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.
Customers must meet the following eligibility criteria in order to avail benefits under the Bajaj Allianz Premium Personal Guard:
Some of the key features of Bajaj Allianz Premium Personal Guard can be given as follows:
The range of benefits available under Bajaj Allianz Premium Personal Guard policy can be given in the following table.
|Death of the insured||100% of the sum insured amount in lump sum payment|
|Permanent total disability of the insured||200% of the sum insured amount in lump sum payment|
|Permanent partial disability of the insured||Up to 70% of the sum insured amount based on the severity of the disability|
|Temporary total disability of the insured||Weekly benefit payable as per the plan|
|Transportation of mortal remains||2% of the sum insured subject to a maximum of Rs.5,000|
|Children’s education bonus (against death or permanent total disability of the insured)||One time payment of Rs.5,000 for up to 2 children|
|Cumulative bonus||10% of the sum insured subject to a maximum of 50%|
|Hospital confinement allowance (optional)||Rs.1,000 to Rs.2,500 based on the plan opted|
|Accidental hospitalisation (optional)||Up to Rs.5 lakh based on the sum insured amount chosen|
Some of the key exclusions listed under Bajaj Allianz Premium Personal Guard can be given as follows:
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.