It is a collaboration between Bajaj Finserv Limited and Allianz SE. Both brands are well-known for their expertise, stability, and durability. Bajaj Allianz earned the Insurance Regulatory and Development Authority (IRDA) certificate of Registration on 2nd May 2001 to carry out several businesses (including health insurance business) in India.
Health care costs are increasing by the day. As the age of individual advances, the medical expenses increase manifold and are a strain on the pocket. Senior Citizens have to spend their hard-earned savings to meet these costs. Bajaj Allianz's Silver Health Plan for Senior Citizens shields you and your spouse in case you require costly medical care.
For children : Nil
Adults :
Minimum : 46 years
Maximum : 70 years
Maximum Members : 2
Maximum Adults : 2
Maximum Children : 0
50,000 - 5 Lakh
Family Discount
Annual
Above 46 years
For children : Nil
Adults :
Minimum : 46 years
Maximum : 70 years
Maximum Members : 2
Maximum Adults : 2
Maximum Children : 0
50,000 - 5 Lakh
Family Discount
Annual
Above 46 years
The plan covers the expenses towards 130 day-care procedures that would otherwise require hospitalization of a minimum of 24 hours.
For every claim-free year, you will be entitled to a 10% cumulative bonus for the next policy year up to a maximum of 50%.
Compensates for the Pre-Hospitalisation expenses for consultations, investigations and medicines incurred up to 3% of allowable Hospitalisation expense.
Compensates for the Post-Hospitalisation expenses for consultations, investigations and drugs incurred up to 3% of eligible hospitalization costs.
If you are currently insured with a different insurer and wish to switch to Bajaj Allianz Silver Health Plan, you can do the same without losing your accrued benefits after the waiting periods.
You can avail tax benefits for the premium amount paid towards this plan under Section 80D of the Income Tax Act,1961.
You can apply for enhancement of Sum Insured at the time of renewal by submitting a new proposal form to the company.
The plan allows you for a complimentary health check at every four claim-free years for the list of tests defined as per the eligibility. The check-up can be carried out at an empaneled diagnostic center.
Covers ambulance charges in an emergency subject to a limit of Rs 1000/- per claim.
Not applicable
Not applicable unless required due to an accidental injury.
For any reason, should you decide not to proceed with the policy, you can return the same and request for a refund within 15 days from the date of receipt of the policy document.
Waiver of the co-payment clause is available on payment of 15% loading on premium thus eliminating the co-payment requirement even if you choose to get treated in a non-network hospital.
For any reason, should you decide not to proceed with the policy, you can return the same and request for a refund within 15 days from the date of receipt of the policy document.
20% co-payment applicable for any treatment sought in a non-network hospital.
Payment in respect of surgery for cataracts (after the expiry of 1 year waiting period), will be restricted to 10% of the Sum Insured for each claim, subject to a minimum of Rs 12,000 and a maximum of Rs 25,000.
A 30 days cooling off period for all claims except any arising out of accidental injuries.
One year waiting period for few listed conditions like any types of gastric or duodenal ulcers, Benign prostatic hypertrophy, Endometriosis, Fibromyoma, etc.
You can claim for any pre-existing conditions expenses after 12 months from the policy start date.
4 Years exclusion for joint replacement surgery unless necessitated by accidental Bodily Injury.
The Plan will not cover any liabilities towards the treatments of following conditions-
The detailed list of what the policy does not cover is available in the policy wording.
Bajaj Allianz Silver Health Plan is tailor-made to tackle any healthcare costs for the senior citizens. It offers valuable benefits like coverage for 130 day-care treatments, cashless hospitalization & a cover for any pre-existing ailments from second policy year. If you prefer to overlook a steep co-payment of 50% on claims related to pre-existing condition and a limit on claims related to Cataract, this plan is packed with benefits that are worth considering. Moreover, if you opt for an increased cover for critical Illness concurrently with this policy, it will give you a broad coverage against major exigencies.
**Reviews and ratings are based only on Benefits and Conditions. Things like Claim Settlement Ratio, Hospital Network have not been covered under product ratings. These are covered under Company ratings.Documents Required To Buy Bajaj Allianz Silver Health Plan
Documents Required for Claim under Bajaj Allianz Silver Health Plan
You can easily renew your Bajaj Allianz Silver Health Policy from the official website of Bajaj Allianz. Simply follow these steps:
How to File a Claim with Bajaj Allianz Silver Health Policy?
You can file a claim with Bajaj Allianz Silver Health Policy by contacting the customer service centre at 1800-209-5858 and make a claim intimation.
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