6 min read
Updated on Jul 13, 2022
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;
With its headquarters in Pune, Bajaj Allianz empower millions by offering them customized health insurance plans in various sectors of insurance including;
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.
|Network Hospitals Available||6500+|
|Waiting Period (Pre-existing Ailments)||4 years|
|Claims Settlement Ratio||92.24%|
* Year Data2019-20
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:
Here are some of the top Bajaj Allianz Health Insurance Plans:
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.
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.
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.
You can follow the steps below to buy a Bajaj Allianz health insurance policy online:
Below are the steps to be followed for Bajaj Allianz Health Insurance renewal:
There are 2 ways to make a claim for Bajaj Allianz Health insurance. They are:
1. Cashless Claims and Reimbursement Claims
2. Cashless Claims
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|
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.
# 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.
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.
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.
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
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.
Policyholders of Bajaj Allianz can claim for health insurance via cashless treatment claim or via reimbursement claim option.
# 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)
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