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:
This is a benefit policy that covers 10 listed critical illnesses and a lump sum amount is paid upon the diagnosis.
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:
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.
Features and Benefits of Women-Specific Critical Illness Plan:
The policy offers 100% of sum insured for the following critical illnesses:
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:
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.
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.