Bajaj Allianz Health Insurance

Bajaj Allianz General Insurance Company is a joint venture between Bajaj Finserv Limited and Allianz SE. The company offers a wide variety of insurance products to its customers and comes out as a robust player. It is the first insurer that started the cashless claim settlement policy and in-house health management process.

The company offers customized and affordable health insurance solutions, catering to every segment, age, and income profile.

Bajaj Allianz protects you and your family from financial stress that can occur due to medical/health conditions.

Awards And Accolades

Bajaj Allianz has received several awards and accolades because of its constant innovation in the insurance market.

• Customer Fest Leadership Awards 2021, 2020
• Sammie Best Social Media Brands Award 2020
• Red Hat APAC Innovation Awards 2020
• 5th Annual Insurance India Summit & Awards 2020
• Achromic Point Anti Fraud Awards 2020
• Indian Marketing Awards 2019
• Digital Marketer of the Year Award 2018

What Are The Different Plans Offered By Bajaj Allianz Health Insurance?

Bajaj Allianz Health Insurance offers various health plans that fulfill all your medical requirements and helps you lead a financially happy and secure life. But what is the ideal plan for you and your family? An ideal plan is the one which meets your needs and requirements.

They Bajaj Allianz offers several plans for Individuals, families, senior citizens, and individuals having critical illnesses.

**Last Updated on September, 2021

Watch Video For Detailed Review

Here is the complete list of all the available Bajaj Allianz Health Insurance Plans:

1. Bajaj Allianz Health Guard

   Bajaj Allianz Health-Guard offers a comprehensive range of benefits and ensures that you are covered for the expenses incurred during any illness or surgery.

   Key Features of this plan:

   • The plan offers three different variants to choose from as per your needs and requirements: Silver, Gold, and Platinum.
   • The plan offers coverage for pre-hospitalization and post-hospitalization expenses i.e., 60 days before hospitalization and 90 days after getting discharged.
   • If the insured has to be hospitalized for a disease/illness/injury for a continuous period exceeding 10 days, the company will pay the benefits up to the specified limits.

   Eligibility Criteria:

   Age of Entry	For Adults : 18-65 years For Children : 3 months-30 years
   Policy Term	1 year/ 2 year/ 3 Year
   Sum Insured (in Rs.)	Gold & Platinum Plan: 5 Lakh, 7.5 Lakh, 10 Lakh, 15 Lakh, 20 Lakh,25 Lakh, 30 Lakh, 35 Lakh, 40 Lakh, 45 Lakh, 50 Lakh

   **Last Updated on September, 2021

2. Bajaj Allianz Health Infinity Plan

   Bajaj Allianz Health Infinity Plan is a comprehensive health insurance plan that offers a wide range of benefits to take care of medical expenses associated with you and your family in case of hospitalization because of an illness or injury.

   Key Features of this Plan:

   • This plan offers coverage to self, spouse, dependent children, and parents on an individual basis.
   • The plan offers coverage against medical expenses incurred while getting treated for daycare procedures.
   • The policyholder is also eligible for in-patient hospitalization treatment without any sub-limit.

   Eligibility Criteria:

   Age of Entry	For Adults : 18-65 years For Children : 3 years - 25 years
   Policy Term	1 year/ 2 year/ 3 Year
   Pre and Post Hospitalization	60 & 90 days

   **Last Updated on September, 2021

3. Bajaj Allianz Aarogya Sanjeevani Policy

   The Aarogya Sanjeevani Policy by Bajaj Allianz Health Insurance helps the policyholder to receive financial support in case of medical emergencies and will protect you from the financial burden at the time of hospitalization.

   Key Features of this Plan:

   • The plan indemnifies medical expenses incurred for inpatient care treatment under Ayurveda, Yoga and Naturopathy, Unani, Sidha, and Homeopathy systems of medicines during each policy year.
   • The plan also offers a lifetime renewal benefit.
   • Under this policy, the policyholder is also eligible to get a cumulative bonus that will increase by 5% in respect of each claim-free policy year.

