Bajaj Allianz Health Guard Family Floater Health Insurance
Claim Settlement Ratio | 92.24% |
Network Hospitals | 7,000+ |
Pre-existing Disease Waiting Period | 2 years |
Starting Premium for Rs. 5 lakhs SI | Rs. 364/month |
About Bajaj Allianz Health Guard Family Floater Health Insurance
Health-Guard Family Floater Policy offered by Bajaj Allianz General Insurance is an indemnity-based medical insurance policy that offers comprehensive coverage for various health care expenses. Available for families, this policy is designed to take care of medical treatment expenses arising during hospitalisation due to serious illness or accident. It comes in three variants with a variety of sum insured options starting from as low as Rs. 1.5 Lakh going up to Rs. 1 Crore, which you can choose as per your requirements. The three variants are Silver, Gold, and Platinum, which differ from each other in terms of coverage benefits and sum insured options.
Under the policy, you can cover your legally wedded spouse, parents, sister, brother, parents-in-law, aunt, or uncle apart from self, if they are aged between 18 years and 65 years. You can buy this policy for 1 year, 2 years, or 3 years but it is recommended to buy it for the long term so that you do not have to renew it from time to time. Some coverage benefits that you can avail of under this policy include in-patient hospitalisation expenses, pre-hospitalisation and post-hospitalisation expenses, domiciliary hospitalisation expenses, road ambulance expenses, organ donor expenses, etc. In short, this policy reduces your stress of having enough money for treatment in case anything goes wrong.
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Key Inclusions and Exclusions of the Plan
What's Included
- In-patient hospitalisation expenses
- Road ambulance expenses
- Organ donor expenses
- Ayurvedic and homoeopathic expenses
- Preventive health check-up
What's Not Included
- Treatment taken for investigation purpose
- Rest cure, rehabilitation, and respite care
- Expenses arising due to weight loss treatment
- Change of gender treatments
- Cosmetic or plastic surgery
Health Guard Family Floater Plan Details
Features/Plan | Silver | Gold |
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Restoration Benefit | Up to 100% of SI | Up to 100% of SI |
No Claim Bonus | Up to 100% of SI | Up to 100% of SI |
Room Rent | 1% of SI | Single private AC Room |
5639 Bajaj Allianz Cashless Network Hospitals in India
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Bajaj Allianz Health Guard Family Floater Expert Review
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Major Attractions
The policy is equipped with enough attributes to easily seek the attention of proposers and deliver them everything they desire from a health insurance plan. The basic coverage provided under the plan which incorporates in-patient hospitalisation treatment, pre and post hospitalisation, cumulative bonus etc., are similar to other policies. But, here are some major attractions of the plan that catches the eyeballs:
- Organ Donor expenses are covered for harvesting the organ
- Reasonable expenses related to Bariatric Surgery are covered
- Road Ambulance coverage for up to Rs. 20000 per policy period
- Convalescence benefit is offered after 10 days of hospitalisation
- Ayush treatment expenses are covered for at least 24 hours of stay
- Daycare procedures or surgeries in hospital for the listed illnesses
- Preventive health check-up is offered for free at every 3 years of policy
- Daily cash of Rs.500 per day is provided for accompanying an insured child
- Sum insured reinstatement option is given, if the sum insured is exhausted
- Maternity and newborn baby cover are offered for a maximum of 2 deliveries
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What’s More?
The benefits of the plan don’t cease here and extend ahead to some more points. The additional benefits of the plan enhance the affordability of the plan by delivering some extra features to policyholders. Here are some of them:
- Lifelong renewability option is available under the plan
- A family discount of 10% is provided if 2 members of the family are insured under the single policy. While 15% is given, if more than 2 family members are covered
- 4 % discount is offered, if the policy is bought for 2 years, while 8 % is given for 3 years
- Tax benefits can be earned on the premium paid for the plan as per Section 80D of the IT Act
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Conclusion
Needless to say, with so many benefits, Bajaj Allianz Health Guard Family Floater is a great deal to go for.
However, besides analysing the plan benefits, deciding the right way of purchasing it is also crucial. It is suggested to buy the plan from InsuranceDekho.com. It is one of the most trusted sites related to health insurance. The website gifts the transparency about terms and conditions, brochures etc., of the policy and assists policyholders at the time of claim settlement as well.
Claim Process at Bajaj Allianz Health Insurance
FAQs on Health Guard Family Floater Health Insurance Plan
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What are the Sum Insured options available in Health Guard Family Floater Policy?
For Health Guard Silver Plan, Sum Insured options are available for Rs. 1.5 Lakh and Rs. 2 Lakh. Whereas, for Health Guard Gold Plan, Sum Insured options are available for Rs. 3 Lakh, Rs. 4 Lakh, Rs. 5 Lakh, Rs. 7.5 Lakh, Rs. 10 Lakh, Rs. 15 Lakh, Rs. 20 Lakh, Rs. 25 Lakh, Rs. 30 Lakh, Rs. 35 Lakh, Rs. 40 Lakh, Rs. 45 Lakh, and Rs. 50 Lakh
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What is the entry age for Health Guard Plan?
The entry age for Proposer, Spouse, Parents, Sister, Brother, Father-In-law, Mother-In-law, Aunt, or Uncle is 18 years to 65 years. For Dependent Children/Grand children, it is 3 months–30 years.
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What is the renewal age under this policy?
Health Guard Family Floater Plan is available for a lifetime. The children and grandchildren covered under the policy can renew it until 35 years of age. After completing the maximum age of renewal, the policy of dependent children will be renewed for a lifetime; only if a separate proposal form is submitted to the insurer at the time of renewal with the insured member as proposer. Also, if the policy is continued without a break, certain credits for waiting periods of all the previous years will be added in the new policy.
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What is the policy term under this plan?
The policy can be purchased for 1, 2 or 3 years.