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Bajaj Allianz Tax Gain Plan

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Bajaj Allianz Tax Gain Health Insurance Policy


Bajaj Allianz Tax Gain is a floater health policy which covers out-patient medical expenses (OPD) as well as hospitalisation expenses. It has a vast range of cover as it takes care of the cost of spectacles, dentures, crutches and hearing aids



Key Features of Bajaj Allianz Tax Gain Health Insurance Policy


  • Offers coverage till the age of 75 years
  • Dental treatments and procedures can be claimed under out -patient department section (OPD)
  • Cost of dentures, spectacles, crutches can be claimed
  • No need to approach TPA as claims are processed by the company
  • Flat premium for all individuals between 18 - 55 yrs of age
  • Flat premium for Senior citizens aged between 56 - 75 yrs



Type of plans available in Bajaj Allianz Tax Gain Health Insurance Plan


Four plans available -

  1. Plan A – Flat premium amount  Rs.4,999, age 18 – 55 yrs
  2. Plan B - Flat premium amount  Rs. 9,999, age 18 – 55 yrs
  3. Plan C - Flat premium amount  Rs.14,999, age 18 – 55 yrs
  4. Plan D - Flat premium amount  Rs.19,999, age 56 – 75 yrs



What is covered in Bajaj Allianz Tax Gain Health Plan?


  • Out patient department (OPD) expenses are covered under this policy
  • 130 Day care procedures which do not require 24 hr hospitalisation are covered
  • Hospitalisation expenses like room rent, doctor’s fees, cost of medicines etc are also covered
  • Emergency ambulance charges are covered up to Rs. 1000



Additional Benefits of Bajaj Allianz Tax Gain Health Policy


  • Premium slabs remain same from 18 yrs -55 yrs & 56- 75 yrs
  • Free health check-up for one person on 4 claim free continuous policy renewals
  • 10% co-payment has to be paid by the policyholder incase treatment is done from hospital other than the insurers empanelled list.
  • Waiver on co-payment is available only if additional premium is paid by the policy holder



Eligibility and Restrictions of Bajaj Allianz Tax Gain Policy






Coverage Amount (in Rs.)



Policy Term (in years)



Entry Age (in years)



Renewable till Age (in years)





Family floater policy will cover


An individual + spouse



Tax Benefits


Tax benefit can be claimed under section 80D of the Income Tax Act.



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


  • Pre-existing conditions for first  4 yrs
  • Expenses for diagnostic tests like x-ray without doctor’s recommendation
  • Cost of dentures and hearing aids for first 3 yrs
  • Any treatments done within the first 30 days from the date of policy issuance
  • HIV, AIDS and related diseases
  • Cosmetic treatments and non-allopathic expenses
  • Pregnancy and child-birth related expenses
  • Abuse of drugs, alcohol, hallucinogens, intoxicant
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