   Eligibility Criteria:

   Age of Entry	For Adults : 18-65 years For Children : 3 years - 25 years
   Policy Term	1 year
   Pre and Post Hospitalization	Annual, Half- Yearly, Quarterly or Monthly

   **Last Updated on September, 2021

4. Bajaj Allianz Critical Illness Plan

   Bajaj Allianz Critical Illness Policy offers helpful financial protection against major life-threatening diseases such as cancer, major organ transplant, heart attack, and more. The plan covers 10 critical diseases.

   Key Features of this Plan:

   • The insured receives a lump sum amount to deal with the high expenses of the treatment.
   • Donor expenses during transplant surgery (required by the policyholder for his/her survival) are covered under Bajaj Allianz Health Insurance Critical Illnesses Plan in India or overseas.
   • Under this plan, one can cover Self, Spouse, Dependent Children, Parents, Grandchildren, sisters, brothers, Mother In law, Father In law, Aunt, and Uncle.

   Eligibility Criteria:

   Age of Entry	For Adults : 18-65 years For Children : 3 years - 21 years
   Policy Term	1 year/2 year/ 3 year
   Sum Insured	1 Lakh, 2 Lakh, 3 Lakh, 4 Lakh, 5 Lakh, 7.5 Lakh, 10 Lakh, 20 Lakh, 30 Lakh, 40 Lakh, 50 Lakh

   **Last Updated on September, 2021

5. Bajaj Allianz Premium Personal Guard Plan

   Bajaj Allianz Premium Personal Guard Policy offers support and helps you to sustain unforeseen risks. The plan secures your future and ensures complete peace of mind for you and your family during hospitalization.

   Key Features of this Plan:

   • Under this plan, you can cover your parents, spouse, and children.
   • The insured is liable to receive a cumulative bonus of 10% of the sum insured for every claim-free year.

   Eligibility Criteria:

   Age of Entry	For Adults: 18-65 years For Children: 5 years-21 years
   Policy Term	1 Year

   **Last Updated on September, 2021

6. Bajaj Allianz Extra Care Plan

   Bajaj Allianz Extra Care is a perfect health protection plan that offers financial support to you and your family in case of a medical emergency.

   Key Features of this Plan:

   • The plan offers a floater policy with a single premium for the family.
   • In case of an emergency, the policy also covers ambulance charges to a maximum limit of Rs.3000.
   • Income Tax Benefit under Sec 80 D of the Income Tax Act, 1961 on the premiums paid for this policy.

   Eligibility Criteria:

   Age of Entry	For Adults : 18-65 years For Children : 3 months - 25 years
   Policy Term	1 year/ 2 year/ 3 Year
   Pre and Post Hospitalization	60 & 90 days

   **Last Updated on September, 2021

7. Bajaj Allianz Extra Care Plus Plan

   Bajaj Allianz Extra Care Plus is a super top-up health plan that provides additional coverage to the existing health insurance policy. The plan provides wider health protection to you and your family.

   Key Features of this Plan:

   • The plan covers pre-existing diseases after 12 months of your purchase.
   • You can cover your spouse, dependent children, and parents under a single policy.
   • The plan also offers coverage against maternity expenses (including maternity-related complications).

   Eligibility Criteria:

   Age of Entry	For Adults : 18-65 years For Children : 3 months - 25 years
   Policy Term	1 year/ 2 year/ 3 Year
   Health Check-up	Not mandatory for people under the age of 55 years

   **Last Updated on September, 2021

8. Bajaj Allianz M-Care Plan

   Bajaj Allianz M-Care is an effective form of health insurance cover that offers wide coverage and comes at an affordable price. The plan takes care of the most common vector-borne ailments.

