New Delhi: Bajaj Allianz General Insurance has launched ‘Global Health Care’, a comprehensive health indemnity insurance product that provides cover to the policyholder for planned and emergency treatment both in India and abroad.
Tapan Singhel, MD & CEO, Tapan Singhel, said, “Many of us want to look at international treatment options for our loved ones and ourselves, but we rarely opt for it given the huge expenses, and it could potentially can reduce the life savings of a person. Bajaj Allianz General Insurance.
Bajaj Allianz General Insurance has collaborated with Allianz Partners to provide a seamless claims experience to the policyholders.
Global Health Care offers one of the most comprehensive sum insured in the Indian market, starting from from 37,50,000 3,75,00,000 ($100,000 to $1,000,000). The product is available with two plans – ‘Imperial Plan’ and ‘Imperial Plus Plan’ which offer both international and domestic cover. The Imperial Plus plan is a high-end variant with a higher sum insured.
Home cover for ‘Imperial Plan’ and ‘Imperial Plus Plan’ includes hospitalization treatment of the patient, pre and post hospitalization expenses like ambulance (air and road), day care procedures, living donor medical costs , modern treatment methods and technological advancements, treatment of mental illness and rehabilitation among others. A complementary feature of Home Cover is that it also provides Ayurvedic/Homeopathic hospitalization as a special facility. Also, while undergoing home treatment, the patient can opt for transfer to the best international facilities available for his illness, the firm said.
International cover offers dental cover (optional), inbuilt OPD cover, and other advanced features like inpatient cash benefit, palliative care, medical repatriation, repatriation of mortal remains, for a parent living with an insured child Cost of accommodation, air ambulance and medical evacuation, and emergency treatment outside the covered area among others. International Cover offers a voluntary deduction of zero/$500/$1,000 on an aggregate basis which reduces the premium payable. These covers also provide a built-in annual preventive health check-up during each renewal cycle.
Charu Kaushal, CEO, Allianz Partners India said, “… the plan enables our customers to avail planned or emergency treatment anytime across the globe backed by our vast medical network. We are on this journey with Bajaj Allianz. Excited to begin our journey to jointly provide best-in-class and customer-centric healthcare solutions.”
Global Health Care offers policyholders the option to choose between a worldwide cover including US and a worldwide cover except US. This product is offered to Indians residing in India with Sum Assured available on an individual basis for a policy cover period of 1 year. The entry age is 18 to 65 years for adults and 3 months to 30 years with lifetime renewal option for dependent children. Cashless and reimbursement claim settlement options are available in the Global Health Care product. Premium starts 39,432 excluding GST provided with EMI facility for payment of premium on monthly, quarterly, half-yearly or annual basis. The firm said that an additional 5% discount would be applicable if two or more family members opt for the policy.