Bajaj Allianz Health Insurance

Life is full of uncertainties and to sail through it smoothly, it is important to have a financial back-up in place. Skyrocketing costs of procuring medical treatments often leave people in financial distress. Here come health insurance policies such as Bajaj Allianz Health Insurance in to the picture that takes care of all those unplanned expenses.  Bajaj Allianz Health Insurance plans offer health coverage against hospitalization expenses incurred due to an illness or accidental injury and thus provides relief from sudden financial crunch.

What are Bajaj Allianz Health Insurance Plans?

Health insurance plans offered by Bajaj Allianz are comprehensive in nature, which can be availed at an affordable premium. Available in multiple types, these plans can be availed as per one’s insurance requirements. These health insurance policies also help the insured to save tax up to Rs 1 Lakh under section 80D of Income Tax Act 1961.

If the policyholder opts for health insurance for his or her spouse, children and parents, he or she can get Rs 25000 p.a. deduction against taxes. While If the person pays the premium for his or her parents, who are senior citizens, he or she can avail the tax benefit of up to Rs 50,000

If a person is above the age of 60 and is still paying the premium for his or her parents, then that person can avail a tax benefit of up to Rs 1 lakh

Why to Choose Bajaj Allianz Insurance Plans?

Bajaj Allianz Insurance plans are comprehensive and exclusively curated to provide health cover of varied range. With an impressively swift and high claim settlement ratio of 98%, these plans also provide cashless claim facility, at 6500 plus network hospitals. 

Features and Benefits of Bajaj Allianz Health Insurance Plans

Some of the features of Bajaj Allianz health insurance are:

Bajaj Allianz health insurance plans provide a comprehensive financial coverage to the policy holder

• The claims applied for in Bajaj Allianz are settled within 1 hour in case of cashless facility
• A wide range of insurance policies offered by Bajaj Health Insurance can be customized according to the requirements of the customers
• It provides quick and hassle-free purchasing and renewal of policies
• Many plans offered by this insurance provider offer the flexibility to pay premiums and get pay-outs as per their convenience.
• 24X7 assistance in claim settlement
• Bajaj Allianz provides value added services to its customers, which help them in saving 30% on medicines, OPD expenses, etc.
• The plans offered by this insurance provider boast of lifelong renewal
• The insurer offers savings on premiums to its loyal customers

Benefits of Bajaj Allianz Health Insurance

Bajaj Allianz health insurance helps the insured to get the best healthcare available without breaking the bank. Some of the policy benefits are as follows:

• The policy covers hospitalization expenses including the expenses such as nursing, boarding, room rent, surgeon’s expenses, OT charge, ICU cost, medicines etc.
• The policy covers pre and post-hospitalisation expenses up to a defined duration
• Multiple sum insured options to choose from
• The policy offers restoration of sum insured amount in case of exhaustion of the basic SI
• The policy covers organ donor expenses
• Individual health insurance policy offers maternity coverage, including newborn baby care
• Covers Ayurvedic expenses up to Rs 20,000 under Gold Plan of Individual policy
• Daycare procedures are covered up to a defined amount 

Types of Bajaj Allianz Insurance Plans 

Bajaj Allianz offers wide range of health insurance products to provide financial security against unforeseen circumstances of life. These are:

Bajaj Allianz Health Guard Individual Policy

 This plan is affordable and covers the hospitalisation expenses of the insured person in case of an emergency situation. Some of its features are:

• The Health Guard policy provides access to cashless hospitalisation in as many as 6500 network hospitals
• While the pre-hospitalization expenses are covered for 60 days, post- hospitalisation medical bills are covered for 90 days
• This policy covers emergency road ambulance charges up to Rs 20,000
• The policy covers day care procedures as well
• The policy comes with lifetime renewability benefit
• A preventive health check-up facility in every 3 years
• The policy can be availed for 1,2,3 years
• Policy availed for more than a year draws a saving of 20%
• Sum insured options range from Rs 1.5 lakh to 50 lakh 

Bajaj Health Guard Family Floater Plan

Bajaj Health Family Floater Plan covers the entire family including spouse, children or immediate family members under one health insurance policy. The purpose of this plan is to take care of the hospitalisation expenses in case of severe illness or injury. The sum assured can be used to meet the medical expenses of any member of the family and divided equally among the members.

