Critical Illness Insurance Policy

Critical Illness Insurance Policy
WHY CHOOSE BAJAJ ALLIANZ CRITICAL ILLNESS INSURANCE?

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 hospitalization 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:
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
Stroke

WE OFFER A WHOLE LOT WHEN IT COMES TO CRITICAL ILLNESS INSURANCE

KEY FEATURES

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
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.

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

100% payout
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.

THAT'S NOT ALL, HERE ARE ADDITIONAL BENEFITS WITH YOUR CRITICAL ILLNESS INSURANCE

We Provide Extensive Cover Against Critical Illnesses Along With Other Benefits:

Renewability:
This policy comes with the benefit of lifetime renewability.

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 6,500+ network hospitals across India. This comes in handy in case of hospitalization 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.


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, maximize 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.

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, maximize 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.

Portability Benefit:
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 benefits.

IMPORTANT POINTS TO NOTE BEFORE BUYING CRITICAL ILLNESS INSURANCE
INCLUSIONS

01.Critical illness cover
Provides cover against 10 critical illnesses and life-threatening conditions.

EXCLUSIONS

01.Any critical illness for which care, treatment or advice was recommended or which was diagnosed or contracted before the policy issuance.

02.Any critical illness diagnosed within the first 90 days of policy issuance.

03.Death within 30 days following the diagnosis of the critical illness.

04.Presence of HIV/AIDS infection.

05.Treatment arising from or traceable to pregnancy or childbirth, including caesarean section and birth defects.

06.Treatment arising due to war, invasion, an act of foreign enemy, terrorism, hostilities (whether war be declared or not), civil war, rebellion or revolution.
Receive entire claim amount on diagnosis of a critical illness.

07.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.

08.Consequential losses of any kind, by way of loss of profit, loss of opportunity, loss of gain, business interruption, etc.