Bajaj Allianz launches My Health Care plan. see details here

Bajaj Allianz General Insurance today announced the launch of its modular health insurance product ‘My Health Care Plan’, an umbrella product for customizable packages.

The company said that the flexibility to pick and choose the cover as per the requirement gives the customers the freedom to design their own healthcare plan, based on which the premium for the policy is determined. The company has announced Plan 1 under the umbrella product which includes compulsory and optional coverages.

My Health Care Plan product includes compulsory coverages such as in-patient hospitalization expenses, pre and post hospitalization expenses, advances in modern treatment methods and technologies, organ donor expenses, Ayurvedic and homeopathic hospitalization cover, maternity package expenses, cumulative bonus etc. Under the maternity package section, the plan covers maternity expenses for the insured member, surrogate mother as well as complications of assisted reproductive procedures or techniques.

Three optional covers are also provided under Plan 1 of the policy, which are loss of income cover, major illness and accident multiplier cover and international cover. Under the international cover, the expenses for emergency care required by the policyholder anywhere in the world are covered.

Tapan Singhal, MD & CEO, Bajaj Allianz General Insurance said, “With our ‘My Health Care Plan’ product, we intend to offer a plethora of offerings where the customer has the flexibility to choose and package his cover be the one that best suits them. And their family, however, may differ. Under this product, we will launch multiple plans, starting with Plan 1, where customers can package their policies as per their requirements “

‘My Health Care Plan’ provides options up to Sum Insured (SI) 50 million. The policy is offered on individual and floater basis with a policy term of 1 year, 2 years or 3 years. Premium payment options are available on monthly, quarterly, half-yearly and annual basis with lifetime renewal option. Several discount options are offered with this product such as family discount, long term discount, fitness discount, loyalty discount, and early entry discount among others. Rebates are also offered based on the area the policyholder resides in. In addition, zone-based co-pay is not applicable. The firm said that the longer discount option also offers benefits on reducing the waiting period.

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