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What’s in it for you?
Covers against 10 critical illnesses
Hassle-free in-house claim settlement
Lifetime renewability
A Critical Illness Insurance Policy provides specialised financial protection against severe, life-threatening health conditions such as cancer, heart attacks, and organ transplants. Unlike standard health insurance that covers general medical expenses, this policy pays a lump sum upon diagnosis of a covered illness. This amount can be used for medical, living, or other financial needs during recovery.
With us, you can rest assured knowing that our Critical Illness Insurance cover has the following features to protect you:
Critical illness cover
This policy provides comprehensive insurance cover for 10 critical illnesses.
Multiple sum insured options
Flexible
Increase your sum insured at the time of your policy’s renewal and avail competitive premium rates.
100% payout
You can avail the payable benefit once you are diagnosed with a critical illness (given you meet the specific criteria as per the policy and survive 30 days after the disease is diagnosed).
Covers you and your family
This policy covers your entire family; including children above the age of 6 years.
Documents list:
Protect yourself from the threat of critical illnesses
Around 4000 customers have opted for this policy in the last 6 months.
This policy comes with the benefit of lifetime renewability.
We have an in-house claim settlement team that ensures a quick, smooth and easy claim settlement process. Read more
Hassle-free claim settlement
We have an in-house claim settlement team that ensures a quick, smooth and easy claim settlement process. Also, we offer cashless claim settlement at more than 18,400 + network hospitals* across India. This comes in handy in case of hospitalisation or treatment wherein we take care of paying the bills directly to the network hospital and you can focus on recovering and getting back on your feet.
Avail income tax benefit under Section 80D of the Income Tax Act*. Read more
Tax saving
Avail income tax benefit under Section 80D of the Income Tax Act*.
*On opting for Critical Illness Insurance policy for yourself, your spouse, children and parents, you can avail Rs 25,000 per annum as a deduction against your taxes (provided you are not over 60 years). If you pay a premium for your parents who are senior citizens (age 60 or above), the maximum health insurance benefit for tax purposes is capped at Rs 50,000. As a taxpayer, you may, therefore, maximise tax benefit under Section 80D up to a total of Rs 75,000, if you are below 60 years of age and your parents are senior citizens. If you are above the age of 60 years and are paying a medical insurance premium for your parents, the maximum tax benefit under Section 80D is, then, Rs 1 lakh.
If you are insured under any other critical illness policy, you can switch to this policy with all accrued benefits (after due allowances for waiting periods) to enjoy this policy’s benefits!
Purchasing a Critical illness health Insurance Policy can provide tax benefits under Section 80D of the Income Tax Act in India. Premiums paid for such policies are eligible for deductions, which help reduce the policyholder's taxable income. These tax benefits make Critical Illness Insurance a valuable financial tool for managing healthcare costs and offering potential tax savings.
*Tax benefits are subject to changes in tax laws.
A Critical health Insurance Plan differs from a standard Health Insurance Plan in several key aspects. While a health insurance plan typically covers a wide range of medical expenses, including hospitalisation, surgeries, and routine medical care, a Critical Illness Insurance plan is more focused.
It provides a lump sum payment upon diagnosis of specific severe illnesses like cancer, heart attack, or organ failure. The policyholder can use this lump sum at their discretion, whether for treatment costs, rehabilitation, or even to cover daily living expenses if the illness impacts their ability to work.
Health insurance usually involves reimbursement or direct settlement with hospitals, while Critical Illness Insurance offers a one-time payout irrespective of actual medical costs, providing more financial flexibility during recovery.
Critical Illness Insurance typically covers a range of severe medical conditions that can have a significant financial impact on individuals and their families. The policy offered by Bajaj Allianz, for instance, covers ten major illnesses: aorta graft surgery, cancer, coronary artery bypass surgery, first heart attack (myocardial infarction), kidney failure, major organ transplant, multiple sclerosis with persisting symptoms, permanent paralysis of limbs, primary pulmonary arterial hypertension, and stroke. These conditions are selected due to their serious nature and the high costs associated with their treatment and care.
Several factors should be considered when choosing a critical illness insurance policy to ensure adequate coverage and financial protection.
Evaluate the list of illnesses covered by the policy to ensure they align with your health history and potential risks.
