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Bajaj Allianz Premium Personal Guard Plan

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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
  • Hospital Allowance
  • 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

74%

An arm above the elbow joint

65%

An arm beneath the elbow joint

60%

A hand at the wrist

55%

A thumb

20%

An index finger

10%

Any other finger

5%

A leg above mid-thigh

70%

A leg up to mid-thigh

60%

A leg up to beneath the knee

50%

A leg up to mid-calf

45%

A foot at the ankle

40%

A large toe

5%

Any other toe

2%

An eye

50%

Hearing of one ear

30%

Hearing of both ears

75%

Sense of smell

10%

Sense of taste

5%


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 

Particulars

Minimum

Maximum

Entry Age (in years)

Life Insured/Spouse

18

56

Dependent Children

5

21

Sum Insured (in Rs.)

10 lacs

25 lacs

Renewable till Age (in years)

Life Time Renewability

Premium Paying frequency

Annual



 

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?

  • Suicide, self-injury
  • 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
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