Bajaj Allianz Health Insurance

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Overview of Bajaj Allianz Health Insurance

Bajaj Allianz Health Insurance company is a part of the huge insurance conglomerate of the country, Bajaj Allianz General Insurance Company Limited. This corporation was started by two business giants namely, Allianz SE and Bajaj Finserv Limited. Here, 74% of the company’s share is with Bajaj Finserv Limited, whereas the remaining 26% stays with Allianz SE.

Bajaj Allianz General Insurance Company has been a leading provider of insurance in the Indian insurance sector offering top-notch products, after sales support and professional services. The insurance company caters to an extensive range of products including;

  • Life Insurance products
  • General Insurance products

With its headquarters in Pune, Bajaj Allianz empower millions by offering them customized health insurance plans in various sectors of insurance including;

  • health insurance
  • cyber safe insurance
  • home insurance
  • travel insurance, and
  • motor insurance

As far as Bajaj Allianz Health Insurance is concerned, the company offers several Health Insurance products both online and offline which are designed in a way to meet the requirements of customers. With its comprehensive health plans, it is easy to secure not only your health but your savings too that you might have to waste on your medical bills. The health plans offered by Bajaj Allianz Health Insurance are affordable and  are available for individual as well as families/groups.

Key Highlights of Bajaj Allianz Health Insurance Company

Key Features Specifications
Network Hospitals Available 6500+
Waiting Period (Pre-existing Ailments) 4 years
Claims Settlement Ratio 92.24%
Policies Issued 5,31,046
Covid-19 cover Yes
Renewability Lifelong

* Year Data2019-20

Awards and Achievements of Bajaj Allianz Health Insurance Company

  • Bajaj Allianz General Insurance Company is the winner of the 50 Most Trusted BFSI Brands in India.
  • The company won ‘Excellence in Operations Automation’ Award!
  • They also won four prestigious awards at Quantic’s BFSI Excellence Awards, 2021.
  • The company has been awarded Merit Certificate at the 33rd CFBP – Jamnalal Bajaj Awards For Fair Business Practices – 2020-21.
  • Bajaj Allianz General Insurance Company is also the winner of the Best in Future of Work Award.
  • The insurance giant is also the winner of the Gold Award in the Non-Life Insurance Provider of the Year category at the 20th edition of the Outlook Money Awards 2020.
  • Winner of the notable awards at The Digital Technology Senate 2021.
  • Bajaj Allianz General Insurance also bagged the Best Innovation in Customer Experience – General Insurance-2021 Award at India’s most prestigious BFSI Tech Innovation Web Conference & Awards.

Benefits of Availing Bajaj Allianz Health Insurance Plans

Bajaj Health Insurance is regarded as the leader in the health insurance sector in India. The company is known for its best health plans, extra benefits and much more.

Given below are some of the benefits offered by Bajaj Allianz mediclaim plans:

  • Prompt approval – The cashless claims made to the insurer gets approved promptly within an 1 hour or so of receiving the claim form.
  • Network Hospitals – The Bajaj medical Insurance company has collaborations with 6500+ hospitals and more than 1200 diagnostic centers in India.
  • Customer support – The company has 24*7 customer care assistance for settling claims.
  • Value added services – The company presents their customers with Value Added Services to enable them savings on medicines, OPD etc. for up to 30%.
  • Sum Insured restoration –  The facility of reinstating the sum insured amount is available with Bajaj health plans. So, if it gets exhausted because of making of claims you can get 100% of sum reinstated.
  • Fast claim settlement via App – The company offers an app called ‘Health Claim by Direct Click’ to allow customers to start the claim process and track it. The app can be used to register a claim, fill the claim forms, as well as to gather and submit papers from across the country. All you need is to download the Bajaj Allianz Insurance Wallet application.
  • Wide Choice of health plans – With Bajaj Allianz health insurance plans, you can have extensive coverage on individual plans, family floater plans, senior citizens health plans, as well as critical diseases health plans etc. at affordable premiums.
  • Lifetime Renewability option – Most of the Bajaj health insurance plans offer lifetime renewability option except some that levy restrictions of maximum age to enter the plan.

