Bajaj Allianz's Health Guard Plan

Here is the list of the features and benefits of Bajaj Allianz Health Guard. Let’s take a look at them. 

1. In-patient Hospitalization Treatment

The insurance provider is responsible for paying You if You are admitted to a hospital against the recommendation of a physician as specified by the policy due to an illness or an accidental bodily injury that occurred within the policy period. However, it will be subject to room, board, and nursing costs given by the hospital or nursing home, up to 1% of the sum insured per day (excluding cumulative bonus) or actual, whichever is lower.

2. Pre-Hospitalization

The medical expenses incurred in the 60 days before your hospitalization, provided that: The company has accepted a claim for inpatient hospitalization under Inpatient Hospitalization Treatment Cover, and Such Medical Expenses were incurred for the same illness/injury for which Subsequent Hospitalization Was Required.

3. Post-Hospitalisation

The Medical Expenses incurred during the first 90 days after you were released from the hospital, provided that: The company has approved an inpatient hospitalization claim under Inpatient Hospitalization Treatment Cover, and The Medical Expenses are related to the same illness or injury for which the earlier hospitalization was necessary.

4. Free Look Period

The policy’s terms and conditions may be reviewed by the insured person during a free look period of fifteen days following the date of receipt of the policy document. The insured is entitled to a refund of the premium paid, less any costs incurred by the company for the medical examination, if they have not filed any claims within the Free Look Period.

5. Wellness Benefit

The Bajaj Allianz Health Guard policy also offers a wellness benefits discount of up to 12.5% on renewal if you continue to maintain good health.

6. Portability Benefit

According to IRDAI portability guidelines, the insured beneficiary will have the choice to port the policy to other insurers by applying to the such insurer to port the entire policy along with all of the family members, if any, at least 45 days before, but not earlier than 60 days from the policy renewal date.

7. Health Check-ups

You’ll probably receive free health examinations if you choose Bajaj Allianz’s Health Guard, which is one of the main advantages. Speaking of the plan, it provides free health examinations for a list of pre-defined tests after every three claim-free years.

8. Tax Benefits

You can deduct Rs 25,000 annually from your taxes when you choose a Family Health Insurance coverage for yourself, your spouse, your kids, and your parents (provided you are not over 60 years).

9. Co-Pay Discount

The insured will be entitled to an additional 10% or 20% off the coverage premium if they want to do so willingly. If a claim has been approved for in-patient hospitalization treatment, the insured person is responsible for paying 10% or 20% of the eligible claim amount that is covered by this insurance, accordingly.