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Bajaj Allianz Health Insurance Company is one of the leading health insurance companies in India. It is basically a joint venture between Bajaj Finserv Limited and Allianz SE. The company works on an amazing concept and offers multiple health insurance products cater to different needs of customers. The wide range of health insurance products in which the company deals make it is one of the best platforms for your health insurance purchase. The company has a reputation for expertise, stability and strength.
Bajaj Health Insurance Company makes sure to deliver updated health insurance plans cater to different needs of customers easily. The wide range of plans, network hospitals makes it one of the best health insurance players in the industry.
Number of Cashless Treatment Hospitals | 6500+ |
Claim Settlement Ratio | 77.61% |
Portability | Available |
Renewability of the Policy | Lifelong renewal |
Waiting Period for Pre-existing Disease | 4 years |
Grievances Solved | 99.78% |
Bajaj Allianz Health Insurance Plans are designed in a flexible way that ensures all-around health care protection and offers a number of health insurance benefits. There are covers for Individual Health protection, family health protection, critical health insurance, and etc.
Below is the list of benefits:-
Bajaj Allianz Health Insurance plans are designed flexibly keeping the requirement of customers. Following are the types of Bajaj Allianz Health insurance plans:
Medical expenses are skyrocketing and one does not find it easy to spend hard earned money in hospital bills and medical care. It always goes out of budget, what medical expenses cannot be avoided. Complete health insurance plans and individual by Bajaj Allianz Health Insurance Plans is something that makes sure that you will get proper medical care in the budget.
Entry Age | Adult: 18 to 65 years Children: 3 months to 30 years |
Basis | Individual / Family floater |
Cashless hospitalization | 5700+ hospitals |
Policy Period | 1 year, 2 years, or 3 years |
Sum Assured | Silver Plan: Rs.1.5 lakh or Rs.2 lakh Gold Plan: Rs.3 lakh – Rs.50 lakh |
Discounts | Family discount: 10% - 15%, Employee discount: 20% Voluntary Co-Pay Discount: 10%/20% Long-Term Policy Discount: 4% to 8 % |
Bajaj Allianz Health Insurance Plan for Family helps you to safeguard your family and loved ones. This health insurance plan is tailor-made for the requirements and needs of a family medical care situation. You are free from the hassle of buying, maintaining and taking care of multiple insurance policies for each one of your family members.
Entry Age | 18 to 65 years |
Pre and post hospitalization | Cover all medical instances from 60 days prior to and 90 days after hospitalization |
Cumulative bonus | 10% for each claimless year, maximum up to 50% of the insured sum |
Medical test | Not mandatory for persons under the age of 45 years |
Pre-policy checkup | The costs incurred will be reimbursed within 14 working days after the submission of all requisite documents. |
Free Health check-up | End of 4 continuous claim free years, or reimbursement up to Rs.1000 |
Medical costs are so high today that even if one is prepared and works on it in a systematic manner, sometimes, it’s just not enough. While, basic medical insurance cover health expenses only till a limit and after reaching a certain threshold, one cannot use health insurance plan in the time of need. Extra care plus cover is just the cherry on the basic insurance cover.
Entry Age | 3 months to 70 years |
Renewal | Lifetime |
Pre and post hospitalization expenses | Covers from 60 days prior to and 90 days after hospitalization |
Premium Charges | Starts at Rs. 2500 |
Medical test | Not mandatory for persons under the age of 55 years. |
Free Look Period | 15 days(Cancel the policy within 15 days for a complete refund) |
Grace period | 30 days for every subsequent instance of policy renewal |
There are many critical illnesses which are emerging as a great burden on life and economy security nowadays. Critical Illness like cancer, strokes, heart attack is quite off the budget as their treatment is quite expensive. This insurance is ideal to cover for those specific diseases.
Entry Age | 6 to 65 years |
Sum insured | Rs.1 lakh to Rs.50 lakh for individuals |
Illness Covered | Cancer, First Heart Attack (Myocardial Infarction), Coronary Artery Bypass Surgery Kidney Failure, Major Organ Transplant, Stroke, Primary Pulmonary Arterial Hypertension, Aorta Graft Surgery, Symptoms of primary pulmonary hypertension, Paralysis of limbs, Multiple Sclerosis. |
Road accidents are very common in India and this cause loss of life or lead to life worse than death sometimes. Global personal guard policy is designed in a manner to flexibly protect one in bad times of life.
Entry Age | Adult: 18 to 65 years Children: 3 months to 30 years |
Basis | Individual / Family floater |
Cashless hospitalization | 5700+ hospitals |
Policy Period | 1 year, 2 years, or 3 years |
Sum Assured | Silver Plan: Rs.1.5 lakh or Rs.2 lakh Gold Plan: Rs.3 lakh – Rs.50 lakh |
Discounts | Family discount: 10% - 15%, Employee discount: 20% Voluntary Copay Discount: 10%/20% Long-Term Policy Discount: 4% to 8 % |
M-care is an effective form of health insurance cover that offers a wide cover and comes at an affordable price. There are many infections that spread at a very rapid rate in a densely populated country like India. Everyone should have a financial setback for the same and M-Care health insurance policy is one of those solutions.
