Bajaj Allianz Critical Illness
This is a special insurance policy which covers insured person against 10 major critical illnesses.
Though this policy can be bought by anyone, it is a must for those who have family history of any serious illness.
What does it do?
It pays sum insured in lumpsum on confirmed diagnosis of any of 10 critical illnesses covered under this policy provided the insured survives for 30 days after the diagnosis. It covers cancer, coronary artery bypass surgery, first heart attack (myocardial infarction), kidney failure, major organ transplant, multiple sclerosis, stroke, aorta graft surgery, paralysis and primary pulmonary arterial hypertension.
Premiums paid under this plan qualify for deduction under Section 80D of Income Tax Act.
There is a survival period of 30 days after diagnosis of disease to reap the insurance benefit.
This policy is worth purchasing as it covers most chronic diseases at less price. Considering the rise in number of people contracting such critical diseases, it has become imperative to remain covered against critical illnesses. Anyone can buy this policy but as said earlier, if you have a family history , a critical illness policy is a must.
|Entry Age (years)|
|Coverage Type||Individual cover|
|Sum Insured (Rs)|
|Policy Term (years)||1|
|Tax Benefit||Premium paid is exempt under Section 80D of Income Tact Act|
|Policy Termination||Company can teminate the policy by giving a 7 days writtenn notice to policyholder.Similarly, Policyholder is allowed to terminate the policy at anytime by giving a 7 day written notice. In case no claim has been made under the policy, percentage of premium will be refunded|
|Address||Bajaj Allianz General Insurance Company Limited. GE Plaza, Airport Road, Yerawad, Pune - 411006|
|Mail to||[email protected]|
|Call to||1800 225858(BSNL/ MTNL); 1800 1025858 (Bharti users- mobile/ landline) or 020 30305858|
Additions to the Plan
|Scope of Cover|
|Coronary Artery Bypass Surgery||covered|
|First Heart Attack:- (Myocardial Infarction)||covered|
|Major Organ Transplant||covered|
|Aorta Graft Surgery||covered|
|Primary Pulmonary Arterial Hypertension||covered|
|Exclusions and Waiting period|
|Waiting period||90 days from inception of the policy for sll illnesses|
|Survival Period||30 days for insured on diagnosis of critical illness|
|Other excusions||Pre-existing diseasesAIDS and or other related diseases|
|Sum Insured (in Rs)|
|Age (in years)||1 lakh||3 lakh||5 lakh||10 lakh|
|Figures are indicative premium for appropriate sum assured for each age band excluding service tax|