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Bajaj Allianz Silver Health Insurance

Bajaj Allianz Silver Health is a policy for Senior Citizens and offers cashless benefit or reimbursement for hospitalisation expenses. This policy covers medical costs arising out of illness or injury resulting in hospitalisation.

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Cashless facility
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Pre-Post Hospitalisation
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Pre-existing illnesses
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Key Features

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Pre-existing illnesses covered upto 50% from second year of the policy
If policy is renewed continuously, there is a lifetime indemnity limit
Flat benefit of 3% paid on admissible pre and post hospitalisation expenses
Cashless facility at 2400 network hospitals
Bajaj Allianz Silver Health Policy will cover

Individuals over 46 years of age

Benefits

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Doctor’s consultation and visiting charges
Covers hospitalisation expenses
Room rent
OT charges, consumables and hospital related expenses
Emergency Ambulance charges up to Rs.1000
Waiver of co-payment can be taken on payment of additional premium
5% cumulative bonus added to sum assured for every claim free year
Free Health check-up after 4 continuous policy renewals.

Tax Benefit

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Health Insurance premiums paid up to Rs 20,000 for senior citizens are allowed as a deduction from the taxable income each year under section 80D of the Income Tax Act.

Eligibility

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  Minimum Maximum
Coverage Amount (in Rs.) 50,000 5,00,000
Policy Term (in years) 1 3
Entry Age (in years) 46 70
Renewable till Age (in years) - 75

Exclusions

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  • 20% co-payment has to be done by the policyholder if treatment taken from non-network hospital
  • 1 year waiting period for diseases like hernia, cataract, piles, hysterectomy, hypertrophy
  •  Non-allopathic treatment and medicine costs
  • HIV, AIDS, non-allopathic treatment, cosmetic treatments, joint replacement surgery, intoxicating drugs or alcohol related diseases
  • Mental or psychiatric illness