Bajaj Allianz General Insurance Launches New Policy To Cover Illnesses In Early Stages

Bajaj Allianz General Insurance Launches New Policy To Cover Illnesses In Early Stages

Bajaj Allianz General Insurance has launched an insurance policy called Criti Care. This is a policy that covers 43 serious illnesses. In it, the customer can design his coverage in any or 5 sections at his own discretion. These range from the waiting period to the survival period. It will have coverage in both initial and advanced stages.

Freedom of policy structure

According to information provided by the company, the idea behind this product is to give consumers the freedom of policy structure not only according to their needs but also to get financial support in times of crisis. Sum Assured in each section of this policy i.e. the expenses incurred in case of illness of the policyholder are between Rs. 1 lakh to 50 lakh.

Total Sum Assured Rs 2 crore

The maximum sum assured will be Rs 2 crore. Section 5 includes Cancer Care, Cardiovascular Care, Kidney Care, Neuro Care, Transplant Care and Sensory Organ Care. Each section has a special list. Category A covers early-stage diseases. Category B is for the advanced stage. If the policyholder makes a claim under category A, he will get 25% of the sum assured of that section. In Category B he will get a 100% share of Sum Assured.

Waiting period 120 days to 180 days

Customers can choose a waiting period of 120 days or 180 days. The survival period can be from zero to 7 days, 15 days. This policy is available on an individual level. It can be taken for 1,2 and 3 years. The policy premium will be based on the policyholder's age, sum assured serious illnesses, waiting period and survival period. The policyholder can also take it as an additional benefit. Which is built in a limited way in the policy. These benefits include cancer restrictive surgery, cardiac nursing, dialysis care, physiotherapy care.

People are suffering from serious diseases

"We have seen that most people are suffering from serious illnesses due to changes in living standards," said Tapan Singh, MD, and CEO of the company. He is also suffering from other ailments. The cost of his treatment is also worsening his financial situation. With this product, we aim to not only give customers the freedom of design but also to create a policy according to their needs. It also gives them an extra advantage.

Must be at least 18 years of age

The policy should have a minimum age of 18 years and a maximum age of 65 years. Children should be between the ages of 3 months and 30 years. It will also have to be renewed. The policy covers the policyholder himself, his spouse, dependent children, grandchildren, parents, in-laws, sister, brother, uncle, and aunt. The premium of this policy can be paid in installments.

This sum assured will be available on the cover of 3 people

According to him, it covers 3 people and if the previous age is 35 years, the sum assured will be Rs 50-50 lakh in the cancer care, cardiac care, and kidney care sections. This means that each section will have a sum assured of Rs 50 lakh. If the age of the other members is 33 years, the sum assured will be 25-25 lakhs and if the age of the third member is 8 years, the sum assured will be 10-10 lakhs. The premiums will be Rs 5,200, Rs 2,600, and Rs 930. GST will also be levied thereafter.

Stay connected with us @ https://www.gyanguru.co.in/ to get the latest updates.

Note:- Please always double-check and confirm the above details with the official website/advertisement/notification. 

Important Links: 

ગુજરાતીમાં ન્યુઝ વાંચવા નીચે આપેલ લિંક પર ક્લિક કરો.👇

Read News in Gujarati: CLICK HERE