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Individual Health Insurance Plans
Bajaj Allianz Global Personal Guard Plan
Life is full of uncertainties, and accidents can strike anyone at any time. Due to the unpredictable nature of life, death and partial or total disability can put your family in a real financial crisis. And, when your family is suffering from an economic crisis, that may create hindrances to fulfilling their dreams and responsibilities. To save you from this financial stress and to help you in your time of need, Bajaj Allianz General Insurance Company has come up with a unique health insurance plan, Global Personal Guard, that promises to give relief from these kinds of situations. This plan provides extensive worldwide coverage against death, total permanent disability or partial permanent disability, or any kind of injuries that arise out of an accident. This plan also comes in handy against accidents while travelling abroad as it offers global coverage. To know more about this plan, have a look at the following mentions.
|Minimum entry age|
For Proposer and Spouse, Dependent Parents – 18 Years
For Dependent Children – 3 Months
|Maximum entry age|
For Proposer and Spouse, Dependent Parents – 70 Years
For Dependent Children – 25 Years
|Policy year||1, 2, and 3 years|
|Free look period||In general – 15 days|
|Pre-hospitalization expenses (Optional)||60 days|
|Post-hospitalization expenses (Optional)||90 days|
There are 12 optional covers and you may opt for any or all the following Optional Covers on payment of an additional premium.
Benefits of Bajaj Allianz Global Personal Guard
This plan is dedicatedly designed to provide you and your family a financial relief in the face of accidents. The following table details the information that this plan offers.
If during the Policy Period, the Insured Person sustains Accidental Bodily Injury which directly results in Death of the insured person within 12 months from the Date of accident, then the Company agrees to pay the Sum Insured.
|Permanent total disability|
Permanent Total Disability will mean either of the following:
|Permanent partial disability||If you sustain Accidental Bodily Injury during the Policy Period which directly results in Permanent Partial Disability within twelve months from the Date of accident, then the policy agrees to pay a certain specified percentage of the Sum Insured.|
|Hospitalization expenses||This optional cover protects you against medical expenses incurred in case you are hospitalized for a minimum of 24 hours or have undergone any of the listed daycare procedures because of an accidental injury. Pre and post-hospitalization expenses are also covered in such a case.|
|Covers entire family||Under this one policy, you can cover yourself, your spouse, your dependent parents, and your dependent children, as well.|
|Long term policy||You can opt for this policy for a period of 1, 2, or 3 years according to your convenience.|
|Wide sum insured options||This plan is made for the people belonging to each economical class. The sum insured option ranges from Rs. 50,000 to Rs. 25 crores based on your income.|
|Lifestyle modification benefit||This policy covers expenses incurred for lifestyle modification after an accidental injury.|
|Cumulative bonus||With this plan, you are eligible to avail of a cumulative bonus of 10% of the sum insured for every claim-free year.|
|Hospital cash benefit||Under this optional cover, in case of hospitalization due to an accidental injury, you are eligible for a daily benefit amount of up to 60 days.|
|Road ambulance cover||This optional cover would pay at actuals for the emergency ambulance expenses incurred in case of hospitalization due to accidental injury up to the sum insured to transport the affected person to the nearest hospital.|
Coverages Under Bajaj Allianz Global Personal Guard Policy
Apart from the above general benefits and facilities, this plan has come up with a sack full of unique advantages which have made this plan popular among consumers. To know more about these benefits, have a look at the following mentions.
Adventure Sports Benefits:
While almost all the standard health insurance policies do not provide any coverage for adventurous sports, this policy provides optional cover against death or permanent total disability caused by accidental bodily injury while engaged in any non-professional adventure sports under supervision.
Air Ambulance Cover:
Under this benefit, then the policy will pay for emergency air ambulance expenses from the accident site to the nearest hospital.
Children’s Education Benefit:
With this benefit, you no longer have to worry about your children’s education costs if you have an accident. Children’s education benefit is an optional cover that is payable towards the cost of education of your dependent children, in case you are permanently disabled or worse due to an accident.
In case you are in a comatose state due to an accidental injury, this policy provides an optional cover up to the sum insured.
EMI Payment Cover:
You can opt for this optional cover to insure your active EMI for 3 months in case of permanent partial disability due to an accidental injury, which is subject to the terms and conditions of the policy.
