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Health Insurance Plan


Health insurance by Bajaj Allianz include individual health insurance plans, family floater health insurance, add on health cover, senior citizens health care and critical illness health insurance policies. – PowerPoint PPT presentation

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Title: Health Insurance Plan

Health Insurance Plan
  • - includes individual health insurance plans,
    family floater health insurance, health cover,
    senior citizens health care and critical illness
    health insurance policies.

Which rider is suitable on your health policy?
  • Introduction-
  • Given the rising health care costs, buying a
    suitable health insurance plan is very useful.
    You can also save tax on the money paid on the
    premiums. However, just buying a policy might be
    insufficient at times take into consideration
    some important aspects of day-to-day life. These
    could be facing a critical illness, personal
    accident, high hospitalization costs etc. You
    might be unable to quote the financial
    requirements incurred during the crisis time.
    Therefore, its better to buy add-on covers or
    riders that provide added benefits at some extra
    cost. Add-on cover is the convenience it offers
    such as common underwriting process, one-point
    renewal and endorsement for both coverages.

Some of the covers commonly available in India
  • Critical illness cover
  • Personal accident cover
  • High-deductible insurance cover
  • Hospital cash cover
  • Room rent waiver cover

  • High-deductible insurance cover A
    high-deductible health policy is an additional
    coverage for people who have an existing
    individual health insurance plan or are covered
    under a group insurance policy from employer. It
    is for reimbursement of expenditure arising out
    of hospitalization beyond the limit of the
    existing cover or a defined threshold.

Critical illness cover This provides a lump sum
benefit for certain pre-decided ailments, as
defined by the insurance company. If the insured
is diagnosed with any of these, then he or she
gets a payout apart from the health insurance
Personal accident cover It covers the risks
that arise due to death or disablement caused
directly and solely by accidents. It is helpful
in cases of medical emergencies arising out of
accidents and are available for a sum insured
ranging from Rs 10 lakh to Rs 20 lakh.
Hospital cash cover These covers provide daily
cash upon hospitalization due to sickness,
accident, day-care procedures, etc. The amount
could be anything from Rs 1,000-3,000 depending
on the number of days decided by policy terms.
  • Room rent waiver cover A room rent waiver
    rider allows you to have a higher sub-limit or
    rooms without sub-limits in case of
    hospitalization. Typically, most insurance
    policies have a defined sub-limit on the room
    rent, room type (single or double occupancy).

  • It is important that one should select an add-on
    cover keeping in mind factors such as existing
    plan coverage, family expansion, unplanned
    expenses, prevention and wellness care needs and
    so on.
  • For instance, if one is planning to start a
    family, his wife can opt for a maternity and
    newborn baby cover with the floater health
    insurance plan, which provides coverage for
    delivery expenses and hospitalization of the
  • However, this cover has a waiting period. If
    youre a salaried employee already covered by the
    employer's group policy, you can opt for a top-up
    cover to meet additional expenses. The age,
    nature of occupation and lifestyle of the insured
    are important factors to keep in mind while
    choosing the rider on your health policy.

  • Those who travel often or have exposure to
    dangerous labour work such as construction sites,
    industrial work etc. their opting for personal
    accidental rider makes sense which can add great
    value to your health insurance plan.
  • If one is living away from one's family or
    taking treatment in another city, compassionate
    visit cover will be beneficial.
  • It covers the cost of air travel by an immediate
    family member to the place of hospitalization.
    Although buying riders will push up your total
    premium at slightly higher end, but one must look
    at it in the context of the benefit it offers.
  • These are niche products that focus on specific
    conditions. The waiting periods for these add-on
    covers wary, such as fixed benefits covering
    critical illnesses dont have the usual waiting
    period of two years but only an initial waiting
    period of 60-90 days.

To know more details visit https//www.bajajallia