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Laxmi Diamond penetrates Delhi with Cygnus range
NEW DELHI: With the purchasing power of the average Indian on the rise, luxury good sellers are making a beeline for the country. The latest one is jewellery brand Cygnus which was launched by Laxmi Diamond Group.
The company claims to be the country’s second largest manufacturer and exporter of polished diamonds. Cygnus is a constellation of stars, which takes the shape of a swan. The collection was unveiled by Laxmi Diamond chairman Vasant Bhai Gajera and Miss India Nikita Anand.
An official release informs that the range, consisting of rings, pendants, earrings, bracelets, neckwear, bangles and designer wear, designed to appeal to Indian women, is sure to make a fashion statement.
To mark the launch, Laxmi Diamond Group organised a fashion show Reach out to the Stars which had models Anand, Mehr Basin, Indrani Das Gupta, Ayesha and Sampada displaying the range of jewellery.
Gajera said, ““Cygnus is the culmination of our 30 years experience in the diamond industry. Each piece of the Cygnus range is exquisitely crafted and designed to appeal to the contemporary Indian woman. What would also make this collection irresistible is the great value for money proposition of the brand.”
The release adds that the Cygnus brand of unique and authentically certified jewellery has been crafted in 18 karat gold and uses the finest diamonds, polished in state-of-the-art facilities.
The range, priced between Rs 1,000 and Rs 30, 000 will be originally marketed through lifestyle stores, traditional jewellers and exclusive franchise outlets.
Cygnus claims to offer a range for everyone – from new born babies to brides – and for every occasion. It primarily targets women in the age group of 18-30. The range also offers a variety of gift options that are hard to choose from.
Cygnus CEO Shekhar Wadke said, “We have endeavoured to present to the highly-spirited, energetic women of today a range of fine diamond jewellery that is a blend of style, design and functionality. In other words, it is a range suitable for all and every occasion.”
MAM
What Is a Critical Illness Rider? Meaning, Features and Benefits
When you buy a health insurance policy, you usually focus on hospital bills and treatment costs. But serious illnesses don’t just affect your medical expenses: they disrupt your income, lifestyle and long-term plans. That’s where a Critical Illness Rider becomes relevant. It works as an additional layer of financial protection when you are diagnosed with a major illness.
Instead of reimbursing hospital bills, this rider offers a lump-sum payout you can use as needed. Understanding its mechanism helps you decide if your coverage is truly complete.
What is a Critical Illness Rider?
It is an add-on benefit attached to your existing health insurance policy. It provides a fixed lump sum amount if you are diagnosed with any illness listed under the rider. You become eligible for a payout solely on the basis of diagnosis, not by hospitalisation or treatment expenses.
Unlike regular coverage, you are not required to submit medical bills to claim this benefit. Once the diagnosed illness meets the policy definition and criteria, the insurer releases the amount. This makes it different from standard critical health insurance plans, which are standalone policies rather than add-ons.
How a Critical Illness Rider Works
When you opt for this rider, you choose a predefined sum assured. If you are diagnosed with a covered illness, the insurer pays the full amount in one lump sum. The payout can be used for treatment, recovery, income replacement, debt repayment, or even lifestyle adjustments.
Most riders specify a waiting period and a survival period. The waiting period means the illness must be diagnosed after a certain number of days from the policy start date. The survival period requires you to survive for a specific number of days after diagnosis for the claim to be valid.
Key Features of a Critical Illness Rider
Here are some of the key features of a critical illness rider:
Lump Sum Benefit
The most important feature is the lump sum payout. You are not restricted to medical usage. This flexibility allows you to handle non-medical costs that often arise during long-term illness.
Coverage for Major Illnesses
Critical Illness Riders usually cover life-altering conditions such as cancer, heart attack, stroke, kidney failure and major organ transplants. The exact list varies across insurers, so reviewing covered conditions is essential.
One-Time Claim Structure
In most cases, once a claim is paid, the rider terminates. This is because it is designed to address high-impact illnesses rather than recurring medical needs.
Affordable Premium
Since it is an add-on, the premium is lower than that of standalone critical health insurance plans. This makes it a cost-effective way to enhance your existing health insurance policy.
No Hospitalisation Requirement
You don’t need to be hospitalised to receive the benefit. Diagnosis alone is enough to avail the benefits. But ensure that all the policy conditions are met.
Income Protection Support
During critical illness, loss of income can be more damaging than medical bills. The rider helps bridge this gap by offering financial stability when you need it most.
Who Should Consider a Critical Illness Rider
If you have dependents, loans or limited savings, this rider adds meaningful protection. It is also relevant if your employer-provided health insurance policy focuses mainly on hospitalisation and lacks income replacement support.
Conclusion
A Critical Illness rider strengthens your health insurance policy by covering financial gaps that regular medical coverage often ignores. It gives you control, flexibility and immediate support during serious health events. Before choosing one, review the list of covered illnesses, waiting periods and claim conditions carefully. When structured correctly, this rider can protect not just your health expenses but also your financial stability during challenging times.






