Overview of SuperWoman Term
The Bajaj Life Superwoman Term Plan is a women-focused life insurance policy built on the Life Shield variant of eTouch II. The plan’s standout addition is the optional Child Care Rider, which provides a lump sum and monthly income to children until age 25 in case of the mother’s death or Accidental Total Permanent Disability (ATPD). Another great addition are its Health Management Services such as teleconsultations, OPD visits, pregnancy care wallet, and preventive check-ups are available from day one.
Experts' Review of SuperWoman Term
Written by Monish Vora
Chief Editor
The Superwoman Term Plan is designed for women who want life cover, critical illness protection, and child-focused financial security in a single policy. The mandatory CI rider makes it suitable for those who value comprehensive health-plus-life coverage, while the Child Care Rider offers strong financial continuity for dependents. The Child Care Rider is most valuable for mothers looking for guaranteed monthly income for children, though in death-only scenarios a higher base sum assured may be more cost-effective.
However, unlike eTouch II, it does not provide Accidental Death Benefit or Return of Premium options, and coverage for housewives is capped at ₹50 lakh versus ₹1 crore in eTouch II. The CI rider’s compulsory nature is a plus for buyers seeking combined protection but limits flexibility for those who prefer pure term cover.
Overall, this plan works best for women with unearned income who can provide the required documentation, eligible NRI housewives, and mothers prioritising the Child Care Rider.
Pros
It is feature rich plan.
Bajaj Life has a solid track record with a good CSR, minimal complaints, and high solvency ratio.
Offers unique Child rider that makes policyholder’s children the beneficiaries in case of accidental disability or demise.
Provides an exit option with full premium refund and allows future premium increases under life stage benefit.
Cons
Premiums are relatively high compared to other plans.
Bajaj Life
Key Insights
Founded
2001
Bajaj Life was established 25 years ago and has built strong credibility over time, backed by its long-standing presence in the market.
Claims Experience
99.32% CSR, calculated as a 3-year average
Bajaj Life settles 99.32% of all claims it receives demonstrating strong credibility.
Complaints
2.8 complaints per 10,000 claims registered
Bajaj Life maintains a low volume of complaints, reflecting strong customer satisfaction and effective service.
Amount Settled
93.42% of total claim amount settled
Bajaj Life shows a reasonable claim payout record, with around 93.42% of the total claim amount settled, indicating moderate settlement efficiency.
The aforementioned ratios have been averaged over three years (FY24-FY26)
Features of SuperWoman Term
Child Care Rider
Standout
In case of demise or accidental total permanent disability of the mother, a mix of lump sum and monthly income benefit would be paid to the children added as beneficiaries under this rider.
Zero Cost Option
Some insurers will return all your premiums if you forego your policy before maturity, during a period specified by the insurer. Meaning you get all your premiums back, while also being protected under the term plan during this time. And SuperWoman Term extends this option.
Waiver of Premium
Some policies waive all future premium payments if you are ever disabled (due to accident) or diagnosed with a critical illness. SuperWoman Term doesn't extend the waiver-of-premium option if you are diagnosed with a critical illness, but you have the option to waive off all premiums if you are permanently disabled (due to accident).
Critical Illness
If you're ever diagnosed with a critical illness, you would want your insurance policy to pay a fixed sum that can help you deal with any monetary obligations and financially support your needs during treatment. SuperWoman Term extends critical illness benefit without too many restrictions and pays up to ₹1.5 Cr so long as you are diagnosed with one of the 60 illnesses listed in the policy brochure.
Special Exit Value
Some insurance companies will return all your premiums if you surrender your policy before maturity, but this can only be possible if you have a policy tenure above a certain number of years and maintain consistent renewals for a minimum period specified by the insurer. This means you get all your premiums back, while being protected under the term plan during this time. SuperWoman Term extends this option.
Add-ons of SuperWoman Term
Premium Holiday
You have the option to skip paying premiums for the years chosen during the policy term
Critical Illness Benefit
Includes the critical illness cover. In case of diagnosis of any of the listed CI, lumpsum payout is made
Child Care Rider
In case of demise or accidental total permanent disability of the mother, a mix of lump sum and monthly income benefit would be paid to the children added as beneficiaries under this rider.
Exclusions in SuperWoman Term
Conditions or treatments that the policy clearly says it will not cover.
Suicides are not covered in the first year.
Death due to intoxication.
If the nominee is involved in the death of the policyholder, that would not be covered.
The policyholder dies with respect to his involvement in criminal activity.
Death by suicide within the first policy year is not covered.
Disclaimer: For illustration purposes only - exact terms are in the policy wording.
What's missing in SuperWoman Term
No Accidental Death Benefit
No option to increase your cover with inflation
No option to decrease your cover over time
You can't recover your premiums after policy matures
Reviews for SuperWoman Term
K
Kabir E. Kaul
Picked Superwoman rider options are solid for CI and disability and payout choice lump sum or income feels practical Satisfied so far ok for
I
Ishaan R. Bhardwaj
Signed up for this plan rider options are solid for CI and disability and payout choice lump sum or income feels practical Feels reliable helps
N
Namrata M. Verma
Signed up for Superwoman payout choice lump sum or income feels practical and rider options are solid for CI and disability Worth it For me so
N
Namrata A. Pillai
Signed up for Superwoman payout choice lump sum or income feels practical but wish the rider list was broader Overall okay Works well ok helps
U
Uday G. Verma
Opted for this plan payout choice lump sum or income feels practical and rider options are solid for CI and disability Overall happy ok helps
Frequently Asked Questions
What is the Bajaj Life Superwoman Term Plan?
What are the benefits of the Bajaj Superwoman Term Plan?
What payout options are available with the Bajaj Superwoman Term Plan?
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