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Bajaj Allianz General Insurance

Bajaj Allianz General Insurance Company

Bajaj Allianz General Insurance Company Limited is a joint venture between Bajaj Finserv Limited (recently demerged from Bajaj Auto Limited) and Allianz SE. Both enjoy a reputation of expertise, stability and strength.

Bajaj Allianz received the Insurance Regulatory and Development Authority (IRDA) certificate of Registration on 2nd May, 2001 to conduct various businesses (including Health Insurance business) in India. The Company has an authorized and paid up capital of Rs 110 crores. Bajaj Finserv Limited holds 74% and the remaining 26% is held by Allianz, SE.

As on 31st March 2019, Bajaj Allianz continues to be one of the most financially robust insurers in the industry by maintaining its growth as well as profitability. The company has made a net profit of Rs. 780 crore. The company reported a revenue of Rs. 11,097 crore, which has grown by 17% compared to the last fiscal year.

Product Categories

Health Insurance

With Bajaj Allianz Health Insurance get covered for hospitalization expenses along with pre and post hospitalization expenses. Get cashless facility and also avail tax benefits.

Best Health Insurance Plans

Don't let medical emergencies take a toll on your financial health. Get affordable cover against treatment and hospitalization costs with Individual Health Guard Insurance.

Complete Health Insurance Plan for Individual

With the sky-rocketing medical expenses, one should be covered with a health insurance policy. Having health insurance helps you get cashless medical treatment or reimburse your medical expenses up to the covered amount. It makes sure that proper medical care is available to a person without exhausting their savings and affecting their financial condition.

Hence, it becomes imperative to have a health cover in today’s time. Under this plan, each family member can avail an individual sum insured.The individual health insurance plan covers the expenses incurred due to hospitalization, doctor’s consultation, ambulance services, treatment charges and pre and post-hospitalization expenses. One of the key aspect of Bajaj Allianz health insurance is the extensive network of more than 6000+ network hospitals where policyholders can avail cashless treatment. Bajaj Allianz Health Guard does not require the pre-medical test up to the age of 45. Policyholders can also avail free health check-ups after 3 claim free years.

Our Individual Health Insurance Policy Covers

  • Sum insured options ranging from Rs. 1.5 lacs up to Rs. 50 lacs
  • The policy covers pre and post hospitalization expenses, which would have occurred 60 days prior to hospitalization or 90 days after hospitalization.
  • Access to cashless facility at over 6000+ empanelled hospitals across India(subject to exclusions and conditions)
  • Extended family coverage: Now you can cover your parents, parents in law, grand parents, grand children, as well as dependent siblings
  • Covers ambulance charges subject to a limit of Rs. 20000 in a policy year
  • Sum insured reinstatement (For similar illness as well)
  • Covers expenses for all day care treatments
  • Policy term option of 1, 2 and 3 years
  • Lifelong renewal option

Zone wise Premium

Zone A Zone B
Delhi / NCR, Mumbai including (Navi Mumbai, Thane and Kalyan), Hyderabad and Secunderabad, Bangalore, Kolkata, Ahmedabad, Vadodara and Surat Rest of India apart from Zone A cities are classified as Zone B.
Health insurance policyholders paying Zone A premium rates can avail treatment all over India without any co-payment Policyholders paying zone B premium rates and availing treatment in Zone A city will have to pay 20% copayment on admissible claim amount. This co–payment will not be applicable for accidental hospitalization. Those residing in Zone B can choose to pay premium for Zone A and avail treatment all over India without any co-payment

Individual Health Insurance Plans - Features and Benefits

  • Family discount of 10% up to 2 members, 15% for 3 members
  • Long term policy discount of 4% for 2 yrs, 8% for 3 yrs
  • Discount of upto 20% for co-payment option
  • Organ donor expenses covered up to the sum insured
  • 10% cumulative bonus benefit for each claim free year up to 100%
  • Tax saving up to Rs. 100,000 under Sec 80D*
  • No medical tests up to 45 years, subject to clean proposal form
  • Bariatric surgery cover
  • Convalescence benefit up to Rs. 7500 per year
  • Ayurvedic and Homeopathic hospitalization cover
  • Free preventive health checkup every 3 years, irrespective of a claim
  • Maternity and new born baby expenses cover
  • Daily Cash Benefit for Accompanying an Insured Child (Rs. 500 per day maximum up to 10 days, up to age 12yrs)

