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)

Minimum

6

Maximum

59

Coverage Type

Individual cover

Policy Term (years)

1

Sum Insured (Rs)

Maximum

50 lakh

Minimum

1 lakh

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

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

Cancer

covered

Coronary Artery Bypass Surgery

covered

First Heart Attack:- (Myocardial Infarction)

covered

Kidney Failure

covered

Major Organ Transplant

covered

Multiple Sclerosis

covered

Stroke

covered

Aorta Graft Surgery

covered

Paralysis

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