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Bajaj Allianz Life Health Care Goal Covers 36 Critical Illness Including Heart & Cancer

  • Covers 36 Critical Illness including Heart & Cancer

  • Four variants to choose from as per your need

  • Option to cover spouse and dependent children

  • Inbuilt waiver of premium&

  • Online Rebate up to 20% of Final Premium1

  • Covers 2 Juvenile Critical Illness (Bacterial Meningitis and Encephalitis)

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Family Health Insurance That Covers 36 Critical Illnesses - Bajaj Allianz Life Health Care Goal

Good health is essential for a good life, and good health is also required towards securing you and your family’s future, as well as getting their life goals done.

Critical illness cases are on the rise, and more often than not, the expenses towards managing them also impact the financial well-being of an individual and a family. Hence, a key requirement in one’s financial portfolio is a comprehensive critical illness health insurance plan for family, which provides complete financial support in case the need arises.

Some of the health insurance benefits include the required cover to manage critical illnesses, as well ensure that life goals of other members are always on track. Thereby, supporting the entire family to overcome a difficult phase, with financial peace. 

Bajaj Allianz Life Health Care Goal is designed for just that. It is a regular/limited premium payment individual critical illness health insurance policy which covers 36 critical illness including heart and cancer, with an option of family cover & return of premium. This critical illness health insurance plan also offers an inbuilt waiver of premium rider. A lump sum amount is paid to the life assured on diagnosis of any of the 36 critical illnesses mentioned

You can choose from 4 variants depending on your need for comprehensive health cover and also avail tax benefits under Section 80(D) of the Income Tax Act, 1961.

So work towards achieving your life goals, without worries and ensure that your family’s health and lifestyle is secure now and in the future.

Choose your variant^

  • Critical Long Term Health Care - Individual Cover
  • Critical Long Term Health Care Plus - Individual Cover with Return of Premium at Maturity
  • Long Term Family Health Care - Family Cover
  • Long Term Family Health Care Plus - Family Cover with Return of Premium at Maturity

^The variant chosen at inception cannot be changed during the policy term

Choose your cover (Sum Assured)

  • Depending upon the variant chosen, decide the individual Sum Assured for yourself / your Family members.

Choose your Policy Term & Premium Payment Term

  • Depending on the variant chosen.

Choose your Premium Payment Frequency

For your convenience, this plan offers multiple premium payment frequencies - Annual, Half-yearly, Quarterly & Monthly

(Your premium will be based on number of lives covered, their age, gender, sum assured, plan variant, Policy Term, and Premium Payment Term.)

Entry Age

Mimimum age

Adult 18 years

Child 05 years

Maximum age

Adult 65 years

Child 17 years

Maturity Age

Maximum Maturity age

Adult 75 years

Child 37 years

Policy Term

Critical Long Term Health Care & Long Term Family Health Care

Critical Long Term Health Care Plus & Long Term Family Health Care Plus

10 years

10, 15, 20 years

Premium Payment Term

Variant

Critical Long Term Health Care & Long Term Family Health Care

Critical Long Term Health Care Plus & Long Term Family Health Care Plus

Policy Term (years)

10

10

15

20

Premium Payment Term (years)

5,7

5,7

15

20

Premium Amount

Minimum Premium

Critical Long Term Health Care

Critical Long Term Health Care Plus

Long Term Family Health Care

Long Term Family Health Care Plus

`3,000 per annum

`3,458 per annum

`3,000 per annum

`3,669 per annum

Maximum Premium

As per the maximum age, minimum Premium Payment Term, maximum sum assured chosen under the Policy 

Premium Payment Frequency##

Yearly, Half yearly, Quarterly and Monthly 

##Quarterly and monthly Premium frequencies are only allowed under salary deductions schemes and auto-debit process as allowed by RBI

Sum Assured

Minimum Sum Assured

Proposer/Policyholder

Child

Spouse

`5,00,000

`1,25,000

`2,50,000

Maximum Sum Assured

`50,00,000

Each life Assured under Long Term Family Health Care & Long Term Family Health Care Plus, will have the flexibility to choose individual sum assured.

The sum assured on the spouse and children can be equal to, but not higher than the sum assured of the Policyholder.

Reasons to buy Bajaj Allianz Life Health Care Goal

Tax Benefits

  • The premium payable under this product is eligible for Section 80(D) benefit of Income Tax Act, 1961. Kindly refer to the latest provision of tax and take advice of your consultant.

Critical Illness Benefit

Under Critical Long Term Health Care and Critical Long Term Health Care Plus

  • On diagnosis of any of the covered Critical Illnesses to the Life Assured during the Policy Term and after the Waiting Period has expired, the Sum Assured will be paid as per the terms and conditions.
  • If the diagnosed Critical Illness requires Angioplasty, lower of Sum Assured or Rs. 5,00,000 will be paid. No further CI benefit will be paid for any future occurrence of Angioplasty throughout the term of the Policy. But, the Policy will continue for the remaining Sum Assured (if any) for the rest of the Critical Illnesses covered, subject to payment of all due premiums.

