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Bajaj Allianz Premium Personal Guard Plan
Bajaj Allianz Premium Personal Guard Plan
Bajaj Allianz Premium Personal Guard Plan is a Personal Accident Insurance Policy which covers the insured in case of Permanent Total Disability, Permanent Partial Disability, Temporary Total Disability & Death caused due to an accident. The plan offers high sum assured ranging from 10 lakhs to 25 lakhs.
How does the plan work?
It offers coverages under Permanent Total Disability, Permanent Partial Disability, and Temporary Total Disability & Death caused due to an accident. Self, Spouse and dependent children can be covered under this policy. The plan is best suited to the working class people example - Administrative officers / managing functions, accountants, doctors, lawyers, architects, teachers and similar occupations.
Key Features of Bajaj Allianz Premium Personal Guard Plan?
Covers Permanent Total Disability, Permanent Partial Disability, Temporary Total Disability & Death
Accidental Hospitalization Expenses
Tie-up with more than 4000 network hospitals
Lump sum amount upon the death of the insured
What is covered in Bajaj Allianz Premium Personal Guard Plan?
Below are the coverages offered under the policy:-
Death: - In case of Death due to accidental injury of the proposer, 100% of Sum Insured would be paid to the Nominee.
Permanent Total Disability (PTD):- In case of PTD due to accidental Injury, 200% of Sum Insured is paid to the proposer.
Permanent Partial Disability (PPD):- In case of PPD due to accidental injury of the proposer, % of Sum Insured as shown in the PPD table would be paid:-
An arm at the shoulder join
An arm above the elbow joint
An arm beneath the elbow joint
A hand at the wrist
An index finger
Any other finger
A leg above mid-thigh
A leg up to mid-thigh
A leg up to beneath the knee
A leg up to mid-calf
A foot at the ankle
A large toe
Any other toe
Hearing of one ear
Hearing of both ears
Sense of smell
Sense of taste
The claim payment under Death, PTD & PPD would be up to 50% for spouse & 25% for child, provided spouse & child are covered under the policy.
Temporary Total Disability (TTD):- In case of TTD due to accidental bodily Injury of the proposer, weekly benefit would be payable as per the plan opted. The claim payment under TTD benefit would be up to 50% for spouse.
Transportation of mortal remains: - The cost of transporting the remains of insured/insured’s family member(s) from the place of death to a hospital, cremation ground or burial ground will be paid.
Children's Education bonus: - in case of Death or Permanent Total disability of proposer:
- Onetime payment of Rs.5, 000/- each will be paid towards the cost of education of up to 2 dependent children who were under the age of 19 as on proposer’s accident date.
Hospital confinement Allowance: Rs. 1000/- to Rs. 2500/- as per the plan opted per day for a maximum of 30 days of hospitalization.
Accidental Hospitalization Expenses: reimbursement of the cost of medical expenses due to accidental injury up to Sum Insured
Cumulative Bonus: For every claim free year insured is eligible for Cumulative Bonus (CB) of 10% of sum insured. Maximum cumulative bonus would be 50% of sum insured up to 5 claim free years. In the event of a claim, cumulative Bonus will be reduced by 10% of the sum insured on the next renewal.
Eligibility and Restrictions of Bajaj Allianz Premium Personal Guard Plan
Entry Age (in years)
Sum Insured (in Rs.)
Renewable till Age (in years)
Life Time Renewability
Premium Paying frequency
Additional Benefits and features of Bajaj Allianz Premium Personal Guard Plan
Free look period: - If the insured is not convinced with the terms and conditions of the policy s/he can cancel the policy within 15 days from the date of receipt of the policy document. Tax Benefit: There is no Tax Benefit under this plan.
Exclusions - What is not covered in Bajaj Allianz Premium Personal Guard Plan?
driving under the influence of liquor or drugs
breach of law with criminal intent
Whilst engaging in aviation or ballooning
participating as the driver, co-driver
naval, military or air force operations
For complete list of exclusions please refer policy brochure