Policy provides a lump sum amount to the insured on the diagnosis of a specific critical illness or on undergoing of certain procedures. It does not cover the actual cost of treatment but pays only the lump sum amount agreed irrespective of whether that amount had been incurred or not. Policy is available as a stand-alone product or as riders to life and non-life policies or as a component of a packaged health insurance product. They provide for high sum insured limits ranging up to several million rupees of lump sum payouts. Some of these policies have a disease specific variant, for example, the Cancer Insurance Policy provides protection only in the case of Cancer and not for other critical illnesses. These policies are priced attractively for a high amount of coverage and are on indemnity basis and not as a lump sum payout. Some of the critical illness indemnity products reimburse certain costs due to critical illnesses rather than providing a lump sum payout and are therefore priced lower than other such products.