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No Room Rent Capping | No Medical Check-up up to 55yrs | Tax Benefit up to 75k | Buy Health Insurance starting @ ₹244 pm

what is Bajaj Allianz Health Insurance

Health insurance plans from Bajaj Allianz Health Insurance can protect you from the financial repercussions of unexpected medical emergencies or extended healthcare treatments you may need later in life. The different types of policies offered by Bajaj Allianz Health Insurance come with varying benefits and costs. You can compare your options online before deciding which kind of plan from Bajaj Allianz Health Insurance may be right for you. Read this article to find out more about health insurance offered by this company.

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About Bajaj Allianz Health Insurance at a Glance

In life, the only thing that matters the most is good health for you and your loved ones in every aspect. But life-threatening illnesses and emergency hospital visits can arise anytime, anywhere. During such times, you cannot solely depend on your life savings to overcome medical expenses. Bajaj Allianz health insurance plans come to your rescue here. These health insurance plans are designed with a wide range of benefits and provide all-round coverage against diseases, illnesses, accidents, etc. Let’s understand Bajaj Allianz health insurance in detail.

Bajaj Allianz Health Insurance Plans 

Bajaj Allianz health insurance plans are designed to cater to the diverse and specific requirements of customers pertaining to health insurance in order to keep pace with the changing lifestyle and rising medical costs. Bajaj Allianz health insurance offers various health insurance plans. Here are the different plans offered by Bajaj Allianz Health Insurance, along with the Bajaj Allianz health insurance premium chart:

Health Insurance Plans

Features

Check Plans

Bajaj Allianz Health Guard Policy floater)

  • Sum Insured- ₹1,50,000-₹1,00,000,00

  • Entry age- 18 years - 65 years

Bajaj Allianz Health Infinity (Individual policy)

  • Indefinite sum insured

  • Indemnity based payout

  • Entry Age-18 years - 65 years

Bajaj Allianz  Arogya Sanjeevani (Available as individual and family floater)

  • Hospitalisation cover for ₹1,00,000-25,00,000

  • AYUSH Treatment

  • Entry Age-18 years - 65 year

Bajaj Allianz Critical Illness

  • Sum insured- ₹1,00,000-50,00,000 for people under 6 years - 60 years

  • Sum Insured- ₹1,00,000-10,00,000 for people under 61-65 years

Bajaj Allianz Criti Care

  • Age limit-18-65 years ₹1,00,000 Sum insured

  • Entry at 61-65 years- ₹10,00,000 Sum insured

Bajaj Allianz Global Personal Guard

  • Sum insured- ₹50,000-25 crore

  • Entry age- 18 years - 70 years

Bajaj Allianz Extra Care Plus Policy

  • Sum Insured- ₹3,00,000-₹50,00,000

  • Entry Age- 18 years - 80 years

  • Children- 91 days - 25 years

  • Lifetime renewability

 

How to Buy Bajaj Allianz Health Insurance at Bajaj Markets?

At Bajaj Markets, buying your Bajaj Allianz Health Insurance is a very seamless process. The online portal makes it easy for you to get your policy in just a few clicks online! Here’s how you can go about it:

  1. Click on the any View Plans button mentioned in the table as per requirement. . 

  2. Provide the necessary details about whom you wish to insure, their age, date of birth and your mobile number.

  3. Pick a suitable plan as per your needs.

  4. You can also enhance your coverage by selecting the add-on covers available.

  5. Make the Bajaj Allianz health insurance premium payment.

Your policy will be sent to you after confirmation of the successful payment of the premium.

Why To Buy Bajaj Allianz Medical Insurance?

Bajaj Allianz health insurance policies provide you access to the best healthcare facilities while keeping you financially secure. With these policies, you can enjoy the best medical treatments at any of the 8,000+ network hospitals without worrying about the medical bills. With health insurance plans at affordable premiums and a high claim settlement ratio of 98%, Bajaj Allianz health insurance policies are ideal for you if you are looking for the highest coverage at a low cost. 

Key Features of Bajaj Allianz Health Insurance

Key Features

Highlights

Incurred Claim Ratio

77.61%

Network Hospitals

8,000+

Renewability

Lifelong

Waiting Period

Up to 3 years

 

Advantages & Benefits of Bajaj Allianz Health Insurance

Here are some of the benefits of buying Bajaj Allianz health insurance plans:

  • Tailor-made plans

Personalised health insurance plans that suit your medical needs.

  • Instant claim settlement

With a smooth and quick claim settlement process, the company claims to settle cashless claims within 60 minutes of the claim request.

  • Daily cash benefit

Bajaj Allianz health insurance offers a daily cash benefit of ₹500 per day for up to 10 days.

