Bajaj Allianz Life Insurance has unveiled a new women-centric term insurance solution—Bajaj Allianz Life Superwoman Term (SWT)—that offers a comprehensive blend of financial protection, critical illness coverage, and health management services. Tailored exclusively for women, this pioneering plan empowers them to safeguard their own futures while ensuring their children’s well-being.
Key features of the plan include lump sum payouts on the death of the life assured, coverage for 60 critical illnesses including breast, cervix, and ovarian cancers, and an optional child care benefit that ensures monthly income for children’s education in case of an untimely demise. Notably, the plan also offers complimentary health management services worth up to ₹36,500 annually, including OPD consultations, emotional wellness programs, and pregnancy-related support.
In Guwahati, where financial awareness among working women and young mothers is on the rise, the SWT plan is expected to resonate strongly. With growing demand for holistic insurance products that combine financial, health, and child-focused benefits, this offering aligns well with the evolving needs of the urban middle class in the region. Tarun Chugh, MD & CEO, emphasized that the plan is “designed to empower women with financial confidence.” The company continues to strengthen its portfolio, maintaining a high claim settlement ratio of 99.23% and a solvency ratio of 432%.