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  • Bajaj Allianz Health Insurance

    Health Insurance
    • Premiums as low as Rs12/day for coverage of Rs.4 Lakhs*
    • 10,000+ hospitals for cashless treatment
    • Claim up to Rs. 55,000 deduction under section 80D**

    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

    Plan Name Plan Basis (individual, family, etc) Sum Insured (Min and Max) Policy Term (in year)
    Health Guard Individual and Family Min: Rs.1.5 lakh Max: Rs.50 lakh 1, 2 and 3
    Critical Illness Individual and Family Min: Rs.1 lakh Max: Rs.50 Lakh Annual policy
    Extra Care Individual and Family Up to Rs.15 lakh Annual policy
    Global Personal Guard Individual Min: Rs.50,000 Max: Rs.25 crore 1, 2 and 3

    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

    This insurance company/organisation is not a partner of Bankbazaarinsurance.com. The content provided here is for informational purposes only. Readers should visit the branch office/website of the insurer for more details. The logos, trademarks, and other intellectual property on display belong to their respective owners.

    Bajaj Allianz Health Insurance Co. Ltd. Reviews