Bajaj Allianz Health Insurance Policy cancellation
Stop! Stop! Stop! Don't go back without knowing how to cancel your Bajaj Allianz Health Insurance policy.
How easy and accessible everything has become nowadays, no? With just one click, you can shop or return a product. The same happens with health insurance policies as well. You can buy any health insurance with just a few clicks. Similarly, if you don't want to keep it, if it doesn't serve your needs, or if its terms and conditions don't align with your requirements, you can tap on your phone's screen and cancel it anytime.
After all, it's a customer's right to keep or surrender a policy. So, we've figured out the most simple ways how to cancel Bajaj Allianz Health Insurance. Read further about how you can proceed with cancelling it, how to connect with the customer care of Bajaj General/Health Insurance Company, and other vital points.
When should I cancel my Bajaj Allianz Health insurance policy?
Every insurance company must provide the policyholders with a free-look period in which they could be able to review and rethink their policy's continuation coverage. The Bajaj Allianz Health Insurance allows a free-look period of 30 days in which they can decide whether they want to keep the health insurance policy active or just cancel it.
However, if you feel that the health policy's terms and conditions and coverage benefits are not satisfactory or not sufficient or just didn't work like how you wanted to. You have a choice of cancelling it after the free-look period by giving a written notice to your health insurer 15 days before initiating the cancellation.
What refunds can I expect after cancelling the Bajaj Allianz Health policy?
Every policyholder is entitled to get a refund after cancelling the Bajaj Allianz Health Insurance Policy. Know here what are the refund benefits upon Bajaj Allianz Health policy cancellation and what you'll receive for the same:
Policy tenure - 1 Year
Refund amount (in %)
Up to 1 month
75%
Up to 3 Months
50%
Up to 6 Months
25%
Exceeding 6 Months
Nil
*This is an illustration of a common refund of the paid premium up to 1 year of the actively serving policy. The policy term for 2/3/others is a variable of different premium refunds that are already mentioned in your policy documents.
What are the deductions on the refund I'll get on cancellation?
You get a full refund on cancelling Bajaj Allianz Health Insurance in the free-look period. However, there would be some specified deductions on the overall refund of your premium amount, the specifications of which are mentioned as follows:
Administrative charges and/or stamp duty
Proportionate risks of the premium
Expenses related to health check-ups before the issuance of your policy (if applicable).
How to cancel Bajaj Allianz Health Insurance policy?
If the policyholder is not satisfied with the Bajaj Allianz Health Insurance, they are free to withdraw the policy. Read below the steps through which you can cancel your Bajaj Allianz Health Insurance:
Step 1
Get the policy cancellation form and fill it out carefully with the asked details (about personal data, policy details, etc), and attach your reason for the cancellation of the Bajaj Allianz Health Insurance policy.
Step 2
Visit the official website of Bajaj Allianz Health Insurance or the nearest branch of the company and submit your cancellation form with the policy documents and valid reason for the cancellation there.
Step 3
Once you submit the policy cancellation forms and documents that are required, the insurer will make a confirmation of the cancellation and initiate the payout specified according to the policy documents.
Step 4
This is the final stage of the cancellation procedure, where you need to choose in which form you want to receive the payout, like, via cheque which may take them to complete cancellation approximately 8 to 10 working days. Similarly, if you choose to get the direct payout, it may take somewhere around 7 to 8 days.
Contact details and visiting address of the Bajaj Allianz Health Insurance
Check down the visiting address and the customer care number of Bajaj Allianz Health Insurance Company:
Bajaj Allianz General Insurance Company Bajaj Allianz House, Airport Road, Yerawada, Pune-411006
Being a policyholder, you are eligible to choose whether you want to keep a health policy or discontinue the same. This is when you decide to quit the insurance policy due to some personal reasons or are not satisfied with the coverage or terms & conditions of the policy. However, no insurance company encourages one to withdraw health insurance. The reason is that you'll not be able to get medical and financial support from the policy when you need it for an unexpected medical emergency.
If you are still stuck somewhere with 'how to cancel Bajaj Allianz Health Insurance', you can count on us. Reach out to the expert advisors of PolicyX.com at 1800 4200 269 or shoot us an email at helpdesk@policyx.com.
Bajaj Allianz Health Insurance Cancellation: FAQ's
1. Can I cancel my Bajaj Allianz Health policy anytime I want?
Yes, you can cancel your Bajaj Allianz Health Insurance within the free-look period or after this period (till your policy documents say you're entitled to get a premium refund in the specified time frame).
2. Will I receive a full refund on cancelling my Bajaj Allianz Health insurance after the free look period?
No, some specifications of cancellation refund are applicable as mentioned in your policy documents depending on the policy tenure and the period till your policy was active.
3. Can I cancel my Bajaj Allianz Health insurance policy online?
Yes, you can cancel your Bajaj Allianz Health policy online by visiting their official website, then log in to your account and fill in the details of your policy. Proceed on the 'cancel policy' to initiate the cancellation of the policy.
Invested in a senior citizen health insurance with Bajaj Allianz for my parents and the coverage benefits are very helpful
Riya Chatterjee
Pune
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.
Rishabh Singh
Chandigarh
October 9, 2023
Quick and efficient response from customer care of Bajaj Allianz when it comes to claim settlement queries.
Priyanka Kumari
Guwahati
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...
Smita Patil
Bengaluru
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.
Pawan
Delhi
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...
Himanshi Nalwa
Pune
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
Priya Singhania
Guwahati
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.
Simran has an experience of 3 years in insurance content writing. She transitioned from hospitality to the insurance industry after her emerging interest in how vast insurance is. With her ability to write complex insurance concepts in a simple, relatable manner she keeps her audience hooked and solves their doubts smoothly.
