Aditya Birla Health Insurance - Education Benefit (18-40 years) Cover at Rs. 1,018
Product highlights
Note: This policy is available only for existing Bajaj Finance Limited customers. By proceeding, you agree to the terms and conditions
Key features and benefits
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Coverage up to Rs. 1 lakh, premium Rs. 1,018
Get coverage up to Rs. 1 lakh for accidental death cover. Also, for child’s education expenses in case of accidental disability.
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Children’s education benefit
In case of critical illness or disability due to an accident, education fund for two dependent children up to the sum insured will be payable.
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11 critical illnesses covered
Coverage against specific severity of cancers, coma, and heart attacks, as well as major organ transplants.
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End-to-end online
Complete seven simple steps to apply and get your policy online.
Eligibility criteria and documents required
You need to fulfil the following criteria to buy Education Benefit (18-40 years) cover. If you meet all the eligibility criteria, we will need a few details to complete your application process.
Eligibility criteria
- Exclusively for Bajaj Finance customers
- Nationality: Indian
- Age: 18 - 40 years
Documents required
No documents required to buy the policy.
You only need to provide the following details at the time of buying the policy:
- Name
- Address
- Email address
- Phone number
Step-by-step guide to buy this policy
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Step 1
Click on the ‘Buy Now’ button on this page.
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Step 2
Enter your full name as on your PAN card and mobile number and press the ‘Proceed’ button.
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Step 3
Enter the One Time Password (OTP) received on your registered mobile number for verification.
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Step 4
If your mobile number is present in our records, pre-filled details will appear on the form. You need to review the details. All you need to do is to check if the details are correct.
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Step 5
At this point, the payment page will open. Complete the online payment via one of the following options: UPI, net banking, credit/debit cards, and wallet.
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Step 6
After the payment is successful, you can download the policy receipt instantly.
Download the policy document from ‘My Account’ after 5-7 working days from the purchase date.
Policy details
Here’s a quick look at the policy details of Education Benefit (18-40 years) Cover:
| Policy details | Description |
|---|---|
| Sum insured (in Rs.) | 1 lakh |
| Premium including GST (in Rs.) | 1,018 |
| Policy tenure | One year |
Key inclusions and exclusions
Here’s a quick look at the key inclusions and exclusions under the Education Benefit (18-40 years) Cover:
- Key inclusions
- Key exclusions
| Key inclusions | Description |
|---|---|
| Education benefit | The policy provides an education fund for two dependent children up to the insured amount |
| 11 critical illnesses and personal accidents covered | Permanent total disability or death due to an accident leading to 11 critical illnesses covered |
The policy covers the 11 critical illnesses given below:
1. Cancer of specific severity
2. Myocardial infarction (First Heart Attack – of Specific Severity)
3. Open chest CABG
4. Open heart replacement or repair of heart valves
5. Kidney failure requiring regular dialysis
6. Stroke resulting in permanent symptoms
7. Major organ/bone marrow transplant
8. Permanent paralysis of limbs
9. Multiple sclerosis with persisting symptoms
10. Coma of specified severity
11. Motor neurone disease with permanent symptoms
| Key exclusions | Description |
|---|---|
| Any pre-existing disease | No pre-existing medical illness is covered |
| Waiting period | The initial waiting period for this cover is 90 days, whereas the survival waiting period is 30 days |
| Venereal or sexually transmitted diseases | Does not cover death or disablement caused directly or indirectly by venereal or sexually transmitted diseases |
Product information
For complete details on product benefits, features, terms and exclusions, please read product sales brochure and policy wordings carefully before concluding a sale.
How to claim
Contact the insurer (Aditya Birla Health Insurance) to claim the benefits of the Education Benefit (18-40 years) Cover in the following ways:
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Insurer’s email address
Share your policy document and medical reports at care.healthinsurance@adityabirlacapital.com
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Insurer’s toll-free number
You can also call on the toll-free helpline number - 1800-270-7000 and claim the benefits.
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Documents required to claim
To claim the benefits of the Education Benefit (18-40 years) Cover, you need to present the following documents:
1. Policy document received at the time of purchase
2. Discharge summary
3. Complete billing details in case of reimbursement
4. Medical reports
In case of cashless treatment, the network hospital will directly share the billing details with the insurance company. Insurer will then settle the bills with the network hospital before discharge.
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Contact Bajaj Finance Ltd.
In case you have any queries related to coverage, exclusions, or product policy, please write to us at wecare@bajajfinserv.in
Frequently asked questions
Education Benefit (18-40 years) Cover helps parents fund their children’s education at the time of need. Get coverage in case of accidental death or permanent total disability.
The plan gives accidental death and permanent total disability coverage. It gives parents financial support when needed. So, you can continue funding your children’s education in case of medical emergency.
This cover helps parents fund their children’s education in case the insured suffers an accident. You can get coverage up to Rs. 1 lakh in case of accidental death or permanent total disability. Also, the plan covers 11 critical illnesses like cancer, coma, heart attack, and other major illnesses.
Education Benefit (18-40 years) Cover gives a coverage up to Rs. 1 lakh at a premium of Rs. 1,018.
The 11 critical illnesses covered under the plan are:
1. Cancer of specific severity
2. Open heart replacement or repair of heart valves
3. Permanent paralysis of limbs
4. Coma of specified severity
5. Kidney failure requiring regular dialysis
6. Stroke resulting in permanent symptoms
7. Major organ/bone marrow transplant
8. Multiple sclerosis with persisting symptoms
9. Motor neurone disease with permanent symptoms
10. Myocardial infarction (first heart attack of specific severity)
11. Open chest CABG
Also, get coverage for permanent total disablement suffered or death due to personal accident.
