Bajaj Allianz Launches ‘Criti-Care’ Critical Illness Cover, Check Details Here

Bajaj Allianz General Insurance today revealed the introduction of 'Criti-Care,' a critical illness policy that enables customers to customise their coverage by choosing any or all of the policy's five parts, as well as the waiting period and survival period. As stated in the policy, this policy covers 43 vital illnesses in both the initial and advanced stages. According to the company, the concept behind this initiative is to not only provide customers with the ability to configure the policy according to their requirements but also to offer them much-needed financial assistance in critical periods to help them recover quickly and efficiently. Criti-Care is a benefit-only plan, which ensures that once a customer is infected with the listed illness, they will receive a lump sum.

Each section's sum insured ranges from Rs 1 lakh to Rs 50 lakh. The policy's maximum gross Sum Insured is Rs 2 crore. Cancer Care, Cardiovascular Care, Kidney Care, Neuro Care, Transplant Care, and Sensory Organ Care are the policy's five sections. Each section has a distinct list of illnesses divided into two categories: 'Category A' for initial ailments and 'Category B' for late-stage ailments. If the claim comes under Category A, the individual is liable for 25% of the section's sum insured, while a claim under Category B is eligible for 100% of the section's sum insured. The individual can select a waiting period of 120 days or 180 days, as well as a post-diagnosis survival period of 0 days, 7 days, or 15 days. This plan is designed on an individual basis and can be obtained for one, two, or three years.

The premium for this scheme is determined by the Member's age, the Sum Insured chosen, the Critical Illness "Section" chosen, the Waiting Period, and the Survival Period. The individual can also take advantage of additional privileges that are incorporated into the policy, up to the policy's limit. Cancer Reconstructive Surgery, Cardiac Nursing, Dialysis Care, Physiotherapy Care, and Sensory Care are among the benefits provided. Tapan Singhel, MD & CEO of Bajaj Allianz General Insurance, stated on the policy's launch, saying, "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, etc. that can help them with faster recovery. Thus, enabling them to stay worry-free and live a life of dignity."

Sum assured (SA) options available under the policy

Section	Minimum SA for entry age 18-65 years	Maximum SA up to entry age 60	Maximum SA for entry age 61-65
Cancer Care	1 lakh	50 lakhs	10 lakhs
Cardiovascular Care	1 lakh	50 lakhs	10 lakhs
Kidney Care	1 lakh	50 lakhs	10 lakhs
Neuro Care	1 lakh	50 lakhs	10 lakhs
Transplants Care & Sensory Organs Care	1 lakh	50 lakhs	10 lakhs

Premium calculation

Age	Members	Section & Sum Insured			Premium excl. GST in Rs
		Cancer Care	Cardiac Care	Kidney Care
35	Member 1	Rs 50 lakhs	Rs 50 lakhs	Rs 50 lakhs	Rs 5,200
33	Member 2	Rs 25 lakhs	Rs 25 lakhs	Rs 25 lakhs	Rs 2,600
8	Member 3	Rs 10 lakhs	Rs 10 lakhs	Rs 10 lakhs	Rs 930
Waiting period: 180 days
Survival period: 7 days

Adults must be between the ages of 18 and 65 to qualify, whereas children must be between the ages of 3 months and 30 years. Criti-Care has no exit age and the renewal is valid for a lifetime. The policy covers the self, spouse, dependent children and grandchildren, parents and parents-in-law, sister, brother, aunt, and uncle. This policy's premium can be paid in installments, and discounts for wellness, long-term, and online purchases are available as outlined in the policy.

Any critical illness or its symptoms diagnosed within the first 180/120 days of the policy's launch date, as specified in the policy schedule, will be excluded. This restriction, though, will not extend to an insured whose coverage has been renewed without delay for additional years. Second, the insured must survive for 0/7/15 days from the date of diagnosis and completion of the critical illness definition, as specified in the insurance schedule, before the claim benefit is paid.