This optional cover is for expenses incurred for the treatment of a fracture. The maximum limit is up to Rs 5 lakh.
Loan Protector Cover:
You can opt to receive an amount corresponding to the outstanding balance amount of your loan specified in the policy up to the sum insured opted under this optional cover.
Loss of Income Due To Disability From An Accident:
With this cover, you become eligible to get protected against the loss of income that arises out of disability as a result of an accidental injury.
Travel Expenses Benefit:
In case of hospitalization due to accidental injury outside your city of residence, this optional cover would pay for travel expenses of a family member, up to the sum insured opted to visit you in this scenario.
Exclusions of Bajaj Allianz Global Personal Guard
Understanding a plan completely is not completed unless and until you know the exclusions of it. Therefore, to offer you a comprehensive idea of the plan, and to avoid future complications, here are the general exclusions of the Bajaj Allianz Global Personal Guard Plan.
- If you receive an accidental bodily injury as a result of suicide, suicide attempt, or self-inflicted harm, that will not be covered.
- If you receive any accidental injury or bodily injury due to the consumption of alcohol, drug, or any other intoxicating substances, that will also fall under the category of exclusions.
- If accidental injury or death happens as a result of committing any breach of law with criminal intent, that will be excluded.
- If accidental injury or death occurs as a result of engaging in aviation or ballooning while mounting into, dismounting from, or traveling in any balloon or aircraft other than as a passenger (fare paying or otherwise) in any duly licensed standard type of aircraft anywhere in the world will be excluded.
- If you participate as the driver, co-driver, or passenger of a motor vehicle during racing and trial runs, and if you get an accidental injury during that time, the expenses for that will not be covered by the policy.
- Any curative treatments or interventions that you carry out or have carried out on your body will not be covered.
- If you participate in any naval, military, or air force operations, whether in the form of military exercises maintained without a break or war games or actual engagement with the enemy, whether foreign or domestic and receive accidental bodily injuries from there, then those medical expenses will be excluded.
- Your consequential losses of any kind or your actual or alleged legal liability will be excluded from the policy coverage as well.
- Venereal or sexually transmitted diseases are excluded.
- Pregnancy resulting in childbirth, miscarriage, abortion, or complications is put under the category of exclusions.
- Treatment arising due to war, invasion, an act of foreign enemies, rebellion, public unrest, military or usurped power, seizure, capture, detainment, confiscation, or nationalization by or under the order of any government or public or local authority will be excluded.
- Treatments arising out of nuclear energy or radiation will be excluded from the policy coverage.
Frequently Asked Questions
Yes, this policy offers both cashless and reimbursement claim processes. You can choose anyone according to your convenience.
Under normal circumstances, lifetime renewal benefit is available under the policy except on the grounds of fraud, misrepresentation, or moral hazard. However, no Renewal of the contract will be permissible in the event of admissible claim and settlement under Coverage of Death or Permanent Total Disability.
The followings are the migration guidelines:
- You can opt for migration of policy to the company’s other similar or closely similar products at the time of renewal.
- The premium will be charged as per the insurer’s Underwriting Policy for a such chosen new product, and all the guidelines, terms, and conditions of the chosen product will be applicable.
- Suitable credit of continuity/waiting periods for all the previous policy years would be extended in the new policy, only if the policy has been maintained without a break.
The discount list is as follows:
- Family Discount: 10 % family discount will be offered if 2 or more dependent family members are covered under a single policy. The family discount will be offered for both new policies as well as for renewal policies.
- Long Term Policy Discount: 4 % discount is applicable if the policy has opted for 2 years, and an 8 % discount is applicable if the policy has opted for 3 years.
- Employee Discount: 20 % Discount applicable for policies issued to employees of Bajaj Allianz General Insurance Company Limited & its group companies.
- Online Discount/Direct Customer Discount: 10% discount is extended for the policies purchased online/ through the website and to direct customers.
Usually, a standalone personal accident policy covers you and your family from accidental death, permanent disability, and partial disability. However, you remain unprotected from the other 12 additional benefits, as stated above. With the help of these 12 additional benefits under one policy, the Global Personal Guard policy assures financial support and complete peace of mind in case of an unfortunate accident.
No, this policy only covers death arising out of an accident or accidental injury.