI

Education Allowance for children

INR 2.5 Lacs

Premium Waiver

Waiver of premium for each claim free year.
Maximum for a block of 4 years
Loan Tenure 1 Year   :No Premium Waiver
Loan tenure 2 Year   :Block of 1 Year
Loan tenure 3 year   :Block of 2 year
Loan Tenure of 4 Year   :Block of 3 Year
Loan Tenure of 5 Year   :Block of 4 Year

Safeguard
(No impact on Premium Waiver)

Up to 5 admissible claims in a policy year
(not applicable for Accidental Death / Air Accident Death Benefit)

* For Critical Illness Cover
- will cover 3 Critical Illnesses in the life of the insured
- The survival period (as mentioned above) will be applicable for each Critical Illness
- There will be a cooling off period of 3 months (90 days) between two Critical Illness pay-outs (Date of Diagnosis for 1st Critical Illness and Date of Diagnosis for 2nd Critical Illness)
- The Critical Illnesses are grouped in 3 separate groups. The insured would be able to claim one time, per group, with no repeat claims in the same group
- The claim pay-outs will be as per the below grid
- 1st Claim: up to 100% of the Critical Illness Sum Insured
- 2nd Claim: up to 25% of Critical Illness Sum Insured, maximum up to INR 50 Lacs
- 3rd Claim: up to 15% of Critical Illness Sum Insured, maximum up to INR 25 Lacs
- The insured will have to pay the premium on Renewal to continue the policy post a claim is paid.

Income Protector - in the event of Insured Person losing his/her job due to Critical illness, mentioned in the Policy Schedule / Certificate of Insurance, the insurance company will pay Rs. 25000/- PM for a period of 3 months in addition to the critical illness Sum Insured, and the amount up to the limit and/or number of months as specified in the policy schedule/certificate of insurance as income to the insured person. This benefit is subject to a claim being accepted under Section 3.6.1 (Critical Illness Cover) for the insured person.

List of 41 critical illness: 

The policy offers coverage for the following 41 critical illness. In case of diagnosis of this critical illness, the Sum Insured (SI) will be paid to Bank/Nominee as per the terms & conditions of policy:

Sr. No. Group 1

1

Cancer of Specified Severity

2

Kidney Failure requiring Regular Dialysis

3

Major Organ /Bone Marrow Transplant

4

Benign Brain Tumour

5

End Stage Lung Failure

6

End Stage Liver Failure

7

Fulminant Viral Hepatitis

8

Aplastic Anaemia

9

Pneumonectomy

10

Progressive Scleroderma

11

Systematic lupus Erythematosus with Renal Involvement

12

Medullary Cystic Kidney Disease

13

Nephrotic Syndrome/glomerulonephritis

 

Group 2

14

Myocardial Infarction

15

Open Chest CABG

16

Open Heart Replacement or Repair of Heart Valves

17

Bacterial Meningitis

18

Primary (Idiopathic) Pulmonary Hypertension

19

Abdominal Aortic Aneurysm

20

Apallic Syndrome

21

Aortic Dissection

22

Severe Rheumatoid Arthritis

23

Uterine Rupture

24

Uterine inversion

25

Pituitary apoplexy in pregnancy

26

Cardiomyopathy including Peripartum and postpartum

 

Group 3

27

Coma of Specified Severity

28

Stroke resulting in Permanent Symptoms

29

Permanent Paralysis of Limbs

30

Motor Neuron Disease with Permanent Symptoms

31

Multiple Sclerosis with Persisting Symptoms

32

Blindness

33

Deafness

34

Loss of Speech

35

Loss of Limbs

36

Major Head Trauma

37

Third Degree Burns

38

Muscular Dystrophy

39

Loss of independent existence

40

Parkinson's Disease

41

Alzheimer's Disease

Premium Chart

Age Band/Term Without GST Rates for GCC+GPA with 0 Days Survival Period

1

2

3

4

5

18 - 25

0.99

1.82

2.62

3.38

4.10

26 - 30

1.38

2.56

3.72

4.82

5.85

31 - 35

1.76

3.49

5.34

7.21

9.04

36 - 40

3.29

6.38

9.58

12.76

15.81

41 - 45

5.21

9.99

15.00

20.09

25.19

46 - 50

9.88

18.57

27.82

37.69

48.32

51 - 55

20.91

39.68

58.97

78.20

97.13

Key Benefits: 

Premium Waiver Benefit:

In case of no claim, the insurance company will offer complete waiver of renewal premium. The waiver will be applicable for a block of years (say 5 years). Post which the consumer will have to pay the premium as per your plan and waiver will again be applicable as per the mentioned block of years. 

Safeguard Benefit:

In case of availing Premium Waiver benefit with safeguard, then if the claim is for up to count of claims in a policy year, there will be no impact on the Premium waiver benefit.

Critical Illness Cover:

In the present GCC scheme, the policy lapses once a claim is paid out for any critical illness. Under the revised New GCC, the customer would be able to claim a total of 3 times in the life of the policy. This would give additional financial coverage to the consumer from unexpected medical emergencies.

The new Group critical care product will supersede the existing Group Critical care product. Hence borrowers will be able to avail the benefits under the new GCC scheme only.