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Bajaj Allianz Health Care

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This plan has been withdrawn by the insurance company and is no longer available for sale.

 

 

Bajaj Allianz Health Care Insurance Plan

 

Bajaj Allianz Health Care Plan is a 3 year Health cum Life Insurance Policy.

 

n this plan, premium needs to be paid for the entire 3 policy years and it is guaranteed for the 3 years.

If the Life Insured dies within the policy tenure, The Life Cover would be paid to the nominee as Death Benefit.

 

This plan being a Health + Life Plan provides for Health coverage to the Life Insured as well. This plan pays for Hospital Cash Benefit, Post Hospitalization Benefit and Surgical Benefit. There is Critical Illness Benefit and Accidental Permanent, Total and Partial Disability Benefits as well.

 

 

Key Features of Bajaj Allianz Health Care Insurance Plan

 

  • This plan has specific Life Cover that is payable on death of the life assured.
  • This plan provides for Hospital Cash Benefit for each full day’s stay in hospital exceeding 3 days up to the total limit allowed in a policy year
  • 50% of the Hospital Cash Benefit is paid as Post Hospitalization Benefit for follow-up treatment on the basis of recommendation of the hospital/surgeon.
  • Surgical Benefit is paid to the Life Insured in case of any surgical expenses within the policy tenure
  • Critical Illness Benefit would be paid out is case of diagnosis of any of the critical illnesses as mentioned
  • This plan has in built feature of Accident Permanent Total and Partial Disability Benefits,
  • Multiple Claims:- Hospital Cash, Post Hospitalization Benefit & Surgical Benefit can be claimed on multiple occasions as per the coverage selected (subject to the overall limits) provided the policy is in force at the time of claim.

 

 

Benefits the policyholder get from Bajaj Allianz Health Care Insurance Policy

 

Death Benefit – The Life Cover would be paid to nominee if the Life Insured dies within the policy tenure.

 

Maturity Benefit – There is no Maturity Benefit in this plan.

 

Income Tax Benefit - Health Insurance premiums paid up to Rs. 15,000 are allowed as a deduction from the taxable income each year under section 80D

 

 

Eligibility conditions & other restrictions in Bajaj Allianz Health Care Insurance Policy

 

 

Minimum

Maximum

Life Cover (in Rs.)

10,000

 

Hospital Cash (in Rs.)

Equal to Room charges (Min. Rs. 500 per day and Max. Rs. 1000 per day in

ICU),

30,000 in a policy year.

Post Hospitalization Benefit (in Rs.)

50 % of Claim settled for Hospital Cash per day

5 days in a policy year

Surgical Benefit (in Rs.)

Equal to Surgical Expenses

50,000 in a policy year

Critical Illness Cover (in Rs.)

-

50,000 in a policy year

Accidental Permanent Total / Partial

Disability (APT/PD)

Rs. 50,000 payable on total disability and Rs. 25,000 payable on partial disability

Policy Term (in years)

3 years

Premium Payment Term (in years)

3 years

Entry Age of Policyholder (in years)

18

57

Age at Maturity (in years)

-

60

 

 

Additional Features and Benefits of Bajaj Allianz Health Care Plan

 

Riders – There are no additional riders available in this policy

 

                                             

What happens if?

 

You stop paying the premium - If the policy holder stops paying the premium, the policy cover and all its benefits will cease. The policy can be reinstated within 6 months from the due date of the first unpaid premium subject to the payment of outstanding premiums plus interest, subject to underwriting

 

You want to surrender the policy – This policy does not have any surrender option.

 

You want a loan against the policyholder policy - There is no loan available under this plan.




 

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