   Key Features of this Plan:

   • The plan pays a lump sum amount if the policyholder is diagnosed with any vector-borne diseases such as dengue fever, malaria, chikungunya, zika virus, etc.
   • You can insure yourself, your spouse, your dependent children, and your parents.
   • The plan offers a free look period of 15 days to cancel the policy.

   Eligibility Criteria:

   Age of Entry	For Adults : 18-65 years
   Policy Term	1 year
   Sum Insured	Not mandatory for people under the age of 55 years

   **Last Updated on September, 2021

9. Bajaj Allianz Global Personal Guard Insurance Policy

   Bajaj Allianz Global Personal Guard Insurance is designed to offer financial support to the policyholder and his/her family in case of death/injury due to an accident.

   Key Features of this Plan:

   • The plan offers two covers to the policyholders: Base Cover & Optional Cover.
   • Under this plan, you can cover your spouse, dependent children, and parents.
   • Under the free look period, you get 15 days to cancel the policy if you aren't happy with it.

   Eligibility Criteria:

   Age of Entry	For Adults: 18 years-70 years For Children : 3 months-25 years
   Policy Term	1 year, 2 years, 3 year

   **Last Updated on September, 2021

10. Bajaj Allianz Health Care Supreme Plan

    Bajaj Allianz Health Care Supreme is a comprehensive health insurance plan with a wide cover to deal with various healthcare needs. The plan comes out with value-added features like critical illness cover, out-patient cover, maternity benefits, pre-hospitalization cover for 60 days, and post-hospitalization expense cover for 90 days.

    Key Features of this Plan:

    • The plan offers coverage against in-patient hospitalization expenses that occurs due to any ayurvedic/homoeopathic treatment.
    • The insured will be liable to get maternity benefits along with a newborn baby cover.
    • Along with the basic benefits, the plan will offer special benefits. which include physiotherapy and organ donor cover.

    Eligibility Criteria:

    Age of Entry	Entry Age for Medical Expenses Cover For Adults - 18 years-lifetime For Children - 3 months-25 years Entry Age for Add-on Covers For Adults - 18 Years - 65 years For Children - 3 months- 25 years
    Policy Term	1 year, 2 years, 3 year
    Premium Payment Mode	Annual, Half- Yearly, Quarterly or Monthly

    **Last Updated on September, 2021

11. Bajaj Allianz Silver Health Senior Citizen Plan

    Bajaj Allianz Silver Health Plan is exclusively designed for senior citizens. It allows them to live the golden years of their retirement without any financial problems related to healthcare.

    Key Features of this Plan:

    • The plan offers coverage against pre-existing diseases from the second year of the policy.
    • The plan offers a cumulative bonus of 10% of the sum insured (a maximum of 50% of the sum insured) for every claim-free year.

    Eligibility Criteria:

    Age of Entry	46 years- 70 years
    Policy Term	1 year
    Sum Insured	Rs. 50000, 100000, 150000, 200000, 300000, 400000 & 500000

    **Last Updated on September, 2021

12. Bajaj Allianz Tax Gain Plan

    Bajaj Allianz Tax Gain is a floater health policy that offers coverage against out-patient expenses (OPD) & hospitalization expenses under a single policy.

    Key Features of this Plan:

    • The plan offers pre-hospitalization and post-hospitalization covers.
    • Under this plan, you can opt for a copayment waiver.
    • The plan covers ambulance charges (up to Rs.1000) for emergency hospitalization.

    Eligibility Criteria:

    Age of Entry	18 years- 75 years
    Policy Term	1 year, 2 years, 3 year
    Premium Payment Mode	Annual, Half- Yearly, Quarterly or Monthly

    **Last Updated on September, 2021

13. Bajaj Allianz Health Ensure Plan

    Bajaj Allianz Health Ensure is an affordable health insurance plan that offers a comprehensive cover to protect your entire family. This takes care of all medical expenses that occur in case of hospitalization arising out of illness/injury.

