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Bajaj Allianz Sankat Mochan

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Bajaj Allianz Sankat Mochan Health Insurance Policy

 

Bajaj Allianz Sankat Mochan is a policy which covers medical and hospitalisation expenses arising out of accidents. It covers individuals against permanent or temporary disability, death and pays cash and hospitalisation expenses.

 

With a special focus towards injuries and fatalities being caused due to accidents, Bajaj Allianz Sankat Mochan is a good insurance policy to cover individuals and family members.  The policy offers cover for serious injuries, disability, hospitalisation expenses and even death caused due to accident.

 

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Key Features of Bajaj Allianz Sankat Mochan Policy

 

  • Offers dual benefit of personal accident policy and accidental hospitalisation cover
  • 125% of Sum insured is compensated in case of permanent total disability
  • No health check-up is required
  • Provides Children’s education bonus benefit
  • Accidents due to terrorism also covered

 

 

Type of plans available in Bajaj Allianz Sankat Mochan Health Insurance Plan

 

There are 16 plans available to cover:

 

Risk Class 1: Covers individuals engaged in administrative or managing functions like teachers, bankers, accountants, doctors, lawyers, architects, consulting engineer or primarily engaged in a similar occupation

 

Risk Class 2: Covers individuals engaged in manual labour, mechanic, machine operators, car, truck, lorry or heavy vehicle drivers, cash carrying employee, builders, contractors and supervising engineers, veterinary doctor, or engaged in a similar occupation

 

 

What is covered in Bajaj Allianz Sankat Mochan Plan?

 

  • Permanent total disability, temporary total disability, permanent partiality disability and death
  • In case of temporary total disability, 1% of sum insured is paid every week up to 100 weeks

 

 

Additional Benefits of Bajaj Allianz Sankat Mochan Policy

 

  • Personal accident benefit and accidental hospitalization expenses
  • In house claims done by the company. No intermediary TPA
  • In case of Permanent Total Disability the policy offers a compensation of 125% of the Sum Insured
  • The policy also provides a Children's Education bonus in the event of Death or Permanent Total disability of the Proposer

 

 

Eligibility and Restrictions of Bajaj Allianz Sankat Mochan Policy

 

 

 

Minimum

Maximum

Policy Term (in years)

1

1

Entry Age (in years)

18

65

Renewable till Age (in years)

-

65

 

 

Family floater policy will cover

 

An individual and/or his spouse

 

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Tax Benefits in Bajaj Allianz Sankat Mochan Health Insurance Policy

 

The policy offers Income Tax Benefit on the premium paid for Accidental Hospitalisation section under Sec 80 D of the Income Tax Act

 

 

Exclusions - What is not covered in Bajaj Allianz Sankat Mochan Policy?

 

  • Accidental bodily injury due to suicide or self-infliction
  • Accidental injury while under influence of drugs or alcohol
  • Accident due to deliberate or intentional criminal act or act done against the law
  • Accidents due to flying or sporting activities
  • War, nuclear energy, radiation
  • Pregnancy or child-birth related
  • HIV or AIDS related

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