Health Insurance 161 views July 7, 2021

Bajaj Allianz Global Personal Guard Policy

Bajaj Allianz Global Personal Guard Policy helps customers protect themselves and their families from accidental death or disability. By choosing this innovative health insurance plan from Bajaj Allianz, you can provide financial security to yourself and your family during accidental bodily injuries happening anywhere in the world. With this plan, policyholders will get coverage against death, total or permanent partial disability due to an accident.

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Before going any further, let’s understand the key features of this plan mentioned below.

  1. Worldwide Coverage
  2. Accidental Death Benefit
  3. Flexible sum insured up to INR 25 crore
  4. Option to Cover Entire Family
  5. Coverage against Permanent Partial or Total Disability due to an accident
  6. Accidental Hospitalization Expenses
  7. Adventure Sports Benefit
  8. Air Ambulance Cover
  9. Flexible policy term options – 1, 2 or 3 years
  10. Children Education Benefit
  11. Coma due to Accidental Bodily Injury
  12. EMI Payment Cover
  13. Fracture Care
  14. Hospital Cash Benefit
  15. Loan Protector Cover
  16. Loss of Income due to Disability from Accident
  17. Road Ambulance Cover
  18. Travel Expenses Benefit
  19. A 15-day free look period

Now you would want to know these features of the Bajaj Allianz Global Personal Guard Policy in detail. On this page, we will be discussing the same. You can also know the eligibility criteria of this plan. Read on to know more!

Let’s Understand the Features and Benefits of Bajaj Allianz Global Personal Guard Policy in Detail

Bajaj Allianz Global Personal Guard Policy provides financial support if you are disabled or injured after an accident. There are two sections under the policy – Base and Optional Cover. Under base cover, you will get benefits from 3 sections, while there are 12 sections under optional cover. Policyholders can choose optional cover on payment of an additional premium. We are talking about each of them below. Have a look!

Base Covers

Base covers include the payouts to have in case of death, permanent total disability and permanent partial disability due to an accident. Check below the structure of payouts in case you face any of these.

Death Benefit

If a policyholder dies due to accidental bodily injuries within 12 months from the date of the accident (during the policy period), this policy provides the sum insured to the nominee. Under this section, policyholders will also get the following additional benefits.

  1. 1% of the sum insured as a lump sum benefit towards the expenses of transporting the body remains of the insured person from the place of death to a nearby hospital, cremation place or burial ground.
  2. Funeral Expenses – 1% of the sum insured towards funeral expenses of the deceased insured person.

Permanent Total Disability

If a policyholder sustains an accidental bodily injury during the policy term and that results in permanent total disability, this policy will pay up to 100% of the sum insured. The Permanent total disability, as per the policy, can be any of the following.

  1. Loss of the sight of both eyes
  2. Physical separation of or the loss of ability to use both hands or both feet
  3. Physical separation of or the loss of ability to use one hand and one foot
  4. Loss of sight of one eye and the physical separation or the loss of ability to use either one hand or one foot

Under this section, you will also get Lifestyle Modification Benefit with which you will get 2% of the sum insured towards modification in residence or vehicle.

Permanent Partial Disability

If a policyholder faces permanent partial disability due to an accident (during the policy period), you will get up to 75% of the sum insured. The percentage of the sum insured changes according to the nature of the permanent partial disability.

Optional Covers

Optional covers include the payouts in case of accidental hospitalization, death due to participation in adventure sports, as well as other value-added benefits. Let’s read about these below.

Accidental Hospitalization Expenses

The policy will cover following in-patient treatment expenses if a policyholder is hospitalized for a minimum of 24 hours on the advice of a doctor due to an accidental bodily injury.