    Key Features of this Plan:

    • The plan is available on an individual and family floater basis under which you can cover yourself, spouse, siblings, children, parents, grandchildren, parents-in-law, etc.
    • The plan will be there to assist you with in-patient hospitalization expenses.
    • The plan also covers the expenses of an organ donor treatment.

    Eligibility Criteria:

    Age of Entry	For Adults: 18 years -lifetime For Children : 3 months -30 years
    Policy Term	1 year, 2 years, 3 year
    Premium Payment Mode	Annual, Half- Yearly, Quarterly or Monthly

    **Last Updated on September, 2021

14. Bajaj Allianz Corona Kavach Policy

    Bajaj Allianz Corona Kavach is an affordable health insurance policy that takes care of your expenses at the time of hospitalization for COVID-19 treatment.

    Key Features of this Plan:

    • Under this plan, you get coverage (up to Rs.2,000) for ambulance expenses.
    • The plan offers coverage for Ayurveda, Yoga and Naturopathy, Unani, Siddha, and Homeopathy systems of medicines during the policy period (up to the limit of sum insured).

    Eligibility Criteria:

    Age of Entry	For Adults: 18 years -lifetime For Children : 3 months -30 years
    Premium Payment Mode	Annual, Half- Yearly, Quarterly or Monthly

What are the Key Features of Bajaj Allianz Health Insurance?

Nowadays, when healthcare costs are touching the sky, having health insurance that fulfills your healthcare needs without burdening your pockets has become a necessity. However, with the availability of so many options in the insurance market, people often get confused and end up buying the wrong one.

Let's discuss the key features of the company that helps to choose an appropriate plan.

Let us understand the above-mentioned features in detail:

1. Network Hospitals

   When a policyholder buys a health insurance plan, the insurer offers an option to select the list of hospitals for the treatment of an illness. You can avail of cashless facilities after filing a claim at these hospitals that simply means that your treatment will be done without paying a single penny to the hospital. With a cashless hospitalization facility, all the medical bills get settled upon the completion of the treatment or after the discharge. Along with the Cashless facilities at the network hospitals, Bajaj Allianz Health Insurance offers you complimentary health checkups, pre, and post-hospitalization costs, coverage for pre-existing illnesses.

   Bajaj Allianz Health Insurance has a tie-up with 6500+ Network hospitals providing cashless facilities to its customers. This insurance company comes up with an in-house Health Administration Team (HAT) that settles the cashless claims within an hour.

   Bajaj Allianz also provides an option of reimbursement where the paid amount is refunded to the insurer after 10-12 working days.

   Network Hospitals of Bajaj Allianz with other Top Companies for 2019-20

   

   You can now check the list of network hospitals of Bajaj Allianz Health Insurance with PolicyX.com. All you have to do is select your insurance company, your state, and your city. Once done, the page will show you all the empanelled hospitals in your vicinity.

2. Renewability

   Bajaj Allianz Health Insurance offers a quick and easy facility of lifelong renewability. As per IRDAI guidelines, it is mandated to feature lifetime renewability by insurers. It saves your pocket from financial burdens caused because of medical emergencies and keeps you prepared to handle difficult situations. For more information about the Bajaj Allianz Health Insurance Renewal process, go through the company's website.

3. Claim Support

   Claim support determines the claim settling ability of the insurance provider IRDAI standardizes the claim support and publishes it annually in the first month of every year. According to IRDAI Annual Report 2019-20, Bajaj Allianz Health Insurance has settled 98.61 percent of claims within 3 months.

   Claim Support (within 3 months) of Top Ten Health Insurance Companies

   

   ** Data from IRDAI Annual Reports 2019-20

4. Market Share

   Market share is the factor that determines the volume of a business. Business volume refers to the total number of policies that are sold by an insurance company and the premiums collected. As per the IRDAI Annual Report 2019-20, the Annual Gross Premium of Bajaj Allianz Health Insurance is 2138.53 crores. By keeping certain factors in mind such as cashless claims, claim support, and market share, we have listed top companies at PolicyX.com. The bar graph shows the Annual Premium of Bajaj Allianz from the Financial year 2016-2020. Bajaj Allianz shares 4.21 % of the insurance market. Hence, for your better understanding, we have prepared a graph that shows the annual premium from Financial Year 2016-2020. Let's take a look at the graph.

