Bajaj Allianz Hospital Cash Daily Allowance Health Insurance Wordings

This health insurance policy offers coverage to people from the age of 18 years to 65 years. Whereas, the children can get coverage from the age of 91 days to the age of 21 years.

This policy allows the coverage of relations such as spouse and children, apart from the proposer. 

Yes, Bajaj Allianz may cancel this insurance by giving you at least 15 days written notice. If no claim has been made, then you will get a refund of pro-rata premium for the unexpired policy period. Under normal circumstances, the policy will not be cancelled, except for reasons of non-disclosure while proposing for insurance and lodging any fraudulent claim. Whereas, policyholders can also cancel this insurance by giving a written notice of at least 15 days to the insurance company. If no claim has been made, then they are eligible to get a premium refund for the unexpired policy period as per the specified rates. 

Yes, under normal circumstances, lifetime renewal benefit is available under the policy, except on the grounds of fraud, misrepresentation or moral hazard.

Yes, a 5% family discount is applicable, if 2 or more family members are covered under the same policy. This family discount will be offered for both new policies as well as for renewal policies.

Under this plan, the sum insured enhancement can be done at renewals. For enhancement of the sum insured, fresh proposal form along with the renewal notice should be submitted.

There are basically three key elements under this plan that comprise of:

• The benefits payable are for each day of hospitalisation
• The sum insured amount is offered for up to Rs. 2,500 per day
• The benefit is doubled in case of ICU admission for a maximum of 7 days

The photocopy of discharge card, along with copies of reports, bills and prescriptions corresponding required for claims processing.

Yes, the tax benefit can be gained under this plan on the premium paid as per section 80D of the Income Tax Act 1961.