  1. Room rent or boarding expenses
  2. Nursing
  3. Intensive care unit
  4. Consultation fees
  5. Anesthesia, blood, oxygen, operation theatre charges, surgical appliances
  6. Medicines, drugs and consumables
  7. Diagnostic procedures and cost of prosthetics
  8. Physiotherapy expenses (if needed)

Other than this, you can also get coverage against day care procedures and pre & post-hospitalization expenses for 60 and 90 days, respectively.

Adventure Sports Benefit

If a policyholder dies or receives permanent total disability during the policy period while engaged in adventure sports (in a non-professional capacity), the policy will provide a benefit amount. Under this cover, the sum insured can go up to INR 1 crore. Some of the adventure sports for which you will get cover are as follows.

  1. Bungee Jumping
  2. Bridge Swinging
  3. Zip Lining or Trekkie
  4. Motor rallying
  5. Motorcycle racing
  6. Air racing
  7. Kart racing
  8. Bodyboarding
  9. Scuba Diving
  10. Shark Diving
  11. Swimming with Dolphins
  12. Diving with Whale

Air Ambulance Cover

With this benefit, you will get coverage against emergency air ambulance expenses from the place of accident to the nearest hospital for emergency treatment during the policy period.

Children Education Benefit

With this optional cover, policyholders will be able to secure their child’s future. The reason being the policy will pay towards the cost of education of your dependent children if you are permanently disabled or worse due to an accident during the policy term.

Coma Due to Accidental Bodily Injury

If a policyholder is in a comatose state due to an accidental injury (within 1 month from the date of accident), this cover will provide the benefit amount up to the sum insured.

EMI Payment Cover

If you are permanently disabled due to an accident because of which you are unable to do your job, this policy will pay your active EMIs for 3 months. So, you don’t need to worry about your monthly installments if something unfortunate happens to you during the policy term.

Fracture Care

If you get a fracture in bones due to an accidental bodily injury, the policy will cover the expenses incurred up to 100% of the sum insured. The maximum benefit amount can go up to INR 5 lakh.

Hospital Cash Benefit

If you need hospitalization due to accidental bodily injuries, Bajaj Allianz Global Personal Guard Policy will provide a daily benefit amount up to 60 days of hospitalization per policy period.

Loan Protector Cover

Bajaj Allianz Global Personal Guard Policy will also pay your outstanding loan amount (up to the sum insured) as on the date of the accident if you die or are permanently disabled due to an accident.

Loss of Income due to Disability from Accident

In case of an accidental injury, this policy covers the loss of the policyholder’s income by providing him or her weekly benefits up to 100 weeks. The maximum benefit will be 25% of the policyholder’s monthly income. However, the benefit amount ranges from INR 1,000 to 50,000 per week.

Road Ambulance Cover

With this optional cover, the policyholder will get coverage against expenses incurred on a road ambulance provided he/she needs to be transported to the nearest hospital from the place of accident or from one hospital to another with better medical facilities on the advice of the treating doctor.

Travel Expenses Benefit

If an accident happens in another city (different from his or her actual residence), the policy will also pay towards the travel expenses of your immediate family member up to the sum insured. However, this family member should be above 18 years of age.

Who Can be Covered Under Bajaj Allianz Global Personal Guard Policy?

You can include yourself, spouse, dependent children and dependent parents under this policy from Bajaj Allianz.

Bajaj Allianz Global Personal Guard Policy Eligibility Criteria

Have a look at the important conditions related to the Bajaj Allianz Global Personal Guard Policy mentioned below.

  1. The entry age for proposer and spouse/dependent parents ranges from 18 to 70 years.
  2. For dependent children, the entry age can range from 3 months to 25 years.
  3. To know the eligibility of sum insured for salaried and self-employed individuals, check the below table.
    Coverage DetailsMaximum Sum Insured Eligibility
    Death100 times the Gross Monthly Income
    Permanent Total Disability60 times the Gross Monthly Income
    Permanent Partial Disability60 times the Gross Monthly Income
    Loss of Income due to Disability from Accident25% of the Monthly Income (Nearest & highest weekly benefit would be considered)

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