Bajaj General Tax Gain Policy

Overview

Bajaj General Tax Gain Plan is a family floater health insurance policy providing coverage for outpatient and hospitalization expenses under a single policy. The plan offers four variants:

• Plan A: Hospitalization Cover with OPD for self
• Plan B: Hospitalization Cover Floater with OPD for self and spouse
• Plan C: Hospitalization Cover with OPD for self and spouse, with sum insured variants of 2 and 3 Lakhs
• Plan D: For senior citizens, hospitalization is covered with OPD cover for self and spouse

The plan is available for individuals between 18 to 55 years for Plans A, B, and C. For Plan D, the entry age criteria are 56 to 75 years.

The policy can be issued for 1, 2, or 3 years with flexible premium payment modes. Policyholders can cover themselves and their spouses under the Bajaj General Tax Gain Plan.

Bajaj General Tax Gain Plan Benefits

Insured individuals are entitled to multiple benefits with the Bajaj General Tax Gain Plan:

• Plan Variants: The Bajaj General Tax Gain Plan offers four different types of plan variants with various coverage options. The plan also covers senior citizens, offering them OPD and hospitalization cover.
• Tax Benefits: All premiums paid towards the Bajaj General Tax Gain Plan are eligible for tax benefits under Section 80D as per the Income Tax Act of 1961.
• Daycare Treatment Cover: The Bajaj General Tax Gain Plan offers daycare treatment coverage for 130 daycare procedures. Insurance holders can avail of medical care for all the listed daycare procedures as mentioned in the policy schedule.
• Multiple Discounts: The Bajaj General Tax Gain Plan offers multiple long-term discount options. Insured individuals get a 4% discount for a 2-year policy term and an 8% discount for a 3-year policy term. However, if premiums are opted to be paid in installments, the discounts are not applicable.
• Health Check-ups: The Bajaj General Tax Gain Plan offers a health check-up benefit at the end of every continuous period of 4 years.

Exclusions

Permanent diseases or health conditions not included under the Bajaj General Tax Gain Plan:

• Hospitalization due to war, riot, strike, and nuclear weapons
• Intentional self-injury
• AIDS
• Miscarriage and abortion
• Congenital disease
• Infertility and in vitro fertilization

Certain diseases and treatments are covered under this plan after a specific time period:

• Listed ailments after 24 months
• Pre-existing diseases after 48 months

Bajaj Allianz Tax Gain Sample Premium

For a better understanding of how much premium you need to pay under the Bajaj Allianz Tax Gain Insurance, PolicyX.com has calculated the premium amount for different sum insured options based on different family sizes. Refer to the tables below:

For 2 Adults

For 2 Adults + 1 Child

For 2 Adults + 2 Children

Conclusion

The Bajaj General Tax Gain Insurance Plan is an OPD insurance plan with hospitalization expense cover, available in four different variants, allowing insurance holders to opt for and customize their coverage accordingly.

The plan is a suitable choice for individuals who want coverage against outpatient expenses.