Eligibility | 18 to 65 years |
Sum insured | Minimum Rs. 10,000 and maximum Rs. 75,000 |
Renewal | Lifetime |
Additional Benefits | Extensive privileges with affordable premium |
Cashless Facility | Available-subject to cashless authorization and limit of benefits |
Insurance policy is not only the investment but it is the promise that in the hour of need and requirements, you will get the protection from a certain insurance policy. Now, the following are the points that you should keep in mind while buying insurance policy in order to attain maximum profit-
Claim Settlement Ratio
Any insurance company which takes care of the customers is the best insurance company. If the claim settlements are good enough then one might not think and look for other options while buying an insurance policy.
Features & Benefits
Different insurance policies offer different protection cover so one should check the benefits and features of the insurance policy before buying any. One should take care of his/her requirements and need for coverage, then proceed further to buy an insurance cover
Network Hospitals
This is a very important factor. We often do not want to compromise with the health care of our loved ones and ours. Hence, check the list of network hospitals which fall under the cashless benefits of the health insurance policy.
Easy Renewal & Buying
Many times we do not finish work because it is too complicated to be done. Hence if the insurance process is too complicated in order to buy or renew your policy then you may find it like a hard task every time and may result in discontinuing it or not buying it at all.
Exclusions
As it is very important to read and check covers and benefits of the insurance plan, it is also equally important to check exclusions from the insurance plan. For example, most of the health insurance companies do not offer cover for pre-existing health from 1-3 years.
Customer Care
Customer to insurer and insurer to customer relationship is very important. It is an era of technology, look for some insurance with which you can connect instantly just by few clicks. Bajaj Allianz offers 24*7 customer support and guide to the customers.
Now you can renew your health insurance online. Renewal process of Bajaj Allianz Health insurance policy is very simple and hassle-free. One just has to be careful to renew online health insurance policy before it expires, in order to lapse the insurance policy. If the insurance policy lapse then the policyholder lose all benefits of the waiting period. The minus is that policyholder will even not be able to claim the cumulative bonus of the policy either.
Hence, it is very important to renew online to continue getting benefits of your insurance policy and the steps are as follows:
Step 1: Log on to the e-portal of the Bajaj Allianz. It can be done with a username and password.
Step 2:Choose the policy that is to be renewed and select the mode of payment and pay the renewal fees. One can choose different modes like- Credit card, debit card or via internet banking.
Step 3:You may get the pop-up message and email (if registered) of the renewal receipt.
Also, there is a need to calculate the premiums of the policy by the help of a health insurance calculator. By providing a few details you can check your customized premium details for your health insurance policy. The premium calculation with health insurance calculator can be affected by a few factors such as the policyholder's age, health records and history, type of cover, whether the insured smokes or not, use of tobacco, BMI (Body Mass Index), sum assured, etc.
You cannot get it all; there are always some limitations. A health insurance policy offers an umbrella coverage but still, some exclusion is always there. Some of the common exclusions are as follows:
Bajaj Allianz Health Insurance plan ensures that the individual and his/her loved ones will get the best medical care and treatment in the hour of need without hampering the financial security umbrella of the individual. It helps the policyholder to attain peace of mind even in the chaos hour. It offers a wide range of insurance plans at an affordable rate. There are various health insurance plans like individual health insurance plans, family insurance and etc. Bajaj Allianz Health Insurance has a high claim settlement ratio among various other health insurance companies. With the best claim settlement ratio and taking care of the needs of the customer, yesterday, today and tomorrow, Bajaj Health Insurance is the best health Insurance company that you consider for your health insurance purchase. And that is how the company has got the best reviews for its performance and efficiency.
Cashless Claim
It is mandatory for the cashless claim that the treatment of the policyholder is only done via any of the network hospitals that fall under the Bajaj Allianz Health insurance company.
Reimbursement Claim
In case of any emergencies, you need to inform Bajaj Allianz within 24 hours. In case of planned emergencies, one has to notify Bajaj Allianz Health Insurance Company 48 hours prior to the hospitalization.
Following documents are required to buy Bajaj Allianz Health Insurance Plan-
No, Bajaj Allianz life insurance and Bajaj Allianz Health Insurance are not the same thing. Life insurance is more about supporting family of insured and even it offers payouts. While the health insurance cover expenses if the policyholder hospitalises for any health-related issues. There is no procedure of payouts as such
Bajaj Allianz Health is one of the best insurance providers in India with a blooming range of flexible and customised health insurance product. It not only offers peace of mine but also peace of the pocket during the medical treatments. It has tie-ups with the best hospitals and gives a world class service to the policyholder.
It is very important to have a health insurance cover and continue it till lifetime. Sometimes, policyholder wants to switch to some new insurer along with the accumulated benefits, In 2011, Insurance Regulatory and Development Authority of India introduced the concept of portability, one can now port health insurance policies like a general insurance company to specialized ones and vice versa.
There are mainly three modes wire which premium amount of Bajaj Allianz Health Insurance policy can be paid -
Under such circumstances, it is to be informed to the insurer very immediately if you lost your membership card. You can inform at the toll-free number 1800-22-5858. You will get a duplicate membership card within 7 days of the intimation. Yes, a duplicate membership card is chargeable.
It can be done in simple steps. Log on to The Bajaj Allianz’s website. You have to click on the health insurance tab where you will see the option of Network hospitals. Just by clicking, you can see all the network hospitals around the corner that fall under the Bajaj Allianz Health Insurance.
Yes, the Bajaj Allianz Health Guard plan for individuals as well as for family provides the cover for expenses of maternity and the newborn baby. Same can be claimed via cashless claim or reimbursement claim process.
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Last updated on 12-11-2019