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 -
- Plan A – Flat premium amount Rs.4,999, age 18 – 55 yrs
- Plan B - Flat premium amount Rs. 9,999, age 18 – 55 yrs
- Plan C - Flat premium amount Rs.14,999, age 18 – 55 yrs
- 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
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Minimum
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Maximum
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Coverage Amount (in Rs.)
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1,00,000
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3,00,000
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Policy Term (in years)
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1
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1
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Entry Age (in years)
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18
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75
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Renewable till Age (in years)
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-
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75
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Family floater policy will cover
An individual + spouse
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
