Overview
Bajaj Allianz Health Insurance is a joint venture between Bajaj Finserv Limited, one of India's leading financial services companies, and Allianz SE, the global insurance leader. Established in 2001, it is one of the leading health insurance companies in India, offering a wide range of health insurance plans to individuals, families and groups. With a solid customer-centric commitment, Bajaj Allianz Health Insurance aims to provide its policyholders with comprehensive healthcare coverage and financial protection. This company page will highlight various aspects of Bajaj Allianz Health Insurance, including its overview, range of health insurance plans, features and benefits, claim settlement process, buying process and commitment to customer service.
Bajaj Allianz Health Insurance Awards and Recognitions
Bajaj Allianz Health Insurance has won various awards and recognitions in recent years. Below, we have listed some of the awards and recognitions that Bajaj Allianz Health Insurance:
- Bajaj Allianz Health Insurance was named the “General Insurance Company of the Year” at the 27th Asia Insurance Industry Awards in 2023.
- Bajaj Allianz Health Insurance has won the “Product Innovator of the Year (Health Insurance)” award at the 4th Annual BFSI Excellence Awards in 2023.
- Bajaj Allianz Health Insurance has won the “Leader in Customer Experience Initiative” award at the ELETS Insurance Innovation Awards in 2023.
- Bajaj Allianz Health Insurance has won the “Best Customer Experience (Insurance)” award at the 2nd Annual Excellence Award in 2023.
- Bajaj Allianz Health Insurance has won two awards at the “ELETS BFSI Gamechanger CIO Awards” in 2023.
- The Economic Times recognized Bajaj Allianz Health Insurance as the “Best Organisation for Women” in 2023.
Bajaj Allianz Health Insurance Company Specification
Below are the key specifications of Bajaj Allianz Health Insurance Company:
| Particulars | Specifications |
|---|---|
| Network Hospitals | 18,400+ |
| Incurred Claim Ratio (2022-23) | 74.27 |
| Claim Settlement Ratio (less than 3 hrs) (2021-22) | 96.59 |
| Number of Branches | 1100+ offices |
| Solvency Ratio (2022-23) | 3.68 |
| Market Share (2022-23) | 3,372.78 crore |
*Data has been sourced from the annual report of IRDAI 2021-22 and 2022-23
Key Features of Bajaj Allianz Health Insurance
Bajaj Allianz Health Insurance offers several key features that distinguish it from other health insurers. Let's explore some of the key features of Bajaj Allianz Health Insurance:
Network Hospitals
Bajaj Allianz Health Insurance has tied up with over 18,400 network hospitals across India. Policyholders can avail of cashless hospitalization at this vast network of empanelled hospitals. This feature eliminates the need for advance payment, as the insurer settles the medical bills directly with the hospital.
Solvency Ratio
The solvency ratio shows us the ability of the company to meet its financial obligations. According to the Insurance Regulatory Development Authority of India (IRDAI), every health insurance company must maintain a minimum solvency ratio of 1.5. Bajaj Allianz Health Insurance has a solvency ratio of 3.68 in the financial year 2022-23.
Claim Settlement Ratio
The claim settlement ratio is used to evaluate the performance of any health insurance company. It shows us the claim-settling capability of an insurance company. According to the annual report of the Insurance Regulatory Development of India (IRDAI) 2021-22, Bajaj Allianz Health Insurance has a claim settlement ratio of 96.59 in the financial year 2021-22.
Wellness Programs
Bajaj Allianz Health Insurance offers policyholders wellness programs that promote a healthy lifestyle. These programs provide access to preventive health screenings, wellness rewards, and discounts at participating healthcare centres. A focus on wellness helps policyholders actively manage their health and prevent diseases.
Number of Branches
Bajaj Allianz Health Insurance is one of the largest health insurers in India, with branches in over 1100 cities and towns across India. The company continuously expands its reach and operations, where customers can visit their nearest branch to resolve queries.
