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Bajaj Allianz Premium Personal Guard Policy: Features, Benefits, Review

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The Premium Personal Guard plan by Bajaj Allianz is personal accident disability plan which offers financial compensation to overcome crises after death or disability resulting from an accident.

Plan variants –

There are 4 variants of this plan namely Plan A, B, C and D.

Scope of cover –

Proposer and/or spouse between age 18 years to 65 years can be covered under this policy.

Dependants between age 5 years up to 21 years can be covered under this plan.

Sum insured values –

There are 4 plans A, B, C and D with different sum insured values.

Premium Personal Guard plan

Policy Period – 1 year

Risk Group Covered –

This policy is available only for individuals under occupation Risk Group I which includes individual under administrative/ managerial functions, teachers, etc.

Main highlights of the plan –

Some of the important benefits offered by Bajaj Allianz Premium Personal Accident Plan are:

  1. 200% of sum insured as compensation in case of permanent disability.

  2. Coverage on Individual and Family Package basis.

Benefits offered in this plan –

Most important –

The Premium Personal Accident Plan by Bajaj Allianz Health Insurance offers benefits like:

ACCIDENTAL DEATH –

Death within 12 calendar months of an accident, resulting solely from an accident is covered up to 100% of sum insured for the insured individual. In case of family coverage spouse and children are covered up to 50% and 25% of the sum insured respectively.

PERMANENT TOTAL DISABILITY –

A consequential injury caused by an accident that results in permanent total disability is covered under this benefit as long as it occurs within 12 months from the date of an accident. The compensation up to 200% of sum insured is provided to the insured in such case. However, for spouse and children covered under this plan the benefit is limited up to 100% and 50% of the sum insured respectively.

PERMANENT PARTIAL DISABILITY –

A consequential injury caused by an accident that results in partial disability is covered under this benefit as long as it occurs within 12 months. The compensation in the range of 5 to 70 % of sum insured depending on the part of body affected is provided in such cases to the insured. However, for spouse and children covered under this health insurance plan, the benefit is limited up to 100% and 50% of benefit value for the insured.

TEMPORARY TOTAL DISABILITY –

A consequential injury caused by an accident that prevents one from pursuing his/her occupation is covered under this benefit as long as it’s within 12 months. The compensation is paid on a weekly basis in the range of INR 5000 to INR 10,000 depending on the sum insured for a maximum of 100 weeks.

Good to have –

Some of the good to have benefits offered by Premium Personal Accident plan by Bajaj Allianz are:

1. COVERAGE FOR TRANSPORTATION EXPENSES –

This policy covers cost of transportation for insured deceased mortal remains equal to 2% of sum insured up to a maximum of INR 5000.

2. NO-CLAIM BONUS –

This policy offers no-claim bonus equal to 10% of sum insured up to a maximum of 50% after every claim free year.

VALUE ADDED BENEFIT –

The Premium Personal Guard policy by Bajaj Allianz offers some of the value added benefits without any extra premium like:

1. Education Bonus –

In case if there is a valid claim for death or permanent disability then and education bonus is paid for the insured individual’s dependent children. A compensation equal to INR 5,000 is paid per child, below age 19 years. Maximum of 2 dependents would get this benefit.

2. AMBULANCE EXPENSE COVERAGE –

For individuals who have opted for Hospitalization expense add-on cover, on claims under Hospitalization expense cover the expenses on ambulance up to INR 1000 per claim is covered.

ADD-ON COVER

1. DAILY CASH/ HOSPITAL CONFINEMENT ALLOWANCE -

Under this benefit, daily cash of INR 1000 to INR 2,500 per day for a maximum of 30 days is provided in this plan.

2. Hospitalization expense cover –

Under this benefit hospitalization expense are covered up to sum insured.

Please refer the policy wordings for the detail list of coverage offered under each section.

Exclusions –

Some of the major exclusions under a personal accident plan are:

  1. War or terrorism related injuries.
  2. Self- injury or suicide.
  3. Pre-existing injury or disability.
  4. Injury due to adventurous activities.

Please refer the policy document for the detailed list of all the exclusions.

Talk to an expert

Health plans starting at Rs 6 / day

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Aniket Thakker
Written by Aniket Thakker
He lives off TV shows, movies, junk food, comics and sarcasm. When he is not working as a freelance imaginary friend to other beings like him, he works as VP of Marketing at Coverfox.

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