Health Insurance Plans Offered by Bajaj Allianz Health Insurance Company

Here are some of the top Bajaj Allianz Health Insurance Plans:

1. Bajaj Allianz Health Guard Policy

This is one of the best health plans designed to suit all the healthcare needs of an insured. This plan is available on individual and family floater basis covering you and your entire family members. This policy is available for a term of 1, 2 or 3 years. The sum insured varies between 1.5 lakh and 50 lakh rupees as per the plan.

Features

  • Plan Type – Individual and floater
  • Sum Insured – 1.5 lakh to 50 lakh rupees (varies as per Silver and Gold plans).
  • Renewability – Lifelong
  • Entry Age – Between 3 months to 65 years

Benefits

  • Cover for daycare procedures
  • Organ donor expenses
  • Road ambulance expenses
  • Convalescence benefit
  • In-patient hospitalization expenses
  • Pre and post hospitalization (60 days before hospital admission and 90 days after discharge)

 

2. Bajaj Allianz Total Health Secure Goal Policy

This is a comprehensive policy that offer hospitalization benefit and life cover. It takes care of costs of hospitalization due to diseases or emergency/accident. The plan covers people between the age of 3 months to 65 years. It allows lifetime renewability of policy and is offered for 1, 2, or 3 years.

Features:

  • Plan Type – Comprehensive health plan
  • Sum Insured – 1.5 lakh to 50 lakh rupees (Silver Plan and Gold Plans)
  • Renewability – Lifelong
  • Entry Age – Between 3 months to 65 years

 

3. Bajaj Allianz Critical Illness Plan

The Critical Illness Plan by Bajaj Allianz are available for 6 to 65 year olds. This  plan cover the insured against critical diseases such as heart surgery, limbs paralysis, etc. This annual policy comes with sum insured options of 1 lakh to 50 lakh rupees. So, when you are diagnosed with a critical illness, you receive lump sum money within 30 days of diagnosis, which can be used for treatment, lifestyle changes, and so on.

Features:

  • Plan Type – Critical illness plan
  • Sum Insured – 1 lakh to 50 lakh rupees (Silver Plan and Gold Plans)
  • Renewability – Lifelong
  • Entry Age – Between 6 years to 65 years

 

How to buy Bajaj Allianz Health Insurance Policy

You can follow the steps below to buy a Bajaj Allianz health insurance policy online:

  • Visit the portal of the insurer.
  • Click on the ‘health’ tab.
  • Select ‘Gender’
  • Submit personal details (Name, Mobile Number) after selecting Gender.
  • You will receive an OPT on your mobile.
  • Enter OTP received on your phone.
  • ‘View Quotes’ by clicking on the appropriate button.
  • Select number of family members to be added to the plan.
  • Select each member’s age.
  • Enter email ID and location.
  • Now click the button of ‘Submit and View Quotes’
  • You can find many health insurance quotes in front of you on the screen.
  • Shortlist the most appropriate one.
  • Now choose the policy duration of the plan.
  • Submit the required details.
  • Pay the premium online.

The process to Renew Bajaj Allianz Health Insurance Plans

Below are the steps to be followed for Bajaj Allianz Health Insurance renewal:

  • Go to the website of Bajaj Allianz Insurance.
  • Click on ‘Renew’ on the home page.
  • Submit policy details. Now, click on the tab ‘Renew’.
  • Choose the quote that suits you aptly.
  • Make the payment online.
  • Your policy is renewed.

How to File a Bajaj Allianz Health Insurance Claim?

There are 2 ways to make a claim for Bajaj Allianz Health insurance. They are:

1. Cashless Claims and Reimbursement Claims

2. Cashless Claims

    • Get admitted at a network hospital.
    • Show Health Card of Bajaj Allianz and photo ID at the helpdesk of the hospital.
    • Fill the pre-authorization form and submit to the insurer.
    • The insurer will verify documents.
    • Once verified, the insurer will process the claim settlement.

