When it comes to insurance, we tend to think more about our family than ourselves, and children being its integral part we try to grab every single chance of securing their future. The FlexiCare Group Insurance Policy - Mediclaim Comprehensive Marriage Benefit for Dependent Children plan offered by Bajaj Finance by collaborating with Manipal Cigna Health Insurance brings you an opportunity to secure your dependent child's future. As per this policy, the dependent child whose age is less than 25 years will get a sum insured cover of Rs. 1,00,000 if the insured person suffers an illness or injury due to an accident that directly results in his/her permanent total or permanent partial disablement. As a result, this insurance policy will help you to take care of the finances of your child who is financially dependent on you. Therefore, the coverage amount can be used for further studies, self-employment, marriage, or for any medical, health, and other expenses of your child.
Plan/Membership Fee Details
|
Premium Including GST (Rs. ) |
Sum Insured (Rs. ) |
|
Rs. 1 lakh |
Rs. 234 |
Eligibility Criteria: Individuals belonging to the age group of 18 to 65 years can apply for this policy.
Plan Validity: Policy/Cover Tenor will be valid for one year.
What's Covered
What's Covered
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1. Comprehensive coverage for dependent child/children
The coverage as specified above shall be paid if the insured person suffers an accident/injury during the policy year resulting in permanent total disablement or permanent partial disablement. The age of the dependent child/children should be below 25 years and he/they should be unmarried on the date of the incident (unless specified otherwise). Financial assistance is provided irrespective of whether or not the child is an insured person under this policy.
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2. Coverage for Minor child
If the dependent child is a minor, the sum insured will be paid to the parent/legal guardian.
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3. Coverage for more than one child/children
The sum insured will be paid fully to the child if only one child is specified under this policy. However, in the case of more than one child, the sum insured will be divided equally among all the eligible children.
Note:
Waiting Period
Waiting period type Waiting Period Initial Waiting Period 30 days Specific Illness Waiting Period 24 months
Waiting Period for specific disease/procedural waiting period
A waiting period from the date of inception that is specified in the policy schedule/insurance certificate shall be considered for any treatments, medical or surgical expenses, or any other complications that have resulted during the course of the treatment. The waiting periods shall be applicable to the following diseases as per the waiting periods mentioned in the policy schedule/insurance certificate:
- a. Cataract,
- b. Hysterectomy for Menorrhagia or Fibromyoma or prolapse of Uterus unless necessitated by malignancy myomectomy for fibroids.
- c. Knee Replacement Surgery (other than caused by an Accident), Non-infectious Arthritis, Gout, Rheumatism, Osteoarthritis and Osteoporosis, Joint Replacement Surgery (other than caused by Accident), Prolapse of Intervertebral discs (other than caused by Accident), all Vertebrae Disorders, including but not limited to Spondylitis, Spondylosis, Spondylolisthesis, Congenital Internal.
- d. Varicose Veins and Varicose Ulcers.
- e. Stones in the urinary uro-genital and biliary systems including calculus diseases.
- f. Benign Prostate Hypertrophy, all types of Hydrocele.
- g. Fissure, Fistula in anus, Piles, all types of Hernia, Pilonidal sinus, Hemorrhoids and any abscess related to the anal region.
- h. Chronic Suppurative Otitis Media (CSOM), Deviated Nasal Septum, Sinusitis and related disorders, Surgery on tonsils/Adenoids, Tympanoplasty and any other benign ear, nose and throat disorder or surgery.
- i. Gastric and duodenal ulcer, any type of Cysts/Nodules/Polyps/internal tumors/ skin tumors, and any type of Breast lumps (unless malignant), Polycystic Ovarian Diseases
- j. Any Surgery of the genito-urinary system unless necessitated by malignancy.
What's not covered?
- Any accident caused due to adventure sports is not covered under this policy.
- If the child/children have a pre-existing illness/medical condition then it is not covered as well.
For list of exclusions, please refer to the policy wordings.
How to apply
1
Click on ‘Apply Now’ button and share your basic details in the online application form.
2
Check and confirm your application by entering the OTP received on your mobile number.
3
Pay the premium via credit/debit card, UPI, mobile wallet, or any other available online payment mode.
4
You will receive the details of your membership via email/whatsapp.
Claim process
- Insurer’s Email: servicesupport@manipalcigna.com
- Insurer’s Toll free number: 1800-102-4462
Contact Us
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 under ManipalCigna FlexiCare Group Insurance Policy, UIN: MCIHLGP20120V011920. Purchase of this product is purely voluntary in nature. BFL does not compel any of its customers to mandatorily purchase any third-party products.”