Bajaj Allianz 'Life Health Care Goal' launched; details here

Bajaj Allianz Life Insurance on Monday launched a new plan covering 36 critical illnesses for a family of up to six on payment of one premium. The plan named Bajaj Allianz Life Health Care Goal covers illnesses pertaining to heart, lung, liver, cancer, major head trauma, multiple sclerosis, brain surgery among others, managing director and chief executive officer of the insurance firm Tarun Chugh told mediapersons here.

"Each individual in the family will be covered by a separate sum assured: self, spouse and children," he said.

Furthermore, a claim made for one member does not reduce the sum assured for others, he said.

The insurance plan comes with the 'Return of Premium' feature also, he said.

Bajaj Allianz Life Health Care Goal is the only critical illness policy that covers encephalitis and meningitis, and others affecting children, he Chugh claimed.

In case the policy-holder faces permanent total disability following an accident, or suffers from critical illness or dies, all future premium payment would be waived, he said. Besides, the policyholder can claim the benefit of the plan in addition to the hospital reimbursement he or she may have, he said. 

"Bajaj Allianz Life Health Care Goal 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 and 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, says the company's official website. The plan allows a person to to choose from four variants depending on her/his need for comprehensive health cover and also avail tax benefits under Section 80(D) of the Income Tax Act, 1961.

The plan named Bajaj Allianz Life Health Care Goal covers illnesses pertaining to heart, lung, liver, cancer, major head trauma, multiple sclerosis, brain surgery among others, managing director and chief executive officer of the insurance firm Tarun Chugh told mediapersons here.