Personal Guard Plan

Bajaj Allianz Health Insurance

Bajaj Allianz’s Personal Guard Health Plan covers expenses incurred on any injuries or death due to accidents.
This policy is available to any Indian citizen between the age of 18 years and 65 years.

The SALIENT FEATURES of this plan are:

· It covers death, permanent total disability, permanent partial disability and temporary total disability

· If a policyholder meets with an accident, her/his family needs to just inform the company about the accident within 14 days from the time of the accident

· If a policyholder dies in an accident, her/his family needs to just inform the company about the death within 14 days along with a copy of the post mortem report

· Children’s educational bonus benefit of Rs.5000 for a child or Rs.10000 for a maximum of 2 children below the age of 19 or 10% of capital sum insured whichever is less

· Daily hospital confinement allowance of Rs.1000 per day for a maximum of 30 days of hospitalization payable in case of hospitalization due to an accident (available with an add on cover)

· Reimbursement of medical expenses up to 40% of valid claim amount or actual medical bills whichever is less in case of hospitalization due to accidents (available with an add on cover)

· In case of temporary total disability, 1% of sum insured or Rs.5000 per week (which ever is less) will be payable subject to a maximum of 100 weeks

The COVERAGE under this policy is a 3-part coverage:

1. BASIC – covers death + children’s education bonus; maximum sum insured can be 100 times the monthly income

2. WIDER – death + permanent total disability + permanent partial disability + children’s education bonus; maximum sum insured 60 times of monthly income

3. COMPREHENSIVE – death + permanent total disability + permanent partial disability + temporary total disability + children’s education bonus; maximum sum insured 24 times of monthly income subject to a maximum of Rs.5 lacs; total + basic + wider + comprehensive not to exceed 120 times of monthly income

ADDITIONAL – medical expenses + hospital confinement

IMPORTANT EXCLUSIONS:

· Accidental body injury that is met through:

· Suicide

· Self inflicted injury

· Pregnancy or child birth

· Pre-existing venereal disease

· Sexually transmitted disease

·  While under influence of alcohol or drugs

· Through deliberate or intentional unlawful criminal act, error or omission

· Consequential loss of any kind or actual alleged legal liability

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 PREMIUMS for this policy are calculated based on the risk levels in the individual professions.

RISK LEVEL 1: Administrative/management functions, accountants, doctors, lawyers, architects, teachers and similar occupations

RISK LEVEL 2: Manual labor, garage mechanics, machine operator, paid driver (car/truck/heavy vehicle), cash carrying employee, builder, contractor, veterinary doctor and similar occupations

RISK LEVEL 3: Workers in underground mines, electric installations with high-tension supply, jockeys, big game hunters, circus performers, mountaineers, professional river rafters and similar occupations

The ADVANTAGES of taking this health insurance plan from Bajaj Allianz are:

· Cashless facility at over 2400 hospitals across India

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

· Highest compensation of 125% of sum insured in case of permanent total disability

· Children’s education is not hampered due to accidental death or injury

· Cumulative bonus at 5% per claim free year subject to a maximum of 50%

· Family discount of 10%

· Claims are settled within 7 working days from the date of fulfilling all the requirements

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