Under Long Term Family Health Care and Long Term Family Health Care Plus

  • On diagnosis of any of the covered Critical Illnesses to any of the Life Assured (s) during the Policy Term and after the Waiting Period has expired, the Sum Assured applicable to the Life Assured will be paid as per the terms and conditions and the Critical Illness cover will terminate for that Life Assured. For the remaining Life Assured(s), the Policy will continue with their respective Sum Assured(s), subject to payment of all due premiums.
  • If the diagnosed Critical Illness for any Life Assured requires Angioplasty, lower of Rs. 5,00,000 or Sum Assured applicable to the Life Assured, will be paid. No further Critical Illness benefit will be paid for any future occurrence of Angioplasty throughout the term of the Policy for that Life Assured and the policy will continue for the remaining Sum Assured (if any) for the rest of the Critical Illnesses covered, subject to payment of all due premium.
  • The Policy will continue on the lives of the remaining Life Assured(s), for their respective Sum Assured(s), subject to payment of all due premiums.

Death Benefit

Under Critical Long Term Health Care and Critical Long Term Health Care Plus

  • If no prior Critical Illness benefit has been paid, on Death of the Life Assured during the Policy Term, the total premiums@ paid till date of death will be payable to the Nominee.
  • If a Critical Illness benefit for Angioplasty has been paid, on Death of the Life Assured during the Policy Term, the proportionate premiums$ paid till date of death will be payable to the Nominee.

Under Long Term Family Health Care and Long Term Family Health Care Plus

  • If no prior Critical Illness benefit has been paid, than on Death of the Life Assured during the Policy Term, the total premiums@ paid till date of death for that Life Assured will be payable.
  • If a Critical Illness benefit for Angioplasty has been paid, on Death of the Life Assured, the proportionate premiums$ paid till date of death for that Life Assured, will be payable.
  • The Policy will continue on the lives of the remaining Life Assured(s), for their respective Sum Assured(s), subject to payment of all due premiums.

Inbuilt Waiver of Premium Benefit

Under Critical Long Term Health Care and Critical Long Term Health Care Plus

  • In case of Accidental Permanent Total Disability of the Life Assured who is also the Policyholder during the Policy Term, all future premiums will be waived and the Policy will continue with other applicable benefits till the end of the current Policy Term.

Under Long Term Family Health Care and Long Term Family Health Care Plus

  • In case of earlier occurrence of Accidental Permanent Total Disability or diagnosis of any of the covered Critical Illness (excluding Angioplasty) or Death of the Life Assured (who is also the Policyholder*), all future premiums will be waived and the policy will continue with other applicable benefits for remaining Life Assured (s) already covered under the Policy.

Maturity Benefit

For Critical Long Term Health Care Plus:

  • If no prior Critical Illness benefit has been paid, at maturity, the total premiums@ paid till date of maturity for the Life Assured will be payable as maturity benefit.
  • If a Critical Illness benefit for Angioplasty has been paid to Life Assured, the proportionate premiums$ paid for that Life Assured/(s) till date of maturity, will be payable as maturity benefit.

For Long Term Family Health Care Plus:

  • If no prior Critical Illness benefit has been paid to any of the Life Assured/(s), at maturity, the total premiums@ paid till date of maturity for the Life Assured/(s) will be payable as maturity benefit.
  • If a Critical Illness benefit for Angioplasty has been paid to any of the Life Assured/(s), the proportion of the total premiums$ paid till date of maturity, for each of the Life Assured/(s) for whom prior CI Benefit for Angioplasty has been paid will be payable as maturity benefit plus, the total premiums@ paid till date of maturity for the Life Assured/(s) for whom no prior Critical Illness benefit will be payable.

Notes:

@Total premiums means total of all Regular/Limited premiums paid under the Policy till date and is exclusive of Goods & Service tax, and any extra premium but includes any extra premium which has been credited due to any Waiver of Premium Benefit (if applicable).

$Proportionate premium is the proportion of total premium paid till the date of death/maturity and is calculated as [(Sum Assured with respect to that Life Assured MINUS ` 500,000) / Sum Assured]

*Policyholder is the Life Assured under the plan who has concluded the Policy with the Company.

The Critical Illness benefit in respect of each Life Assured is payable only once during the term of the Policy.

Also the survival period from the date of diagnosis of the Critical Illness is 30 days.

Premium rates under this plan will be guaranteed for a period of 5 years.

Documents you’ll need before investing

How to choose a critical illness cover

How to Choose the Best Critical Illness Cover for Yourself

READ MORE
Why you should get a critical illness cover

Everything You Need To Know About Critical Illness Health Insurance Plans

READ MORE
Know the 4 types of health insurance plans

Know 4 Different Types of Health Insurance Plans

READ MORE

How Bajaj Allianz Life Health Care Goal will help you?

Bajaj Allianz Life Health Care Goal, is a regular/limited premium payment individual Health Insurance Plan covering 36 critical illness including Heart & Cancer. The critical illness health insurance plan has an option of Family Cover & Return of Premium and offers an inbuilt Waiver of Premium rider.
It provides 4 variants for you to choose from depending on your need for comprehensive health insurance coverage & also offers tax benefits as per the provisions under Income Tax Act, 1961.

