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Bajaj Allianz Health Guard Family Floater Health Insurance

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Health Guard Family Floater
Claim Settlement Ratio92.24%
COVID-19 CoverYes
In-House Claim SettlementAvailable
Network Hospitals6,500+
Policies Sold5,31,046

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/PlanSilver Gold
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
Pre and Post Hospitalization
60 & 90 days
60 & 90 days
Day Care Procedure
Free Health Checkup
Available after block of 3 policy years, maximum of Rs. 2000 for each member
Available after block of 3 policy years, maximum of Rs. 5000 for each member
Organ Donor
Not available
Up to Rs. 20000 for in-patient treatment
Convalescence benefit
Rs. 5000 per policy year
Rs. 5000 per policy year
Ambulance Cover
Maximum of Rs. 20000
Maximum of Rs. 20000
Zone-wise capping of 20%
Zone-wise capping of 20%
Initial Waiting Period
30 days
30 days
Specific Illness Waiting Period
2 years
2 years
Waiting Period of PED
3 years
3 years
Maternity Cover
Rs. 3-7.5 lakh: Normal delivery Rs. 15000, Cesarean Rs. 25000; Rs. 10-50 lakh: Normal delivery Rs. 25000, Cesarean Rs. 35000, waiting period 72 months
Special Feature
Bariatric surgery is also covered
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Add-ons to Enhance Benefits

  • Waiver of Room Rent Capping

    You can buy this add-on by paying an additional premium at the time of policy purchase. The add-on waives off th eroom type restriction up to single private air conditioned room under two variants namely Gold and Platinum. You can buy this add-on with sum insured options of Rs. 5 Lakh and Rs. 7.5 Lakh. But note that you cannot buy this add-on in the mid-term. Also, once purchased, you will be required to continue it for all renewals thereon.

Bajaj Allianz Health Guard Family Floater Expert Review

  • Expert Review

    Being a nation of joint family culture and habits of saving money, family-oriented health insurance plans are high in demand in India. On this note, Bajaj Allianz has come up with a plan named as Health Guard Family Floater Policy. The plan offers a wide range of coverage to the entire family at competitive prices. Hence, if someone is looking for a family plan, the Health Guard Family Floater Policy can be a perfect choice as it brings comprehensive protection and handsome amount of saving.

    The plan is available on individual and family floater basis in two different variants. The policy can be purchased for 1, 2 and 3 years. It holds several attractive features for people who fall within the age group of 18 years to 65 years. The sum insured of the policy ranges from Rs. 1.5 Lakh up to Rs. 50 Lakh, which can comfortably cover an entire family comprising of spouse and kids. The parents and parents-in-laws can be covered in a separate plan, whereas, when bought on an individual basis many relations can be covered such as self, spouse, children, sister, brother, parents, parents-in-laws, grandchildren, aunt, and uncle.

  • 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 
  • 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​ 
  • 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 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. 

Bajaj Allianz Health Guard Family Floater Brochure

  • 590.00 KB
  • PDF Document
  • Apr 09, 2019

Claim Process at Bajaj Allianz Health Insurance

  • Network Hospital
  • Non-Network Hospital
  • 1

    Claim Assistance

    For any assistance or query, call InsuranceDekho at the toll-free number 755 1196 989.
  • 2

    Claim Intimation

    Emergency hospitalisation needs intimation as soon as it occurs and for planned hospitalisation intimate as soon as it occurs prior to admission.
  • 3

    Claim Processing

    Fill in the pre-authorisation form and hand it over to hospital's insurance/TPA desk to initiate claim request.
  • 4

    Claim Settlement

    Once your request is approved, claim is settled. If not approved, claim for reimbursement after discharge.
  • 1

    Claim Assistance

    For any assistance or query, call InsuranceDekho at the toll-free number 755 1196 989.
  • 2

    Claim Intimation

    Emergency hospitalisation needs intimation as soon as it occurs and for planned hospitalisation intimate as soon as it occurs prior to admission.
  • 3

    Claim Processing

    Submit claim form with original documents such as doctor’s reports, hospital bills, diagnostic tests, etc.
  • 4

    Claim Settlement

    Once your request for reimbursement of expenses is approved, the claim will be settled.

FAQs on Health Guard Family Floater Health Insurance Plan

  • What are the plans available under the Health Guard Policy?

    Two plans are available under Health Guard Policy, viz- A. Silver Plan B. Gold Plan

  • 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

  • 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.

  • 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.

  • What is the policy term under this plan?

    The policy can be purchased for 1, 2 or 3 years.

  • What is the term for paying the premium under this policy?

    Premium is paid annually for 1-year policy. For policies with longer term, a one-time premium has to be paid at the time of risk inception and for renewal at the end of policy term.

  • What are the waiting periods under this policy?

    Bajaj Allianz Health Guard Family Floater policy comes with the following waiting periods: 

    • Waiting period for expenses related to maternity and childbirth: 72 months
    • Initial waiting period: 30 days
    • Waiting period for pre-existing diseases: 36 months
    • Waiting period for specific illnesses: 24 months
  • What all does the Health Guard Gold Plan cover?

    Health Guard Gold Plan has the following coverage features- A. In-patient hospitalisation treatment B. Pre-hospitalisation C. Post-hospitalisation D. Road ambulance E. Day care procedures F. Organ donor expenses G. Convalescence benefit H. Daily cash benefit for accompanying an insured child I. Sum insured reinstatement benefit J. Preventive health check-up K. Ayurvedic/Homeopathic Hospitalisation Expenses L. Maternity Expenses M. New Born Baby Cover N. Bariatric Surgery Cover

  • Is pre-policy medical check-up required before purchasing this policy?

    Pre-policy check-up is applicable only for the new proposals. if there is no adverse impact on health, then tests are not required up to 45 years of age. These adverse conditions include-Diabetes, Hypertension, Lipid Disorders, a combination of any of the ones stated before, Obesity or Joint disorders. However, medical tests are necessary for members aged over 45 years. The pre-policy check-up is arranged at the empanelled diagnostic centers of the insurance company. The entire sum is refunded if the proposal is accepted and the policy is issued.

  • What are the sub-limits under Silver and Gold Plans of Health Guard policy?

    For Health Guard Silver Plan, there is a sub-limit on room rent restricted to max 1% per day of Sum Insured opted. Also, there is a Cataract limit per eye 20% of Sum Insured. For Health Guard Gold Plan, there are sub-limits on Cataract, Bariatric surgery and Maternity expenses, explained as follows. Cataract Limit per eye 20% of Sum Insured max up to Rs. 1 Lakh; Bariatric Surgery restricted to 50% of the Sum insured, subject to a maximum of Rs. 5 Lakh; and Maternity Expenses- From Sum Insured Rs. 3 Lakh to Rs. 7.5 Lakh is restricted to Rs. 15,000 for normal delivery and Rs. 25,000 for cesarean section and from Sum Insured Rs. 10 Lakh to Rs. 50 Lakh it is restricted to Rs. 25,000 for normal delivery and Rs. 35,000 for cesarean section.

  • Is there any limit to cover road ambulance expenses under this policy?

    Yes. The policy covers you for road ambulance expenses for up to Rs. 20,000 per policy year incurred by ambulance service provide to transfer the patient to the nearest hospital.  

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