Bajaj Allianz Personal Guard
Bajaj Allianz Personal Guard
  • Portability Facility
  • Hassle-Free Claim Settlement
  • Tax Benefits Under Sec 80D
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Bajaj Allianz Personal Guard

We are living a desk-bound and inactive lifestyle. Our dependence on technologies and machinery is increasing with time. This has an adverse effect on our health (for example, lack of exercise) and we are now more prone to illness. This makes health insurance a necessity in the present scenario. And in midst of all the health requirements, Bajaj Allianz is one of the most trusted brands providing health insurance to you and your family. It is offering the best of the health insurance plans. Here we are going to discuss one of the health insurance plans being served by Bajaj Allianz Health Insurance Company.

Bajaj Allianz Personal Guard is the plan we will be discussing over here. The plan provides a wide range of coverage and finest health facilities to the policyholders. Here forth we will be discussing the plan in detail but first, let us have a look at the eligibility criteria that are required to buy the plan.

Eligibility

CriteriaDetails
MinimumMaximum
Entry AgeAdults: 18 Years
Children: 5 Years
Adults: 65 Years
Children: 21 Years
Policy Term1 Year
Members Self, spouse and dependent children.

Coverage Provided Under Bajaj Allianz Personal Guard Policy

The plan gets you and your family best coverage even in the case of personal accident. All the coverages provided under the plan have been mentioned below.

Coverage OptionDetailsEligibilityCapital Sum Insured not to exceed 120 times the average monthly income.
Basic CoverDeathMaximum limit is 100 times the monthly income.
Wider CoverDeath+
Permanent Total Disability (PTD)+
Permanent & Partial Disability (PPD)+
Maximum limit is 60 times the monthly income.
Comprehensive CoverDeath+
Permanent Total Disability (PTD)+
Permanent & Partial Disability (PPD)+
Temporary & Total Disability (TTD)
Maximum limit is 24 times the monthly income.
Other Coverage Under Plan Options
Hospital Confinement AllowanceAvailableNANA
Medical ExpenseReimbursement up to 40% of valid claim amount or Rs.5 lakhs, whichever is lesser.NANA
  • Extensive Cover: An extensive cover is provided to the proposer of the policy. The insured gets all the extensive cover mentioned-below under the Personal Guard health insurance policy.
    • Death Cover: 100% of the sum assured is provided to the insured under death benefit.
    • Temporary Total Disability: In the case of temporary total disability, the policyholder gets whichever is lesser:
      • 1% of the total sum assured.
      • Rs.5000/- per week.
    • Permanent Total Disability (PTD): In the case of permanent total disability, the insurance company pays a percentage of the sum insured under the Personal Guard health insurance policy. The table mentioned-below specifies the percentage of payment done by the health insurance company in a different scenario:
      Disability TypeCompensation Percentage of Sum Insured
      An arm at the shoulder joint70%
      An arm above the elbow joint65%
      An arm below the elbow joint60%
      A hand at the wrist55%
      A thumb20%
      An index finger10%
      Any other finger5%
      A leg above mid-thigh70%
      A leg up to mid-thigh60%
      A leg up to beneath the knee50%
      A leg up to mid-calf45%
      A foot at the ankle40%
      A larger toe5%
      Any other toe2%
      An eye50%
      Hearing of one ear30%
      Hearing of both ears75%
      Sense of smell10%
      Sense of taste5%
  • Transportation of Mortal Remains: This facility is provided depending on the coverage opted under the plan like basic coverage, wider coverage or comprehensive coverage. The policyholder gets lesser of the following for transportation of the mortal remains:
    • Rs.5000/-
    • 2% of the sum assured.
  • Children’s Educational Benefit: The plan provides a one-time payment of Rs.5000 to the child of the proposer in the case of death or permanent total disability of the proposer. The plan applies to only 2 children who are under 19 years of age on the date of the accident of the insured.
  • Hospital Confinement Allowance: Under the permanent & total disability (PTD), temporary & total disability (TTD) and permanent & partial disability (PPD) cases, if the insured is admitted for more than 24 hours, he gets daily cash up to Rs.1000/- per day for a maximum 30 days.
  • Accidental Injury Medical Expenses Cover: Under this benefit, the insured gets reimbursement for accidental injury treatment expenses. The insurance company provides reimbursement up to 40% on the following (whichever is lesser):
    • Valid claim amount.
    • Actual medical bills.

