Bajaj Term Insurance
The Bajaj Superwoman Term Plan by Bajaj Life Insurance is a woman-cent ...Read More
A quick read on what this Bajaj Term Insurance term plan covers and why it might be a fit for you.
‘A woman who takes care of everyone in the family deserves a comprehensive solution that provides her protection.’
Bajaj Life Superwoman Term Insurance Plan is a unique offering for female policyholders by Bajaj Life Insurance. This plan offers financial safety to her family in case of her death or diagnosis of any of the 60 listed critical illnesses. The child care benefit offered with this plan provides a regular income (0.1% to 0.5% of the rider sum assured) to cover the education expenses of a dependent child in case something unexpected happens to the mother.
Superwoman Term Plan offers a range of benefits, including:
A quick honest summary — the strengths and the trade-offs.
Eligibility criteria pulled straight from the policy wording.
Let's understand how the Bajaj Superwoman Term Plan works with a simple premium illustration.
Meena, a 25-year-old working woman, is looking for a term insurance plan to safeguard her family financially in her absence.
While researching, she visited PolicyX.com and booked a free appointment. The advisor suggested she buy the Bajaj Superwoman Term Plan.
Meena bought the Bajaj Superwoman Term Plan which offers financial protection along with various women-centric benefits. Let’s understand how the plan works for her with a simple illustration table.
| Age of policyholder | Annual premiums | Policy tenure | Premium payment term | Total premiums paid | Sum assured | Rider Sum Assured |
| 25 years | Rs 22,284 | 40 years | 10 years | Rs 2,22,840 | Rs 1 crore | Rs 10 lakhs |
Key Takeaways:
(i) In case Meena is diagnosed with any of the critical illnesses during the policy tenure, she would receive Rs 10 lakh as rider sum assured.
(ii) In case of her death during the policy tenure, her nominee would receive Rs 1 crore, which would help them fulfill their financial obligations.
Key features that make Bajaj Life Superwoman Term Insurance Plan stand out.
High coverage for women
This plan provides life cover for up to ₹10 crore. Premium rates are lower for women.
Health management services
Free services worth ₹36,500 per year are available under this plan. It includes doctor consultations, nutrition advice, preventive tests, and mental wellness support.
60 critical illness cover:
This plan provides financial support on diagnosis of major illnesses such as heart disease and cancer.
Child care income benefit
There is a regular income paid to support daily expenses and the child's education after the policyholder's death.
Smart exit option
You can exit the plan after the age of 60 and receive the base premiums paid. It helps recover policy costs if cover is no longer required.
There are two plan options available with Bajaj Superwoman Term Plan:
| Plan Options | Benefits |
| With Child Care | Offers a lump sum amount on the policyholder’s death along with a regular monthly income for the children till they turn 25. |
| Without Child Care | Offers a lump sum amount on the policyholder’s death, along with applicable rider benefits if applicable. |
Here is the list of exclusions associated with the Bajaj Superwoman Term plan:
Superwoman Term Plan Bajaj Life is a customized term insurance for women, specially designed for female policyholders to provide the protection they deserve. This Bajaj term plan offers a range of benefits, including death benefits, critical illness coverage, waiver of premium, child care benefits, health management services, etc.
If you are still confused about whether the Bajaj Superwoman Term Plan is the right choice for you or not, you can contact us at PolicyX.com.
We offer No Spam, No Gimmicks, and Only Expert Insurance Advice. So what are you waiting for? Book an appointment with us today.
Superwoman Term Plan Bajaj Life is a customized term insurance for women, specially designed for fem
The 12 most-asked questions about Bajaj Life Superwoman Term Insurance Plan, answered.
PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
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