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Bajaj Allianz Life Superwoman Term Plan for Women

22 April 20251 min read
BANKING & FINANCEBajaj Allianz LifeSuperwoman TermPlan for Women22 April 2025safalsetu.com

Why in the news

Bajaj Allianz Life brought out a women-only term plan that bundles life cover with health and parenting support.

Key facts

  • Superwoman Term (SWT) Plan by Bajaj Allianz Life Insurance.
  • Critical illness rider for 60 illnesses, including breast, cervix and ovarian cancers.
  • Child care benefit (optional): monthly income for the child’s education if the policyholder dies in the term.
  • Health Management Services worth ₹36,500 a year: check-ups, OPD, pregnancy help, nutrition counselling and mental wellness.

Company figures (31 March 2024)

  • Claim settlement 99.23%; solvency 432%; AUM ₹1.18 lakh crore; over 3.93 crore lives.

Exam angle

  • Rider terms: critical illness rider, child care benefit.
  • Part of segment-specific term products.

Test yourself

1. How many illnesses does the critical illness rider of the Superwoman Term Plan cover?

The rider covers 60 illnesses.

2. What is the annual value of Health Management Services in the Superwoman Term Plan?

HMS is valued at ₹36,500 per year.

3. Which insurer launched the Superwoman Term (SWT) Plan?

Bajaj Allianz Life launched the plan for women.