Bajaj Allianz Premium Personal Guard Plan

• 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**

Bajaj Allianz is a general insurance company that offers insurance service in multiple domains including travel, motor, health, home, etc. The company offers a range of health insurance plans for its customers and ensures complete financial security against various health hazards. Premium Personal Guard by Bajaj Allianz is a personal accident cover that provides protection against the death or disability of the insured. This cover compensates with a lump sum payment and provides financial security for the insured’s family following an unexpected accident.

Eligibility for Bajaj Allianz Premium Personal Guard

Customers must meet the following eligibility criteria in order to avail benefits under the Bajaj Allianz Premium Personal Guard:

• The entry age of the proposer must be between 18 years and 65 years.
• Dependent children between the age of 5 years and 21 years can be enrolled in this policy cover.
• Once entered, this policy can be renewed for one’s lifetime.
• This policy can be bought for self, spouse, and dependent children.

Features of Bajaj Allianz Premium Personal Guard

Some of the key features of Bajaj Allianz Premium Personal Guard can be given as follows:

• This policy is available in four different sum insured options - Rs.10 lakh, Rs.15 lakh, Rs.20 lakh, and Rs.25 lakh.
• The premium rate for this policy cover may vary based on the risk level (determined by the occupation) of the proposer.
• This is an annual policy, and it must be renewed every year.
• For renewals above 66 years of age, the sum insured amount would be restricted to Rs.10 lakh.
• The policy plan can be changed at the time of renewal.
• Portability option is available with this policy cover, and it can be transferred to another insurer without losing out on accrued benefits.
• There is a grace period of 30 days from the date of expiry to renew this policy cover.
• There is a free look period of 15 days during which customers can review the policy terms and cancel it if not satisfied.

Benefits of Bajaj Allianz Premium Personal Guard

The range of benefits available under Bajaj Allianz Premium Personal Guard policy can be given in the following table.

Exclusions of Bajaj Allianz Premium Personal Guard

Some of the key exclusions listed under Bajaj Allianz Premium Personal Guard can be given as follows:

• Intentional self injuries, attempted suicide, or suicide
• Injuries caused while under the influence of drugs or alcohol
• Injuries or death caused while breaching the law with criminal intent
• Injuries arising out of participation in extreme sports
• Accidental injuries arising out of curative treatments or interventions
• Venereal or sexually transmitted diseases
• HIV, AIDS, or other derivatives of the virus
• Any expenses related to childbirth, pregnancy, or miscarriage
• War or warlike activities
• Injuries caused by nuclear activity or radiation

Claim Procedure

The claim procedure under Bajaj Allianz Premium Personal Guard is simple and straightforward. The company’s customer service can be contacted in order to initiate the claim process. List of network hospitals and other information like claim forms can be obtained from the company’s website. Following an accident that may give rise to a claim, any injuries or disability must be informed within a maximum of 30 days. In case of death, all documents regarding death must be submitted within 30 days by the nominee. Once the documents are submitted, the company will verify the validity of the claim and provide the settlement amount to the insured or nominee.