Buy Accidental Hospitalization with Parental Benefit Cover at just Rs. 826/year BUY NOW

What is the Accidental Hospitalization with Parental Benefit Cover?

Unforeseen and sudden events can cause a lot of financial stress on you and your family. Having an insurance policy that covers permanent or temporary disability, hospitalization and death caused due to an accident. 

Bajaj Markets brings to you Group Guard Insurance Policy - Personal Accident cover from Bajaj Allianz General Insurance Co. Ltd., which provides coverage against accidental hospitalization with parental cover at a premium of just Rs. 826.

Key Features of Wallet Care Insurance

Coverage Against Death

This insurance policy takes care of you and your family in the event of unforeseen accidents and even death in accordance with the opted sum insured.

Permanent andTotal Disability (PTD)

Personal accident insurance protects you and your family by providing extensive coverage against accidental injuries (PTD)

Permanent and Partial Disability

If the policyholder sustains an accidental bodily injury that directly and independently of all other causes results in permanent partial disability within twelve months from the date of the accident, then the policyholder is eligible for a payout.

How to Apply for the Accidental Hospitalization with Parental Benefit policy plan?

The application process for this wallet insurance plan is simple and straightforward. Just follow these steps to get started:

  • Click on Buy Now

    Tap on ‘Buy Now’ on the product page

  • Fill in the Details

    Enter the required details in the online application form

  • Make the Payment

    Complete the quick online payment


You’re all set! You will receive your membership details and welcome pack on your registered email ID.

Eligibility Criteria

Here’s the eligibility criteria for the Accidental Hospitalization with Parental Benefit Cover:

  • Applicant must be an Indian resident
  • Applicant’s age should be 18 years and above

What's Covered under the Accidental Hospitalization with Parental Benefit Cover?

Here’s what’s covered under this insurance policy:

1.     Temporary Total Disability (TTD)

If the subscriber sustains an accidental bodily injury which independently and directly of all other causes results in completely preventing the policyholder from taking up their employment or occupation then the policyholder will be paid a weekly coverage as per  the “temporary total disability” clause in the certificate of insurance. The subscriber will be eligible to receive weekly payments for the disability period as specified by the consulting physician, from the date of the injury up to a maximum period of 100 weeks.

2. Child Care Coverage

With child care cover, this insurance plan gives protection to the surviving beneficiary, as a lump sum coverage amount towards the cost of education or care of the subscriber's dependent children.

3.    Parental Care Coverage  

In the event that the policyholder sustains accidental bodily injury directly and independently of other causes resulting in permanent partial disability within twelve months from the date of accident, then the subscriber is eligible for a payout.

4.  Accidental Hospitalisation   

Staying in the hospital for an injury due to an accident without undertaking any treatment is covered under this plan. Any hospitalization for accidental injury that is aggravated by an existing disability or pre-existing illness, condition or injury.

Policy Plan Details & Specifications



Sum Insured up to

Premium (including GST)


Rs. 2 lakh

Rs. 826

Lifestyle modification

Rs. 50,000


Rs. 2 lakh


Rs. 2 lakh

Child care

Rs. 1 lakh

Parental cover

Rs. 1 lakh

Accidental Hospitalization

(Pre 60 Days & Post 90 days Hospitalization)

Rs. 2 lakh


What’s not Covered?

Here’s what’s not covered under this plan:

  • Any injury caused by suicide, attempted suicide (whether sane and insane) or intentionally self-inflicted injury or illness

  • Treatments for issues related to alcoholism, drug or substance abuse or any addictive condition and consequences thereof

  • Through intentional or deliberate, criminal or unlawful act, error, or omission, participation in actual or attempted felony, riot, crime, misdemeanour, or civil commotion

  • Hazardous or adventure sports: expenses related to any treatment necessitated due to participation as a professional in hazardous or adventure sports, including but not limited to adventure sports such as para-jumping, rock climbing, mountaineering, rafting, motor racing, horse racing or scuba diving, hand gliding, skydiving, or deep-sea diving

  • Whilst participating as the driver, co-driver or the passenger of a motor vehicle during motor racing or trial runs

  • As a result of any curative interventions or treatments that you carry out or have carried out on your body

  • Arising out of your involvement in any police, naval, military or air force operations whether in peace or in war in the form of military exercises or war games or actual involvement with the enemy

  • Whether domestic or foreign operating or learning to operate any aircraft, or performing duties as a member of the crew on any aircraft or scheduled airlines

  • Whilst engaging in aviation or ballooning, mounting into, dismounting from or traveling in any aircraft or balloon other than as a passenger (fare paying or otherwise) in any duly licensed standard type aircraft anywhere in the world

  • Pregnancy, resulting childbirth, abortion, miscarriage, or complications arising from any of these

  • Ionising radiation or any contamination by radioactivity from any nuclear fuel or from any nuclear waste from burning nuclear fuel

  • The toxic, radioactive, explosive or other dangerous properties of any explosive nuclear equipment or any part of that equipment

  • Learning to operate or any aircraft, or performing duties as a member of the crew on any aircraft or scheduled airlines

  • War (whether declared or not), invasion, civil war, act of foreign enemies, rebellion, revolution, mutiny, insurrection, military or usurped power, seizure, capture, arrest, restraint or detainment, confiscation or requisition of or nationalization or damage by or under the order of any public local authority or government

  • Any injury occurring while working in explosive magazines or underground mines, or involving electrical installation with high tension supply or circus personnel or as jockey's 

*For a full list of exclusions, please refer to the policy document.

Pre-existing conditions are not covered


  • Pre-existing condition means any condition, ailment or injury or related condition(s) for which there were signs or symptoms or were diagnosed, or for which medical advice or treatment was received within 48 months prior to the first policy issued by the insurer and renewed continuously thereafter.

How to Make a Claim

You can make a claim by contacting the insurer in one of the following ways:

Insurer's Email -

Insurer's Toll-free number - 1800-209-1021

Customer Care Details

You can connect with us at Bajaj Markets. Just write to us at  in case of any queries.

Frequently Asked Questions on Accidental Hospitalization with Parental Benefit Cover

This insurance policy costs Rs. 826 per year, including GST.

Indian residents between the ages of 18 and 65 are eligible for this policy.

No, this plan does not cover expenses incurred due to participation in hazardous and adventure sports. 

You can raise a clam by contacting the insurer by writing to them at or calling them on their toll free number- 1800-209-1021. 

Yes, the policy plan covers both permanent partial disability and temporary partial disability. For complete information, refer to the policy document.


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