Bajaj Allianz General Insurance
An extremely unique plan in health insurance that has been brought out by Bajaj Allianz is the Critical Illness plan. The EXCLUSIVE FEATURES of this plan are:
· Benefit policy that pays the sum insured as lump sum once the policyholder is diagnosed with any of the following critical illnesses:
· Cancer
· Paralysis
· Multiple sclerosis (it is a progressive disease of the central nervous system where the protective covering of the nerve fibers in the brain and spinal cord is destroyed)
· Coronary artery bypass surgery – the policyholder will be able to take a claim if s/he undergoes a surgery for a blockage of 2 or more coronary arteries)
· Major organ transplant
· Stroke (it is an incident which affects the supply of the blood to the brain causing permanent neurological damage)
· Primary pulmonary arterial hypertension (the pulmonary artery is the blood vessel that carries blood from the heart through the lungs)
· First heart attack
· Kidney failure
· Arota graft surgery (arota is the main artery that supplies oxygenated blood to all parts of the body)
· The amount is payable once the disease is diagnosed meeting specific criteria and the insured survives 30 days after the diagnosis
· Sum insured is available from Rs.1 lac to Rs.50 lacs
· Age band is from 6 years to 59 years
· By getting the amount as a lump sum the policyholder can plan the treatment accordingly
· Expenses like donor expenses in a transplant surgery, that are not covered under the normal health insurance policy, can be paid out of the amount received under this cover
· Very competitive premium rates in comparison to the benefits that this policy offers
EXCLUSIONS:
· Any critical illness for which care, treatment or advice was recommended or which was first manifested or contracted before
· Any critical illness diagnosed within the first 90 days
· Death within 30 days following the diagnosis of the critical illness
· Presence of HIV/AIDS infection
· Treatment arising from or traceable to pregnancy or childbirth, including caesarean section/birth defects
· War, invasion, act of foreign enemy, terrorism, hostilities, civil war, rebellion, revolution
· 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 and the like, any natural peril
· Consequential losses of any kind, be they by way of loss of profit, loss of opportunity, loss of gain, business interruption, etc
PREMIUMS:
| SUM INSURED/AGE | 21 – 25 YEARS | 26 – 35 YEARS | 35 – 40 YEARS | 41 – 45 YEARS | 46 – 50 YEARS | 51 – 55 YEARS | 56 – 60 YEARS |
| 1 LAC | 200/- | 300/- | 550/- | 800/- | 1200/- | 1750/- | 3000/- |
| 3 LAC | 600/- | 900/- | 1650/- | 2400/- | 3600/- | 5250/- | 9000/- |
| 5 LAC | 1000/- | 1500/- | 2750/- | 4000/- | 6000/- | 8750/- | 15000/- |
| 10 LAC | 2000/- | 3000/- | 5500/- | 8000/- | 12000/- | 17500/- | 30000/- |
The premium that is paid towards this policy, like other premiums for health insurance policies, is exempt under Section 80D of income tax act.
A Bajaj Allianz policy can be either bought online from www.bajajallianz.co.in or they may be contacted on their toll free numbers 1-800-225-858 or 1-800-102-5858
The ADVANTAGES of taking a health insurance plan from Bajaj Allianz are:
· Cashless facility at over 2400 hospitals across India
· Bajaj Allianz has an in-house claim administration department for quicker claim settlement