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.
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Aid for critical diseases
Get a lump sum payment if diagnosed with a critical illness stated in the policy.
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10 critical diseases covered
The policy covers 10 critical illnesses, including first heart attack and major organ transplantation.
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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.
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Flexibility of usage
Use the policy amount for treatment, lifestyle changes, donor expenses, or for a treatment abroad.
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Easy claim procedure
Settle the claims in an easy manner with in-house claim procedures.
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Get aid after diagnosis
Get the policy amount after the disease is diagnosed and the insured person survives 30 days after the diagnosis.
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Affordable premium
Pay an affordable premium amount to avoid the burden of unforeseen medical expenses.
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Lifetime renewals
The policy is payable annually and under normal circumstances, lifetime renewal benefit is available.
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Tax benefits
Get tax exemption on premium paid for the policy under Section 80D of Income Tax Act.
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Month-long grace period
Get a grace period of 30 days to renew the policy, medical expenses are not admissible during this period.
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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:
Choose your policy insured amount
Provide your personal and medical details
Go for the pre-policy medical examination
Renew the policy annually
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