Family Floater Health Guard Plan

Bajaj Allianz General Insurance

Bajaj Allianz General Insurance Co. Ltd. has a Health Guard Plan that covers individuals and they also have the Family Floater Health Guard Plan that is meant for families. The FEATURES of this policy are:

· It is a family floater plan with sum insured ranging between Rs.2 lacs and Rs.10 lacs

· It is a complete protection for the family for hospitalization expenses under one sum insured amount

· No medical tests required up to 45 years and sum insured of Rs.10 lacs

· Pre and post hospitalization expenses cover relevant medical expenses incurred 60 days prior to and 90 days after hospitalization

· 10% co-payment is applicable if the treatment is taken in non-panelized hospitals

· Ambulance charges subject to a maximum of Rs.1000

· Pre-existing diseases are covered after 4 continuous renewal with Bajaj Allianz

· Cumulative bonus of 5% is added so sum insured for every claim free year

· 130-days day care procedures are covered

ELIGIBLE AGE:

· The entry age for the proposer is between 18 years to 55 years. A policy can be renewed till the proposer is 70 years of age

· Children from 3 months to 25 years of age are also eligible to be covered under this policy

PREMIUMS:

The premium range of insurance of an individual and individual plus spouse and up to 4 children is as under:

SUM INSURED	0 – 25 YEARS	26 – 40 YEARS	41 – 45 YEARS	46 – 55 YEARS
Rs.2 lacs	2338/- to 5844/-	2736/- to 6840/-	3591/- to 8978/-	5586/- to 13965/-
Rs.3 lacs	3306/- to 8265/-	3876/- to 9690/-	5054/- to 12635/-	6983/- to 17457/-
Rs.4 lacs	4332/- to 10830/-	5130/- to 12825/-	6517/- to 16293/-	10417/- to 26041/-
Rs.5 lacs	5244/- to 13110/-	6156/- to 15390/-	7980/- to 19950/-	12698/- to 31743/-
Rs.7.5 lacs	6689/- to 16722/-	7511/- to 18776/-	9736/- to 24339/-	15491/- to 38727/-
Rs.10 lacs	8160/- to 20400/-	9163/- to 22907/-	11878/- to 29394/-	19758/- to 49394/-

A service tax of 10.3% will be added to the premium amounts mentioned above.

Like all other health insurance policies, the premium paid towards this is exempt from tax under Section 80D of Income Tax under the current Act.

EXCLUSIONS:

· Any pre-existing diseases/injuries

· Any disease contracted during the first 30 days of commencement of policy

· Certain diseases such as hernia, piles, cataract (the liability is restricted up to 10% of sum insured subject to a maximum of Rs.25000), sinusitis will be covered after a waiting period of 2 years

· Non allopathic medicines

· Congenital disease

· All expenses arising from AIDS and related diseases

· Cosmetic, aesthetic or related treatment

· Use of intoxicating drugs or alcohol

· Joint replacement surgery (other than due to accident) shall have a waiting period of 4 years

A Bajaj Allianz policy can be either bought online from www.bajajallianz.co.in or they may be contacted on their toll free numbers 1-800-225-858 or 1-800-102-5858

The ADVANTAGES of taking this plan from Bajaj Allianz are:

· Cashless facility at over 2400 hospitals across India

· A policyholder can also opt for hospitals other than the ones on the panel of Bajaj Allianz and money will be reimbursed within 14 days after submitting the documents

· Bajaj Allianz has an in-house claim administration department for quicker claim settlement

· Health check ups in designated Bajaj Allianz or reimbursements up to Rs.1000 at the end of continuous 4 claim free years. But this benefit can be availed only by one member of the family