Bajaj Allianz General Insurance is one of the top general insurance service providers in India. The company is renowned for its range of insurance products in multiple domains including health, travel, motor, commerce, etc. Bajaj Allianz offers a good number of products in the health insurance domain with plans suitable for individuals, families, and senior citizens. By subscribing to a health insurance plan, policyholders will have access to a range of benefits and financially protect themselves from various medical expenses. Bajaj Allianz is also renowned for its tie-ups with an extensive range of network hospitals in different parts of the country.
Some of the top health insurance plans offered by Bajaj Allianz are listed as follows:
In addition to the policies listed here, Bajaj Allianz also offers many other plans that provide specific benefits like daily hospital cash. These policies ensure adequate coverage for policyholders against various medical threats and the financial issues associated with them.
Bajaj Allianz has over 6,000 network hospitals in different locations throughout the country. This extensive network tie-up is among the highest in the industry. Policyholders can obtain significant advantages by undertaking medical treatment at these network hospitals. Cashless hospitalisation benefit is available only in these network hospitals associated with the company. Here, the claim settlement happens between the insurer and the medical facility that provides treatment.
One of the benefits of having network hospitals in multiple locations is the ability to reach customers even in some remote locations across the country. People living in rural areas can get treatment from the network hospitals located in their nearby towns or cities. If the network hospitals are not accessible, treatment can be obtained in a non-network hospital and reimbursement claims can be filed for those. However, cashless treatment in network facilities is the best bet for policyholders who cannot arrange money immediately for their medical expenses.
Network hospitals associated with Bajaj Allianz provide both cashless treatment benefit as well as reimbursement settlement. Policyholders can make the claims according to their own specific requirement.
Cashless treatment request procedure:
Reimbursement claim procedure:
Some of the notable exclusions applicable to Bajaj Allianz Health Insurance are listed as follows:
1. Do I need health insurance even if I am young and healthy?
The purpose of health insurance is to protect the insured from unexpected medical expenses, which may arise due to illnesses or injuries. Even if someone is young and healthy, it is impossible to predict the occurrence of a medical threat. Considering the rising cost of medical treatment in India, one major hospitalisation could wipe out one’s entire savings. The best way to avoid this is by having a health insurance plan. Being young and healthy is all the more reason as to why one should buy health insurance. The cost of health insurance is extremely low for young people, and it is always better to have this protection by spending a little money on premiums.
2. Is it necessary to buy a critical illness policy even if I already have a health insurance plan?
Critical illness policies are fixed-benefit plans, and they are slightly different from regular health insurance plans. A mediclaim policy provides coverage for the actual medical expenses incurred, but a critical illness policy provides lump sum benefits that can be used for any purpose. Considering the fact that both these types of policies serve different purposes, one is not an alternative to another. Health insurance is an absolute must for everyone. If one has a family history of life-threatening diseases, a critical illness cover is certainly an added advantage.
3. What is a deductible in health insurance?
In health insurance, deductible refers to the fixed sum of money that must be exhausted before a health insurance plan becomes active. Once the deductible amount has been paid by the policyholder, the remainder of the claim amount is borne by the insurer.
4. What is the benefit of No Claim Bonus?
No Claim Bonus can be helpful in boosting the sum insured amount of a health insurance plan without any additional premium. No Claim Bonus refers to the additional sum insured amount provided by the insurer after every claim-free year. Bajaj Allianz provides No Claim Bonus of 10% of the sum insured amount every claim-free year subject to a maximum of 100%. Over a period of time without any claims, the sum insured amount can be boosted significantly with the help of this bonus.
5. What is day care treatment coverage?
Day care treatment refers to medical treatments that do not require at least 24 hours of hospitalisation. Certain procedures like chemotherapy, dialysis, radiotherapy, cataract surgery, tonsillectomy, etc., do not require over 24 hours of hospitalisation. Once the treatment is over, the patient can be sent to recover at home. Most health insurance policies in the market now provide coverage even for these procedures. Bajaj Allianz provides coverage for up to 130 day care procedures including the ones mentioned above.
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