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Bajaj Allianz Silver Health Insurance

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Bajaj Allianz Silver Health Insurance Policy


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.



Key Features of Bajaj Allianz Silver Health Insurance Policy


  • 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



What is covered in Bajaj Allianz Silver Health Isnurance Plan?


  • 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



Additional Benefits of Bajaj Allianz Silver Health Insurance Plan


  • 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.



Eligibility and Restrictions of Bajaj Allianz Silver Health Policy






Coverage Amount (in Rs.)



Policy Term (in years)



Entry Age (in years)



Renewable till Age (in years)





Bajaj Allianz Silver Health Policy will cover


Individuals over 46 years of age



Tax Benefits in Bajaj Allianz Silver Health Policy


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.



Exclusions - What is not covered in  Bajaj Allianz Silver Health Policy ?


  • 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
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