Life Goals Loading…

    11

    Notifications11

    • Convert Your Saving into Investments to Fulfil Future Life Goals.

      CALCULATE NOW
    • Get Life Cover worth Rs.1 Crore at Rs.18 per day2 – Bajaj Allianz Life Smart Protect Goal

      PLAN NOW
    • Fulfill your Life Goals with Bajaj Allianz Life Goal Assure

      PLAN NOW
    • Life Insurance Term Plan with Return Of Premium

      WATCH NOW
    • Get your Life Goals Done with Bajaj Allianz Life Smart Assist – BINA MILEY MIL-KAR

      KNOW MORE
    • Checkout Quarterly Market & Macro Overview - Oct'20

      KNOW MORE
    • Is your weight right according to your height?

      Calculate BMI Now
    • Find out your Immunity Score right away!

      Calculate Now
    • How much Insurance do I need

      KNOW MORE
    • Paying your Renewal Premium is Quick and Easy!

      Pay Now
    • CIO commentary on RBI Monetary Policy: October 2020

      READ MORE

    Looking for a Term Plan?

    Get Exclusive Discount on online purchase^

    Have us call you

    Please enter a Name
    Please enter a Mobile No.

    ^3% Discount is available for regular premium and limited premium payment frequency under all variants of Bajaj Allianz Life Smart Protect Goal A Non Linked, Non-Participating Pure Life Term Insurance Plan.

    Please select a option
    Please select a option

    Thanks for sharing your details, A Sales representative from
    Bajaj Allianz Life will contact you shortly.

    Dear Customer, we request you to connect with us in our next business working hours, (Monday to Saturday 24*6) Thank you, Have a great day ahead

    Have Us Call You

    Get your Life Goals Done

    Have us call you

    Please enter a Name
    Please enter a Mobile No.
    Please select a option

    Critical Illness Cover Policy or Rider Benefit: What makes more sense?

    Critical illness cover or critical illness rider - which one do you choose

    Critical Illness Cover Policy or Rider Benefit: What makes more sense?


    calender-blue

    Dec 24, 2018

    By : Bajaj Allianz Life

    Sometimes we have to handle a few hurdles in our road to realizing our life goals. Usually, these hurdles arrive when we least expect them.

    Critical Illness, such as heart ailment, diabetes or cancer, is one such possible problem. Since critical illnesses have the potential to derail our finances, it makes sense to be better prepared for such an eventuality. With the growing prevalence of critical illnesses, it is better to prepare for such an eventuality financially.

    While indemnity health insurance policies take care of hospitalization related expenses, they may be found wanting in case of critical illnesses, where the non-hospitalisation costs can be much high.

    A critical illness cover, which pays a lump sum amount when you are diagnosed with a disease of serious nature, can be an excellent complement to your primary health insurance plan.

    Benefit Of Going For A Critical Illness Rider
    • Critical illness covers are available as separate policies as well as a rider with a life insurance policy. Should you go for a different plan or would you instead buy it as a rider with another plan?
    • Critical illness riders are convenient because they come with life insurance policy, and so you don't need to pay the premium separately. You can avail the cover by paying an additional premium with the basic policy.
    • The sum assured of the critical illness rider is often the same as the base policy cover with a cap sometimes on the maximum sum assured. In most cases, you don't need to take a medical test to buy a critical illness rider.
    Advantages Of A Separate Critical Illness Cover Policy
    • Though buying a rider seems more convenient, it has its limitations as it is attached to base policy and hence for someone looking for a comprehensive cover, a critical illness rider offers a limited relief.
    • For a more comprehensive critical illness cover, a separate plan is a better option. A critical illness rider typically covers 10-12 diseases at most. On the other hand, a separate critical illness plan covers 20-30 critical illnesses. For example, Bajaj Allianz Life Health Care Goal, a critical illness plan, covers as many as 36 serious diseases.
    • Having a separate plan has its advantages. You can purchase a cover of your choice based on your needs and do not necessarily have to mirror a life plan which has an entirely different purpose.
    • Advantage of having a separate critical illness cover plan is that you have much more option to customize your plan as per your needs. For example, you can add your family members to the plan; you can enhance the cover by adding additional riders to make it perfect for your particular requirement.

