Bajaj Allianz Critical Illness Policy

Critical illness is defined as a life-threatening medical condition under which the insurance company is liable to pay a lump sum amount to the insured person for medical treatment cost, which is much higher than other illnesses. Have a look at the policy benefits details below:

 

Bajaj Allianz Health Insurance at a Glance:

Key Features

Highlights

Network Hospitals

6000+

Incurred Claim Ratio

77.61

Renewability

Lifelong

Waiting Period

4 years

Bajaj Allianz Critical Illness Plan

This is a benefit policy that covers 10 listed critical illnesses and a lump sum amount is paid upon the diagnosis.

Coverage Benefits under this Policy

Illnesses covered under this Plan are given below:

The plan offers critical illness cover for 10 major life-threatening conditions and the payment is paid in lump sum:

  • First Heart Attack
  • Cancer
  • Stroke
  • Organ Transplantation
  • Aorta Graft Surgery
  • Permanent Limb Paralysis
  • Multiple Sclerosis 
  • Coronary Artery Bypass Surgery
  • Kidney Failure
  • Primary Pulmonary Arterial Hypertension

The policy is available for duration of 1-year, 2-years, and 3-years.

The sum insured amount that is available in this policy are: For insured members within the age group of 6years to 60 years.

For individuals between the age group of 61 years and 65 years the sum insured options range from Rs 1 lakh to Rs 50 lakh.

Loading of 10% to 150% is applicable in adverse conditions.

Bajaj Allianz Critical Illness Plan for Women

Features and Benefits of Women-Specific Critical Illness Plan:

  • This policy is for women between the age group of 21 years and 65 years can buy this policy
  • The policy offers lifetime renewal benefit
  • Sum insured options ranging from Rs 50,000 to Rs 2 lakh
  • A grace period of 30 days is provided at the time of renewal
  • Tax Benefits under Section 80 D of the Income Tax Act are offered

Coverage Provided in Bajaj Allianz Women Specific Critical Illness Plan

  • Critical Illness Cover
  • Inbuilt-add on covers
  • Congenital disability cover 
  • Employment loss covers (voluntary resignation not covered)
  • Children education bonus

The policy offers 100% of sum insured for the following critical illnesses:

  • Breast Cancer
  • Uterine/Cervical Cancer
  • Ovarian Cancer
  • Fallopian Tube Cancer
  • Vaginal Cancer
  • Paralysis of Limbs
  • Burns
  • Multi-trauma

Additional Coverage Benefits of this Plan

1. Covers Congenital Disabilities-:

If a child is born with any one or more of the congenital diseases as listed below, Bajaj Allianz will recompense the amount equal to 50% of the sum assured. 30 days of survival period from the date of diagnosis is required to be eligible to claim. It is applicable only if the age of the insured is 40 year and covers only the first two children.

Congenital disorders covered:

  • Congenital cyanotic heart disease
  • Down's syndrome
  • Cleft Palate with or without cleft lip
  • Tracheoesophageal fistula
  • Spina bifida

2. Children Education Bonus:

Any claim arising from the critical illnesses that are listed in the plan, the insurer will provide Children's Education Bonus up to Rs. 25,000 will be provided for their future education. This benefit is valid only up to 2 children. 

3.Loss of Employment:

While undergoing treatment of any of the listed critical illnesses (listed in the policy wordings), if the insured loses a job within a span of 3 months from the date of diagnosis. Coverage up to Rs. 25000 is provided for the same. 

  • Pregnant women are not eligible to buy this plan. However, after 3 months of delivery, you can buy this plan. 
  • The cost of medical tests need to be borne by the proposer

For more details regarding this plan or health insurance for critical illness you can speak to our customer care team at 1800-208-8787 or email us at This email address is being protected from spambots. You need JavaScript enabled to view it..

Written By: PolicyBazaar - Updated: 15 April 2021
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.

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