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A leading name in the general insurance industry, Bajaj Allianz was formed in the year 2001 as a joint venture between Bajaj Finserv Limited and Allianz SE. Ever since its formation, Bajaj Allianz has been expanding its operations and today the company is spread across locations in India making it one of the largest private insurance companies in the Indian insurance market.
Bajaj Allianz General Insurance Company offers a range of general insurance plans like health insurance, travel insurance, home insurance, motor insurance, pet insurance, etc. It also offers customized coverage solutions for corporates and groups.
Some of the key features of Bajaj Allianz General Insurance Company are as follows –
|Customer base||More than 11 crore|
|Distribution network||More than 80,000 agents|
|Revenue earned in 1st quarter of FY 2021-22||Rs.2494 crores|
In its journey to become one of the largest insurance providers, Bajaj Allianz has won numerous awards. Some of the most recent ones include the following –
The health insurance plans of the company are inclusive in their scope of coverage. Some of the common coverage benefits that are available under most Bajaj Allianz health insurance plans are as follows:
|Inpatient-hospitalization cover||An inpatient hospitalization is a time during which a patient receives treatment for an illness or injury in a hospital. Hospitalization and treatment costs are covered if you are hospitalized for 24 hours or more.|
|Pre-hospitalization cover||When you incur medical costs for the same illness or injuries like the one for which you are hospitalized, medical costs incurred before hospitalisation are covered for a certain number of days|
|Post-hospitalization cover||Expenses incurred for recovery or post-operative care following treatment and discharge will be covered for a specific period.|
|Day-care cover||In medicine, the term “day-care” refers to a treatment that is not performed overnight, i.e. it does not require 24-hour hospitalisation. Treatments of this kind are covered by the plan.|
|Ambulance cover||This category includes the costs associated with transporting patients by ambulance to the hospital.|
|Organ donor cover||The cost of the donor’s hospitalization and subsequent surgery would also be covered by your insurance policy.|
|AYUSH cover||Ayurveda, Unani, Homeopathy, and Siddha are also included in Bajaj Allianz’s health insurance plans.|
|Domiciliary cover||Often, patients are hospitalized at home due to a lack of hospital beds or medical complications. Health plans from Bajaj Allianz cover these hospitalizations too.|
|Free health check-ups||As a Bajaj Allianz policyholder, you are also entitled to free health check-ups at regular intervals, so you can monitor and assess your health.|
|No claim bonus||If you don’t raise a claim in your Bajaj Allianz health insurance policy in a policy year, you earn a no claim bonus.|
Bajaj Allianz health insurance plans have certain exclusions wherein claims are not paid. The exact exclusion list can be found in the policy wordings. The following items, however, are typically excluded:
Bajaj Allianz offers different types of health insurance plans for different coverage needs. The most popular plan of the company that is offered by PayBima is Health Guard. Let’s have a look at the policy –
An all-around health insurance policy, Health Guard offers customisable coverage benefits so that you can design the plan of your choice. The highlights of the policy are as follows –
|Entry age||Adults – 18 years to 65 years
Dependent children – 90 days to 30 years
|Sum insured||Rs.1.5 lakhs to Rs.1 crore|
|Policy term||1 year, 2 years or 3 years|
|Pre-existing waiting period||36 months|
PayBima.com makes it easy for you to purchase health insurance policies of Bajaj Allianz by following these steps:
PayBima’s website makes it possible to purchase and renew health insurance policies. The coverage you currently have will continue as long as you renew your policy on time with Bajaj Allianz.
If you provide your policy number and other information, you can renew your health insurance policy online. During renewal, you can review your plan details and make any necessary changes. The premium amount might change if you make changes in the coverage. PayBima can be contacted via email at firstname.lastname@example.org or via telephone at 1800 267 67 67 for more information about renewing your Bajaj Allianz health insurance plan.
A claim for Bajaj Allianz health insurance can be made through PayBima in a very simple and easy manner. Following is a description of the process:
Customers of PayBima can benefit from quick and easy claim settlements. For help with your claim settlement, you can contact PayBima at 1800 267 67 67 or email at email@example.com.
|Health Insurers in India|
|Universal Sompo General Insurance Company Limited||Future Generali India Insurance Company Limited|
|Aditya Birla Health Insurance Company Limited||HDFC Ergo General Insurance Company Limited|
|Care Health Insurance Company Limited||ICICI Lombard General Insurance Company Limited|
|Chola MS General Insurance Company Limited||Manipal Cigna Health Insurance Company Limited|
|Niva Bupa Health Insurance Company Limited||Royal Sundaram General Insurance Company Limited|
|SBI General Insurance Company Limited||Tata AIG General Insurance Company Limited|
To locate the networked hospital, you can visit https://www.bajajallianz.com/branch-locator.html, select ‘Find a network hospital’, enter your PIN code or select your city and get the list of hospitals in your area.
There is a range of premium discounts available under Health Guard. These are as follows –
# Family discount – 10% if 2 members are covered on an individual basis. 15% if 3 or more members are covered on an individual basis
# Employee discount – 20% for the employees of the company
# Online discount – 5% for buying the policy directly from the company
# Co-pay discount – 10% or 20% if you choose voluntary co-payment
# Long-term discount – 4% for buying a 2-year policy and 8% for buying a 3-year policy
# Room rent capping – 10% or 5% if you opt for a room rent capping
# Wellness discount – 5% to 10% if you practice healthy living
# Zone discount – 20% for buying the policy in Zone B and 30% in Zone C
If you buy an individual policy, you can cover self, spouse, dependent children, parents, grandchildren, siblings, parents-in-law, uncles and aunts. On a floater basis, however, coverage is available for self, spouse and dependent children only.
Yes, there is a zonal co-payment if you pay premiums for a lower zone but avail of treatments in a higher zone. For example, there are three zones in India as per Bajaj Allianz’s pricing policy – Zone A, B and C. If you pay premiums for Zone B but avail of treatments in Zone A, a co-payment would be applicable. Similarly, if you pay a premium for Zone C and avail of treatments in Zones A or B, co-payment would apply. However, if you pay a premium for a higher zone but avail of treatments in a lower zone, no co-payment would apply. So, if you pay premiums for Zone A, you can avail of treatments in Zones A, B or C without co-payments.
If you are aged up to 45 years, no medical check-ups are needed to buy the policy irrespective of the sum insured that you choose. However, if your age is 45 years and above, you would have to undergo medical check-ups for buying the Health Guard plan.
PayBima is an Indian insurance aggregator on a mission to make insurance simple for people. PayBima is the Digital arm of the already established and trusted Mahindra Insurance Brokers Ltd., a reputed name in the insurance broking industry with 17 years of experience. PayBima promises you the easy-to-access online platform to buy insurance policies, and also extend their unrelented assistance with all your policy related queries and services.
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