Bajaj Allianz General Insurance

Bajaj Allianz General Insurance Policy
Bajaj Allianz General Insurance Policy

Bajaj Allianz General Insurance Company is a partnership formed by Bajaj Finserv Limited and Allianz SE. The firm provides a wide range of insurance products to its consumers and is a strong competitor. It was the first insurer to implement a cashless claim settlement policy and an in-house health management system. Bajaj Allianz protects you and your family from financial stress caused by medical/health concerns.

Bajaj Allianz General Insurance Policy

Individual health insurance, family health insurance, critical illness health insurance, senior citizen health insurance, critical illness health insurance exclusively for women, and many other products are available from Bajaj Allianz Health Insurance. All of these health insurance solutions are specially tailored to satisfy an individual’s whole healthcare demands.

Why Purchase Bajaj Allianz Health Insurance?

There are several health insurance plans available on the market, but one of the most common questions is which plan to select. The plan you choose is totally determined by your needs. Individuals, families, and older individuals are all covered under the policies.

  • No-Cash Treatment

Cashless Treatments require the policyholder to spend no money throughout the important period of hospitalization, providing financial assistance. Bajaj Allianz has agreements with over 6500 network hospitals to provide cashless mediclaim plans to customers. The insurance company will pay straight to the hospital for the treatment expenditures. It processes cashless claims in one hour.

  • 24 Hour Customer Service

Bajaj Allianz has a toll-free helpline where clients may get help 24 hours a day, seven days a week. As a result, you may get answers to your insurance questions by dialing the Bajaj Allianz health insurance customer service number.

  • Rapid Claim Processing

Bajaj Allianz provides a hassle-free claim payment of up to INR 20,000 in one hour of cashless claims using the insurer’s app, Health CDC (Claim by Direct Click).

  • Expenses incurred before too and the following hospitalization

This insurance provider covers medical expenditures incurred during pre-and post-hospitalization for 30 and 60 days, respectively.

  • Tax Advantages

Section 80D of the Income Tax Act of 1961 allows you to claim tax breaks.

  • Pre-Existing Conditions

Bajaj Allianz provides coverage for pre-existing conditions following a four-year waiting period.

  • Services with Added Value

Bajaj Allianz offers Value Added Services that can save you up to 30% on drugs, OPD treatments, pharmacy, health, and wellness testing.

  • Examine Your Health

After four claim-free years, you may only get health checks at network hospitals’ diagnostic centers.

Bajaj Allianz Health Insurance offers a variety of options

Bajaj Allianz Health Insurance provides a variety of health plans to meet all of your medical needs while also assisting you in living a financially happy and secure life. But what is the best strategy for you and your family? A good strategy is one that satisfies your demands and expectations.

Bajaj Allianz PlansPlan Type
Bajaj Allianz Corona Kavach PolicyCOVID-19
Bajaj Allianz Health GuardFamily Health Insurance
Bajaj Allianz Health Infinity PlanFamily Health Insurance
Bajaj Allianz Aarogya Sanjeevani PolicyComprehensive Individual Health Insurance
Bajaj Allianz Extra Care PlanTop-up Health Insurance
Bajaj Allianz Critical Illness PlanCritical Illness Insurance Plans
Bajaj Allianz Global Personal Guard Insurance PolicyPersonal Accident Insurance Plan
Bajaj Allianz M-Care PlanFamily Floater Plan
Bajaj Allianz Premium Personal Guard PlanPersonal Accident Insurance Plan
Bajaj Allianz Health Care Supreme PlanComprehensive Health Insurance
Bajaj Allianz Extra Care Plus PlanTop-up Health Insurance
Bajaj Allianz Silver Health Senior Citizen PlanSenior Citizen Insurance Plan
Bajaj Allianz Health Ensure PlanFamily Health Insurance
Bajaj Allianz Tax Gain PlanIndividual and Family Health Insurance Family
Bajaj Allianz Health Care Supreme PlanComprehensive Health Insurance

Features of Bajaj Allianz General Insurance

When healthcare expenses are skyrocketing, having health insurance that meets your healthcare requirements without breaking the bank has become a need. However, with so many alternatives available in the insurance industry, customers are frequently confused and end up purchasing the incorrect one.

Hospitals in the Network6500+
Pre-existing Disease Waiting PeriodAccording to the policy papers
Claims Incurred Ratio7.761 percent
Annual Premium (2019-20)2138.53 crores

How to buy a Bajaj Allianz Health Insurance Policy?

On Website of Bajaj Allianz:

  1. Go to the company’s website and click on the ‘Health’ icon.
  2. Click on the ‘I wish to Buy’ button in the upper-right corner and choose the plan you want.
  3. Enter all of the necessary information, and your health insurance premium amount will be presented on the screen, where you may choose the plan at your leisure.
  4. To purchase health insurance coverage online, click the ‘Confirm Plan’ option.
  5. After you pay your premium, you will receive your health insurance policy at your registered email address.

How might health insurance help you save money on taxes?

Section 80D of the Income Tax Act of 1961 allows an assessee to deduct tax on premiums paid for a health insurance coverage. Assessees can claim a tax credit for health insurance premiums paid for themselves, their spouses, children, and dependent parents. Premiums paid for all forms of health insurance policies are tax-deductible. Premiums paid in cash are not tax-deductible. Premiums paid for critical illness riders are also tax-deductible.

  • Individuals under the age of 60 can claim a tax deduction on premiums paid for themselves, their spouses, children, and parents up to Rs.25,000 per year.

How to Claim with Bajaj Allianz?

Claim without cash:

  • To receive cashless treatment, go to a hospital in the insurer’s network. In the case of emergency hospitalization, notify the insurance within 24 hours, and 48 hours before your scheduled hospitalization.
  • At the network hospital assistance desk, show your health card. The hospital will verify your information and fax a completed and signed pre-authorization request form to your insurance carrier or its Third-Party Administrator (TPA).
  • Bajaj Allianz will validate the pre-authorization request and issue the hospital a permission letter.
  • The hospital will provide cashless care to the covered member without requiring a payment till discharge.
  • If the cashless claim is refused, the covered member might be treated and then make a reimbursement claim.

Claim for Reimbursement:

  • After being discharged from the hospital, obtain the hospital bills, discharge summary, and other medical records.
  • Submit the reimbursement claim form along with the original medical papers, such as the discharge summary, medical reports, hospital bills, pharmacy bills, prescriptions, and so on, to the insurance.
  • After comprehensive verification of the supplied papers, an acceptance letter will be given to the insured.
  • If further papers are needed, the insurance company will request them. The claim will be terminated without payment after 45 days for failure to provide required documentation, and notification of claim closure will be issued to the insured.

After approval, the claim amount will be transferred to the covered member through check or ECS.

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