For a growing number of women, a monthly salary now holds up more than their own plans. It may cover a home loan, a child’s schooling, or the care of ageing parents. Each of those depends on the income arriving on time, month after month. If that income were to stop suddenly, the people leaning on it would feel the gap first.
Most families have no realistic way to absorb that loss on their own. Savings run out. Loans stay due. This risk is covered by term insurance, and it works in the simplest way possible. The policyholder pays a premium. Their nominee receives a fixed amount if the life assured passes away during the policy term. This guide explains the Bajaj Life Superwoman Term, including its coverage, benefits, premium factors, and how it works, so you can decide whether it fits your financial goals.
What is the Bajaj Life Superwoman Term?
The Bajaj Superwoman Term is a term plan designed for women, which is:
- Non-linked (your premiums are not linked to market performance)
- Non-participating (you do not receive bonuses based on the insurance company’s profits).
It pairs a core life cover with inbuilt protection for up to 60 listed critical illnesses and the option to add income continuity for a child’s future. Because it is pure protection, it builds no savings and pays nothing if you outlive the policy term. In most cases, a woman buys the term plan on her own life, which makes her both the policyholder, who owns the plan and pays the premium, and the life assured, whose life the cover is based on.
Why a Women-focused Term Plan?
You might wonder why a term plan is aimed at women at all, when a standard term insurance plan covers anyone. The reasoning sits in a few real gaps. Some serious illnesses, including cancers of the breast and reproductive organs, affect women specifically, so conditions explicitly covered helps eliminate ambiguity during the claims process. Complementing this is a range of health and wellness benefits tailored to women’s needs, including services such as a pregnancy consultation wallet. Additionally, for women who are the primary financial support for their child, benefits like a regular monthly income can support the child’s developmental years.
What Does the Term Plan Cover?
Cover is simply the list of events for which the plan pays out. It is built around four parts, set out below.
| What is covered | What it provides |
| Life cover | A lump sum is paid to your nominee if the life assured dies during the policy term |
| Terminal illness | A lump sum is paid if a terminal illness is diagnosed, up to ₹2 crore sum assured |
| Critical illness (rider) | A lump sum on diagnosis of any of 60 listed critical illnesses, including women-specific cancers |
| Child Care (optional) | A lump sum is paid immediately plus a monthly income starts to support your child until they turn 25 years |
If the chosen Sum Assured is less than or equal to ₹2 crore (the maximum Terminal Illness Sum Assured), the applicable Sum Assured on Terminal Illness will be paid in advance, following which the policy will terminate.
What Extra Benefits Come with the Plan?
Beyond the base cover, a few benefits are worth knowing about. The first is a set of free health management services for women worth up to ₹36,5001 a year. These are preventive and wellness services rather than cash, and they include health check-ups, in-clinic doctor consultations, a pregnancy OPD2 wallet, nutritionist and emotional wellness consultation. There is also a waiver of future premiums if the life assured suffers an accidental total permanent disability, so the cover continues without further payment.
Tax benefits3 may be available on the premiums paid4 and the plan payouts as per prevailing Tax laws. Customers are advised to consult their tax advisor to understand their eligibility before claiming any tax benefits under the policy.
How Much Does the Bajaj Life Superwoman Term Plan Cost?
How much you pay depends on your own profile and your financial needs rather than a single fixed price. Your premium is shaped by a handful of things:
- Your age when you buy, since premiums costs less the younger you start
- The sum assured, meaning the life cover you choose
- The policy term and how long you pay premiums for
- Your health and lifestyle, including whether you use tobacco
- Your comfort to pay premiums, whether monthly, yearly or otherwise
As a reference point, here’s a sample illustration:
| Age at purchase | Life cover | Riders and benefits included | Premium |
| 35 years | ₹1 crore | Bajaj Life New Critical Illness Benefit Rider – ₹ 10 lakhs Sum Assured Bajaj Life Family Protect Rider (Child Care) – ₹ 20 lakhs Sum Assured | ₹3,520 a month |
| 25 years | ₹1 crore | Bajaj Life New Critical Illness Benefit Rider – ₹ 10 lakhs Sum Assured | ₹1,973 a month |
These are illustrations rather than quotes, so your figure will land differently once your age, cover and any medical checks are counted in. One cost that has gone is tax on the premium itself. Since 22 September 2025, GST does not apply to individual life insurance premiums, so the amount you are quoted is what you pay.
What is Bajaj Life’s Claim Settlement Ratio?
