As per advancing technology, human life expectancy has increased by many folds. If we compare medical technologies 10 years back to now, there is a huge difference. People are now living longer and healthier. Many life-threatening illnesses such as heart attack, cancer can now be cured. In order to fight such diseases, one needs good financial support.
Bajaj Allianz, in its efforts to provide a customer-centric solution, is offering a Bajaj Allianz Critical Illness Insurance Policy to cover some of these critical illnesses. This is the reason why Critical Illness Insurance policies have been developed.
Entry age for proposer/Spouse is 18 years to 65 years | Entry age for dependent Children is 6 years to 21 years |
Bajaj Allianz Critical Illness Policy covers 10 Critical Illnesses. If the policyholder is diagnosed with any one of the 10 critical illness mentioned below, then the company will pay a lump sum amount subject to the policy terms and conditions –
|
|
|
|
|
|
|
|
|
|
There are various exclusions in the policy. Below are few listed exclusions under this policy. For the complete list and detailed description of the policy, kindly refer to the policy wordings.
A) Waiting Period –
Any Critical Illness diagnosed within the first 90 days of the date of commencement of the Policy is excluded. This exclusion shall not apply to an Insured for whom coverage has been renewed by the Named Insured, without a break, for subsequent years.
B) General Exclusion –
Yes, the policyholder can enhance the sum insured by applying for enhancement of Sum Insured at the time of renewal of policy by submitting a fresh proposal form to the company.
If the policyholder is not satisfied with the terms and conditions of the policy then the policyholder can return the policy within 15 days of receipt of the first policy documents, provided there has been no claim. This period is called the Free look Period.
So, by now you know each and every important detail about this Critical Illness policy by Bajaj Allianz. Do let me know if I have missed any important points in the comment section. Please feel free to ask any doubts regarding this policy.
2021 © Jagoinvestor.com All Right Reserved