Bajaj Allianz Critical illness for Women

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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.
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.

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