Bajaj Allianz Critical illness for Women

Objective

A special health insurance policy specially designed to cover eight critical illnesses related to women.

Suited for

Any female in 21-55 age group can buy this policy.

What does it do?

This policy offers a twofold protection. First, it covers and pays a lump sum amount on confirmed diagnosis of any of the eight specified critical illnesses, provided the insured survives for 30 days after the diagnosis. On admission of claim following a critical illness, it also pays an additional amount restricted to Rs 25,000 for future education of insured's children. Just in case the insured woman loses her job due to the illness, this policy pays an additional sum of Rs 25,000.
Second, it pays 50 per cent of sum insured in case the child conceived and delivered during the policy period is born with some congenital diseases, only if the child survives for 30 days.

Pros

Apart from cover for insured person, this policy disburses policy benefit in case a child is born with congenital disorders as well.

Cons

Policy benefits will be paid only if insured member survives for at least a month after diagnosis of illness.
Children education fund and job loss compensation amount may not suffice considering current inflationary scenario.
Maximum available sum insured is Rs 2 lakhs only.

Our View

There is no unique offer as such. One should not take this cover only because it covers congenital disorders. This benefit is accompanied with lots of conditions and survival period clause. Supplementary benefits like children education fund and job loss compensation, most probably would not be sufficient to meet the respective expenses. It is thus advisable to buy a general critical illness plan instead of this policy as the former provides a wider coverage at comparatively lower price.