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Bajaj Allianz Life Insurance Launches ‘Superwoman Term Plan’ Exclusively for Women.

Banking & Finance | Dated: 22 Apr 2025

In April 2025, Pune (Maharashtra)-based Bajaj Allianz Life Insurance launched a new women-centric term insurance product called Superwoman Term (SWT). This exclusive offering is designed to provide comprehensive financial protection, health benefits, and child care support for women.

🎯 Key Highlights:

  • - The SWT plan covers 60 critical illnesses, including breast, cervix, and ovarian cancers, and offers a lump-sum payout to nominees in case of the policyholder’s demise.

💡 Other Important Facts:

  • (i) The product includes complimentary Health Management Services (HMS) worth Rs 36,500 per year, covering regular health check-ups, OPD consultations, pregnancy-related support, and nutrition counseling.
  • (ii) As of March 31, 2024, the company reported a Claim Settlement Ratio (CSR) of 99.23% and a solvency ratio of 432%, highlighting its financial strength and reliability.

📚 Test Your Knowledge:

Which insurance company recently launched the 'Superwoman Term Plan' exclusively for women?

Correct Answer: Bajaj Allianz Life Insurance​

🚀 Quick Recap: