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Bajaj Allianz Critical Illness Insurance

Features and Benefits

Bajaj Allianz’s Critical Illness Policy covers the financial burden due to a critical illness with a lump sum payment of up to Rs.50 lakh.

  • Aid for critical diseases

    Get a lump sum payment if diagnosed with a critical illness stated in the policy.

  • 10 critical diseases covered

    The policy covers 10 critical illnesses, including first heart attack and major organ transplantation.

  • Cover up to Rs.50 lakh

    Get a sum insured of up to Rs.50 lakh for covering the expenses incurred due to a critical illness.

  • Flexibility of usage

    Use the policy amount for treatment, lifestyle changes, donor expenses, or for a treatment abroad.

  • Easy claim procedure

    Settle the claims in an easy manner with in-house claim procedures.

  • Get aid after diagnosis

    Get the policy amount after the disease is diagnosed and the insured person survives 30 days after the diagnosis.

  • Affordable premium

    Pay an affordable premium amount to avoid the burden of unforeseen medical expenses.

  • Lifetime renewals

    The policy is payable annually and under normal circumstances, lifetime renewal benefit is available.

  • Tax benefits

    Get tax exemption on premium paid for the policy under Section 80D of Income Tax Act.

  • Month-long grace period

    Get a grace period of 30 days to renew the policy, medical expenses are not admissible during this period.

  • Free look period

    If not satisfied with the policy terms, cancel the policy within first 15 days.

Eligibility

Here are the requirements for this policy:

  • The applicant should be between the age of 18 to 65 years.

  • Dependent children should be between 6 to 21 years.

  • Sum Insured of Rs.1 lakh to Rs.50 lakh for 6 to 60 years and Rs.1 lakh to Rs.5 lakh for 61 to 65 years.

How It Works

The Critical Illness Policy is easy to apply and use. Here’s how it functions:

  • 1

    Step 1 :

    Choose your policy insured amount

  • 2

    Step 2 :

    Provide your personal and medical details

  • 3

    Step 3 :

    Go for the pre-policy medical examination

  • 4

    Step 4 :

    Renew the policy annually

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