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Critical Illness Insurance for Women? Here’s Your Option!

Published On Jan 07, 2020 5:30 AM By Yamini Sharma

Dealing with high medical treatment costs is not that easy. The financial struggle becomes even more tough in case of critical illness. Thanks to health insurance companies offering critical illness policies other than basic health insurance that people are able to deal with the expenses that come with critical illnesses. 

There are many health insurance companies that provide critical illness insurance policies. However, when it comes to finding critical illness insurance for women on a specific basis, the range of options becomes quite restricted. 

In fact, the only affordable option for critical illness insurance for women comes out to be Women Specific Critical Illness Insurance by Bajaj Allianz. 

Bajaj Allianz’s Women Specific Critical Illness Insurance 

One of the renowned names in the field of health insurance, Bajaj Allianz has a wide range of health insurance products to offer. One of the gems in the grand list is Women Specific Critical Illness Insurance. 

A great initiative by Bajaj Allianz, Women Specific Critical Illness Insurance is a critical illness cover, designed specifically for women. This female-oriented plan is a worthwhile investment for women as it covers numerous life-threatening illnesses at a reasonable cost of premium. Well-known for providing optimum financial security to women, Women Specific Critical Illness Insurance by Bajaj Allianz is definitely a boon in the form of a critical illness cover.

Prime Features 

  • Annual policy 
  • Renewable for lifetime 
  • Sum insured range - Rs. 50,000 up to Rs. 2 Lakh 
  • Eligibility age - 21 years to 65 years 
  • Free look period - 15 days 
  • Grace period - 30 days 
  • Hassle-free in-house claim process
  • Affordable premium rates

What all is covered under Women Specific Critical Illness Insurance?
Women Specific Critical Illness Insurance by Bajaj Allianz covers you for:

  • Critical illnesses - This reliable and pocket-friendly policy for women provides protection against 8 major critical illnesses. Note that the list of specific critical illnesses covered under the plan include Breast Cancer, Vaginal Cancer, Fallopian Tube Cancer, Ovarian Cancer, Uterine/Cervical Cancer, Permanent Paralysis of Limbs, Burns, and Multitrauma. Learn that the policy pays 100% of the sum insured to the insured individual in case she is diagnosed with the covered critical illnesses.
  • Congenital disability benefit - In case the insured member gives birth to a baby possessing congenital disease or disorder, she is paid 50% of the sum insured. Down's syndrome, Congenital cyanotic heart disease,  Cleft Palate with or without cleft, Tracheo-esophageal fistula, and Spina bifid are the congenital diseases covered. However, note that the benefit is available for first two children only.
  • Children education bonus - In case the claim for critical illness benefit is paid under the policy, an amount of Rs. 25,000 is paid towards the future education of the dependent children (if present). Note that the amount payable is limited to Rs. 25,000 for one or more child.
  • Loss of job - In case the insured individual loses her job within a period of 3 months of the date of diagnosis of any of the critical illness covered under the policy, she will be eligible to get an amount of Rs. 25,000 towards loss of employment.

What is the waiting period under the policy?
The waiting period for critical illnesses is 90 days from the commencement of the policy. However, the waiting period is not applicable for Multitrauma and Burns.

Do I need to undergo pre-policy medical checkup for Women Specific Critical Illness Insurance?
Pre-policy medical examination is compulsory for women aged 41 years and above. 

Can I get my sum insured enhanced under the policy? 
Yes, you can! In order to apply for an increase in sum insured, you will be required to submit a fresh proposal form and renewal notice to the company at the time of policy renewal.

What are the exclusions under the policy? 
The list includes - 

  • War, natural disasters
  • Intentional self-injury
  • Drug and / or alcohol abuse
  • Radioactive contamination
  • Occupational diseases
  • Critical illnesses diagnosed within 90 days 
  • STDs
  • Treatment traceable to pregnancy, childbirth or postpartum complications.
  • Critical illnesses claimed under an earlier policy or for which advice was already received by a medical professional

Also Read

Why Critical Illness Insurance is a Must?

Only 30% Women in Hyderabad Got Screened for Breast Cancer

Do you want more information about Bajaj Allianz or Women Specific Critical Illness Insurance? Get in touch with InsuranceDekho experts at 18001205698 right away!

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