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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.

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:

Step 1 :

Choose your policy insured amount

Step 2 :

Provide your personal and medical details

Step 3 :

Go for the pre-policy medical examination

Step 4 :

Renew the policy annually

Congratulations! You have a pre-approved personal loan/top-up offer.