   Annual Gross Premium of Bajaj Allianz for Financial Year 2016-2020

   

   ** Data from IRDAI Annual Reports 2019-20

5. Solvency Ratio

   The solvency ratio is used to measure the company's ability to meet its long-term debts. Moreover, it also determines the size of a company. This factor is to be considered while selecting a good insurance company to lead a financially happy and healthier life. Solvency ratios are available in the IRDAI Annual Reports and according to the regulating authority, it is mandatory to maintain a healthy solvency ratio of 1.5 for every insurer. As per IRDAI Annual Report 2019-20, the solvency ratio of Bajaj Allianz is 2.45. Let's learn about this factor more with the help of a graph,

   Solvency Ratio of Bajaj Allianz For 2016-20

   

   ** Data from IRDAI Annual Reports 2019-20

   Let's compare the Solvency Ratio of Bajaj Allianz with other companies,

   Solvency Ratio of Bajaj Allianz and other Top Companies

   

   Key Features:

   Network Hospitals	6500+
   Renewability	Lifelong
   Claim support (within 3 months)	98.61
   Annual Premium (2019-20)	2138.53
   Solvency Ratio	2.45

   **Last Updated on September, 2021

Why Should You Buy Bajaj Allianz Health Insurance?

There are several health insurance plans available in the market, but one of the questions that arise is what plan to choose? The selection of the plan solely depends on your requirements. The plans offer health coverage for an individual, the family, and senior citizens. Let's discuss the benefits of Bajaj Allianz health insurance company for your quick and better understanding,

1. Cashless Treatment

   With Cashless Treatments, the policyholder is not required to pay a single penny at the critical time of hospitalization, thus offers financial relief. Bajaj Allianz is empanelled with 6500+ network hospitals providing cashless mediclaim policies to the policyholders. The expenses incurred on the treatment will be directly paid to the hospital by the insurance company. It approves cashless claims within 1 hour.

2. AYUSH Treatments

   Bajaj Allianz provides medical coverage for AYUSH treatments that involve Ayurveda, Unani, Siddha, and Homeopathy. It is advisable to add AYUSH cover to your health plan if you have senior citizens at your home as it provides the best alternative treatments for elderly people having pre-existing diseases.

3. 24X7 Customer Support

   Bajaj Allianz has a toll-free number on which they provide 24X7 assistance to their customers. So you can resolve your insurance related queries using the Bajaj Allianz health insurance customer care number.

4. Pre and Post Hospitalization expenses

   This insurance company provides coverage for the medical expenses incurred in pre and post-hospitalization for 30 days and 60 days respectively.

5. Value-Added Services

   Bajaj Allianz provides Value Added Services through which you can save up to 30% on medications, OPD Treatments, pharmacy, health, and wellness tests.

6. Health Check-up

   Get Health checkups after 4 claim-free years only at the diagnostic centres of the network hospitals.

7. Pre-existing diseases

   Bajaj Allianz provides coverage for pre-existing diseases which are covered after 4 years of a waiting period.

8. Room Rent

   There are no sub-limits on room rent.

9. Quick Claim Process

   Bajaj Allianz offers a hassle-free claim settlement of up to INR 20,000 through the insurer's app i.e., Health CDC (Claim by Direct Click) in one hour of cashless claims.

10. Tax Benefits

    You can avail of tax benefits under section 80D of the Income Tax Act-1961.

What Are Bajaj Allianz Insurance Plan Exclusions?

