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Health Insurance 338 views July 30, 2021
Bajaj Allianz Silver Health Plan protects the finances of senior citizens in a medical crisis. This plan understands that healthcare costs increase with age and offers several features that help people aged 46 years or above deal with several treatment expenses. Let’s look at the key features of this plan mentioned below before we discuss them extensively.
Continue reading this page to understand these features in detail to make a better decision.
Table of Contents
Bajaj Allianz Silver Health Plan is a comprehensive individual medical insurance policy that provides coverage against critical illnesses, hospitalization, ambulance charges, etc. We have discussed its features and benefits below. Do check.
Bajaj Allianz Silver Health Plan offers multiple sum insured options from which individuals can choose according to their convenience. These options are INR 50,000, 1,00,000, 1,50,000, 2,00,000, 3,00,000, 4,00,000 and 5,00,000.
You can choose the Silver Health Plan for one year only. However, you can renew the plan every year.
The premium amount depends on the sum insured option and age of individuals. The minimum premium stands at INR 1,995 per year for the sum insured of INR 50,000 for individuals aged 46 to 50 years.
If a policyholder needs hospitalization (on the advice of a doctor) for the treatment of an illness or accidental bodily injury during the policy term, Silver Health Plan will cover the in-patient and pre & post-hospitalization expenses.
If an insured person is hospitalized as an in-patient, the plan will provide coverage against the following expenses.
Policyholders will also get coverage against expenses incurred before and after hospitalization. The coverage amount under this benefit will be up to 3% of the sum insured (A maximum of INR 15,000).
Once Bajaj Allianz accepts the claim under medical expenses cover, you will also get coverage against the expenses incurred on an ambulance for the insured person’s transfer to or between hospitals. The maximum coverage amount will be INR 1,000 per claim.
If you don’t claim for a continuous period of 4 years, Silver Health Plan will offer you a free medical checkup at a Bajaj Allianz Diagnostic Centre. Under this checkup, you can undergo the following tests.
The plan from Bajaj Allianz also covers the following modern treatment methods up to 50% of the sum insured or INR 5 lakh (whichever is lower).
Policyholders can also increase the sum insured (coverage amount) at the time of renewal. The enhancement should be in proportion for all the insured members under the plan. For this, you will need to submit a fresh proposal form along with the renewal notice.
Policyholders will also get a premium discount of 5% if two or more members are covered under the plan.
Do check the important conditions related to this plan mentioned below.
Policyholders will not get coverage in the following situations.