Bajaj Allianz Critical Illness Plan

Traditional insurance plans cover your dependent family in the event of your premature demise. But what if a critical illness left you disabled and unable to provide for your family? It’s highly likely that the medical expenses to treat a critical illness could empty out your savings, leaving you hanging with no financial security. This is where Bajaj Allianz Critical Illness Plan comes into force, taking care of your medical expenses for critical illnesses.

Features & Benefits - Bajaj Allianz Critical Illness Plan:

Entry Age	18 years to 65 years for proposer/spouse. 6 years to 21 years for dependent children.
Policy Period and Renewal	Annual policy. Lifetime renewability. 30-day grace period for renewal.
Coverage	A lump sum will be paid on the diagnosis of one of following ten critical illnesses that are covered, subject to the policy terms and conditions: First Heart Attack (Myocardial Infraction). Open chest CABG (Coronary Artery Disease requiring Surgery). Stroke resulting in permanent symptoms. Cancer of specified severity. Kidney failure requiring regular dialysis. Major organ transplant. Multiple sclerosis with persisting symptoms. Aorta surgery. Primary pulmonary arterial hypertension. Permanent paralysis of limbs.
Sum insured options	Rs. 1,00,000 to Rs. 50,00,000 for those between 6 years to 60 years of age. Rs. 1,00,000 to Rs. 5,00,000 for those aged between 61 years to 65 years.
Features	Benefit amount is payable if the person insured survives the first 30 days after the diagnosis. Diagnosis must meet predetermined criteria. Insured person can use the amount for traditional treatment, lifestyle changes, donor expenses, planned treatment outside India, etc. Competitive premium rates.
Tax benefit	Premiums paid on this policy are exempt under Section 80D of the Income Tax Act.
Benefits of In-House claims processing	Team consists of doctors and paramedics responsible for health underwriting and claims settlement. Single window assistance. Faster claim settlement. Single point of contact that’s effective and quick in resolving grievances. Better control over claim settlement and customer service.
Value Added Services (VAS)	This policy allows for discounts at selects outlets on: Wellness tests, sample collection, doctor’s visits. OPD discounts. Pharmacy discounts. Eye care. Dental care.
Pre-policy medical examination criteria	Pre-policy medical examination is advised based on the age, sum insured and adverse health declaration of the person insured. Check-up will be arranged at an empanelled diagnostic centre. Test reports will be valid 30 days from examination. 100% of the standard medical test charges will be reimbursed if the testing is done at an empanelled diagnostic centre, subject to acceptance of the policy.
Exclusions	Intentional self-injury. Drug and/or alcohol abuse. Radioactive contamination. STDs caused by or associated with Human T-Cell Associated Virus type III, Lymphadinopathy Associated Virus, AIDS or any deficiency syndrome similar to it. Critical illnesses diagnosed within 90 days of the date the policy commences. Treatment traceable to pregnancy, childbirth or postpartum complications. Critical illnesses for which advice was already received by a medical professional and has been claimed under an earlier policy.

Critical illnesses in today’s world are being detected and treated with top of the line medical technology and equipment, which hospitals acquire at a huge cost. Specialist doctors and medical professionals who are trained in treating critical illnesses charge huge amounts for consultations and treatment. Also, if the hospital you are admitted in is of a particularly high standard, they will have running costs that are higher than most other hospitals.

While these factors mean that you will receive the possible, it also means that you will be dangling your wallet over a bottomless pit of debt. All these factors add up to your already high medical expenses, making the Bajaj Allianz Critical Illness plan a practical safety net to carry you through your treatment.

Being covered under this health insurance policy can be the life-saving boost of funds you need to recover from your critical illness.

*Disclaimer: Please chose your policy wisely after careful consideration of all policy documents and literature therein. Diligent examination and scrutiny of terms and conditions, exclusions (if any) and conditions on premium payments is strongly advised. This article is purely informational and is not designed to influence your decision in any way.

Find cashless network hospitals nearby: BAJAJ Allianz Health Insurance Network Hospitals

Also Read: Check Incurred Claim Ratio of Health Insurers

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GST rate of 18% applicable for all financial services effective July 1, 2017.

Disclaimer: Premiums may vary depending upon factors like age, location and prevailing taxes/GST.

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