Bajaj Life New Critical Illness Benefit Rider

The Bajaj Life New Critical Illness Benefit Rider is a health rider that adds extra value to your policy at additional cost as the policyholder is assured of a lump sum amount if any covered critical illness arises. The rider is comprehensive as it covers up to 60 major critical illnesses, including cancer, heart attack, kidney failure and stroke. The lump sum payment can be used to cover medical expenses, lost income, and other financial obligations.

Another salient feature of the rider is the inclusion of Health Management Services at no additional cost. These services include medical second opinions, medical case management and medical consultations. This support can help the Life assured obtain an accurate diagnosis of a medical condition and access appropriate medical care when needed.

The table below provides an illustrative comparison of annual premiums across the three rider options for a 40-year-old male with a Rider Sum Assured of ₹10 lakh.

The Premiums shown in the above table are excluding any extra premium, GST/ Other taxes.

(Actual premiums may vary depending on factors such as age, rider option, premium payment term and underwriting.)

A health insurance policy and a critical illness rider serve different purposes. While health insurance generally helps cover eligible hospitalisation expenses, a critical illness rider pays a lump sum benefit on the diagnosis of a covered critical illness, subject to policy terms and conditions. The benefit can be used for treatment costs, income loss, EMIs or any other financial needs.

A critical illness can affect more than just your health. Critical illnesses such as cancer, heart attack, stroke and kidney failure can lead to high treatment costs, prolonged recovery and temporary or permanent loss of income.

According to the World Health Organization (WHO), non-communicable diseases (NCDs), including cardiovascular diseases, cancer, diabetes and chronic respiratory diseases, account for nearly 63% of all deaths in India. In addition, the probability of dying prematurely from one of these major diseases between the ages of 30 and 70 is approximately 23%¹.

• While health insurance can help cover hospitalization expenses, it may not address other financial challenges that often accompany a serious illness, such as:
• Loss of income during treatment and recovery
• Ongoing household and lifestyle expenses
• Loan and EMI repayments
• Rehabilitation and caregiving costs
• Financial commitments towards children or dependents

Bajaj Life New Critical Illness Benefit Rider provides an additional layer of financial protection through a lump-sum benefit that can be used according to your financial needs, helping you focus on recovery while managing ongoing financial responsibilities.

You can add the Bajaj Life New Critical Illness Benefit Rider when purchasing your base policy or on a policy anniversary, subject to underwriting and the rider meeting the applicable policy term and premium payment term requirements of the base policy.

Bajaj Life New Critical Illness Benefit Rider may be suitable for individuals seeking additional protection against the financial impact of serious illness. It can be particularly relevant for people with dependents, financial liabilities or limited income replacement during recovery, subject to their individual needs.

• People with a family history of critical illnesses such as cancer, heart disease or stroke may consider additional financial protection to manage treatment and recovery expenses.
• People looking for protection beyond health insurance to cover expenses beyond hospitalization, such as recovery-related expenses, lifestyle expenses or income replacement.
• People with ongoing loans or financial commitments can use the benefit to help manage obligations such as home loans, education loans or other financial commitments during a medical crisis.
• Individuals with financial dependents, such as a spouse, children or parents, may consider the rider to provide an additional layer of financial security.
• Salaried Professionals and Primary Earners may benefit from financial support during a critical illness that could affect their ability to work and earn an income during recovery.
• Self-Employed Individuals and Business Owners may consider the rider as a financial cushion to help manage personal and business-related expenses if a critical illness impacts their earning capacity.
• Individuals with limited emergency savings may consider a critical illness rider to help manage unexpected medical and household expenses during recovery.

The table below summarises the eligibility criteria for Bajaj Life New Critical Illness Benefit Rider.

All ages mentioned above are age as on last birthday. The rider is also available through the Company's online mode also.

Bajaj Life New Critical Illness Benefit Rider covers up to 60 major critical illnesses across three rider options. If the life assured is diagnosed with a covered critical illness for the first time and survives for at least 14 days after the date of confirmed diagnosis, the Rider Sum Assured is paid as a lump sum, subject to the rider terms and conditions.

The table below shows the illnesses covered under each rider option.

Bajaj Life New Critical Illness Benefit Rider may offer tax benefits^{^} under the applicable provisions of the Income Tax Act, 2025, subject to prevailing tax laws. The availability of tax benefits^{^} depends on your individual financial situation and the applicable tax regulations. Please consult your tax consultant and obtain independent advice for eligibility and before claiming any benefit under the Rider Policy.