Health Insurance 1744 views September 8, 2020

Bajaj Allianz Arogya Sanjeevani Policy

Most of the individuals want to take a health plan but due to a lot of confusion among different plans, they fail to buy one. So, IRDA has introduced a common plan that is sold by many insurance companies. On the other hand, the features of this insurance plan are common no matter which company sells the plan. So, you can find this plan as Bajaj Allianz Arogya Sanjeevani Policy if you are buying this plan from Bajaj. You are free to choose the Sum Assured of a maximum up to Rs.5 lacs. This plan allows you to cover your family members under one policy. Let’s explore the features of this plan and other benefits.

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Features of Bajaj Arogya Sanjeevani Policy

  1. Free to choose the Sum Assured at the time of inception of the policy.
  2. Get Tax Deductions under Section 80C of the Income Tax Act 1961.
  3. 5% of the Sum Assured will be added every year if you don’t make any claim.
  4. Cost of the ambulance is also covered in this insurance plan.
  5. Pre and Post-Hospitalization Covers are also available in this plan.
  6. The cost of AYUSH treatment is covered in this plan.
  7. Enjoy a Free-Look period of 15 days in this insurance plan.

Benefits of the Arogya Sanjeevani Plan

Here are the various benefits of this health insurance plan that you must explore before buying it. This plan has some unique benefits that are different from other health plans.

Hospitalization Benefits

In this benefit, if you are hospitalized then bed-charges, nursing charges, blood tests, ICU Charges, and other consultation fees are covered in this plan. You can see them below:-

  1. Room’s Rent cover is 2% of the Sum Assured of up to Rs.5000.
  2. ICU’s Rent cover is 5% of the Sum Assured of up to Rs.10000.

Pre and Post-Hospitalization Cover

The pre-hospitalization expenses prior to 30 days to hospitalization are covered in this health insurance plan. On the other hand, the expenses paid after hospitalization until 60 days are covered in this insurance plan.

Other Diseases Coverage

There are some other diseases and treatments that are covered in this policy and you will get 50% of the Sum Assured if you are going for the treatment mentioned below:-

  1. Uterine Artery Embolization and HIFU (High-Intensity Focused Ultrasound)
  2. Balloon Sinoplasty
  3. Deep Brain Stimulation
  4. Oral Chemotherapy
  5. Immunotherapy – Monoclonal antibody to be given as an injection
  6. Intravitreal injections
  7. Robotic Surgeries
  8. Stereotactic radio surgeries
  9. Bronchial Thermoplasty
  10. Vaporisation of Prostrate (Green Laser treatment of Holmium laser treatment)
  11. IONM – (Intra Operative Neuro Monitoring)
  12. Stem Cell Therapy

AYUSH Treatment

Treatments like Ayurveda, Unani, Siddha, and Homeopathy will be covered by the company. AYUSH treatment is also known as Ayurvedic Treatment. So, if you are going through these treatments then the expenses will be covered in this Policy.

Cataract Expenses Reimbursement

The expenses done for the treatment of Cataract Illness are covered in this plan. You can see the reimbursement you will get for the cataract treatment and it will be the lowest of the following:-

  1. 25% of the Sum Assured
  2. Rs.40000

Day Care Treatment

This plan covers the expenses done for the Day Care Treatment. It means that if in case you aren’t hospitalized and your treatment has done in a day then the expenses for that treatment will be covered in this in Policy.

Dental Treatment and Plastic Surgery

The Dental Treatment and Plastic Surgery expenses are covered in Bajaj Allianz Arogya Sanjeevani policy if in case it is needed due to any other disease. The company will pay back all the expenses incurred for Dental Treatment and Plastic Surgery.

Ambulance Cover

You will get the reimbursement for the ambulance expenses as well in this health insurance plan. Rs.2000 is the maximum cover for the Ambulance Expenses in this insurance plan.

Cover your Family

You can add your family members as well to the same insurance plan. Members that can be added to this policy are:-

  1. Spouse
  2. Children
  3. Parents
  4. In-laws

No Claim Bonus

You will get a no-claim bonus every year. If you pass a year without making any claim then the company will increase the amount of the Sum Assured by 5%. The company will add the no-claim bonus of 5% of the Sum Assured to the remaining Sum Assured every year. The no-claim bonus will be added to the Sum Assured until it reaches 50% of the Sum Assured. The premium of the policy will remain the same and the Sum Assured will keep on increasing.

Eligibility Criteria of Bajaj Allianz Arogya Sanjeevani Policy

Minimum Age of Entry18 Years
Maximum Age of Entry65 Years
Minimum Age of Entry for a Dependent Child90 Days
Maximum Age of Entry for a Dependent Child25 Years
Minimum Sum AssuredRs.1 Lac
Maximum Sum AssuredRs.5 Lacs
Policy Term1 Year

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