Bajaj Allianz Tax Gain Plan

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

 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

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

 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

• 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

An individual + spouse

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

• 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