Bajaj Allianz Global Personal Guard
Bajaj Allianz Global Personal Guard is a personal accident cover that provides protection against the death and disability of the insured person. The main purpose of this cover is to protect the insured person and his/her family from the uncertainties of accidents. The base cover provides comprehensive benefits against various expenses such as transportation of mortal remains, lifestyle modification following an accident, etc. In addition, the policy also includes various add-on covers to enhance the level of benefits obtained.
The following eligibility criteria applies to people who look forward to opt for Bajaj Allianz Global Personal Guard:
The following list of features apply to Bajaj Allianz Global Personal Guard:
Bajaj Allianz Global Personal Guard comes with 3 mandatory covers and 12 optional covers. The benefits available under this policy can be given as follows:
|Benefits||Extent of Coverage|
|Death of the insured person||Lump sum payment of the sum insured amount|
|Transportation of the mortal remains||Up to 1% of the sum insured amount|
|Funeral expenses||Up to 1% of the sum insured amount|
|Disappearance of the insured person (due to forced landing, sinking, stranding, wrecking, etc.)||Lump sum payment of the sum insured amount after a period of 12 months|
Permanent total disability
||Lump sum payment of the sum insured amount|
|Lifestyle modification benefit||Up to 2% of the sum insured amount to make changes in place of residence and vehicle|
|Permanent partial disability||Up to 75% of the sum insured amount based on the level of damages sustained by the insured person|
|Benefits||Extent of Coverage|
|Accidental hospitalisation expenses||Coverage for various hospitalisation expenses up to the sum insured limit|
|Adventure sports benefit||Coverage for death or permanent disability caused due to participation in adventure sports|
|Air ambulance cover||Coverage for air ambulance transportation following an accident|
|Children education benefit (following the death or permanent total disability of the primary insured)||One-time payment for the education of dependent children under the age of 25|
|Accidental injury resulting in coma||Lump sum benefit for comatose caused by accidental injuries resulting within one month from the date of accident|
|EMI payment cover||Coverage for loan EMI payments during loss of employment following an accident|
|Fracture cover||Injuries resulting in fracture of bone following an accident|
|Hospital cash benefit||Daily cash benefit during the time of hospitalisation (max. 60 days)|
|Loan protector coverage||Coverage for outstanding loan amount following death or permanent total disability|
|Coverage for loss of income following an accident||Up to 25% of the monthly income per week subject to a maximum of Rs.50,000 (for a period of 100 weeks)|
|Road ambulance cover||Coverage for the transportation of the insured person following an accident|
|Travel expenses benefit||Travel expenses incurred by a family member following the hospitalisation of the primary insured in a different location|
The following list of exclusions apply to Bajaj Allianz Global Personal Guard:
Following an event (death or accidental injury) that may result in a claim, the company must be notified within a maximum of 30 days. Documentation proofs related to the claim must be submitted within a maximum of 30 days from the date of intimation. The documents required for the claim may include the following:
Following the submission of all the documents, the company will verify the claim and communicate the acceptance/rejection within a maximum of 30 days. Once the claim is accepted, the settlement amount will be provided within a maximum of 7 days from the date of acceptance.
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