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.
Disclaimer - *Conditions apply. This product is offered under the Group Insurance scheme wherein Bajaj Finance Limited is the Master policyholder. The insurance coverage is provided by our partner Insurance Company. Bajaj Finance Limited does not underwrite the risk. IRDAI Corporate Agency Registration Number CA0101. The above mentioned benefits and premium amount are subject to various factors such as age of insured, lifestyle habits, health, etc (if applicable). BFL does NOT hold any responsibility for the issuance, quality, serviceability, maintenance and any claims post sale. This product provides insurance coverage. Purchase of this product is purely voluntary in nature. BFL does not compel any of its customers to mandatorily purchase any third party products.”
-
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:
Choose your policy insured amount
Provide your personal and medical details
Go for the pre-policy medical examination
Renew the policy annually
All you need to know about personal loan from Bajaj Finserv
