Bajaj Allianz Life Insurance, one of India’s leading private life insurers, has launched Bajaj Allianz Life Superwoman Term (SWT), a comprehensive protection solution exclusively for women. This pioneering solution goes beyond traditional life insurance, offering financial security with term insurance benefits, critical illness benefits covering women specific conditions, an optional child care benefit, and health management services, ensuring holistic protection for women and their families.

Women excel at taking care of their families, and their own financial security should be just as strong. Bajaj Allianz Life Superwoman Term helps them stay financially independent, supports them in securing their life goals by providing financial confidence and stability at every stage of their journey. Key features of the plan include:

Comprehensive Financial Security through term insurance: Understanding the evolving roles of women and their unique financial needs, SWT provides a lumpsum payout to the nominee on death of the life assured to secure the financial future of dependents.

Critical Illness (CI) Protection: With the CI rider, SWT offers coverage against 60 major critical illnesses, including women-specific conditions such as breast, cervix, and ovarian cancers. This ensures they can focus on their treatment without the added stress of financial worries during a time when it matters the most.

Child Care Benefit: Recognizing the importance of securing a child’s future, the plan also offers an optional child care benefit—being launched for the first time with SWT—that ensures a steady monthly income to support the child’s education in case of an unfortunate event.

Health Management Services (HMS): Going beyond financial protection, the plan offers complimentary HMS covering comprehensive health check-ups, OPD consultations, pregnancy-related support, emotional wellness programs, and nutritionist guidance—a feature that underscores the company’s commitment to women’s overall well-being.

Tarun Chugh, MD & CEO at Bajaj Allianz Life Insurance, said, “The women of today are prioritising their health, children’s well-being and financial independence. Providing them with a single financial solution to meet these key needs is our main goal with our latest solution – Bajaj Allianz Life Superwoman Term. It’s designed to empower women with the financial confidence as they march ahead to meet their own personal goals. The comprehensive solution can be customised to the varied needs of our women customers - from managing their own health needs or securing the future of their children or loved ones.”

In addition, Bajaj Allianz Life has strengthened its product portfolio over the years with a strong suite of term offerings like Bajaj Allianz Life eTouch II (A Non-linked Non- Participating Individual Life Insurance Term Plan) – designed exclusively for salaried individuals. Bajaj Allianz Life iSecure II (A Non-Linked, Non-Participating, Individual Life Insurance Term Plan) – a dedicated term plan for self-employed professionals.

Bajaj Allianz Life Diabetic Term Plan II Sub 8 HbA1c (A Non-linked, Non-Participating, Individual, Pure Risk Premium Life Insurance Plan)  – India’s first term plan specially for individuals with diabetes. Bajaj Allianz Life Invest Protect Goal III (A Unit-linked Non-Participating Individual Life Savings Insurance Plan) – a distinctive solution that combines high life cover with the opportunity for market-linked returns. The portfolio includes an array of products catering to diverse customer segments. 

The Company continues to uphold its commitment to reliability with a 99.23% claim settlement ratio (Individual Death Claim Settlement Ratio for FY 2023-2024) and a solvency ratio of 432% (as on 31st March 2024). With its innovative and customer-centric approach, Bajaj Allianz Life remains at the forefront of addressing the protection needs of its evolving customers.