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.

• 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

• 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.

Individuals over 46 years of age

 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.

• 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