Exclusions

  • A waiting period of 3 years will be applicable in the case of pre-existing diseases.
  • Any disease contracted during the first 30 days of commencement of the health insurance policy will be excluded from coverage.
  • Certain diseases such as hernia, piles, cataract and sinusitis shall be covered after a waiting period of 2 years.
  • Waiting period of 3 years for Joint replacement, PIVD
  • Treatment for use of intoxicating and/or addictive substances like alcohol, drugs etc. will not be covered
  • Waiting period of 3 years for bariatric surgery
  • Waiting period of 6 years for maternity/new born baby expenses

Ensure that your loved ones get the best medical attention possible when they need it most with the Health Guard Family Floater Insurance policy.

Complete Health Insurance for Family

Your family is the most important part of your life and your priority is to take care of them keeping them safe and secure. But what would happen if something went wrong for which you were not prepared and the medical costs were higher than what you were able to provide? Yes, we thought about that which is why we have Bajaj Allianz Family Floater Health Guard policy, which is not only going to cover your loving family, but will also protect your savings from getting depleted due to high medical expenses.This health insurance plan is tailor made for some one who is looking for a suitable medical insurance for the entire family.

A family floater is the best health insurance plan, when it comes to covering your loved ones. Having a single policy removes the hassle of maintaining multiple policies for your family members, by covering all of them under a single health insurance plan. Family floater is the best plan to cover your parents, spouse and kids, all under one single mediclaim policy.

What Coverage Do I Get?

  • Sum insured options ranging from 1.5 lacs up to Rs. 50 lacs
  • Covers Pre and Post hospitalization expenses incurred 60 days prior to and 90 days post hospitalization.
  • Access to cashless facility at over 6000+ empanelled hospitals across India(subject to exclusions and conditions)
  • Covers ambulance charges subject to a limit of Rs. 20000 in a policy year
  • Sum insured reinstatement (For similar illness as well)
  • Covers expenses for all day care treatments
  • Policy term option of 1, 2 and 3 years
  • Lifelong renewal option

Zone Wise Premium

Zone A Zone B
Delhi / NCR, Mumbai including (Navi Mumbai, Thane and Kalyan), Hyderabad and Secunderabad, Bangalore, Kolkata, Ahmedabad, Vadodara and Surat Rest of India apart from Zone A cities are classified as Zone B.
Policyholders paying Zone A premium rates can avail treatment all over India without any co-payment Policyholders paying zone B premium rates and availing treatment in Zone A city will have to pay 20% copayment on admissible claim amount. This co–payment will not be applicable for accidental hospitalization. Those residing in Zone B can choose to pay premium for Zone A and avail treatment all over India without any co-payment

Family Floater Health Insurance - Features and Benefits

  • Long term policy discount of 4% for 2 yrs, 8% for 3 yrs
  • Organ donor expenses covered up to the sum insured
  • 10% cumulative bonus benefit for every claim free year up to 100%
  • Discount of upto 20% for co-payment option
  • Tax saving up to Rs. 100,000/- under Sec 80D*
  • No medical tests up to 45 years, subject to clean proposal form
  • Bariatric surgery cover
  • Convalescence benefit up to Rs. 7500/- per year
  • Ayurvedic and Homeopathic hospitalization cover
  • Free preventive health checkup every 3 years, irrespective of a claim
  • Maternity and new born baby expenses cover which makes this a very useful plan for young couples
  • This family health plan reduces your hassle as it is a single policy that covers the entire family. This health plan helps you to avoid paying multiple premiums for multiple members. This also helps you to cover your entire family under one health policy and makes sure that every member gets the best medical treatment possible.

Eligible

  • Entry age for proposer is 18 years to 65 years. The policy can be renewed for lifetime.
  • Entry age for child is 3 months up to 30 years.

Exclusions

  • A waiting period of 3 years will be applicable in the case of pre-existing diseases
  • Any disease contracted during the first 30 days of commencement of the policy will be excluded from coverage
  • Certain diseases such as hernia, piles, cataract and sinusitis shall be covered after a waiting period of 2 years
  • Waiting period of 3 yrs for joint replacement, PIVD
  • Treatment for use of intoxicating and/or addictive substances like alcohol, drugs etc. will not be covered
  • Waiting period of 3 yrs for bariatric surgery
  • Waiting period of 6 yrs for maternity/new born baby expenses