  • Cashless claim facilities

With a network of 8,000+ partnered hospitals and cashless claims offered at these hospitals, you can rest assured.

  • Tax benefits

Bajaj Allianz Health Insurance lets you enjoy significant tax benefits of up to ₹75,000 on the premiums paid under the Income Tax Act’s (1961) Section 80D.

Bajaj Allianz Health Insurance Plans- Inclusions & Exclusions

Listed below are a few inclusions and exclusions of Bajaj Allianz health insurance plans,

Inclusions

Exclusion

  • Pre & Post hospitalisation cover

Pre & post hospitalisation costs like check-ups, recovery treatments, and more
  • Pre-existing diseases

Pre-existing diseases will be excluded till the end of the 3-year waiting period.

  • Policy reinstatement

Reinstatement benefit on the same illness in case your sum insured has been completely exhausted during the policy year

  • Maternity expense

Maternity/newborn expenses will be excluded till the end of the 6-month waiting period

  • Organ donor expenses

Expenses incurred during organ donor treatment

  • Diseases during the initial 30 days of the policy

Any disease contracted during the first 1 month of the commencement of the health insurance policy will not be covered. However, accidental injuries are taken care of during the waiting period

  • AYUSH Treatment

Expenses incurred for Ayurvedic/Homoeopathic hospitalisation for up to ₹20,000

  • Specific diseases

Diseases like cataracts, piles, hernia, and sinusitis will be excluded from the Bajaj Allianz health insurance coverage till the end of the 2-year waiting period

  • Recovery benefits

Convalescence benefits up to ₹5,000 per year for more than 10 days of continuous hospitalisation

  • Diseases caused by substance abuse

Treatment for the use of intoxicating and/or harmful substances like drugs or alcohol

  • Free preventive health checkups

Free preventive health check-up at the end of a continuous period of 3 years in case of an individual health insurance plan

 
  • In-patient treatment cover

Expenses incurred due to treatments and diagnosis, ICU charges, fees of specialists, medical consultants, and practitioners during in-patient hospitalisation.

 

 

How to Calculate Premiums Online for Bajaj Allianz Health Insurance Plans?

It is essential to keep yourself and your family, including your parents, insured with a suitable health insurance policy. However, before you purchase any plan, read the terms and conditions carefully and jot down the insurance premium.

Bajaj Allianz provides a free online premium calculator that is easy to use and calculates the premium amount in real time with accuracy. If you are planning to purchase health insurance or are going to renew your plan and want to know how much it will cost you. Here you go,

Bajaj Allianz health insurance premiums can be easily calculated on Bajaj Markets. Here is all you need to do:

  1. Visit the ‘Health Insurance Premium Calculator’ page on Bajaj Markets.

  2. Enter the necessary details of the person to be insured like age, address, mobile number etc.

  3. Once you hit the ‘Get Quote’ button, the available plans for you shall be displayed.

  4. Pick the plan that best suits your requirements.

  5. Based on your choice, the premium amount you are liable to pay for the Bajaj Allianz health insurance cover will be displayed.

  6. Not just this! You can customise your plan too! Choose from the add-on covers to enhance your medical coverage.

Benefits of Bajaj Allianz online premium calculator

Manually computing premiums on health insurance is a tedious job, and there are chances of inaccuracy. Here are some advantages of the Bajaj Allianz online premium calculator,

  • You can easily access it on your phone, tablet, or laptop at anytime, anywhere

  • You get to calculate the exact premium free of cost

  • You no longer have to contact multiple insurers and ask for their quotes, you get it all here

  • Bajaj Allianz's online premium calculator is user friendly, quick, and accurate

  • While calculating, you have complete control over your plan.

  • Once you are aware of the premium amount, you will be ready to choose the most appropriate plan

What are the details required to calculate your premium online?

Every online premium calculator offered by various insurers asks for the following basic information to calculate your premium:

  • Your name, age, gender, location details, and contact information

  • Your habits, like whether you are a smoker, consume alcohol, or use tobacco

  • Medical history

  • Your policy preferences and tenure 

Tax Benefits for Bajaj Allianz Health Insurance

Bajaj Allianz Health Insurance Policies not only protect you during medical emergencies, but they also save you money on taxes,  lets understand how,

Condition

You, your legal partner and kids

Senior Citizens (Parents)

Total Tax benefits

If you and every member of your family including your parents are below 60 years

₹25,000

₹25,000

₹50,000

Suppose everyone in family are below 60 years but your parents are above 60 years age

₹25,000

₹50,000

₹75,000

When everyone in your family including your parents are above 60 years are

₹50,000

₹50,000

₹1,00,000

 

You also get an additional tax benefit of ₹5,000 annually on preventive health checkups.

