Critical Illness Health Insurance Plan for Women

What is Critical Illness Health Insurance?

Critical Illness Insurance Policy from Bajaj Allianz General Insurance Company provides comprehensive financial protection when diagnosed with life-threatening conditions like cancer, heart attacks, or major organ transplants. Unlike standard health insurance that reimburses medical bills, this policy offers a lump-sum payment upon diagnosis, providing flexibility to manage medical or personal expenses during recovery. With critical health insurance, you have peace of mind knowing that financial support is available in challenging times.

What are the Key Features of Critical Illness Policy? 

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.

Flexible - Increase your sum insured at the time of your policy’s renewal and avail competitive premium rates.

Covers you and your family - This policy covers your entire family; including children above the age of 6 years.

Multiple sum insured options

- Sum insured options ranging from Rs 1 lakh to Rs 50 lakh for the age group 6 years to 60 years.

- Sum insured options ranging from Rs 1 lakh to Rs 5 lakh for the age group 61 years to 65 years.

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).

Key Features and Benefits of Women Health Critical Illness Plan

You can now sleep easy knowing that our critical illness insurance cover for women has the following features that protect you against major critical illnesses:

● Critical illness cover

● Congenital disability benefit

● Loss of job cover

● Children education benefit

● Flexible and convenient

Additional Benefits of Bajaj Allianz Women's Critical Illness Health Insurance Plan

We provide an extensive cover against critical illnesses for women along with various other benefits:

Low Premium 

You can avail low and age-agnostic premium amounts.

Tax Saving 

Avail income tax benefit under Section 80D of the Income Tax Act.*

*On opting for Women-Specific Critical Illness Insurance policy, 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.

Hassle-Free Claim Settlement 

Our in-house claim settlement team 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.

Renewability 

You can renew your policy for your entire lifetime.

Reasons to Choose Women's Critical Illness Comprehensive Plan 

Here are the reasons to choose the Women’s Critical Illness Health Insurance Plan by Bajaj Allianz:

● This health insurance for women plan offers specialised coverage for critical illnesses that predominantly affect women.

● It includes benefits such as congenital disability coverage, loss of job benefits, and support for children's education in case of a critical illness diagnosis.

● Bajaj Allianz ensures a smooth and hassle-free process for settling claims, providing peace of mind during critical health situations.

● The plan offers age-agnostic competitive premiums, making it accessible for women across different stages of life.

● Policyholders can benefit from tax savings under Section 80D of the Income Tax Act, enhancing overall financial planning.

● With the option for lifetime policy renewals, the plan offers continuity of coverage, ensuring ongoing protection as needs evolve.

What is the Waiting Period/Survival Period?

The policy includes a waiting period of 90 days from the commencement date, during which no claims for critical illnesses are accepted. After diagnosis, the insured must survive for at least 30 days to be eligible for the benefit amount. This survival period ensures that the insured receives adequate financial support for treatment and other related expenses. Renewals within the grace period of 30 days ensure continuity without losing accrued benefits. This waiting and survival period is crucial for maintaining the policy's integrity and ensuring that it serves its purpose effectively.

Difference Between Critical Illness Cover And Health Insurance Policy

Critical illness coverage and a health insurance policy serve distinct purposes despite some overlap in healthcare coverage. Women's health insurance for critical illness coverage is designed to provide a lump sum payment upon diagnosis of specified severe illnesses listed in the policy. It aims to financially support individuals during critical health crises, offering flexibility in how the payout can be used for treatment costs, lifestyle adjustments, or other needs.

In contrast, health insurance policies typically cover a broader range of medical expenses, including hospitalisation, surgeries, medications, and preventive care. They focus on overall healthcare management, addressing routine and emergency medical needs rather than solely catastrophic events like critical illnesses. Each type of health insurance plays a crucial role in safeguarding individuals' health and financial well-being, addressing different aspects of healthcare expenses and risks.

Things to Consider When Buying a Critical Illness Policy

When purchasing a critical illness policy, several crucial factors demand consideration to ensure comprehensive coverage:

● Firstly, the illnesses covered should be assessed to align with personal health risks.

● Evaluate the sum insured against potential treatment costs and lifestyle needs during recovery.

● Understand policy exclusions and waiting periods to manage expectations during claims.

● Consider premium affordability and renewal terms, including lifetime renewability options.

● Lastly, review the insurer's claim settlement process and customer support reliability to ensure prompt and hassle-free assistance during critical times.

Why Choose Bajaj Allianz Women-Specific Critical Illness Insurance?

Bajaj Allianz General Insurance Company offers specialised health insurance for women, focusing on critical illness coverage. This plan provides protection against eight life-threatening conditions, including various types of cancer and permanent paralysis of limbs. The policy ensures financial stability by offering a guaranteed cash sum upon diagnosis. Women can benefit from features like loss of job cover, congenital disability benefit, and children's education benefit. Additionally, the plan is designed to be flexible and convenient, with low premiums and hassle-free claim settlements.This critical illness health insurance aims to support women during challenging times, ensuring they have the necessary resources for treatment and recovery.

Our Critical Illness Insurance plan for women provides protection against the risk of 8 life-threatening conditions that can affect women. They can avail the benefits of this plan in the form of a guaranteed cash sum in case they are diagnosed with a life-threatening illness.

● Breast cancer

● Fallopian tube cancer

● Uterine/cervical cancer

● Ovarian cancer

● Vaginal cancer

● Permanent paralysis of limbs

● Multi-trauma

● Burns