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Bajaj Allianz Critical Illness

Objective

This is a special insurance policy which covers insured person against 10 major critical illnesses.


Suited for

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.


Pros

Premiums paid under this plan qualify for deduction under Section 80D of Income Tax Act.


Cons

There is a survival period of 30 days after diagnosis of disease to reap the insurance benefit.


Our View

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.

Eligibility
Entry Age (years) 
Minimum6
Maximum59
Coverage TypeIndividual cover
Sum Insured (Rs) 
Maximum50 lakh
Minimum1 lakh
Policy Term (years)1
Tax BenefitPremium paid is exempt under Section 80D of Income Tact Act
Policy TerminationCompany 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
Customer Service 
AddressBajaj Allianz General Insurance Company Limited. GE Plaza, Airport Road, Yerawad, Pune - 411006
Mail to[email protected]
Call to1800 225858(BSNL/ MTNL); 1800 1025858 (Bharti users- mobile/ landline) or 020 30305858
Additions to the Plan
Scope of Cover
Critical Illness
Cancercovered
Coronary Artery Bypass Surgerycovered
First Heart Attack:- (Myocardial Infarction)covered
Kidney Failurecovered
Major Organ Transplantcovered
Multiple Sclerosiscovered
Strokecovered
Aorta Graft Surgerycovered
Paralysiscovered
Primary Pulmonary Arterial Hypertensioncovered
Exclusions and Waiting period
Waiting period90 days from inception of the policy for sll illnesses
Survival Period30 days for insured on diagnosis of critical illness
Other excusionsPre-existing diseasesAIDS and or other related diseases
Annual Premium
Sum Insured (in Rs)
Age (in years)1 lakh3 lakh5 lakh10 lakh
21-2520060010002000
26-3530090015003000
36-40550165027505500
41-45800240040008000
46-5012003600600012000
51-5517505250875017500
56-60300090001500030000
Figures are indicative premium for appropriate sum assured for each age band excluding service tax