About the Bajaj Allianz Extra Care Plus Policy
Costs associated with availing of medical care have begun to skyrocket in the past few years and this holds particularly true in the case of private hospitals. Once additional expenses associated with pre and post-operative care, follow-up expenses, medicine costs and medical bills come into play, the total figure you are looking at is practically prohibitive. In such circumstances, even the most comprehensive health insurance plans can also be rendered insufficient in being able to provide adequate coverage to offset such high expenses. It is within such situations that plans like Bajaj Allianz’s Extra Care Plus policy gain credence as they provide significant coverage in lieu of reasonable premiums paid. Continue reading to understand the intricacies associated with such a plan.
Features of Bajaj Allianz Extra Care Plus
Take a look at some of the key features associated with Bajaj Allianz’s Extra Care Plus policy by examining the points mentioned below.
Advantages of Extra Care Plus Policy
There are several merits associated with availing of Bajaj Allianz’s Extra Care Plus policy. These have been touched upon in the points mentioned below.
The Insurance Wallet application available to policyholders entitles them to make claims amounting to up to INR 20,000 with the health insurance claim by direct click (or CDC) service that provides instant settlements.
Efficient claim settlements are available under the Extra Care Plus policy.
Policyholders are entitled to avail of tax benefits as stated under Section 80D of India’s Income Tax Act.
Lifetime Renewals Available
As you age, the chances of your being allowed to renew your health insurance plan begin to decline. That being said, the Extra Care Plus policy entitles policyholders to lifetime renewals applicable to their health insurance top-up plans.
Provided you are under 55 years old you do not need to go through the hassle of undergoing medical tests in order to avail of this health insurance plan.
This health insurance plan provides those interested in the policy with a 15 day free look period in health insurance such that they can try out the benefits associated with the insurance plan.
Inclusions of Bajaj Allianz Extra Care Plus
Examine the list featured below in order to understand what inclusions are provided under Bajaj Allianz’s Extra Care Plus policy.
Expenses incurred under in-patient hospitalisation are accounted for and provided with coverage under this health insurance policy.
Expenses Incurred Pre and Post-Hospitalisation
Expenses relating to pre-hospitalisation dated up to 60 days as well as post-hospitalisation expenses that are accrued up to after 90 days are covered under this policy.
Medical treatments that are modern or technologically advanced have up to 50 per cent coverage applicable on the sum insured amount or up to INR 5 Lakhs – whichever amount happens to be less.
Medical expenses that arise during pregnancy and childbirth are covered under this policy for up to two deliveries.
Organ harvesting expenses such as the cost associated with the surgery used to remove the organ is financed by the insurance provider.
Once you have held the Extra Care Plus policy for three continuous years, Bajaj Allianz will reimburse the expenses associated with your medical check-up keeping in mind the wording outlined in the Extra Care Plus policy.
Exclusions of Bajaj Allianz Extra Care Plus Plan
It is important to be aware of what expenses aren’t covered under this health insurance plan made available by Bajaj Allianz. Examine the list mentioned below in order to understand these exclusions.
For starters, medical expenses racked up for a new-born baby aren’t provided with coverage
Dental treatment or surgery that isn’t related to helping resolve dental issues caused by an accidental injury to natural teeth isn’t included
Surgical treatments geared towards offsetting obesity aren’t provided with coverage
Surgeries designed to alter an individual’s gender aren’t covered
Treatment meant to tackle substance or drug abuse and alcoholism isn’t included
Plastic or cosmetic surgery isn’t insured under this plan
Accidents arising from hazardous, or adventure sports aren’t provided with coverage
Expenses associated with tackling infertility or sterility aren’t accounted for
Vaccinations of any kind aren’t covered
The cost of procuring contact lenses, spectacles, dentures, hearing aids or other related implements isn’t included.
Why Opt for A Top Up Plan
One of the primary and most pressing reasons as to why a top-up plan ought to be purchased is the fact that it helps offset medical expenses in the event that a Mediclaim policy proves to be insufficient. If you happen to be exclusively dependent on one particular health insurance policy in order to offset your medical costs it is recommended that you avail of a top up health insurance policy. A top-up plan can be considered as a standalone policy where the sum assured can be useful in the event of an unforeseen medical crisis.
The lifetime renewal facility offered under such a plan is particularly useful for those who are nearing the age of their retirement. This is owed to the fact that purchasing or renewing a health insurance plan can be particularly tedious for senior citizens. This is owed to the fact that this age group is more susceptible to diseases and is more likely to sustain critical medical conditions. The Extra Care Plus policy is designed to help tackle such situations.
Another advantage associated with purchasing this kind of top-up plan is that it acts like a financial cushion designed to tackle inflation. Like all other expenses, medical costs are expected to rise over time. With Bajaj Allianz’s Extra Care Plus policy your medical expenses can be adequately tackled over the long run.