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Benefits of Bajaj Allianz Health Insurance
Comprehensive Medical Coverage
Health insurance plans provide comprehensive medical coverage, ensuring you can handle unexpected hospitalizations or planned procedures without financial concerns.
They offer a solution to manage steep treatment costs effectively.
In-patient Hospitalisation
In-patient hospitalization involves patients being admitted to a medical facility for a minimum of 24 hours.
Insurance policies universally include coverage for in-patient hospitalization as part of their standard offerings.
Pre- and Post-Hospitalisation Cover
Medical insurance covers hospitalization costs, pre-treatment expenses (including diagnosis and prescribed tests), and post-treatment expenses (for ongoing medical needs)
Post-hospitalization cover supports expenses following treatment, particularly for costly medications. Typically, policies offer a 30-day cover for pre-treatment and a 60-day cover for post-treatment expenses.
Day-Care Expenses
Day-care procedures are outpatient surgeries completed in a few hours due to advances in medical technology and effective treatments. They are also known as short-term hospitalizations, typically lasting more than 2 hours but less than 24 hours.
Health insurance covers day-care expenses, providing financial protection for minor treatments that can otherwise be costly.
Coverage for Critical illnesses
Critical illness cover includes severe and potentially fatal conditions like heart ailments, renal failure, and cancers of varying severity.
These plans provide a lump-sum payment upon diagnosis, supporting treatment and other medical expenses. A lesser-known benefit includes coverage for organ donation expenses.
Room rent & ICU charges
Health insurance policies typically cover room rent and ICU charges during hospitalization. Room rent expenses vary based on the ward type (regular, ICU, ICCU) and are subject to a predefined limit.
Any amount exceeding this limit must be borne by the policyholder.
Cashless Treatment at Network Hospitals
Health insurance plans offer financial protection for unexpected medical emergencies. Opt for policies with cashless claims to avoid upfront payment and reimbursement hassles.
With cashless health insurance, the insurer directly settles the treatment costs with the hospital, minimizing your immediate financial burden.
Domiciliary Cover for Home Treatment
Health insurance includes domiciliary cover for home-based treatment, useful when medical facilities are inadequate or patients’ mobility is restricted due to illness severity.
This benefit particularly supports elderly individuals by ensuring accessible healthcare options.
Ambulance Charges for Transportation of the Patient
Health insurance plans cover ambulance expenses, which can be significant, especially in metro areas.
This coverage ensures that transportation costs for patients using ambulances are taken care of by the insurance policy.
Coverage for Pre-Existing Diseases
Health insurance covers pre-existing diseases, such as chronic conditions like heart disease, cancer, and asthma, which are prevalent among elderly buyers. These conditions are termed pre-existing illnesses and are included in the policy coverage, sparing individuals from out-of-pocket expenses for their treatments.
However, policies typically impose a waiting period before coverage begins for pre-existing illnesses, so it’s important to verify this before purchasing.
Cumulative Bonus at Renewal
In policy tenures without claims, health insurance rewards policyholders by increasing their sum assured at renewal—a benefit known as cumulative bonus.
This bonus typically ranges from 10% to 100% of the original sum assured and is a lesser-known advantage of health insurance plans.
Lifetime Renewability
Lifetime renewability in health insurance allows policyholders to renew their plans indefinitely, irrespective of age restrictions. This feature is beneficial in family floater plans, ensuring coverage continues even when the eldest member reaches the upper age limit.
It provides senior citizens with ongoing financial security against medical emergencies by ensuring continuous insurance coverage throughout their lives.