Bajaj Allianz Silver Health Plan - The Best Health Cover for Seniors
Updated On Dec 04, 2020
Has your online search for health insurance for senior citizens been of no use until now?
Do you want to invest in the best senior citizen health insurance as soon as possible?
Place your trust in Bajaj Allianz General Insurance Company Limited without giving it a second thought!
BAJAJ ALLIANZ GENERAL INSURANCE - About the Company
A celebrated private general insurance company in India, Bajaj Allianz General Insurance Company Limited is a joint venture between Bajaj Finserv Limited, owned by the Bajaj Group of India and Allianz SE, a popular German financial services company. Headquartered in Pune, India, Bajaj Allianz General Insurance has been catering to the diverse insurance needs of hundreds and thousands of Indians since 2001. A dependable name for the past 18 years, Bajaj Allianz believes in “Relationship Beyond Insurance”, which is one of the major reasons people rely on the company for their varied insurance requirements.
If looking for senior citizen health insurance for a very long time, you too can have confidence in Bajaj Allianz General Insurance Company Limited.
Needless to say, health care gets expensive with advancing age. However, with the right health insurance policy by your side, you can avoid a lot of stress and confusion at the time of a medical emergency.
That said, take a quick look at why you should be investing in Bajaj Allianz Silver Health Insurance rather than wasting time in finding other plans.
Bajaj Allianz Silver Health Plan: The One to Choose
Health care costs may increase with the passage of time, but with With Bajaj Allianz Silver Health Plan by your side, you won’t have to worry about bearing the financial burden. What’s best is that you won’t be spending your savings to meet medical expenses, when the emergency occurs. Specifically designed to protect senior citizens when they need expensive medical care, Bajaj Allianz Silver Health Plan offers myriad benefits including:
- Cashless facility through network hospitals of Bajaj Allianz.
- Cashless claim settlement at 6000+ network hospitals.
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Entry age |
From 46 years to 70 years. |
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Age of Renewal |
Lifetime renewal benefit is available under the policy under normal circumstances, except on the basis of moral hazard, fraud, or misrepresentation. |
Sum Insured Options
- Rs. 50000
- Rs. 100000
- Rs. 150000
- Rs. 200000
- Rs. 300000
- Rs. 400000
- Rs. 500000
Coverage
In the first place, register that Bajaj Allianz Silver Health Plan is an annual policy offered on an individual sum insured basis. Moreover, it covers self and spouse.
On opting Bajaj Allianz Silver Health Plan, you get covered for:
- Hospitalization charges.
- Pre and post hospitalization expenses of an amount equivalent to 3% of admissible hospitalization expenses.
- Pre-existing illnesses (From the second year of the policy). Note that the liability of the company, in case of any pre-existing illness from the second year of the policy would be restricted to 50% of the sum insured in a policy year.
- Ambulance charges in an emergency, subject to a limit of Rs. 1000 per claim.
- 130 daycare procedures (Subject to terms & conditions).
Exclusions?
- All pre-existing diseases covered after 1 year.
- Diseases that are contracted within the first 30 days of commencement of the policy.
- Non-allopathic medicines.
- Diseases such as benign prostatic hypertrophy, cataract, hernia, piles, hysterectomy covered after a waiting period of 1 year.
- All expenses related to AIDS and related disorders.
- Cosmetic and aesthetic related expenses.
- Intoxicating drug expenses.
- Treatment of any mental illness or psychiatric illness.
- Joint replacement therapy (other than due to accidents) has a waiting period of four years.
- Ambulance charges over Rs.1000.
- Massages.
Benefits?
Bajaj Allianz Silver Health Plan is worthwhile health insurance for senior citizens.
The benefits that it offers include:
- ‘Free Health Checkup’ at designated Bajaj Allianz diagnostic centers after continuous four no-claim years. List of tests given for reference includes physician consultation, serum cholesterol, laboratory tests for fasting blood glucose and complete blood count, chest X-ray, urine routine, and ECG.
- A cumulative bonus of 10% of the sum insured amount for every claim-free year up to a maximum of 50% of the sum insured.
- Income tax benefit on the premium amount paid towards this plan as per Section 80D of the Income Tax Act, 1961.
Loading & Discounts
Loading for waiver of co-payment in a non-network hospital
- 20% co-payment is applicable if the individual is hospitalized in a hospital other than a network hospital.
- Waiver of co-payment clause available on payment of 15% loading on premium.
Family discount
- In case, two or more members are covered, a benefit of 5% is offered.
- The family discount is offered not only for new policies but renewal policies as well.
The requirement of a Medical Checkup?
Pre-medical tests are a must for every proposal. The pre-policy checkups are arranged at the company’s network diagnostic centers. Note that 100% of the standard medical test charges are reimbursed, subject to acceptance of the proposal and policy issuance. As far as the validity of the test reports is concerned, it lasts 30 days from the date of medical examination.
Talking about the list of the test to be conducted, it comprises:
- Full Medical report
- ECG
- Complete Blood Count
- Fasting Blood Sugar
- Lipid Profile
- HbA1c
- Serum Creatinine
- SGOT
- SGPT
- GGTP
- Urine Routine
Claiming Process
The claiming process under Bajaj Allianz Silver Health Plan is categorized based on the type of hospital the insured individual chooses to visit.
In case of :
- Empanelled Hospital -: The insured should make use of their card. Moreover, register claim with Bajaj Allianz 24-hour helpline.
- Non-empanelled Hospital -: Direct payment should be made by the insured individual. The claim form, along with bills, complete hospitalization documents should be sent to Bajaj Allianz for reimbursement purpose.
The list of claim documents required to claim under hospitalization section comprises:
- First consultation letter from the doctor.
- Duly completed claim form and NEFT form, signed by the Claimant.
- Original hospital discharge card.
- Original hospital bill showcasing detailed break up of all expense heads mentioned. Register that clear break ups need to be mentioned for OT charges, OT consumables, room rent, doctor’s consultation & visit charges, transfusions, and others.
- Original Money Receipt, duly signed with the revenue stamp.
- All original laboratory and diagnostic test reports such as X-Ray, USG, MRI Scan, E.C.G, Haemogram, and others.
- Enclosed IOL Sticker, in case of a cataract operation.
- Aadhaar card & PAN card copies (Not mandatory if the same is linked with the policy while issuance or in previous claim).
Now that you have been introduced to Bajaj Allianz Silver Health Insurance, don’t you think Bajaj Allianz Silver Health Plan is worthy of investing in?
If interested in making a valuable addition to your health, buy Bajaj Allianz Silver Health Insurance so that you can protect yourself as well as your better half from expensive medical care.
Also Read
Bajaj Allianz - An Affordable Health Insurance Choice
Bajaj Allianz Introduces Critical Illness Cover in the Health Insurance Segment
