Silver Health Plan

Bajaj Allianz General Insurance Co. Ltd.

The Silver Health Plan is a wonderful plan for senior citizens who have to shell out more money on issues related to their health than the younger generation needs to.
It offers cashless benefits or reimbursements for hospitalization expenses due to illness or accident.

The EXCLUSIVE FEATURES of this plan are:

· This policy is available to anyone who is above 46 years of age

· Pre-existing diseases are covered from the 2nd year of the policy

· Flat benefit of 3% of admissible hospitalization expenses are paid towards pre-hospitalization and post-hospitalization expenses

· If the policyholder is admitted in a non-network hospital then the hospitalization expenses are reimbursed within 14 days from the submission of all documents

· 20% of co-payment of the admissible claim is to be paid by the member if the treatment is taken in a hospital other than the network hospital

· Option of waiver of co-payment is available if an additional premium is given

· Covers ambulance charges in cases of emergency subject to a maximum of Rs.1000

ELIGIBILITY:

· This policy can be taken from the age of 46 years to 70 years

· Renewal of the policy can be done up to the age of 75 years

· Sum insured can be opted from Rs.50000 to Rs.5 lacs

EXCLUSIONS:

· All diseases/injuries existing at the time of proposing the insurance

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

· Certain diseases such as hernia, piles, cataract, benign prostatic hypertrophy, hysterectomy shall be covered after a waiting period of 1 year

· Non-allopathic medicines

· All expenses arising from AIDS and related disorders

· Cosmetic, aesthetic or related treatment

· Use of intoxicating drugs, alcohol

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

· Treatment of any mental illness or psychiatric illness

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

PREMIUMS:

SUM INSURED/AGE

46 – 50 YEARS

51 – 55 YEARS

56 – 60 YEARS

61 – 65 YEARS

66 – 70 YEARS

50000

1995/-

2495/-

3824/-

4780/-

7170/-

1 LAC

2993/-

3742/-

5736/-

7170/-

10755/-

1.5 LACS

3741/-

4677/-

7170/-

8963/-

13444/-

2 LACS

4676/-

5846/-

8963/-

11203/-

16805/-

3 LACS

5845/-

7308/-

11203/-

14004/-

21006/-

4 LACS

8767/-

10962/-

16805/-

18905/-

24199/-

5 LACS

10959/-

13155/-

21006/-

23632/-

29039/-

A service tax of 10.3% is levied on all the premium amounts mentioned above.

Income Tax benefit on the premium paid is given as per section 80D of the Income Tax Act.

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

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

· Family discount of 5%

· Health check up at the end of continuous 4 claim free years

· Claims are settled within 7 working days from the date of fulfilling all the requirements except in the case of non-network hospitals

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