An effective medical insurance policy is essential because the prices of medicines and hospital treatments are rising day-by-day. If an accident or critical illness befalls, it may cause a huge financial burden for you and your dependents. A hard-hitting truth is that whether the hospitalization is planned or not, it comes as an unpleasant surprise, and it is sure to cost you heavily. So, it’s better to have the protection of a health insurance policy, which besides helping you to manage your finances, also offers you several other benefits at very affordable premium rates. So, the Bajaj Allianz Health Insurance has ample number of options under individual and family, in which one of them is Bajaj Allianz Family Floater Health Guard policy.
Bajaj Allianz is a joint venture between India-based Bajaj Finserv Limited and European financial services company Allianz SE. Bajaj Allianz meets the needs of their customers by offering a wide variety of insurance products, which include health insurance plans. By combining global expertise with local experience, the company provides their clients with customized products and transparent benefits, catering to every segment and age-income profiles.
Bajaj Allianz Family Floater Health Guard policy, is not only going to cover your loving family, but will also protect your savings from getting depleted due to high medical expenses.So let's discuss Bajaj Allianz Family Floater Health Guard policy with its key features and benefits.
Bajaj Allianz Family Health Insurance
A comprehensive family floater policy with a high SI of INR 1 crore.It also provides extended coverage to insured’s parents, parents-in-laws, grandchildren and also siblings, if they are dependent.
Bajaj Health Insurance Plans for Family Health Eligibility
The eligibility criteria for Bajaj Allianz Health Insurance for Family is as follows:
Entry age for proposer is 18 years to 65 years. The policy can be renewed for lifetime.
Entry age for children is 3 months up to 30 years.
No medical tests up to 45 years, subject to clean proposal form.
Bajaj Allianz Health Insurance Plans for Family Health Inclusions
The following coverage is offered by the Bajaj Allianz Health Insurance plans for a family:
Ayurvedic/ Homeopathic Hospitalization Expenses (not available under the Health Guard Silver plan)
Convalescence Benefit/ Recovery Benefit (not available under Health Ensure plan)
Maternity Expenses (not available under Health Guard Silver plan and Health Ensure plan)
New Born Baby Cover (not available under Health Guard Silver plan and Health Ensure plan)
In-patient hospitalization treatment
Pre-hospitalization medical expenses
Post-hospitalization medical expenses
Road ambulance expenses
Day care procedures
Organ donor expenses
Bajaj Allianz Health Insurance Plans for Family Health Exclusions
The following are the exclusions by the Bajaj Allianz Health Insurance plans for a family:
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.
More Add-on Features of the Bajaj Allianz Health Insurance for family
The plan has only 4 diverse age brackets.
Bajaj Allianz Health Insurance covers in house claim settlement.
Lifetime renewal is a primary add-on feature.
The plan Act on the premiums paid for this policy.
No Medical Test required upto the age of 65.
No room rent restriction when applied for the policy.
Up to 20k digital claim settlement via mobile app ‘Caringly yours’.
The Bajaj Allianz Health Insurance for Family / Bajaj Allianz Family Floater Health Guard policy has ample number of options under individual and family floater policies providing extensive coverage up to INR 10 crore. The company provides various benefits such as flexible sum insured options, maternity and newborn cover, extensive coverage of hospitalization expenses, free annual check-ups and a variety of discounts on online and long-term policy tenure. Its wide network of cashless hospitals is impressive.
1. Is there any difference in waiting periods under Family Health Care?
Yes, there is a difference in waiting periods.
Initial 30 days waiting period applicable under the policy except for hospitalization in case of accidental hospitalization (accident date post risk inception date).
Pre-existing conditions will be covered after 36 months.
Specific diseases like- Cataracts, Hernia of all types, Fistulae, Hysterectomy etc will be covered after 24 months.
2. Are Ayurvedic/Homeopathic hospitalization expenses covered under the policy?
This benefit is available if the insured is hospitalized due to an illness/injury in an Ayurvedic/ Homeopathic Hospital (Government hospital or in any institute recognized by government and/or accredited by Quality Council of India/National Accreditation Board).
3. What is the limit of Day Care procedures?
There is no limit for Day Care procedures, any procedure according to the definition of Day Care Center & Day Care Treatment can be covered.
4. Is Preventive health checkup available in Family Health Care?
Yes, at the block of 3 years (irrespective of claims) Preventive health checkup is given 1% of the sum insured max up to Rs. 2000/- for each member.
5. What is an Organ Donor expense?
It means that we will be covering the charges borne by the insured person towards the admission of the person who will be donating the organ to the insured person. The only condition is that the main claim of the insured person for which the organ is being donated is accepted under the policy. It will be paid up to the sum insured .
What Our Customers Have to Say
October 16, 2023
Invested in a senior citizen health insurance with Bajaj Allianz for my parents and the coverage benefits are very helpful
October 9, 2023
Recently purchased a senior citizen plan from Bajaj Allianz and it provided my parents with wellness benefits and annual health check-ups that are useful for me as I stay away from my family.
October 9, 2023
Quick and efficient response from customer care of Bajaj Allianz when it comes to claim settlement queries.
October 9, 2023
Provides different options in health insurance and offers unique benefits. I purchased a maternity plan from Bajaj 2 years ago and now I am planning to start a family. Bajaj Allianz has been ve...
May 1, 2023
I have availed health insurance services from PolicyX in the year 2021 and I must say that they are reliable and have supported me with claim settlement without any delay.
June 6, 2022
Trust me, friends, Bajja is one of the best insurance companies in India. It offers good health insurance plans and its claim service is superb. I am very impressed by the work done by Bajaj Al...
May 26, 2022
My claim was settled in no time... I went to a non-network hospital and Bajaj Allianz reimburse my claim within 2 days
May 26, 2022
I took the health insurance plan for my family. Bajaj Allianz is a nice company. Go for it. Thanks to Policyx.com, they helped me a lot.
Naval Goel is the CEO & founder of PolicyX.com. Naval has an expertise in the insurance sector and has professional experience of more than a decade in the Industry and has worked in companies like AIG, New York doing valuation of insurance subsidiaries. He is also an Associate Member of the Indian Institute of Insurance, Pune. He has been authorized by IRDAI to act as a Principal Officer of PolicyX.com Insurance Web Aggregator.