Bajaj Allianz Health Insurance Plans
Bajaj Allianz Health Insurance offers a diverse portfolio of health insurance plans that cater to different healthcare needs. Let's explore the health insurance plans offered by Bajaj Allianz Health Insurance:
Individual and Family Health Insurance
 |
Bajaj Allianz Health Infinity Plan |
Coverage Benefits
- Preventive Health Checkup
- Daycare Treatment
- Road Ambulance
Eligibility Criteria
Entry Age: 3 Months to 65 Years
Sum Insured: No Limit
|
Bajaj Allianz Health Guard |
Coverage Benefits
- Road Ambulance
- Daycare Treatment
- Organ Donor
Eligibility Criteria
Entry Age: 3 Months to 65 Years
Sum Insured: INR 1.5 Lakhs to 1 Cr
|
Bajaj Allianz Arogya Sanjeevani |
Coverage Benefits
- No Medical Test Required
- Cataract Treatment
- AYUSH Treatment
Eligibility Criteria
Entry Age: 3 Months to 65 Years
Sum Insured: 1 Lakh to 25 Lakhs
|
Bajaj Allianz Premium Personal Guard |
Coverage Benefits
- Permanent Total Disability
- Temporary Disability
- Accidental
Eligibility Criteria
Entry Age: 5 Years to 65 Years
Sum Insured: 10 Lakhs to 25 Lakhs
|
Bajaj Allianz Extra Care |
Coverage Benefits
- Modern Treatment
- Ambulance Coverage
- Pre and Post Hospitalization
Eligibility Criteria
Entry Age: 3 Months to 70 Years
Sum Insured: 10 Lakhs to 15 Lakhs
|
Bajaj Allianz Extra Care Plus |
Coverage Benefits
- Daycare Treatment
- Modern Treatment
- Maternity Treatment
Eligibility Criteria
Entry Age: 3 Months to 80 Years
Sum Insured: 3 Lakhs to 50 Lakhs
|
Bajaj Allianz M Care |
Coverage Benefits
- Dengue Fever
- Malaria
- Zika Virus
Eligibility Criteria
Entry Age: Up to 65 years
Sum Insured: 10K to 75K
|
Bajaj Allianz Corona Kavach Policy |
Coverage Benefits
- Room Rent Cover
- Covid-19 Cover
- AYUSH Treatment
Eligibility Criteria
Entry Age: Up to 65 Years
Sum Insured: 50K to 5 Lakhs
|
Bajaj Allianz Global Health Care |
Coverage Benefits
- Daily Cash Benefit
- Rehabilitation Cover
- Daycare Treatment Cover
Eligibility Criteria
Entry Age: 18 Years to 65 Years
Sum Insured: 37.5 Lakh to 3.75 Crore (Domestic Limit) 10K USD to 10 Lakhs USD (International Limit)
|
Bajaj Allianz My Health Care Plan 1 |
Coverage Benefits
- OPD Benefit of 2x Premium
- Baby Care Cover
- Maternity Cover
Eligibility Criteria
Entry Age: 3 Months to 80 Years
Sum Insured: 3 Lakhs to 5 Crore
|
Bajaj Nidan Swasthya Bima Policy |
Coverage Benefits
- HIV/AIDS Coverage
- Mental Illness Cover
- Disability Cover
Eligibility Criteria
Entry Age: Up to 65 years
Sum Insured: 4 Lakhs to 5 Lakhs
|
Bajaj Star Package |
Coverage Benefits
- Hospital Cash Benefit
- Daycare Treatments
- Organ Donor
Eligibility Criteria
Entry Age: 3 Months to 65 years
Sum Insured: 1.5 Lakhs to 1 Crore
|
Bajaj Allianz Health Care Supreme |
Coverage Benefits
- Daycare Treatment
- Pre and Post Hospitalization
- New Born Baby Cover
Eligibility Criteria
Entry Age: 3 Months to 65 years
Sum Insured: 5 Lakhs to 50 Lakhs
|
Bajaj Allianz Health Ensure |
Coverage Benefits
- Daycare Treatment
- Preventive Health Checkups
- Organ Donor
Eligibility Criteria
Entry Age: 3 Months to No Limit
Sum Insured: 50K to 10 Lakhs
|
Bajaj Allianz Hospital Cash Daily Allowance |
Coverage Benefits
- Hospital Daily Cash
- Lifetime Renewal
- Multiple Premium Payment Term
Eligibility Criteria
Entry Age: 3 Months to 65 years
Sum Insured: 500 per day to 2.5K per day
Critical Illness Health Insurance
|
Bajaj Allianz Critical Illness Plan |
Coverage Benefits
- 100% Payout
- 12 Critical Illnesses Covered
- Multiple Sum Insured Option
Eligibility Criteria
Entry Age: 6 Years to 65 years
Sum Insured: 1 Lakh to 50 Lakhs
|
Bajaj Allianz Criti Care |
Coverage Benefits
- 43 Critical Illnesses Covered
- Lifetime Renewal
- Lumpsum Payout
Eligibility Criteria
Entry Age: 18 Years to 65 years
Sum Insured: 1 Lakhs to 50 Lakhs
|
Bajaj Allianz Critical Illness Plan |
Coverage Benefits
- 8 Critical Illnesses Cover
- Congenital Disability Benefit
- Loss of Job Coverage
Eligibility Criteria
Entry Age: 21 Years to 65 years
Sum Insured: 50K to 2 Lakhs
Personal Accident Insurance
|
Bajaj Allianz Global Personal Guard |
Coverage Benefits
- Ambulance Cover
- Travel Expenses
- Adventure Sports
Eligibility Criteria
Entry Age: 3 Months to 70 Years
Sum Insured: 50K to 25 Crore
|
Bajaj Allianz Personal Accident Plan |
Coverage Benefits
- Permanent Total Disability
- Temporary Disability
- Accidental Hospitalization
Eligibility Criteria
Entry Age: 5 Years to 65 Years
Sum Insured: Up to 25 Lakhs
|
Bajaj Allianz Sankat Mochan |
Coverage Benefits
- Permanent Total Disability
- Temporary Disability
- Accidental Hospitalization
Eligibility Criteria
Entry Age: 5 Years to 65 Years
|
Bajaj Allianz Loan Care |
Coverage Benefits
- Personal Accident Cover
- Daily Allowance Cover
- Children’s Education Benefit
Eligibility Criteria
Entry Age: 18 Years to 65 years
Sum Insured: 60 times of your monthly income
|
Bajaj Allianz Saral Suraksha |
Coverage Benefits
- Death Benefit
- Permanent Total Disablement
