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
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.