Bajaj Allianz offers unlimited sum insured with new health policy


PTI, Feb 12, 2020, 2:19 PM IST

Mumbai: Bajaj Allianz General Insurance has launched a new health insurance policy that offers unlimited sum to the insured person.

The new policy, which the insurer claims to be an industry first, works on the basis of per day room rent, the Pune-based company said in a statement on Tuesday.

The policy can be taken for one, two or three years, it added.

With the new product called ‘Health Infinity,’ which is an individual health insurance policy that provides unlimited sum to the insured, the company aims not only to make health insurance an attractive proposition but also to give customers a product without any restrictions on the sum insured to avail quality medical treatment, it said.

A person can choose coverage limit according to the per day room rent options which range between Rs 3,000 and Rs 50,000, the company said, adding that based on the chosen option, the insured will be indemnified 100 times of the per day room rent limit, beyond which if the claim amount exceeds, a co-payment of 15, 20, or 25 per cent is applicable.

But this co-payment is applicable only on the claim amount which exceeds 100 times room rent and not on the total claim amount, it said.

The policy covers in-patient hospitalisation and treatment without any sub-limit. The premium depends on the age of the proposer, per day room rent opted and the co-payment option availed.

“As medical exigencies are unpredictable, it is difficult to determine the medical expenses in advance and accordingly opt for a policy. With Health Infinity, we have removed these constraints and introduced a cover for our customers, with unlimited sum insured for the first time in the insurance industry in an attempt to provide them unlimited care and security in the truest way,” Bajaj Allianz Managing Director and Chief Executive Tapan Singhel said.

The policy will cover pre-hospitalisation medical expenses of 60 days, post-hospitalisation of 90 days, road ambulance expenses up to Rs 5,000 per hospitalisation and daycare procedures as listed in the policy document.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Jayant Patil claims BJP used irrigation ‘scam’ to blackmail Ajit Pawar; Fadnavis, NCP chief hit back

Medical College expels 5 MBBS students from hostel for ragging juniors

Insulting women is in DNA of Cong leaders, alleges Jharkhand BJP

Man arrested from Delhi for calling up Pappu Yadav posing as aide of Lawrence Bishnoi

Tejasvi Surya hits out at Kharge, CMs of Cong-ruled states over poll promises

Farooq Abdullah seeks inquiry into spike in terror attacks in Valley since Omar’s swearing-in

Sabarimala pilgrims to get free insurance coverage of Rs five lakh

Related Articles More

Sensex, Nifty decline on selling in IT shares, FII sellout; end Samvat 2080 with 22% gains

Sensex, Nifty decline in early trade on unabated foreign fund outflows, selling in IT stocks

Gold surges Rs 1,000 to breach Rs 82k-mark as Diwali sparkles demand

Car makers witness record sales on Dhanteras; Oct bookings up by 30%

Dhanteras begins on slow note; Jewellers expect footfalls to increase

MUST WATCH

Gho Pooja in Deepavali Festival

Melukote Deepavali

Ganapathi Co-operative Society Ltd

Udayavani Chinnara Banna 2024

Annapoorna Aahar | Food Places In Mysore


Latest Additions

Jayant Patil claims BJP used irrigation ‘scam’ to blackmail Ajit Pawar; Fadnavis, NCP chief hit back

Medical College expels 5 MBBS students from hostel for ragging juniors

Insulting women is in DNA of Cong leaders, alleges Jharkhand BJP

Man arrested from Delhi for calling up Pappu Yadav posing as aide of Lawrence Bishnoi

Tejasvi Surya hits out at Kharge, CMs of Cong-ruled states over poll promises

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.