Bajaj Allianz Family Care First Health Insurance Plan
Bajaj Allianz Family Care First Plan is a 3 year Health Insurance Plan issued by a Life Insurance Company, which can be taken for the entire family.
In this plan, premium needs to be paid for the entire 3 policy years and it is guaranteed for the 3 years. This plan can be taken for the entire family including you, your spouse, children as well as parents. However, there is no Death Benefit under this plan. The Sum Assured is the maximum coverage for hospitalization expenses that can be reimbursed with the policy year.
Thus, it provides for usual Hospitalization expenses like Room rent and Boarding expenses, Nursing expenses, Doctor’s fees, Operation theatre charges, Cost of Anesthesia, Blood, Oxygen, Medicines and Drugs, Diagnostic, etc. along with 140 Day Care Procedures.
There is an additional rider of Health Critical Illness that can also be opted for.
Key Features of Bajaj Allianz Family Care First Health Insurance Plan
- The entire family can be covered under the same plan which includes your spouse, children and parents as well
- This plan is a 3 year Plan with premium guarantee for each policy term
- This plan provides for 15% discount on prevailing premium on every renewal after the 3 year policy tenure
- This plan also covers Day Care Treatment for 140 day care procedures
- This plan has Pre-Hospitalisation and Post-Hospitalisation Benefit of flat rate of 3% of the reimbursable hospital expenses will be paid on each hospitalisation claim
- This plan pays for expenses towards ambulance as well.
- There is an additional Health Critical Illness rider
- Certain Illnesses are covered after a waiting period of 6 months to 2 years
Benefits the policyholder get from Bajaj Allianz Family Care First Health Insurance Policy
Death Benefit – There is no Death Benefit in this plan.
Maturity Benefit – There is no Maturity Benefit in this plan.
Income Tax Benefit - Health Insurance premiums paid up to Rs. 15,000 are allowed as a deduction from the taxable income each year under section 80D and Rs 20,000 for senior citizen.
Eligibility conditions & other restrictions in Bajaj Allianz Family Care First Plan
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Minimum
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Maximum
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Family Floater Sum Assured (in Rs.)
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1.5 lacs
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10 lacs
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Policy Term (in years)
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3 years
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Premium Payment Term (in years)
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3 years
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Entry Age of Primary Life Insured and Spouse(in years)
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18
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71
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Entry Age of Parents (in years)
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18
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71
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Entry Age of Children (in years)
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3 months
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18
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Age at Maturity for Adults(in years)
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-
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74
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Age at Maturity for Children (in years)
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21
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Premium (in Rs.)
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2251
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31351
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Premium Paying Mode
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Yearly, Half-Yearly, Quarterly and Monthly (ECS)
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Additional Features and Benefits of Bajaj Allianz FamilyCare First Plan
Riders – There are 1 additional rider available in this policy:
- Health Critical Illness rider
You stop paying the premium - If the policy holder stops paying the premium, the policy cover and all its benefits will cease. If the policy is not revived within 30 days from the due date of first unpaid premium, then at the expiry of the 30 days, the policy shall be terminated without any surrender value.
You want to surrender the policy – This policy does not have any surrender option.
You want a loan against the policyholder policy - There is no loan available under this plan.
Alternate Health Plans from different Life Insurance companies
Bajaj Allianz Health Care Plan
