Dailymirror.news, Pune,31 January 2025: Bajaj Allianz Life, a leading private life insurer in India, has introduced the Bajaj Allianz Life New Critical Illness Benefit Rider—a non-linked, non-participating, individual pure risk health rider. This rider provides coverage for up to 60 major critical illnesses (CIs), helping customers safeguard their savings during medical emergencies. It is available as an add-on with the company’s flagship term plan, Bajaj Allianz Life e-Touch II.

Strengthening Financial Security Against Medical Uncertainties

The Critical Illness Benefit Rider is designed to bridge financial gaps in healthcare costs:

  • For those without Mediclaim – Acts as a financial cushion, preventing savings depletion during a medical crisis.
  • For basic Mediclaim policyholders (₹5 lakh coverage) – Helps cover treatment expenses that exceed policy limits.
  • For high Mediclaim policyholders (₹50 lakh coverage) – Provides additional financial stability by compensating for loss of income and protecting one’s lifestyle.

Tarun Chugh, MD & CEO, Bajaj Allianz Life, stated, “Adding the Critical Illness Rider to your policy is like a booster shot for your financial health. A serious illness can lead to unexpected expenses, disrupting long-term financial plans. This rider ensures financial security, allowing you to focus on your life goals without worrying about medical costs.”

Comprehensive Coverage – Available for individuals aged 18 to 80 years, covering major illnesses like cancer, heart attack, and stroke.
Flexible Options – Choose from three rider plans:

Bajaj Allianz Life New Critical Illness Benefit Rider

  • Critical (10 major CIs)
  • Enhanced (25 major CIs)
  • Comprehensive (60 major CIs)
    Tax Benefits – Eligible for tax deductions as per applicable laws.
    Health Management Services – Access to medical second opinions and consultations from registered service providers.

With this rider, Bajaj Allianz Life empowers policyholders with greater financial security, ensuring they can face health challenges without financial distress.