Bajaj Allianz Health Insurance
Bajaj Allianz General Insurance Company has been formed as a joint venture between Bajaj Finserv Limited and Allianz SI. It was established in 2001. The headquarter of this company is located in Pune, Maharashtra.
A variety of insurance products are offered by this company to its customers. Bajaj Allianz General Insurance Company is known to be the first company to introduce process like cashless claim settlement policy and in house health management.
Benefits Of Bajaj Allianz Health Insurance Plans
Following are the key benefits that Bajaj Allianz Health Insurance offers:
- Cashless Treatment:
You can avail cashless treatment through Bajaj Allianz Health Insurance Policy. If you get yourself treated at network hospitals supported by Bajaj Allianz Health Insurance, you can avail cashless treatment there. You do not have to pay any amount from your side for getting treatment through network hospitals. All you have to do is give your policy number to the insurance desk of the network hospital. After this the insurance company will settle your insurance claim by paying your bills to the hospital through cashless mode. It’s pretty quick and easy.
- Tax Benefits:
You are also provided with the tax benefits of the Income Tax Act on the payment of premium for Bajaj Allianz Health Insurance Policy. Whether you buy Bajaj Allianz Health Insurance Policy for yourself or for your family, you are provided with the benefit of tax exemption under Section 80D of the Income Tax Act. You can claim a tax deduction of up to Rs.25000 per year if you are below 60 years of age and you can claim a tax deduction of up to Rs. 50000 per year if you are above 60 years of age and you are a senior citizen Are.
- Daily Hospital Cash:
Through Bajaj Allianz Health Insurance Policy you can get daily hospital cash back. Through this, you can easily pay your daily expenses on hospitalization.
- Cumulative Bonus:
If you do not submit any claim in your insurance policy and apply for renewal again, you will get the benefit of 5% of the Sum Assured for the first year and 10% of the Sum Assured for every subsequent claim free policy renewal is provided. You can avail the benefit of higher sum assured up to a maximum of 50%.
- Free Health Checkup:
By taking Bajaj Allianz Health Insurance Policy, you are provided with the facility of free health check-up. Through this you can get your health checkup done once a year without any extra cost.
- Life Long Renewability:
A health insurance policy needs to be renewed after the expiry of the policy term. You can buy Bajaj Allianz Health Insurance Policy for a lifetime. So in this way you do not need to renew this health insurance policy at all and you can take advantage of it for life.
Bajaj Allianz Health Insurance Coverage
Bajaj Allianz Health Insurance Policy comprehensively covers the insured against any type of accident and treatment of injuries sustained by him. Through this, all the expenses incurred on the treatment in the hospital are paid by the insurance company.
- Pre and post hospitalization expenses:
Bajaj Allianz Health Insurance Policy not only covers you for hospitalization but also covers you for pre-hospitalization and post-hospitalization expenses. It covers expenses for 60 days before hospitalization and 90 days after hospitalization, which are related to treatment.
- Organ Donor Expenses:
Through this policy, if you donate an organ to save someone’s life, then you are covered financially through this policy. If you suffer any loss during this time, then the amount for the necessary expenses is given by the insurance company.
- Day Care:
In this, you are also provided with day care cover. So you do not need to stay in the hospital for a long time.
- Ambulance Charges:
The cost of transporting the insured in an ambulance in case of an emergency is also covered through this policy. The sum assured paid through this is limited.
- Convalescence Benefit: Through this benefit, if you are hospitalized continuously for a period of 10 or more days, you will be given Rs 5000 as annual benefit.
- Ayurvedic / Homeopathic Expenses:
If you want to adopt Ayurvedic or Homeopathic treatment as an alternative medical treatment, then the expenses incurred on this are also covered through this policy.
- Maternity Expenses and New Born Child Cover:
Bajaj Allianz Health Insurance Policy also provides coverage for maternity and new born baby subject to certain terms and conditions.
- Daily Cash Benefit:
This policy also provides daily cash benefit to the insured in case of hospitalization. You can use it in the hospital according to your need.
Bajaj Allianz Health Insurance Exclusions
The exclusions of Bajaj Allianz Health Insurance Policy are-
This policy does not cover the expenses on treatment of any kind of damage caused due to war.
- Dental Treatment:
Bajaj Allianz Health Insurance Policy does not cover dental treatment unless it is due to an accident.
- External Equipment:
Cost of external devices like spectacles, contact lenses, hearing aids, crutches, artificial limbs, artificial teeth etc. are also excluded from this policy plans.
If you injure yourself intentionally, the cost of its treatment will not be covered by the insurance company. It will be your own responsibility.
- Plastic Surgery:
Bajaj Allianz Health Insurance Policy does not cover any type of cosmetic surgery unless it is considered necessary for the treatment of cancer, burns, accidental injuries.
- Treatment outside India:
Bajaj Allianz Health Insurance Policy does not cover any kind of medical expenses incurred by you outside India. This policy covers medical treatment in India only.
Why Buy Bajaj Allianz Health Insurance
Why should one buy Bajaj Allianz Health Insurance Policy, now we will discuss it in detail. Here we will highlight some of those points, through this we will try to know how it will be beneficial for you to buy this policy.
- It provides cashless plane facility in more than 7000 hospitals across the country.
- Cashless claim settlement is done within 60 minutes.
- 24 hours call support is provided by the insurance company for any kind of customer service.
- The settlement of claims in these policies is done at a very fast pace. Hence the time taken for this is less.
- This policy offers more coverage at lower premium rates.
- You can buy this policy through online medium. Also, you get the option of renewal online.
- You can raise an insurance claim through its mobile app and your settlement is also done on the spot at a faster rate.
- Through this you can get better medical treatment in one of its network hospitals spread across India.