ICICI iprotect Term insurance with coverage for 34 critical illnesses
I'm considering buying ICICI Prudential iprotect Term insurance with coverage for 34 critical illnesses. This is a link to the product: https://www.iciciprulife.com/term-insurance-plans/iprotect-smart-term-insurance-calculator.html
For my age, they require me to pay a premium of 93000 per year for a coverage of 1 crore rupees. while the premium is very high, the compelling highlight of the product is that I get paid 1 crore rupee as soon as I am diagnosed with one of the 34 critical illnesses covered by this insurance. Apart from this they also promise to pay an amount of 83000 per month for 10 years after the death of the insured.
They claim a payout percentage of 97%+
While I fully trust ICICI and HDFC as organizations, could there be pitfalls that I could be blind to?