Bajaj Allianz Life Superwoman Term Plan for Women
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.