Archive for October, 2010

Bajaj Allianz Insurance: Critical Illness Policy

It is said that ‘Critical Illness‘ policy give you financial protection from the vital diseases, which can make you satisfy without even loosening your pockets. With Bajaj Allianz Health Insurance you can secure yourself from such Casualty.

This is very crucial policy which is actually giving you benefit paying the sum insured as lump sum amount once you are treated with one of the below listed critical illness.

• Cancer.
• Multiple Sclerosis.
• Paralysis.
• Coronary Artery Bypass Surgery.
• Major Organ Transplant.
• Primary Pulmonary Arterial Hypertension.
• First Heart Attack.
• Stroke.
• Kidney Failure.

Features of Bajaj Allianz insurance policy-

1. The policy insures 10 vital illnesses like cancer, heart attack, paralysis, etc.
2. Sum Assured amount is payable once the disease is diagnosed.
3. Medical examination is required in some cases based on the age and the benefit amount provided by the propose.

Advantages of Critical Illness Policy-

1. Very less premium.
2. The insured gets lump sum amount where he can plan the treatment accordingly.
3. Expenses in a transplant surgery, which normally are not covered under genral health insurance policy, can be paid out of the amount received under this cover.
4. Premium paid is exempt under the section 80 D of Income Tax Act as per existing IT laws.

Coverage of Critical Illness Policy-

1. Sum Insured available from 1,00,000 to Rs. 50,00,000.
2. Age limit – 6 yrs – 59 Years.