    Bajaj Allianz Life Health Care Goal comes in different variants. Critical Long-Term Healthcare is for an individual, while Critical Long-Term Family Healthcare is for the family. It also has variants that come with the return of premium feature.

    So, while a rider option is packaged as a cheaper way of covering critical illnesses, a separate plan is more cost-effective as it has a more comprehensive cover and more flexibility. Be aware of your needs before you decide to go for a critical illness cover so that you can get maximum advantage of a critical illness cover.

    Bajaj Allianz Life Videos

    Video Icon

    Khushiyon Ka Return Gift | Happy Diwali | Bajaj Allianz Life

    Video Icon

    #SavingsToLifeGoals - Bajaj Allianz Life

    Video Icon

    Smart Protect Goal | Pay For 5 Years, Get Term Insurance Coverage For Life | Bajaj Allianz Life

    Video Icon

    Happy Independence Day 2020 | #IndiaSolveKarteJaa | Bajaj Allianz Life

    Video Icon

    Flexi Income Goal – Variants, Features, Benefits Explained

    Video Icon

    Why Choose Bajaj Allianz Life To Help Get Your #LifeGoalsDone?

    Video Icon

    #DostiWithDad - Happy Father's Day | Bajaj Allianz Life | Life Goals Done

    Video Icon

    Covid-19 Survivor Story | Bajaj Allianz Life Smart Protect Goal | Bajaj Allianz Life

    Video Icon

    Lage Raho India - Keep getting your #LifeGoalsDone

    Video Icon

    Don’t Let COVID-19 Lockdown Get in The Way of Your #LifeGoals

    Video Icon

    Coronavirus (COVID-19) Advisory Video #DooriHaiZaroori

    Video Icon

    Coronavirus COVID-19 impact on markets - CIO Commentary | #KeepCalmStayInvested

    Video Icon

    Bajaj Allianz Life Leadership Team | #PlankForIndia

    Our MD & CEO, Tarun Chugh launches #PlankForIndia campaign and planks with Sanjiv Bajaj MD & CEO, Bajaj Finserv and Chairman Bajaj Allianz Life & the rest of the group leadership team.

    Video Icon

    #PlankForIndia | Bajaj Allianz Life

    Bajaj Allianz Life will contribute to the training and development of India's future sports stars. Come together to Plank for Good Health, PlankforIndia.

    Video Icon

    #PehlaDinPehlaResolution

    #PehlaDinPehlaResolution | Happy New Year | Smart Protect Goal | Bajaj Allianz Life

    Video Icon

    Bajaj Allianz Life Goal Assure

    Bajaj Allianz Life Goal Assure - A ULIP Investment Plan To Achieve Life Goals

    Video Icon

    Valentine's Day

    Valentine's Day

    Video Icon

    Bajaj Allianz Health Care Goal

    A Comprehensive Health Insurance Plan with Critical Illness Cover | Bajaj Allianz Life Health Care Goal

    Video Icon

    #36SecPlankChallenge video

    Promote Healthy Living for a Better Tomorrow with our #36SecPlankChallenge

    Contact Us

    Bajaj Allianz Life Insurance Company Ltd.

    Bajaj Allianz House, Airport Road, Yerawada, Pune - 411 006, Maharashtra

    Tel No: 020-66026773

    Fax No: 020-66026789

    Branch Visit Timings:

    Weekdays - 9:00 AM to 3:30 PM

    Customer Care Helpline:

    1800-209-7272

    Monday to Saturday: 9:00 AM to 7:00 PM (IST)

    For NRI: +91 20 67871700 (Call charges apply)

    Monday 07.00 AM to Sunday 07.00 AM

    Sales Enquiry Helpline:

    1800-209-4040

    Monday to Saturday: 9:00 AM to 7:00 PM (IST)

    For NRI: +91 20 67688888 (Call charges apply)

    Monday to Saturday: 9:00 AM to 7:00 PM (IST)

    Find Us Online