Bajaj Allianz Critical Illness Policy
Updated On Jul 13, 2021
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The costs of pre and post-hospitalization expenditures, as well as care for these serious illnesses, are well known. The financial burden is too great, and a good critical illness insurance policy will help to ease it. This means that if the policyholder is diagnosed with any of the diseases mentioned above, the policyholder will be paid a lump sum of the sum insured. We can use this for medical treatment and any improvements in one's lifestyle.
Bajaj Allianz Critical Illness Policy
The following are some perks offered by Bajaj Allianz Critical Illness Insurance Policy:
- Policy extension is good for the rest of your life.
- Section 80D of the Internal Revenue Code gives you a tax break if you pay your taxes on time.
- Premiums are relatively inexpensive.
- Claims are resolved quickly.
Bajaj Critical Illness Insurance Benefits:
Aside from the features mentioned above, there are several advantages to buying Critical Illness Policy from Bajaj:
- They pay the claim amount out in one lump sum to the policyholder so that there are no financial concerns during care.
- Both in-country and out-of-country costs are covered.
- Many insurance companies, including Bajaj, provide a grace period while renewing a policy.
- During the extension of a serious illness policy, the amount insured may be increased.
- Financial assistance is available, assisting policyholders and their families through tough times.
Inclusions in Bajaj Critical Illness Policies:
Every health insurance company has a list of diseases that their serious illness insurance policy covers. Before proceeding with the investment, read the policy document thoroughly and speak with the approved executive. Many insurance companies now provide free wellness checkups as part of their serious illness coverage.
Exclusions from the Bajaj Critical Illness Policy:
- If you are diagnosed with any of the essential illnesses covered in your policy plan after buying it, the insurance company will refuse to cover you for a period of time, say a couple of months.
- HIV/Aids affected individuals are not contained.
- Cosmetic and dental surgery claims are not covered.
- If you die within the first month of buying the policy, you will not be reimbursed.
- This proposal would not apply to deaths and illnesses caused by terrorist attacks or conflicts.
- Any serious health problems that arise during pregnancy or childbirth are not protected.
- Occupational illnesses are also not permitted.
If you want to purchase critical illness health insurance at a low discount, the Bajaj Allianz Critical Illness Plan is an excellent option.
Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.