What are the critical illnesses covered under Bajaj Allianz Life Health Care Goal?

Bajaj Allianz Life Health Care Goal covers 36 critical illnesses including Heart & Cancer. In case the life assured is diagnosed with any of the covered critical illnesses, the Sum Assured applicable under the critical illness health insurance plan will be paid. However, if the diagnosed Critical Illness requires Angioplasty, lower of Sum Assured or ` 5, 00,000 will be paid.

What is frequency of premium payment for Bajaj Allianz Life Health Care Goal?

Bajaj Allianz Life Health Care Goal, a Critical Illness health insurance plan provides multiple premium payment frequency option - yearly, half-yearly, quarterly and monthly. The policy holders can choose the health insurance premium payment frequency and they also have an option to change it on any policy anniversary, during the policy term, subject to availability.

What are the variants available under this plan?

There are four variants in this critical illness health insurance:-

  • Critical Long Term Health Care – Individual Cover
  • Critical Long Term Health Care Plus - Individual Cover with Return of Premium at Maturity
  • Long Term Family Health Care – Family Cover
  • Long Term Family Health Care Plus – Family Cover with Return of Premium at Maturity

What are the Key benefits of this plan?

The benefits under this critical illness health insurance plan are:-

  • 36 Critical Illness cover including Heart & Cancer
  • Option to cover spouse and dependent children
  • Flexibility to choose individual cover for yourself, your spouse and your children
  • Return of premium at maturity
  • Inbuilt waiver of premium
  • Return of premium at Death

Life Insurance Glossary

Accident

"Accident" means a sudden unforeseen and involuntary event caused by external and visible means.

Accidental Total Permanent Disability

"Accidental Total Permanent Disability" means the occurrence of a disability of the life of the Life Assured solely and directly due to an Accident as per the definitions and subject to the exclusions as specified in the policy document.

ATPD

"ATPD" means Accidental Total Permanent Disability

Critical Illness

"Critical Illness" means any Illness or condition specified in Annexure K of the policy document and shall include either the first diagnosis of any of the listed Illnesses or first performance of any of the covered surgeries and subject to exclusions as specified in the policy document

CI Benefit

"CI Benefit" means the benefit payable on the first diagnosis of the Life Assured with any specified Critical Illness. Please refer to Section 4 below for details.

Sum Assured

"Sum Assured" is the amount as specified in the Schedule for the Life Assured under the Policy.

Survival Benefit

"Survival Benefit" means any benefit that is payable under the Policy during the Policy Term based on the survival of the Life Assured to a specified date. There is no Survival Benefit under the Policy.

Survival Period

"Survival Period" means a period of thirty (30) days from the date of diagnosis of the Critical Illness as listed in the policy document.

WOP Benefit

"WOP Benefit" means the Waiver of Premium Benefit, which if applicable in the Variant chosen in the Policy, is a waiver of the future Regular Premium due, on the first occurrence of any death, CI and/or ATPD (as applicable) of the Life Assured who is also the Policyholder. Please refer to Section 4 below for more details.

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  • Claim deposits via electronic transfer to make process faster
  • Solvency ratio of 767% **
  • Our Priority is not to sell Life Insurance, it is to serve you in the fastest & most convenient manner when you need us.

**All figures as on 31 December, 2018.

"What are your life goals?" is one of the most common questions that comes to one's mind while taking any step further in Life. Most just answer it by laughing it off or saying we will think about it.

A key reason that they feel this way is that they haven't spent enough time thinking about what they want from their life, and haven't set themselves any goals.

Goals keep changing as per different life stages and one has to plan meticulously for their future.

Deciding your Life Goal is all about planning to "Live your life, your way". There could be various Life Goals such as trotting the globe, becoming a food blogger to starting your own business, owning your dream house, or planning your Childs education or marriage.

L"IF"E is full of IF's... and one needs to plan to secure their loved ones and themselves against the Ifs of Life. When you opt for a life insurance plan, you transfer your family's financial risks in case of any unfortunate event to the life insurer. This allows you and your loved ones to live life fearlessly. Life Insurance protects your family's financial wellbeing from the consequences of living without an income.

When you purchase a life insurance policy, one of your major life goal gets fulfilled i.e. you purchase a sense of security. A safety net that cushions your family members from the financial impact of your sudden absence and ensures that any outstanding debts that were incurred during your lifetime don't fall upon your loved ones.

Having life goals is an important aspect in each one's life. One needs to be SMART and plan out well in advance to ensure nothing goes wrong in the future. Life insurance offers a range of products that could come in handy for meeting your financial goals.

To ensure that it is not too late, get your #LifeGoals insured with us today! It will help you smile in the face of tomorrow's uncertainties and let you live a worry free life!

Depending upon the variant opted for by the Policyholder

1 Online rebate is 15% for (Critical Long Term Health Care & Long Term Family Health Care) and 20% for (Critical Long Term Health Care Plus & Long Term Family Health Care Plus) of final premium arrived at after HSAR.

Note: Please read the glossary in conjunction with the respective Sales Brochure