How to Choose the Best Critical Illness Cover for Yourself
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Term Insurance
17% Discount on 1st year Premium3
99.23% Claim Settlement Ratio~- Zero Commission4
SHUBMAN GILL
ACE CRICKETER
Term Insurance
Get upto 10% discount on first year premium1
- Get Free Benefits up to Rs. 20,000 per year3
- Tax Benefits up to Rs. 46,8002
This advertisement is designed for combination of Benefits of two individual products named (1) Bajaj Allianz Life Goal Assure II- A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L180V02) and (2) Bajaj Allianz Life POS Goal Suraksha- A Non linked, Non Participating, Individual, Life Insurance Savings Plan (116N155V11). These products are also available for sale individually without the combination offered /suggested. This benefit illustration is the arithmetic combination and chronological listing of combined benefits of individual products. The customer is advised to refer to the detailed sales brochure of respective individual products mentioned herein before the concluding the sale.
ULIP Plans
Nifty Alpha 50 Index Fund
SFIN: ULIF09103/01/24SMCPQYINDF116
Life Cover
SHUBMAN GILL
ACE CRICKETER
Term Insurance
Pay Rs.18,000 p.m. for 12 years, Get Rs.1.01 Cr^
at the end of the 30th Policy Year as Guaranteed1 Maturity Benefit
- Life Cover
- Tax Benefit$$
- No Medicals
SHUBMAN GILL
ACE CRICKETER
What Is a Health Insurance Plan?
You might be making regular investments for your various life goals, be it your dream vacation, establishing your start up or your child’s higher education. However, the progress can come under threat with health emergencies, especially critical illnesses.
Expenses associated with critical illness treatment are only increasing in the country. Medical or health insurance is essential to cope with these expenses, however, they may not be enough to manage the financial burden that comes along with a critical illness, especially if the illness strikes the breadwinner of the family.
With the onset of any such illness, most of the Indian population generally dips into accumulated savings for various life goals or other investments to meet their expenses arising due to illness. You or your family members may even need to take loans. This is why you need a provision for financial protection and support in case of medical emergencies.
The good news is that you can protect your and your family’s life goals from getting derailed due to unanticipated health emergencies with critical illness health insurance plans. Such plans offered by life insurance companies provide Lump sum benefit on detection of covered critical illnesses. In the process, they ensure that your health doesn’t come in the way of achieving your life goals.
Why you need a critical illness health insurance plan
Wide critical illness coverage
Illness always come unexpectedly and as a result affect our life and financial situation adversely. With change in lifestyle the chances of anyone getting affected by critical illness have also increased drastically. Recovering from such illnesses can be both expensive and time consuming.
Ample critical illness cover
Studies show that the average cost of treatment of critical illnesses today could vary anywhere from 3 Lakhs to 30 Lakhs (Source: World Health Organization (WHO). Moreover an individual diagnosed with a critical illness has to factor in various other factors like loss of income, day-to-day expenses, and costs arising due to changes in lifestyle etc, which are not covered under hospitalization plans.
Financial support
Hence the need of the hour is an insurance policy that pays a lump sum, irrespective of your treatment cost and covers a wide range of critical illnesses.
How critical illness health insurance plans provide the required protection
Most Critical illness health insurance plans provides policyholders and their families with a Lump sum amount on diagnosis. As a result of this, investors can secure his and his family’s life goals by not dipping into his savings to manage the expenses arising due to critical illness.
Additionally, one can save tax, since the premium payable under this policy is eligible for tax benefits under Section 80D of Income tax Act 1961.
⭐ Why you need a health insurance plan?
Due to change in lifestyle, problems like high blood pressure and diabetes and other lifestyle diseases have increased exponentially. Hence, the chances of heart attacks, strokes and other type of illness which were earlier considered rare, now affect many. Simultaneously, with the rise in medical care expenses such as doctors' visiting fees, hospitalization charges, expensive medicines, diagnostic tests, etc. any sudden or critical illness may leave you financially crippled. Hence, an effective critical illness family health insurance plan will help you and your family focus more on treatment rather than the costs involved and safeguard your investments and savings at the time of medical contingencies.
⭐ Are there any tax benefits available for health insurance premiums?
By paying health insurance premiums regularly under this critical illness health insurance plan, you can avail tax benefits on health insurance premium under section 80D of the Income Tax Act, 1961 and amendments made thereto.
~Tax benefits as per prevailing Income tax laws shall apply. Please check with your tax consultant for eligibility.
##Our policy covers COVID 19 claims subject to policy terms and conditions being met.
SMS Service
Dear Customer,
To get SMS updates on your policy - now you can refer to our glossary of pull sms services from the table:
| GLOSSARY - PULL SMS TABLE! | |||
|---|---|---|---|
| No. | Service | Type Keyword | Send To |
| 1 | For Callback for service related queries | SUPPORT<space>POLICY NO | 8108222251 |
| 2 | For Callback for renewal premium payment related queries (From Registered Mobile Number) | RENEW<space>POLICY NO | |
| 3 | For Branch Address | BRANCH<space>PIN CODE | |
| 4 | For Callback for Reinvestment related queries (From Registered Mobile Number) | REINVESTMAT<space>POLICY NO | |
| 5 | For Fund Value of Policy (From Registered Mobile Number) | FV<space>POLICY NO | |
| 6 | For Account Statement (From Registered Mobile Number) | ACCSTMT<space>POLICY NO | |
| 7 | To Update Email Address (From Registered Mobile Number) | EREG<space>Unique ID*<space>DOB of policyholder in DDMMYYYY<space>email id | |
| 8 | For Callback for queries related to fund switching | FSWITCH<space>POLICY NO | |
| 9 | For IT Certificate (From Registered Mobile Number) | TAXCERT<space>POLICY NO | |
| 10 | For Claim status | CLAIM<space>POLICY NO | |
Disclaimer: By using above SMS services kindly note that you would be authorizing to receive call(s) / SMS from Bajaj Allianz Life Insurance Co. Ltd through its representatives on your tele-contact no with respect to the query for which you have requested call back even if it is registered under NCPR/NDNC registry with your telecom operator.
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