Features Of Personal Guard Health Insurance Plan

The features of the Personal Guard health insurance policy has been mentioned here:

  • Free Look Period:You have 15 days duration to cross-check all the terms and conditions of the policy. In case you are not satisfied with any of the features/ coverage/ terms & conditions etc, you can cancel the policy within those 15 days of free look period.
  • Grace Period: A grace period of 30 days is provided to the insured to pay his policy premiums in case s/he misses out the premium payment date.
  • Policy Renewal: The Personal Guard policy comes with lifelong renewability features.
  • Portability Facility: The policyholder can enjoy portability facility under the plan without any loss of accumulated bonuses.
  • Hassle-Free Claim Settlement: Bajaj Allianz provides its policyholders with a smooth claim settlement process.

Benefits Of Personal Guard Health Insurance Plan

Personal Guard Policy comes with enormous benefits. You get to cherish all the benefits mentioned here forth if you purchase Personal Guard Policy.

  • Cumulative Bonus: In case you renew your policy and you have not made any claim in the previous year, the insurance company provides you with a cumulative bonus. Under the cumulative bonus, the limit of indemnity is increased by 10% of the sum assured per annum. The maximum increase is limited to 50% of the sum assured and for 5 years.
  • Family Health Insurance Discount: You get a discount of 10% for insuring your entire family. Family floater plans come with this benefit.
  • Flexible-Premium Computation: The premium changes with different risk levels. It is determined as per the occupation of the proposer. All the risk levels are as follows:
    • Risk Level I: Administrative/management functions, accountants, doctors, lawyers, architects and teachers.
    • Risk Level II: Manual labour, garage mechanic, machine operator paid driver (car, truck, heavy vehicles), cash-carrying employee, builder, contractor, a veterinary doctor.
    • Risk Level III: Workers in underground mines, electric installations with high tension supply, jockey, circus performers, big-game hunters, mountaineers, professional river rafters and similar occupation holders.

Note: Proposers with different occupations not specified above should contact the health insurance company for accurate information.

Exclusions

  • Suicide leading to accidental bodily injury.
  • Accidental death/injury under the influence of alcohol or drugs.
  • Treatment of medical conditions arising due to nuclear reaction or radiation.
  • Any injury due to participation in war activity.
  • Injury due to involvement in unlawful activity.
  • Pregnancy, childbirth, miscarriage, abortion or any other treatment related to it.
  • Treatment relating to HIV AIDs.
  • Treatment relating to venereal and sexually transmitted disease.
  • Cosmetic surgery.
  • Injury due to particip[ation in adventurous activities and life-threatening games.

Bajaj Allianz Personal Guard Policy Review

Policyholders agree that Bajaj Allianz Personal Guard Policy has lived up to the quote “maximum coverage at a low premium”. The benefits provided under the plan have convinced many confused policy buyers wandering in the health insurance market. The policyholders say that the features of the plan have motivated them to purchase this health insurance plan.

FAQs

No, it is the same plan mentioned under two different names online.

Bajaj Allianz provides a fast and hassle-free claim process. After you have submitted all the required documents, it will take only seven working days to process and settle the claim.

Yes, modifications are done on the request of the policyholder. Modifications in the policy can be done at the time of renewal of the policy & at the end of each policy year. For example, to get your sum insured increased, you can approach the Bajaj Allianz health insurance company at the time of policy renewal. The premiums will be revised based on the new sum insured.

It is possible to withdraw a policy at any time in future with appropriate approval from IRDAI. The insurance company should be informed 3 months before and all the members to be withdrawn under the policy should be mentioned clearly.

No, the only death due to accident and accidental injuries are covered under Personal Guard Policy. This is the reason the plan is also known as Personal Accident Policy.

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Last updated on 10-02-2020