Bajaj Allianz Critical Illness Health Insurance Plan

Bajaj Allianz Critical Illness Health Insurance Plan Oveview:

Critical illness plan insures you against the risk of serious illness in the same way as you insure your car and your house so that you don’t feel helpless in times of exigency.  In case of occurrence of the unexpected event, this plan will assuage your pains by providing you with the security of guaranteed cash amount.

Key features of Bajaj Allianz Critical Illness Health Insurance Policy:

• Wide range of product availability from 6 to 65 years.
• Rs. 100000/- to Rs. 5000000/- sum insured for age group of 6 yrs. to 60 yrs.
• Rs. 100000/- to Rs. 500000/- sum insured for age group of 61 yrs. to 65 yrs.
• Medical examination is not mandatory except in few cases considering the age and amount guaranty asked for.
• Best-in-class premium rates.
• In-house Heath Administration team for single window clearance and faster claim settlements.

Benefits of Bajaj Allianz Critical Illness Health Insurance Plan:

• Hassle-free amount disbursement once the insured survives 30 day post the diagnosis of the specified critical disease.
• Amount is disbursed in “lump sum” so that the insured can get the treatment done as per his/her discretion.
• Expenses like donor expenses, lifestyle changes, or a planned treatment outside India in a transplant surgery can be paid out by the “lump sum” amounts which areusually uncovered in other health plans.
• Exemption of Premium paid under section 80D of the Income Tax Act.

Bajaj Allianz Critical Illness Health Insurance Premium Details:

                                                                                                                                                                *All values are in Rs.

*The above premium rates may vary. Please check the policy wordings for more information.

Bajaj Allianz Critical Illness Health Insurance Policy Details

Illness Covered:

Covers 10 major critical diseases namely-

• Cancer
• Coronary Artery Bypass Surgery
• First Heart Attack (Myocardial Infarction
• Kidney Failure
• Major Organ Transplant
• Stroke
• Aorta Graft Surgery
• Primary Pulmonary Arterial Hypertension
• Multiple Sclerosis with Persisting Symptoms
• Permanent Paralysis of Limbs

Exclusions in Bajaj Allianz Critical Illness Health Insurance Policy:

• Any disease that is manifested or diagnosed before getting the insurance.
• Diagnosis of any critical disease in the first 90 days of getting the cover.

For more detailed information please contact the nearest office or refer to the company’s website.

Free look-in period

If unsatisfied with policy coverage, terms and conditions, you have the option to cancel the policy within 15 days of receipt of first policy documents, provided no claim is taken in that period.

Grace Period

30 days waiting is permissible in case of renewal and the Policy will be considered as continuous for that purpose.

Portability/Withdrawal

Portability/Withdrawal is permissible as per the guidelines issued by the IRDA.

Renewal Age

Lifetime renewal benefit is available under the policy under normal circumstances except on the grounds of fraud, misrepresentation or moral hazard or upon the occurrence of an event of Critical Illness.

Documents Required

To buy the policy, fill up an ‘Application form/ proposal form’ and submit it along with the address proof. Medical examination may be required in some cases, based on the sum assured and the age of the person.