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Health Insurance 3141 views February 14, 2020
Health Insurance Plans are very crucial in this modern age where the cost of medical expenditures and other related costs are sky touching. Furthermore, the present regime of individuals has made them more susceptible to various illnesses that require medical attention. In this situation, availing a strong health insurance plan is a must to insure yourself and your family against all medical exigencies. Bajaj Allianz, a leader in the insurance market has an array of health insurance plans keeping in mind all these factors.
One such health plan launched recently by Bajaj Allianz General Insurance is Health Infinity Policy keeping in mind the additional cost which an individual incurs during hospitalization thereby many times fall short to cover many expenses under a normal sum insured. Bajaj Allianz understands this concern and to address this issue, the company has come up with the new plan Health Infinity Policy.
Let us see the details of the Health Infinity Policy below:
Table of Contents
Room Rent Selections under Health Infinity Policy
The slab of Room Rent/ day (INR) | Co-payment % |
---|---|
3000- 5000 / day | 20-25 |
8000 / day | 20-25 |
10000 / day | 15/20/25 |
15000 / day | 15/20/25 |
20000 / day | 15/20/25 |
25000 / day | 15/20/25 |
30000 / day | 15/20/25 |
35000 / day | 15/20/25 |
40000 / day | 15/20/25 |
50000 / day | 15/20/25 |
Let us take an example to illustrate the correlation between the room rent option and co-payment.
Mr. R Bose has chosen INR 6000 room rent/day with a co-payment of 20%. Mr. Bose encountered an accident and incurred an expense totalling to INR 850000 during the hospitalization.
He has selected for a private room with INR 5000 room rent/day which is well within the chosen room rent option.
According to the policy terms, no co-payment will be required till 100 times the limit of the room rent and hence there is no co-payment till INR 600000. Above INR 600000, 20% co-payment will be applicable for extra claim of INR 250000 (850000-600000). The insurer will have to pay INR 776000 shown as below
Description | Amount (INR) |
---|---|
Total Bill Amount | 850000 |
Total Claimed Amount after deduction of Non-Medical expenses | 820000 |
Claim under the plan co-payment of 20% for the entire bill beyond 100 times
Description | Amount (INR) |
---|---|
Room Rent INR 6000 and 100 times of 6000 | 600000 |
Amount exceeding 100 times room rent limit of INR 6000 | 220000 (820000-600000) |
Co-payment as applicable 20% | 20% |
Policy co-payment applicable | 44000 |
Total Amount Payable by the insurer | 776000 (820000- 44000) |
The below categories of individual can apply for Health Infinity Policy
Point to note here is that the company will cover for the treatment which is availed in India and Indian Rupees
Age of Entry for proposer/ spouse/ dependent parents | Minimum- 18 years, Maximum- 65 years |
Age of Entry for Child | Minimum- 3 months, Maximum- 25 years |
Period of Policy (in years) | 1/2/3 |
Term of Premium Payment | 1 Year- Yearly Payment For 2 years and 3 years- The whole term premium is to be paid at the time of the beginning of the risk and renewal too |
The plan offers various kind of attractive discounts which are listed as below:
The claim settlement is done internally by the company without any intervention of any 3rd party as a TPA and is very easy to follow. For a Cashless facility, treatment needs to be done only at the network hospitals of the company. And if the company rejects the cashless claim, or if any other hospital is chosen for treatment apart from the network hospital or if the insured person does not opt for a cashless claim, then he or she can go for Reimbursement Claim.
You can visit the official website www.bajajallianz.com or can contact the 24*7 helpline number 1800 103 2529 or 020-30305858 for any assistance.
Thus, with Health Infinity Policy, you can give your family the best of the health plan and can be stress-free about the cost and other expenses that might be associated in case of any untoward event. So, stay safe and stay healthy.