Some of the policy highlights are:

• This plan covers the rent of the hospital room and the ICU room
• The policyholder can renew the policy up to the age of 80 years
• This plan provides compensation on ambulance charges up to Rs 20,000
• It provides cumulative bonus of 10% on every no-claim year
• The policyholder can avail free health check-up
• Convalescence benefit of Rs 5,000 per year
• Sum insured option ranges from Rs 2 lakh to 10 lakh
• Sum insured can be increased at renewals

 Bajaj Allianz Extra Care Health Plus

This top-up policy can be bought to increase the coverage beyond the amount promised in the original plan at a minimal extra cost.

Some of the policy features are:

• This plan helps in extending the coverage amount of the policy at a very nominal extra charge
• This plan covers pre and post hospitalization expenses for 60 and 90 days respectively
• Ambulance charges up to Rs 3000 is covered in this plan
• It also covers organ donor expenses
• No medical test is needed up to the age of 55 years
• The policy offers an extended age limit up to 80 years

Bajaj Allianz Global Personal Guard Policy

Personal Guard Policy offers protection against bodily injuries or death caused due to accident. Under this plan, the policyholder can even cover his family.

Some of the policy features are:

• This plan promises to offer 200% of the sum insured as compensation to the policyholder in case of a permanent disability
• The policy covers entire family for an extensive coverage
• Bajaj Allianz Personal Guard policy covers the transportation cost for the insured person’s mortal remain equal to 2% of the sum assured up to maximum Rs 5000
• In this plan, the policyholder will get no-claim bonus equal to the 10% to 50% of the sum assured after every claim-free year
• Cover ambulance charges for up to Rs 1000
• Cumulative bonus of 10% is offered for every claim-free year
• An extensive sum insured option up to Rs 25 crore
• Additional covers include accidental expense cover, adventure sports benefit, air ambulance cover, children education benefit, EMI payment cover etc.

Critical illness Health Insurance Plan 

This plan provides coverage to the insured person against the listed critical illnesses. A lump sum amount is offered immediately after the insured is diagnosed with a covered illness under the plan. This plan will also cover donor expenses if the need arises.

Here’s the list of 10 medical illnesses covered under this plan:

• Aorta graft surgery
• Cancer
• Coronary artery bypass surgery
• First heart attack
• Kidney Failure
• Major Organ Transplant
• Multiple sclerosis with persisting systems
• Permanent paralysis of limbs
• Primary pulmonary arterial hypertension
• Stroke

The policy offers coverage to the entire family for 10 critical illnesses

Sum insured Rs 1 lakh to Rs 50 lakh available for the age group 6 years- 60 years

Sum insured Rs 1 lakh to Rs 5 lakh to be availed by the age group 61 years-65 years

100% payable benefit

Bajaj Allianz Silver Health Insurance Plan

This mediclaim policy is exclusively designed for senior citizens that provide financial protection against critical illnesses, hospitalisation and medical check- ups.

Some of its features are:

• This plan covers pre-existing illnesses after 1 year of the policy
• Ambulance cover of Rs 1000 per claim
• 130 daycare procedures are covered
• Pre and post-hospitalisation expense cover up to 3% of SI
• This plan provides 10% to 50% of no-claim bonus for every claim free year
• The policyholder can avail free health check-ups at selected centres
• Cashless facility with quick disbursement of claim
• This insurer offers 5% savings on family plan
• Sum insured options ranging from Rs 50,000 to Rs 5,00,000

Bajaj Allianz Health Care Supreme Plan

This Bajaj mediclaim policy offers protection to you and your family and takes care of medical expenses at every stage of life. Some of its features are:

• This plan offers cashless treatment in more than 6500 network hospitals
• The policy can be availed as Individual, Floater and Group policy
• The sum assured increases at the time of the renewal of the policy
• Pre and post hospitalistaion expense cover for 60 and 90 days respectively
• In-patient hospitalistaion expense cover
• Apart from road ambulance cover, this plan covers air ambulance charges up to 10% of the sum assured
• The plan promises lump sum pay-out for organ donor’s treatment
• 15 critical illnesses are covered under this plan
• Road ambulance cover
• OPD expense cover
• Daycare procedure cover
• Recovery benefit
• Restoration of sum insured
• AYUSH treatment cover

Bajaj Allianz Hospital Cash Daily Allowance Plan 

This plan offers protection to the insured and their family against the financial crisis that may arise due the hospitalisation. It takes care of daily expenses during this period. This plan covers the entire family.