Enhance Your Protection Against Medical Emergencies with Optional Covers by Bajaj Allianz Insurance

You can enhance your health insurance coverage widely by opting for additional riders. Let's understand,

What is a rider?

Riders are the additional protection that you may opt for on your base plan. It enhances your protection against medical emergencies.

Listed below are a few optional riders/ add-ons by Bajaj Allianz Insurance

  • Hospital cash add-on

Under this add-on the policyholder is entitled to receive money for the days he or she was admitted in the hospital. This amount is based on the plan you choose. The minimum requirement is, the insured has to be admitted to the hospital for at least 24 hours.

  • Accident disability add-on

If the policyholder suffers from a partial or complete disability due to an accident, the insurance company will pay a part or the entire sum insured, however, it completely depends on the level of injury.

  • Critical Illness add-on

Critical Illnesses are usually not covered in the usual health insurance policies hence, it is a good idea to opt for a critical illness add-on.

  • Maternity expense add-on

Health insurance policies does not cover maternity-related expenses, however, if you have the maternity cover add on your maternity expenses during the birth of your child, vaccination, post-delivery expenses.

Before choosing the add-on always ensure to read the terms and conditions, because the add-on cover varies from plan to plan and insurer to insurer. Be sure about which cover you actually need then only opt for it because, the more add-on you will opt for, the higher premium you will have to pay along with wider coverage.

What is Bajaj Allianz Health Insurance Claim Settlement Ratio?

The claim settlement ratio is a percentage of total claims settled or resolved by a company in a particular financial year.

CSR = (total number of claims paid by the insurer / total number of claims received in that fiscal year) multiplied by 100. 

You must wonder why people are so concerned about the claim settlement ratio of an insurance company. Well, there are so many lucrative plan options, it is challenging to choose one. There is a claim settlement ratio that helps in deciding on a suitable health insurance policy and the insurer. In the financial year 2021–2022, Bajaj Allianz Health Insurance stands at a claim settlement ratio of 98.48%.

Before you buy any health insurance or life insurance, you must check the claim settlement ratio of the insurer you are choosing. It is your right to know about the company's financial position, reliability, and other important aspects before you invest your hard earned money in it.

  • Insurer reliability

Claim settlement is the metric used to evaluate the worthiness of the insurance provider. It reflects whether the insurer is capable of paying the maturity benefits, healthcare claims, death benefits, etc. If an insurance company is unable to resolve claims, the entire investment will be for nought.Therefore, the higher the claim settlement ratio, the better positioned the company is to pay off its claims.

  • Sense of security

You pay the premium for any insurance you purchase now, but you receive the benefit later. Same with health insurance. Medical emergencies cannot be predicted in advance. Hence, it is important that, wherever there is a need, your insurance provider fulfils your claims as per the agreement.

In the financial year 2021–2022, Bajaj Allianz Health Insurance stands at a claim settlement ratio of 98.48%.

How to File your Bajaj Allianz Health Insurance Claim

Apart from checking the coverage of a health insurance plan, it is important to understand the claim process. This way, you are aware of what needs to be done when a claim is to be made. Bajaj Allianz health insurance claim filing hardly takes any time. Just follow these quick steps, and you’re done!

1. Cashless claims

  1. You need to provide your health insurance policy details to the Bajaj Allianz network hospital and fill out the pre-authorisation form.

  2. We will verify the form and provide the details of your policy benefits and coverage to the hospital.

  3. The hospital will commence the treatment once we approve the claim.

  4. When you are discharged, the hospital will send the bill along with discharge papers to us, and we will settle the claim after reducing the co-payment, if any.

2. Claim reimbursement

  1. Submit all original documents and hospital bills.

  2. Our team will scrutinise the data and may ask for any additional information that is needed.

  3. On reviewing all the documents, your claim is approved.

  4. You will receive the payment based on the policy terms and conditions.

Documents Required for Filing Bajaj Allianz Health Insurance Claim

Bajaj Allianz health insurance claim filing will need the following documents:

  • Duly filled and signed hospitalisation claim form

  • Health insurance card

  • First consultation letter from doctor

  • All lab and test reports

  • Original discharge summary document

  • Original hospital bills with detailed cost breakup

  • Copy of barcode/invoice/stickers in case of implants

  • KYC form

Bajaj Allianz Health Insurance - Awards and Recognition

Some of the awards bagged by Bajaj Allianz Health Insurance in the past years are listed below:

