Common Exclusions Under Bajaj Allianz Health Insurance Plans

Health insurance plans are of immense importance these days due to the growing concerns regarding the coronavirus pandemic. Over the past few years, a lot of people have lost their loved ones due to the lack of quality treatment or due to increase in the cost of treatments. The rapid rise in inflation in the health sector can exhaust a person's financial savings. After the spread of the global pandemic, the sale of health insurance plans has boosted dramatically. There are several types of health insurance plans in the insurance market that are provided by the health insurance providers at an affordable price for the customers.

Bajaj Allianz Health Insurance is a tie up between Bajaj Finserv Limited and Allianz SE, and it provides carefully curated health insurance products for the policyholders. It compensates for the medical expenses of its customers in case of an emergency. Apart from the hospitalization expenses, it also provides financial aid for ambulance charges, room rents, healthcare checkups, tax benefits, no claim bonuses, etc. This health insurance provider also offers other covers like maternity benefit plans, personal accident covers, etc. for its policyholders.

About Bajaj Allianz Health Insurance

Bajaj Allianz Health insurance firm is one of the very well-known firms in the country and has a trusted base of customers. It provides customized and extensive health insurance plans for groups, individuals, families, and much more. It has a network of around 6,500+ linked hospitals that provide cashless claim benefits to the customers of this firm. Let us look at some of the common key features of Bajaj Allianz Health Insurance:

Must Read: Dental Insurance: Coverage, Claims and Exclusions

• This company had a claim settlement ratio of around 92.24% in the FY 2019-20, which signifies that the company has a good track record of settling claims of their policyholders.
• It has a wide network of hospitals linked to the company, where the customers can avail cashless claim benefits without paying a penny from their pocket.
• You can avail quick claim settlements within a few hours, as Bajaj Allianz has a supportive team to help the customers 24X7 without any hassles.
• Bajaj Allianz allows you to track your claim request using their app which makes the whole process of claim settlement smooth, transparent, and quick.
• It offers a wide range of options to its customers and provides additional covers, top-up plans, super top-up plans, etc. at an affordable price, to enhance the quality of the existing health insurance plan.

Common Exclusions Under Bajaj Allianz Health Insurance Plans

The health insurance providers offer 15 days of free-look period to their customers to thoroughly go through the policy terms and conditions. One must carefully read the inclusions and exclusions of their health insurance cover to make sure that their demands have been met. Following is the list of certain exclusions that are usually not included in the health insurance covers offered by Bajaj Allianz Health Insurance:

• Hospitalisation or medical expenses of a treatment for a disease caused due to the intake of a harmful or addictive substance is not provided. Any medical bills due to the intake of alcohol, drug, or addiction treatment are not compensated by the insurer.
• Any treatment that is considered as unproven or non-standard in nature in the policy terms, is not compensated for by the insurer.
• Bajaj Allianz health insurance plans do not provide financial aid against the expenses of tonics, vitamins, or any other nutritional supplements, unless these are a part of an injury or treatment during hospitalization.
• Injuries caused by self harm are not looked after by the health insurance plans of Bajaj Allianz health insurance.
• These plans do not cover the expenses of the treatment received outside the frontier of the Indian Subcontinent.

Conclusion

Apart from the above mentioned common exclusions, there could be other terms too that are included in your purchased policy. To know more about them, you must carefully read the policy related documents and its fine print.

Also Read: Exclusions and Waiting Period: Know Them Before Choosing a Health Policy

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.