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.

Eligibility

Entry Age (years)

Minimum

21

Maximum

55

Coverage Type

Individual cover for women

Policy Term (years)

1

Sum Insured (Rs)

Maximum

200000

Minimum

50000

Pre Policy Medical Check Up

Upto 40 years of age: not required;
for 41-45 years of age: not required upto Sum Insured of Rs 1lakh;
above 45 years of age: not required upto Sum Insured of Rs 50,000

Grace Period for Policy Renewal

15 days grace period is allowed to policyholder for payment of premium.

Policy Termination

Policyholder is allowed to terminate the policy at anytime by giving a 15 day written notice. In case no claim has been made under the policy, percentage of premium will be refunded

Customer Service

Address

Bajaj Allianz General Insurance Company Limited. GE Plaza, Airport Road, Yerawad, Pune - 411006

Mail to

customercare@bajajallianz.co.in

Call to

1800 225858(BSNL/ MTNL); 1800 1025858 (Bharti users- mobile/ landline) or 020 30305858

Scope Of Cover

Critical illness

Women specific Critical Illness

100% Sum Insured

Breast Cancer

covered

Fallopian Tube Cancer

covered

Uterine/ Cervical Cancer

covered

Ovarian Cancer

covered

Vaginal Cancer

covered

Paralysis

covered

Multitrauma

covered

Burns

covered

Birth of Child with congenital disability

50% of Sum Insured; for first two children and below 40 years of age for proposer

Downu0092s syndrome

covered

Congenital cyanotic heart disease

covered

Tracheo-esophageal fistula

covered

Cleft palate with or without cleft lip

covered

Spina bifida

covered

Children Education Bonus

Rs 25000 becomes payable for future education on diagnosis of critical illness for insured

Loss of Job

Rs 25000 on loss of job within 3months of diagnosis of critical illness

Exclusions and Waiting Period

Waiting period

90 days for critical illness cover and child born with congenital disability benefit

Survival Period

30 days for insured on diagnosis of critical illness and 30 days for child in case born with congenital disability

Other Exclusions

Expecting mothers cannot take this policy before 3 months have elapsed post delivery.AIDS and or other related diseases.War, participation in any criminal activity or any other related condition.