Bajaj Allianz Health Insurance - Renewal, Mediclaim, Reviews Online

A joint venture between Bajaj Finserv and Allianz, Bajaj Allianz General Insurance has been providing insurance products from 2001. Apart from health insurance services, they provide a wide range of insurance products such as motor, travel, home and marine insurance.

Features & Benefits of Bajaj Allianz Health Insurance

Affordable plans:

Bajaj Allianz offers a number of health insurance plans for individuals, families and working executives. The plans are designed to provide everyone access to affordable health care services.

Faster claim settlement:

Claims are settled at a much faster pace at Bajaj Allianz. The time taken on an average to settle a claim is just 1 hour.

24/7 assistance:

Bajaj Allianz offers customers assistance on a 24/7 basis. All claims can be settled through this call assistance feature.

Plans provided by Bajaj Allianz Health Insurance

Health Guard

The Health Guard - Individual health insurance policy provides good coverage and comes with cashless claim facility, free health check-ups, etc.

Unique Features of Health Guard

• Complimentary health check-up after completion of 3 claim-free years

• Tax benefit applicable, lifelong renewal option
• Reinstatement of sum insured, hospital cash benefit
• Maternity and newborn baby expenses cover
• This policy provides coverage for hospitalization expenses that includes charges incurred towards room, boarding, nursing, ICU, surgeon, anesthetist, blood, oxygen and other inpatient treatments
• Pre, and post-hospitalization costs
• Ambulance and day care treatment cover
• Organ donation and convalescence advantage
• Provision for bariatric surgery

Plan Details

Policy term (in year)	1, 2 and 3
Entry Age	18 to 65 years
Plan Basis	Individual and Family
Sum Insured Range	Min: Rs.1.5 lakh Max: Rs.50 lakh
Premium	Depends on age, sum insured, etc
Medical Screening	Not a must till 45 years
Co-Payment	As mentioned in the policy document
Waiting Period	As mentioned in the policy document
No Claim Bonus	Yes
Discounts	Family discount

Critical Illness

The Critical Illness health Insurance plan provides comprehensive coverage for specified serious illnesses.

Unique Features of Critical Illness

• Coverage for 10 specified critical illnesses.
• Lump sum will be paid upon diagnosis of a specific ailment
• Tax benefit available

Plan Details

Policy term	Annual
Entry Age	18 to 65 years
Plan Basis	Individual and Family
Sum Insured Range	Min: Rs.1 lakh Max: Rs.50 lakh
Premium	Depends on age, sum insured, etc
Medical Screening	As mentioned in the policy document
Co-Payment	As mentioned in the policy document
Waiting Period	As mentioned in the policy document
No Claim Bonus	Yes
Discounts	Family discount

Extra Care

The Extra Care policy is a top up plan that provides coverage over and above the existing health insurance policy.

Unique features of Extra Care

• Coverage for hospitalization, pre, and post-hospitalization
• Ambulance charges

Plan Details

Policy term	Annual
Entry Age	3 months to 70 years
Plan Basis	Individual and Family
Sum Insured Range	Upto Rs.15 lakh
Premium	Depends on factors such as age, sum insured, etc
Medical Screening	Not a must till 55 years
Co-Payment	As mentioned in the policy document
Waiting Period	As mentioned in the policy document
No Claim Bonus	Yes
Discounts	Family discount

Global Personal Guard

The Global Personal Guard health insurance plan provides international coverage and it is best suited for those who frequently travel outside the country.