1. 2019

  • Asia Insurance Technology Award

  • Insurance Review and Celent

  • Marketer of the Year

  • Money Today Award

  • People Matters Best Recruitment Technology & Analytics Award

  • People Matters Talent Acquisition

  • The Insurance India Summit & Awards 2019

2. 2018

  • Asia Insurance Industry Awards 2018

  • Banking Frontiers

  • Dale Carnegie & Associates

  • Dale Carnegie Global Leadership Award

  • Dale Carnegie Global Leadership Award

  • Distributor of the Year

  • ET Now

  • Finnoviti Award

  • General Insurance Company of the Year

  • Herald Global & BARC Asia

  • Synnex Group

  • The Most Trusted Global Brand 2018

3. 2017

  • Non-Life Insurer of the Year Award

  • Outlook Money Awards 2017

Bajaj Allianz Network Hospitals 

Health insurance companies have a collaboration with hospitals, hospital chains and other helathcare centres. In these hospitals when a policyholder goes for treatment, he/ she has the advantage of getting cashless treatment. he/ she only pays for their share of treatment, the remaining is carried out by the company directly. 

Bajaj Allianz has partnered with over 8,000 hospitals across the country to provide cashless treatment facilities to their health insurance policyholders. With such a wide network of hospitals, you can ensure that in your time of need you would never far be away from getting the best medical facilities. 

Health Insurance Plans Available at Bajaj Markets

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FAQs on Bajaj Allianz Health Insurance

✔️What is a preventive health check-up benefit?

If you have held a Bajaj Allianz Health Insurance policy for a continuous period of 3 years, then at the end of it, you are eligible for a free preventive health check-up. Our partner, Bajaj Allianz, will reimburse the amount equal to 1% of the sum insured max or up to ₹2,000/- (whichever is less), for each member, during this block period of 3 years.

✔️Will I be able to get medical and premium reimbursements in case my Bajaj Allianz Health Insurance policy gets rejected?

In the event of your policy getting rejected, you are eligible for premium reimbursements within the next seven working days. However, your medical check-up expenses will not get reimbursed.

✔️When am I supposed to renew my health insurance plan?

Bajaj Allianz Health Insurance plan must be renewed before its expiry date. With our plan, you have a grace period of 30 days (after the expiry date of the plan), within which you can renew the plan without having to apply afresh. During this grace period, you will not be covered for any ailments or accidents, but the same plan can be continued. However, it is suggested that you pay your renewal premium while your health insurance is still in force so that you can enjoy uninterrupted coverage.

✔️When can I enhance the sum insured on my individual health insurance plan?

You can enhance the sum insured of your Bajaj Allianz individual health insurance policy only at the time of renewals. The enhancement would be subject to underwriting approval based on the declaration on the application.

✔️What are the modes of payment available for Bajaj Allianz health Insurance premiums?

Bajaj Allianz health insurance allows you to pay your premium online using the following modes of payment:

  • Net banking

  • Credit card

  • Debit card

  • Digital wallets

  • UPI

✔️How can I find a hospital in my city that is part of the Bajaj Allianz hospital network?

To know about the network hospitals under your Bajaj Allianz health insurance policy, download the list of network hospitals here.

✔️How can I file a claim under my Bajaj Allianz Health Insurance if I haven’t received my health insurance card yet?

If you (the policyholder) are hospitalised before you receive your health insurance card, all you need to do is inform Bajaj Allianz Health about it and give them the details like your membership number, the name of the hospital where you are being treated, etc. The company will then send a request to the hospital to begin the cashless treatment.

✔️How do I download my policy?

Here are the steps for the Bajaj Allianz health insurance policy download online:

  1. Go to the Bajaj Allianz Health Insurance E-Policy login page.

  2. To log in, enter your policy number and mobile number and click on ‘Generate OTP’.

  3. Enter the OTP received on your registered mobile number along with other necessary details.

  4. After logging in to the customer account, you can download your Bajaj Allianz health insurance policy from the given options.

✔️What is the sum insured under the Bajaj Allianz Health Guard policy?

The Bajaj Allianz Health Guard policy offers a sum insured ranging from ₹2 Lakh to ₹1 Crore.

✔️How to check the status of Bajaj Allianz medical insurance plan?

Checking the status of your Bajaj Allianz medical insurance plans is simple,

1. Visit the company's official page

2. To log in, enter your user ID and password.

3. Input the medical insurance policy number or application number

4. Put your contact details in, and you will get the status of your medical insurance plan

You can also download Bajaj Allianz’s mobile application called ‘Customer Portal’ to check your policy status.

✔️How can I cancel my Bajaj Allianz Health Insurance Plan?

To cancel or terminate your Bajaj Allianz Health Insurance plan, you need to fill up a policy surrender form and submit it on the company’s portal with the original papers related to your policy. Following verification, you will receive a refund of your premium in accordance with the terms and conditions

✔️Is cashless facility available in Bajaj Medical Insurance Plan?

Yes, Bajaj Allianz has more than 8000 network hospitals across the country. You can easily get cashless treatment with the Bajaj Medical Insurance Plan.