• While the entry age for children is 3 months to 21 years, the minimum entry age for adults is 18 to 65 years. The various sum assured options available under this plan are:
  • Rs 500 per day
  • Rs 1000 per day
  • Rs 2000 per day
  • Rs 2500 per day 

• The policy benefits double in case of ICU admission
• The insured can avail income tax benefits
• Save up to 5% on family plan

Bajaj Allianz Star Package Health Insurance

This is a family floater plan which provides all round protection to the insured person’s family against various risks that they are likely to face. This plan provides coverage under different sections. These are:

Health Guard

• This plan offers protection in case of accident along with cashless advantage for the hospitalization
• Covers pre-hospitalization and post hospitalization expenses
• Covers ambulance charges up to Rs 1000
• Can avail tax benefits for upto Rs 35000 under Income Tax Act, 1961
• Road ambulance cover
• Daycare procedure cover
• Organ Donor Expense cover

Hospital Cash

• This cover will offer cash benefits per day for hospitalization more than 24 hours

• It provides a daily allowance for expenses incurred in the hospital
• Daily allowance includes Rs 500, Rs 1000, Rs 2000, Rs 2500
• This section also covers spouse and children admitted to the hospital

Critical illness

This section offers a lump sum amount if the insured is diagnosed with any of the critical illnesses mentioned in the policy. This amount can also be utilised to pay donor expenses in case of transplant operation.

Personal Accident

This section provides protection against temporary disability, accidental permanent/partial disability, accidental permanent total disability and accidental death.

 Education Grant

This grant will be paid in case of total disability or accidental death to the nominee. This amount will help in fulfilling educational necessities of the children after the death of the insured person.

Household Mishaps

This section offers cover for damages or losses due to burglary or attempt of burglary. It also covers damages caused due to lightning, impact damage, explosion, aircraft damage, missile testing, earthquake, riots, landslide or fire.

Travel Baggage

This section provides coverage for loss of personal baggage while travelling in India. This may include destruction, accidental loss or any other type of damage.

Public Liability

This section protects against any legal liability that might arise from damage to property or bodily injury to a third party.

The entry age for Bajaj Health Star package for adults is 18-45 years, while the entry age for children is 3 months to 5 years. If one of the parents is insured, then children age 6 years to 25 years can be covered under this plan.

Bajaj Allianz Health Ensure Plan

This plan offers to cover medical cost during hospitalisation due to serious accident or illness. It provides cashless treatment in 2400 network hospitals. Along 2% of admissible pre and post hospitalisation expenses, this plan also covers ambulance transportation charges.

Entry Age: 3 months to 55 years

Sum assured: Rs 50,000, Rs 75000, Rs 1 lakh

Bajaj Allianz Tax Gain Plan

This floater plan not only covers outpatient and hospital expenses, but also helps in tax management. This plan provides cashless treatment in 6500 network hospitals, free health check-ups after 4 claim-free years, covers ambulance expenses up to Rs 1000. If the insured is admitted to a non-network hospital than 10% of the co-pay is applicable. The entry age for this plan is 18- 75 years.

Some of the policy features are:

• Out-patient and hospitalisation expense cover for self and family
• Pre and post hospitalization cover
• 130 daycare procedure cover
• Free health check-up at Bajaj Allianz empanelled health centres after four claim-free years
• Separate plan for senior people covering OPD and hospitalization benefits

Bajaj Allianz M-Care Health Insurance Policy

Bajaj Allianz’s M-care health insurance policy provides protection against mosquito-borne diseases like dengue, malaria, chikangunya, zika virus among others. This policy helps in covering the financial burden that may arise due to vector borne diseases. It offers cashless treatment at network hospitals.

Some of the key features of this policy are:

• The policy sum insured can be availed as individual and floater basis.
• The floater policy provides protection to the entire family including the insured person, spouse, dependent children and dependent parents
• This policy provides access to cashless treatment, which is subject to cashless authorisation and limit of benefits
• This policy promises 20% savings on premium if the policyholder purchases the policy from Bajaj Allianz’s official website
• Bajaj Allianz’s M-Care policy offers lifetime renewal benefits
• It also provides a free look period of 15 days
• This policy provides protection against diseases like dengue, malaria, filariasis, kala azar, chikangunya, Japanese encephalitis and zika virus
• Any treatment other than for vector borne diseases is not included in the plan
• The person will not be eligible to seek the benefit of the policy if the admission to hospital is for less than 24 hours
• Other than New Zealand, Singapore, Switzerland, USA, Malaysia, Japan, Canada, Dubai, Hong Kong and countries from European Union, this policy is not applicable in any other country
• The policyholder will not be able to enjoy the benefits of M-Care policy, if he or she has been diagnosed with vector borne disease in the first 15 days of the purchase of the policy
• However, if the policy has been renewed, the insured person can avail the benefits. Moreover, no claims should have been made in previous year
• A 60-day waiting period will be applicable for any pre-existing diseases for which the policyholder had to undergone a treatment before buying the M-Care policy
• The policyholder will get a lump sum benefit if he or she is diagnosed with any vector-borne disease
• Hassle-free claim settlement process