Unique Features of Global Personal Guard

• Provides coverage in case of death and disability
• The optional coverage options include hospitalization cost in case of an accident, adventure sports, air ambulance, travel related expenses, road ambulance, loss of job, loan protection, daily cash allowance, fractures, coma
• Education benefit for children
• EMI payment

Plan Details

Policy term	1, 2 and 3 year
Entry Age	Up to 70 years
Plan Basis	Individual
Sum Insured Range	Min: Rs.50,000 Max: Rs.25 crore
Premium	Depends on age, sum insured, etc
Medical Screening	As mentioned in the policy document
Co-Payment	As mentioned in the policy document
Waiting Period	As mentioned in the policy document
No Claim Bonus	Yes

Checklist before Buying Bajaj Allianz Health Insurance

• Finalize the coverage amount
• Choose an appropriate health insurance plan based on individual and family needs
• Finalize on the sum insured and premium payable
• Read the policy document
• Choose the add-on covers
• Keep all documents ready
• Take a look at all the exclusions in the policy document

Documents Required for Purchasing Bajaj Allianz Health Insurance

• Any government issued id proof
• Any government issued address proof
• Medical certificates, if asked by the insurance company

Reasons to choose Bajaj Allianz Health Insurance

Customizable plans

Cashless claim benefit

Extensive coverage

Easy purchase and renewal

Incurred Claim Ratio of Bajaj Allianz Health Insurance

The incurred claim ratio is defined as the total number of claims that are settled in a particular year by the insurance company. The figure is computed by using a formula and is usually represented as a percentage figure.

Year	Incurred Claim Ratio
2016-17	78.50%

Extra Benefits from Bajaj Allianz Health Insurance

Toll-free helpline	The toll-free helpline offers policyholders the opportunity to resolve their queries at any time of the day without any hassles.
Premium calculator	Prospective buyers can calculate their premiums using the premium calculator by logging on to their website.

Bajaj Allianz Health Insurance Renewal

One can easily renew their health insurance policy online by logging on to their website. Click on the ‘Renew Online’ option and choose the ‘Health Insurance’ option. Fill in details and proceed to make payment.

Bajaj Allianz Health Insurance Network Hospitals for Cashless Treatment

Bajaj Allianz has a wide network of over 5,700 network hospitals across the city. All policyholders can claim for cashless health care services without any inconvenience at these network hospitals. Identify the network hospital closest to your locality by logging on to their website.

Claim Procedure in Bajaj Allianz Health Insurance

Cashless claim:

• The insurance provider must be informed immediately in case of an emergency and a few days in advance in case of a planned treatment
• Approval should be obtained and health insurance related documents such as the health card should be kept ready
• Bills will be paid by the insurance company directly to the network hospital

Reimbursement claim:

• Fill the duly signed claim form
• Keep medical bills ready for submission
• Submit the relevant documents along with the claim form

Terms and Conditions of the Insurer

• Policies can either be withdrawn or canceled if any information provided by the policyholder is untrue, misrepresented or concealed.
• A claim might not be processed if the claim form is incomplete
• All claim should be made within deadline
• Claims cannot be made for any exclusions

FAQs on Bajaj Allianz Health Insurance

1. Is buying a Bajaj Allianz health insurance policy online a good option?

Buying a health insurance policy online through Bajaj Allianz is quick and simple. Several payment options are provided to make the payment procedure easy for the applicant. Buying a health insurance plan is also made easy by providing 24/7 customer support. The online buying option saves time and effort and eliminates the need to carry a hard copy of the policy. The entire procedure is mostly paperless and can be finished with just a few clicks.

2. How is the premium amount calculated?

Several factors determine the premium amount payable, some of them are:

• Number of members covered under the policy
• Sum insured chosen
• Age of the individual
• Whether the individual has pre-existing diseases or not
• Number of add-on covers purchased
3. What are the customer support contact numbers?

The insurance company has two customer care contact numbers:

• Sales: 1800 209 0144
• Service: 1800 209 5858
4. How do I find a network hospital of Bajaj Allianz?

To find a network hospital of Bajaj Allianz General Insurance, visit the official website, scroll down on the main page, and click ‘Map locator’. On the redirected page, click ‘Find a Network Hospital’. Fill in the requested details – name of the state, name of the city, hospital type, and hospital grade. Then click on ‘Search’ to find all the network hospitals of the area of the selected type and grade.

5. Can I save tax by buying a Bajaj health insurance policy?

Yes, you can avail a tax exemption on the premium you pay for your Bajaj Allianz health insurance. Under section 80D of the Income Tax Act, you can get exemptions up to Rs.1 lakh.