Reimbursement Claim:

  • For reimbursement claims, the insured gets hospitalized and get the treatment done.
  • He/she pays the hospital bills on his/her own.
  • On getting discharged from the hospital, the insured submits a properly filled reimbursement form to claim the payment.
  • Also, submit original documents received from the hospital to the insurance provider.
  • The documents gets verified in the next step.
  •  Once verified, the claim gets approved by the insurer and the pay the money within 7 week days.

Claim Settlement Ratio of Bajaj Allianz health insurance

The ratio of claims that are settled by an insurer during a policy year as against the complete claims that the insurer receives during the year is called Claim Settlement Ratio.

The claim settlement ratio of Bajaj Allianz health insurance for the financial year 2018-19 was 93.68%, while it was 92.24% for the financial year 2019-20.

Financial Year Claim Settlement Ratio
2018-2019 93.68%
2019-2020 92.24%

 

FAQs on Bajaj Allianz health insurance

Why Bajaj Allianz Health Insurance?

Bajaj Allianz Health Insurance company is a part of the huge insurance conglomerate of the country, Bajaj Allianz General Insurance Company Limited. The company offers several Health Insurance products both online and offline which are designed in a way to meet the requirements of customers. With its comprehensive health plans, it is easy to secure not only your health but your savings too that you might have to waste on your medical bills. The health plans offered by Bajaj Allianz Health Insurance are affordable and are available for individual as well as family/groups.

What are the benefits of buying Bajaj Allianz health insurance plans?

# The cashless claims made to the insurer gets approved promptly within an 1 hour or so of receiving the claim form.
# The Bajaj Allianz Health Insurance company has collaborations with 6500+ hospitals and more than 1200 diagnostic centers in India.
# The company has 24*7 customer care assistance for settling claims.
# The facility of reinstating the sum insured amount is available with Bajaj health plans. So, if it gets exhausted because of making of claims you can get 100% of sum reinstated.
# Fast claim settlement via App is possible.
# With Bajaj Allianz health plans it is possible to get extensive coverage on individual plans, family floater plans, senior citizens health plans, as well as critical diseases health plans etc. at affordable premiums.
# Lifetime Renewability option is there.

Can I port out my current plan to any of the Bajaj Allianz health insurance plans?

Yes, most Bajaj Allianz health plans allow portability features within the company from one plan to another as well as from one insurer to another. You need to approach the company to avail this feature.

What is the process to make a claim through the Bajaj Allianz Insurance Company?

For Cashless Claims

# Get admitted at a network hospital.
# Show Health Card of Bajaj Allianz and photo ID at the helpdesk of the hospital.
# Fill the pre-authorization form and submit to the insurer.
# The insurer will verify documents.
# Once verified, the insurer will process the claim settlement.

What kind of insurance policies are offered by the Bajaj Allianz Insurance Company?

Bajaj Allianz offers customized health insurance plans in various sectors of insurance including;

1. health insurance
2. cyber safe insurance
3. home insurance
4. travel insurance, and
5. motor insurance

How to make the Bajaj Allianz Insurance online payment to renew the policy?

Below are the steps to be followed for Bajaj Allianz Health Insurance policy renewal:

> Go to the website of Bajaj Allianz Insurance.
> Click on ‘Renew’ on the home page.
> Submit policy details. Now, click on the tab ‘Renew’.
> Choose the quote that suits you aptly.
> Make the payment online.
> Your policy is renewed.

What are the health insurance claim settlement options offered by Bajaj Allianz?

Policyholders of Bajaj Allianz can claim for health insurance via cashless treatment claim or via reimbursement claim option.

What are the documents required for the claim settlement process at Bajaj Allianz?

# The original copy of duly filled and signed claim form.
# Valid photo ID proof.
# Referral letter from doctor regarding hospitalization of insured.
# Details of tests, medications and consultations (if any)
# Original bills, discharge summery etc.
# Original receipts from pharmacies
# Original test reports with payment receipts
# FIR and Final Police Report (if applicable)
# Original post mortem report, (if applicable)

Mar 28, 2022
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PayBima Team
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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