Arogya Sanjeevani Health Insurance Policy

Arogya Sanjeevani is a standard health insurance policy that provides health insurance at lowest premiums. It promises to provide comprehensive benefits at affordable prices. Some of its important features are:

• The policy offers extensive coverage for medical expenses.
• Aarogya Sanjeevani provides coverage against hospitalisation, which includes room rent, boarding and nursing expenses, Intensive Care Unit (ICU) and Intensive Cardiac Care Unit (ICCU) expenses along with road ambulance expenses
• All day care treatment for listed modern treatment methods
• Ayush treatment – medical expenses incurred for in-patient care treatment under Ayurveda, Naturopathy, Yoga, Unani, Siddha and Homeopathy during each policy year up to the limit of sum assured.
• Medical expenses incurred due to cataract treatment are covered.
• 10% savings on premium for family policy
• 5% savings offered if bought through online 

Bajaj Allianz Health Insurance Plan Exclusions

The policy exclusions include the following:

• These plans do not provide cover against cosmetic surgeries
• None of the dental procedures are covered in these plans
• These plans do not cover treatments for self-inflicted injuries
• HIV-related treatments, congenial diseases, treatments for any sort of substance abuse or alcohol addiction, fertility related procedures are not included in these plans
• The claim will not be processed if the insured person has committed suicide
• No claim is processed in case it is registered within the first 30 days of the policy, except for an accidental claim

Eligibility Criteria for Bajaj Health Insurance Plans

The minimum eligibility criteria to buy this plan are mentioned below:

Claim Process for Bajaj Allianz Health Insurance Plans

Bajaj Allianz provides two types of claims: Cashless claim and Reimbursement claim. 

Cashless Claim:

• To initiate a cashless claim process, the family of the insured person must inform the insurance provider within 24 hours of emergency hospitalisation and if it is a planned hospitalisation, the insurance provider must be informed 48 hours prior.
• Display the health card at the network hospital desk. The hospital authority will verify details and submit a duly filled and signed form
• Bajaj Allianz will verify the details and send the approval letter to the TPA at the hospital
• The hospital will begin cashless treatment for the policyholder until he or she is discharged
• The incurred bills will be settled directly by the insurer

Process of Bajaj Allianz Health Insurance Plan Renewal 

Bajaj Allianz health policy can be renewed in two simple steps online with Paisawiki.com:

• Visit the official website at paisawiki.com and go to the “Renewal” option.
• The policyholder has to fill in the basic details like the policy number and date of birth.
• Pick the renewal quote and make the payment via credit card/debit card, net banking, e-wallet, etc.
• Renewal is done. The renewed policy softcopy will be sent to the registered mail ID. 

How to Buy Bajaj Allianz Health Insurance Policy?

The health insurance plans offered by Bajaj Allianz can be purchased through multiple channel. However, online buying is the easiest among them. Here’re the steps:

• The customer can visit the website paisawiki.com and leave their name, mobile number and email id to request for a call back from the representative or apply on own by clicking on the “Get Free Quote” option.
• The customer can apply for plans themselves by just clicking on ‘Buy Now’ tab after thoroughly studying about the different plan options.
• Pay the premiums online and buy.
• For people who are not well versed with digital platform can visit the nearest Bajaj Allianz branch for details.

Documents Required to Buy Bajaj Allianz Health Insurance Plan

Given below is the list of documents required to purchase health insurance policies from Bajaj Allianz:

Proposal form

• Age Proof – birth certificate, 10th or 12th marksheet, passport, Aadhaar card, Voter ID card, Driving license, PAN card
• Identity proof – Aadhaar card, passport, Voter Id, driving license, PAN card
• Address Proof – Electricity bill, telephone bill, ration card, passport, voter id, driving license
• Passport size photos 

Bajaj Health Insurance Policy Review

Bajaj Allianz offers a range of affordable and customised insurance policies to protect against high medical costs. They have high claim settlement ratio among all the insurance providers. Right from premium to benefits offered, it makes for a good investment option. 

Frequently Asked Questions