Bajaj Allianz General Insurance has announced the launch of a unique Health insurance plan – Bajaj Allianz Extra Care - that takes care of high expenses due to illness or accident. This policy can be taken as an additional cover to any existing hospitalization/
Mr. Tapan Singhel, Chief Marketing Office, Bajaj Allianz General Insurance, “It has been observed that people who have health insurance cover from their employer are suddenly without adequate or no health cover when they resign or move from the current to a new employer or is terminated. In such a scenario, Extra Care is ideal for such people to have a basic or adequate health cover to fund their expenditure in case of illness or hospitalization. Extra Care works as a top-up cover and can complement your existing group mediclaim or individual health policy, giving you the required financial security.
Mr. C R Mohan, Regional Manager-Hyderabad, Bajaj Allianz General Insurance said Considering the rate at which healthcare costs are increasing, Extra Care is quite an economical product. For a cover of Rs. 10 lakhs, you need to pay a premium of just Rs. 2500, which is amongst the lowest in the industry.” The feature of being able to include up to 4 family members (in addition to the primary policyholder)
The unique benefits offered by Extra Care are:
Floater Policy which can cover self, spouse and three children under single policy
3 options of sum assured offered – Rs. 10 lakhs, Rs. 12 lakhs and Rs. 15 lakhs
Competitive premium rates
*No Medical tests up to 55 years subject to clean proposal form.
Continuity for waiting periods would be given for any indemnity cover irrespective of Sum Insured in the earlier policy.
Extra Care covers the medical expenses in excess of specified deductible amount. Thus, it is suitable for people already covered under a medical policy, whether it is a group medical policy through their jobs, or an individual health policy from any other insurer.
With healthcare costs increasing exponentially every year, the need for health insurance cannot be understated. Moreover even people who have some health insurance cover may find it inadequate as they move into their life-stages and for some their family is not covered. For such people, Extra Care is an ideal health insurance plan, which is also easy to administer.
Other features:
With Extra Care, the member has access to cashless facility in more than 2400 empanelled hospitals across the country, subject to terms and exclusions.
In case the member opts for hospitals other than the empanelled ones the expenses incurred would be reimbursed within 14 days from the date of submission of all documents.
50% medical test charges would be reimbursed, for all cases where medical tests have been conducted in Bajaj Allianz empanelled diagnostic centre and the proposal has been accepted/premium received
The policy covers ambulance charges in case of emergency subject to a maximum of Rs. 3000.
Seamless and fast claim settlement through Bajaj Allianz Health Administration Team (HAT), first-ever in-house health insurance team for an insurer.
Income Tax Benefit under Sec 80 D of the IT Act on the premiums paid for this policy.
Sum Insured (Rs.) Deductible per hospitalization (Rs.)
10,00,000
12,00,000
15,00,000
