- About Coverfox
Bajaj Allianz's Health Guard Family Floater Policy is a comprehensive health insurance policy for you and your family. It is intended to take care of the medical expenditures incurred during hospitalization following a severe illness or disaster. It covers your entire family on a floater basis, i.e., the sum insured can be used to meet hospitalization or other permitted expenses for any of the insured member under Bajaj Allianz Health Guard Family Floater Policy.
For children : 91 days
Minimum : 18 years
Maximum : 65 years
Maximum Members : 6
Maximum Adults : 2
Maximum Children : 4
2 Lakh - 10 Lakh
Voluntary Deductible Discount
Depending on Age & SI
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% of the sum insured.
Compensates for the Pre-Hospitalization expenses for consultations, investigations and medicines incurred up to 60 days before Hospitalization
Compensates for the Post-Hospitalization expenses for consultations, investigations and drugs incurred up to 90 days after discharge from Hospitalization.
If you are currently insured with a different insurer and wish to switch to Bajaj Allianz Health Guard Family Floater 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 in the policy wordings. The check-up can be carried out at an empaneled diagnostic center.
You can claim up to Rs.1,000 per hospitalization towards the emergency ambulance charges.
This plan has the option to opt for the voluntary deductible in the range of Rs.10,000 to Rs. 2,50,000. With each deductible option, a discount in the range of 10 % to 32 % is offered.
When you buy the plan, you are eligible for some discounts at health and fitness centers across the country such as OPD, Pathologies, Radiology, Wellness Tests, Pharmacy, and so on.
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.
You will have to bear 10% of co-payment if you seek the treatment in any hospital outside the network. Similarly, 20% co-pay applies to any insured person aged 56yrs and above, being covered for the first time in the Family Floater Health Guard Policy.
A 30 days cooling off period for all claims except any arising out of accidental injuries.
24 months 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 48 months from the policy start date.
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's Family Floater Health Guard Plan includes a family on floater basis with a choice of an adequate sum insured. With coverage of day care treatments and laser eye surgery (after waiting period of four years), the plan comes with no sub-limits on room rent and boarding. However, the co-payment clause during claims and no cover for maternity and lack of a lump sum benefit for critical illness can be a bit damper. Overall, a decent plan to consider if you are contemplating to buy a health plan covering your family on floater basis.**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.