Check the policy's lump sum benefit to ensure it adequately covers potential medical expenses and provides sufficient financial support during recovery.
Understand the waiting period before benefits become payable upon diagnosis. Additionally, note the survival period after diagnosis to qualify for the benefit payout.
Review the policy's renewability options, including whether it offers lifetime renewability to ensure continuous coverage as you age.
Consider portability benefits if you anticipate switching insurers in the future. These allow you to carry over accrued benefits without restarting waiting periods.
Examine the policy's exclusions and limitations to understand what conditions or circumstances are not covered by the insurance.
Evaluate the insurer's reputation for hassle-free and timely claim settlements. Look for reviews and feedback regarding the ease of filing claims and the efficiency of the settlement process.
Filing a Critical Illness Policy claim involves several steps to ensure a smooth and successful process.
Submit necessary documents such as a completed claim form, medical reports, and diagnostic test results. Ensure all information is accurate and comprehensive.
The insurer’s claim settlement team will assess the claim based on the provided documentation and policy terms.
The insured will receive a lump sum payout according to the policy terms if the claim is approved.
Familiarise yourself with the insurer’s specific claim settlement procedures to facilitate a smooth process.
Keep copies of all submitted documents for personal records and future reference.
Maintain prompt and clear communication with the insurer throughout the claim settlement process to expedite proceedings.
A critical illness can have a huge impact on your life. You may not only have to make major lifestyle changes but also cope with unexpected and often, exorbitant medical expenses. The cost of medical aid is soaring and so are the incidents of critical illnesses, which bring with them mounting costs of hospitalisation and medical treatment.
It is, thus, imperative for every individual to equip themselves with a health insurance policy that covers critical illnesses, because in some cases, these illnesses may lead to the unemployment of a family’s sole earning member. Our Critical Illness Insurance cover is designed to protect you and your family against the financial burden of such life-threatening illnesses.
Our Critical Illness Insurance plan provides protection against major life-threatening conditions such as cancer, organ transplant, heart attack and more. Let’s look at the 10 medical conditions that are covered under this policy:
Treatment arising due to war, invasion, an act of foreign enemy, terrorism, hostilities (whether war be declared or not), civil war, rebellion or revolution.
Any injury due to naval or military operations of the armed forces or air force and participation in operations requiring the use of arms or which are ordered by military authorities for combating terrorists, rebels, etc.
The required documents typically include a claim form, medical reports confirming the diagnosis of the critical illness, and diagnostic test results, as per Bajaj Allianz's claim submission requirements.
*Claims are subject to terms and conditions set forth under the health insurance policy.
Critical Illness Insurance Coverage is essential to protect against severe health conditions like cancer, heart attacks, and organ failure. It provides financial support through a lump sum payout upon diagnosis, helping cover medical expenses and other financial needs during recovery.
The critical illness benefit required varies based on individual circumstances. Bajaj Allianz offers multiple sum insured options, ensuring flexibility to match coverage needs.
A critical illness benefit offers financial protection against high medical costs associated with severe illnesses, ensuring peace of mind and financial stability during challenging health situations.
Medical tests may be required before purchasing a critical illness rider with Bajaj Allianz. The specific tests and requirements will depend on the applicant's age and health condition per the insurer's underwriting guidelines.
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(Based on 3,912 reviews & ratings)
Satish Chand Katoch
Hassle Free through web with all option we can review while taking policy.
Ashish Mukherjee
Easiest for anyone, no hassle, no confusion. Great work. Good luck.
Jaykumar Rao
Very user friendly. I got my policy in less than 10 minutes.
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I hereby authorize Bajaj Allianz General Insurance Co. Ltd. to call me on the contact number made available by me on the website with a specific request to call back at a convenient time. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) under either Fully or Partially Blocked category, any call made or SMS sent in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business. Furthermore, I understand that these calls will be recorded & monitored for quality & training purposes, and may be made available to me if required.
Disclaimer
I hereby authorize Bajaj Allianz General Insurance Co. Ltd. to call me on the contact number made available by me on the website with a specific request to call back at a convenient time. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) under either Fully or Partially Blocked category, any call made or SMS sent in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business. Furthermore, I understand that these calls will be recorded & monitored for quality & training purposes, and may be made available to me if required.
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