Bajaj Allianz Silver 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 Silver Health Insurance
Bajaj Allianz Silver Health Policy is a special medical insurance policy dedicated to meet the health insurance coverage requirements of senior citizens. It offers you cashless benefits or reimbursement for hospitalisation expenses due to illness or an accident. Available with sum insured options of Rs. 50,000, Rs. 1 Lakh, Rs. 1.5 Lakh, Rs. 2 Lakh, Rs. 3 Lakh, Rs. 4 Lakh, and Rs. 5 Lakh, the policy covers you and your spouse for expensive medical treatments. It is an annual policy that needs to be renewed after that in order to continue availing of coverage benefits under it. You can avail of coverage benefits under this policy if you are aged between 46 years and 70 years. A thing to note is that this policy comes with a co-payment of 20% that is admissible to be paid in case the treatment is availed at a non-network hospital. However, you can purchase a waiver of co-payment by paying an additional premium at the time of policy purchase.
The policy covers you for several healthcare expenses such as in-patient hospitalisation expenses, pre-hospitalisation and post-hospitalisation expenses, road ambulance expenses, daycare procedures, pre-existing illnesses, etc. But to be covered under this policy avail coverage benefits, you must undergo a pre-medical test, which is mandatory for all the proposals. Apart from these coverage benefits, the policy offers you several other advantages as well. Some of these include 30 days grace period, free look period, tax benefits on the premium paid (under Section 80D of the Income Tax Act, 1961), cumulative bonus, family discount if two or more members are covered, option to increase the sum insured at the time of policy renewal, etc. All these factors make the policy a preferred choice for all senior citizens.
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Key Inclusions and Exclusions of the Plan
What's Included
- Expenses related to 130 daycare procedures
- Pre-hospitalisation and post-hospitalisation expenses for 3% of admissible hospitalisation expenses
- Ambulance expenses for up to Rs. 1,000 per claim
- Cover for pre-existing illnesses from the second year of the policy term
- Health check-up in designated centres
What's Not Included
- Claims arising during the initial 30 days waiting period
- Expenses incurred on the treatment required due to participation in adventure sports
- Expenses arising due to cosmetic or plastic surgery
- Expenses incurred due to the insured committing a breach of law with criminal intent
- Dental treatments including cosmetic surgery
5639 Bajaj Allianz Cashless Network Hospitals in India
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Bajaj Allianz Silver Health Expert Review
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Major Attractions
The Bajaj Allianz Silver Health Plan is comprised of several attractive benefits which anyone would be looking for in a perfect plan. The plan has so much to offer that empower senior citizens in their old age and make them live independently. The general features of the policy include coverage for pre and post-hospitalisation expenses, pre-existing disease coverage, in-patient hospitalisation treatment, and so on. Besides, the plan holds some significant components as well, which particularly attracts the customers. Some of them are:
- Coverage for 130 daycare procedures
- Availability of easy portability options
- Free look period of 15 days is available
- Expenses of ambulance up to Rs. 1000 per claim
- Free health check-ups are offered post 4 years of policy
- 100% of the standard medical tests charges could be reimbursed
- Enhancement of the sum insured is possible at the time of renewal
- Quick settlement of claims with the in-house claim settlement process
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What’s More?
Health coverage gives the value for money, but additional benefits offer bliss. The Silver Health Plan is equipped with some more beneficial offerings:
- The lifelong renewability option is available
- Tax benefits can be gained as per sec 80D of Income Tax Act
- 10% of the sum insured is offered as a cumulative bonus for every claim free year up to 50% of sum insured
- The benefit of 5% is given as family discount on the coverage of 2 or more individuals
- A waiver is given on the co-payment clause on the payment of 15% loading on premium
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Conclusion
These many features and benefits conclude that Bajaj Allianz Silver Health Plan is a perfect choice for senior citizens. The policy owns comprehensive coverage for older people. Get it for your parents today.
It is not feasible every time for senior citizens to buy policy offline as it involves too much paperwork, travel and time consumption. Therefore, it is advised to opt for the plan from a trusted insurance website i.e., insurancedekho.com. It helps them get all the information about the plan easily, help in claim settlement procedure and purchase process as well.
Claim Process at Bajaj Allianz Health Insurance
FAQs on Silver Health Health Insurance Plan
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What are the waiting periods under this policy?
Silver Health Policy comes with the following waiting periods:
- Waiting period for pre-existing diseases: 12 months
- Initial waiting period: 30 days
- Waiting period for specified diseases or procedures
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Who all can be covered under this policy?
The policy can be purchased on an individual sum insured basis where self and spouse can be covered.
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Can I purchase this policy online?
Yes. You can purchase this policy from the official website of Bajaj Allianz or from the health insurance broker InsuranceDekho by calling them on the toll-free number 1800 1205 698.
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What is the entry age under this policy?
The minimum and maximum entry age under this policy are 46 years and 70 years respectively.