Bajaj Allianz General Insurance has recently announced the rollout of a critical illness policy named Criti-Care. While the entry age for adults is 18 years to 65 years and that for children is 3 months to 30 years, there is no exit age under the scheme as the renewal is applicable for lifetime.
The policy is a benefit only policy which means that it pays a lump sum amount to the customers if diagnosed with the listed ailment. The sum insured under each section ranges from Rs. 1 lakh to Rs. 50 lakh and the maximum total sum insured of the policy is Rs. 2 crore.
Criti-Care allows the customers to plan their coverage by selecting any or all 5 sections within the policy, waiting period as well as survival period. The 5 sections under the policy are cancer care, cardiovascular care, kidney care, neuro care, transplants care, and sensory organ care. It covers 43 critical illnesses, which include both initial and advanced stages.
“We have observed that many people are becoming susceptible to critical illnesses due to changes in lifestyle, amongst other causes, and the treatment costs for such ailments can substantially affect a person’s financial health. With our modular product Criti-Care, our aim is to not only allow our customers the freedom to design their policy as per their needs, but also provide them with much needed support through additional benefits like dialysis care, physiotherapy care, among others, that can help them with faster recovery”, remarked Tapan Singhel, MD & CEO, Bajaj Allianz General Insurance while commenting on the launch.