• Self-inflicted injuries such as due to suicide attempts are not covered under this plan.
• This plan does not provide coverage for cosmetic or plastic surgeries, hair transplants, and any deformation because of the accident or critical illness.
• Bajaj Allianz covers only the dental damage due to the accident that requires hospitalization. Any other kind of dental procedure is generally excluded from the plan.
• HIV related treatment
• Treatments for congenital diseases
• Drug/substance abuse
• Any fertility-related procedures
• Diseases such as piles, hernias, and cataracts will only be covered after the completion of 2 years from the starting date of the policy.

To know all the exclusions of your plan, refer to the product brochure or directly get in touch with your respective insurer.

How Does Bajaj Allianz Health Insurance Calculate The Premiums of its Health Plans?

Bajaj Allianz General Insurance Company provides the option of calculating premiums. Different factors are required to calculate health insurance premiums. Let's study some of those factors for a quick and better understanding

1. Age

   Buying health insurance at a young age commands a lower premium as there are few chances of having pre-existing diseases and critical illness, but it also makes you eligible for a higher sum insured. Therefore, a 30-year old has to pay a lower premium as compared to a 40-year old individual.

2. Medical History

   Always ensure to inform the insurer about your present medical condition and any existing medical history. A clean track record of your health condition lowers your premium amount. On the other hand, if you have any medical history, then your premium amount is likely going to increase.

3. Smoking Habit

   The premium amount of non-smokers is less in comparison to the premium amount of smokers. This is because smokers are more prone to diseases, especially respiratory illnesses.

4. Sum Insured

   Sum insured is the amount of cover offered by a health insurance plan. The higher the sum insured, the higher the premium amount.

5. Type of Cover

   Always look for your cover whether it is an individual or a family floater. In an individual policy, the premium amount depends on your age, profession, and other factors. On the other hand, family health insurance covers all your family members.

How To Buy Bajaj Allianz Health Insurance Plan?

Bajaj Allianz's website:

• Visit the company's website and click on the 'Health' icon given below.
• On the top-right corner, click on the 'I want to Buy' and select the plan you want to opt for.
• Enter all the required details and your health insurance premium amount will be displayed on the screen, where you can select the plan at your convenience.
• Click on the 'Confirm Plan' button to buy a health insurance policy online.
• Once you make the payment of your premium, you will get your health insurance policy at your registered email address.

Note- You can also visit the nearby Bajaj Allianz branch to buy health insurance.

Documents Required to buy a Bajaj Allianz Health Insurance Plan

• KYC Documents
• 1 Passport size photograph
• Medical Records
• Family medical history and all the current medical records
• Application form

How to File a Claim For Bajaj Allianz Health Insurance Plans?

The company grants two simple ways to file claims. Here they are-

Cashless Claim Settlement Process

To be eligible for a cashless claim, the treatment of the policyholder should only be done in any of the network hospitals that fall under the company's guidelines. Below are the steps.

• Inform the insurance company or TPA at the hospital desk.
• Complete the pre-authorization form available at the hospital's insurance desk.
• The hospital will share the form with the company.
• An approval letter will be sent from the claim management team of the Bajaj Allianz General Insurance to the hospital and the policyholder will be informed regarding the same.
• Now, the company or TPA will directly deal with the hospital bills.

Reimbursement Claim Settlement Process

• If you are admitted to a non-network hospital, you have to pay the expenses to get the treatment done.
• After that, download the claim form from the official website of the company or take it from the nearby branch of the company.
• Submit the form along with the required documents such as discharge summary, prescription, etc. to BAGIC-HAT upon discharge.
• The concerned team will analyze the details of the claim.
• In the case of an approved claim, the company will transfer the funds directly to the registered bank account.

Note: In case of any medical emergency, you need to inform Bajaj Allianz within 24 hours. In case of planned hospitalization, one has to notify the company 48 hours before the hospitalization.

How To Contact Bajaj Allianz?

Bajaj Allianz Health Insurance Contact Address:

Bajaj Allianz House,

Airport Road, Yerawada,

Pune-411006

Bajaj Allianz Health Insurance Customer Care

Toll-free Number: 1800 209 5858