For any term plan, the claim settlement ratio is worth checking, because it shows how often an insurer actually pays the claims made to it. It is simply the share of claims settled out of those received in a year. For FY 2025-26, Bajaj Life Insurance reported an individual death claim settlement ratio of 99.33%~, as on 31 March 2026. Its solvency ratio^^ is a measure of financial strength. It stood at 266% against the regulatory minimum of 150%^^. These figures cover the insurer as a whole rather than this plan alone, and they are best read alongside complaint levels.
The Bottom Line
The Bajaj Life Superwoman Term Plan bundles a core life cover with:
- Critical illness protection
- An optional monthly income benefit for a child
- A set of wellness health management services
And all of it at a premium set by your age, cover and term. Whether it suits you depends on who relies on your income and how you want to financially protect them in your absence. Weigh the terms against your own needs, and speak to a licensed advisor before you decide.
Frequently Asked Questions
What is covered under the Bajaj Life Superwoman Term?
It covers death during the policy term, an early payout if a terminal illness is diagnosed, a critical illness rider for up to 60 listed conditions, and an optional childcare benefit which supports the child with monthly income till they turn 25 years.
Does the Bajaj Life Superwoman Term have a maturity benefit?
No. It is a pure term plan, so there is no payout if you outlive the policy term.
Which critical illnesses does it cover?
The rider covers up to 60 listed illnesses, including women-specific cancers such as those of the breast, cervix, uterus, ovary, among others. You can refer to the insurer’s website and sales brochure for more details.
Can I include cover for my child?
Yes. An optional Child Care Benefit pays a lump sum and a monthly income to support your child until they turn 25 years at an additional cost. This is available under the Bajaj Life Family Protect Rider.
Who can buy the Bajaj Life Superwoman Term?
It is designed for women. The exact entry age and cover limits are set out in the sales brochure, so check those before you apply.
Disclaimers:
1Get free Health Management Services for women worth ₹36,500 per year during the policy term. The costs are based on estimated average market price for assumed frequencies of the mentioned services. For more details and T&C, kindly refer HMS link – https://shorturl.at/X6UYz. Bajaj Life reserves the right to commence/discontinue the service/s or change the service provider/s at any time |2OPD: Outpatient Department | 3Tax benefits as per prevailing Section 11 (read with Schedule II, Sr.No.2) and Section 123 (under old tax regime) of the Income Tax Act shall apply. You are requested to consult your tax consultant and obtain independent advice for eligibility before claiming any benefit under the policy. | 4Total Premiums Paid: Total Premiums paid till date w.r.t. the rider option shall be the total of all premiums received under the rider option chosen, exclusive of taxes, extra premium w.r.t. the rider, if any. | ~Individual death claim settlement ratio FY-2025-26 | ^^Solvency ratio 266% as at 31 March 2026 against IRDAI mandated 150%
Bajaj Life Insurance Limited (Formerly known as Bajaj Allianz Life Insurance Company Limited)
BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS / FRAUDULENT OFFERS – IRDAI or its officials do not involve in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.
Risk Factors and Warning Statements: Bajaj Life Insurance Limited, Bajaj Life eTouch II, Bajaj Life New Critical Illness Benefit Rider and Bajaj Life Family Protect Rider are the names of the company and the product/rider respectively and do not in any way indicate the quality of the product/rider and its future prospects or returns. For more details on risk factors, terms and conditions please read sales brochure & policy document of base product and rider (available on www.bajajlifeinsurance.com) carefully before concluding a sale or consult your “Insurance Consultant”. For more details and eligibility conditions. Bajaj Life Superwoman Term comprises of Bajaj Life eTouch II – Life Shield variant (UIN:116N198V08) a Non linked Non- Participating Individual Life Insurance Term Plan, Bajaj Life New Critical Illness Benefit Rider – Comprehensive variant (UIN: 116B058V01) a Non-Linked, Non-Participating, Individual, Pure Risk Health Rider, and Bajaj Life Family Protect Rider – Child Care variant (UIN: 116B056V01) – a Non-linked, Non-participating, Individual, Pure Risk Health Rider. Regd. Office Address: Bajaj Insurance House, Airport Road, Yerawada, Pune – 411006. IRDAI Reg. No.: 116. CIN: U66010PN2001PLC015959, Call us on Customer Care Number: 020-6712 1212, Mail us: [email protected]. The Logo of Bajaj Life Insurance Limited is provided on the basis of license given by Bajaj Finserv Limited to use its “Bajaj” Logo. All charges/ taxes, as applicable, will be borne by the Policyholder.
BLIC-GC-ECNF-23168/26
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