Bajaj Allianz General Insurance
Bajaj Allianz General Insurance Co. Ltd. has emerged from a joint venture between Bajaj Finserv Limited and Allianz SE.
One of the health insurance policies launched by them is the Health Guard policy.
The FEATURES of this policy are:
· Pre and post hospitalization expenses cover relevant medical expenses incurred 60 days prior to and 90 days after hospitalization
· Cumulative bonus of 5% is added so sum insured for every claim free year
· Family discount of 10%
· Ambulance charges subject to a maximum of Rs.1000
· No medical tests required up to 45 years and a sum insured of Rs.10 lacs
· Pre-existing diseases are covered after 4 continuous renewal with Bajaj Allianz
· 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 5 years of age are also eligible provided both their parents are insured with Bajaj Allianz
· Children from the age of 6 years to 18 years are eligible if one of their parents are insured with Bajaj Allianz
·
PREMIUMS:
|
SUM INSURED |
90 DAYS – 25 YEARS |
26 – 40 YEARS |
41 – 45 YEARS |
46 – 55 YEARS |
|
1 LAC |
1254/- |
1453/- |
1862/- |
2793/- |
|
1.5 LACS |
1882/- |
2110/- |
2727/- |
4190/- |
|
2 LACS |
2338/- |
2736/- |
3591/- |
5586/- |
|
3 LACS |
3306/- |
3876/- |
5054/- |
6983/- |
|
4 LACS |
4332/- |
5130/- |
6517/- |
10416/- |
|
5 LACS |
5244/- |
6156/- |
7980/- |
12697/- |
|
7.5 LACS |
6688/- |
7510/- |
9736/- |
15490/- |
|
10 LACS |
8160/- |
9163/- |
11877/- |
19757/- |
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, 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 a health insurance 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
· No sublimit on room rent and other expenses
· Health check ups in designated Bajaj Allianz or reimbursements up to Rs.1000 at the end of continuous 4 claim free years