- Permanent Partial Disablement
Eligibility Criteria
Entry Age: 18 Years to 70 years
Sum Insured: 2.5 Lakhs to 1 Crore
Senior Citizen Health Insurance
|
Bajaj Allianz Silver Health |
Coverage Benefits
- Road Ambulance
- Daycare Treatment
- Preventive Health Checkups
Eligibility Criteria
Entry Age: 46 Years to 80 Years
Sum Insured: 50K to 10 Lakhs
|
Bajaj Allianz Tax Gain |
Coverage Benefits
- Modern Treatment
- Cataract Treatment
- Free Health Checkup
Eligibility Criteria
Entry Age: 18 Years to 75 Years
Sum Insured: 1 Lakhs to 3 Lakhs
Group Health Insurance
|
Bajaj Allianz Silver Health |
Coverage Benefits
- Road Ambulance
- Daycare Treatment
- Preventive Health Checkups
Eligibility Criteria
Entry Age: 46 Years to 80 Years
Sum Insured: 50K to 10 Lakhs
|
Bajaj Allianz Micro Care Accident and Hospital Cash Policy |
Coverage Benefits
- Funeral Expense
- Education Bonus
- Hospital Daily Cash
Eligibility Criteria
Entry Age: 18 Years to 70 Years
Sum Insured: 1K to 25K
Why Choose Bajaj Allianz Health Insurance?
There are many strong reasons why you should consider choosing Bajaj Allianz Health Insurance as your preferred health insurance provider. Let's explore the key factors that make Bajaj Allianz Health Insurance a reliable option:
Reputation and Experience
Bajaj Allianz Health Insurance is a well-established company with a strong reputation in the insurance industry. It is a joint venture between Bajaj Finserv Limited, a trusted financial services company in India, and Allianz SE, a global insurance leader. With over two decades of experience, Bajaj Allianz Health Insurance brings expertise and reliability.
Comprehensive Coverage Options
Bajaj Allianz Health Insurance offers various health insurance plans to cater to different needs and budgets. Whether you are an individual, a family, or a senior citizen, customised plans are available to provide comprehensive coverage for medical expenses, hospitalization, critical illnesses, and more.
Cashless Hospitalization Network
Bajaj Allianz Health Insurance has an extensive network of empanelled hospitals across India. This allows policyholders to avail themselves of cashless hospitalization, wherein the insurer settles the medical bills directly with the hospital.
Online Portal and Mobile App
Bajaj Allianz Health Insurance offers a user-friendly online portal and mobile app for managing your health policy. You can renew policies, file claims, track claim status, and access policy documents conveniently.
Wellness Programs
Bajaj Allianz Health Insurance promotes a holistic approach to health care by providing wellness benefits. These programs provide access to preventive health checkups, wellness rewards, and discounts for participating in these programs. By focusing on wellness, Bajaj Allianz encourages policyholders to manage their health and proactively prevent diseases.
Customer Service
Bajaj Allianz Health Insurance provides customer support through various channels, including phone, email, and online chat, ensuring you receive assistance whenever needed.
Bajaj Allianz Health Insurance Premium Calculator
Bajaj Allianz Health Insurance Premium Calculator is a free online tool for calculating the premium amount for various Bajaj Allianz health insurance plans. You must enter a few details such as age, name, and sum insured amount to calculate the premium amount. Here are some of the factors that can affect the premium:
- Age of the policyholder
- Medical history of the policyholder
- Sum insured amount
- Type of plan
- Add-on riders
- Lifestyle of the policyholder
- Policy Tenure
Bajaj Allianz Health Insurance Add-on Riders
Bajaj Allianz Health Insurance offers several add-on riders that policyholders can choose from to enhance their coverage. These riders provide additional benefits and can be added to the base health insurance plan depending on individual needs. Here are some of the commonly available add-on riders offered by Bajaj Allianz:
Non-Medical Expense Rider
Under this rider, the company will pay the Non-consumable medical expenses if the insured is hospitalized. This rider is only available with sum insured options of INR 5 lakhs and above. Policyholders can add this optional rider to their health plans by paying some additional premium.
Health Prime Rider
The Health Prime Rider is an optional rider that can be added to an existing health insurance policy by paying an extra premium. It offers coverage for wellness benefits, OPD expenses, and cashless hospitalization expenses and is eligible for tax benefits under Section 80D of the Income Tax Act.
Respect-Senior Care Rider
This rider is for senior citizens (above 50 years of age) and aims to provide timely care and assistance. It offers various services, such as SOS alert, doctor on call, physiotherapy service at home, 24x7 ambulance service, etc.
Bajaj Allianz Health Insurance Exclusions
Below are the standard conditions not covered under Bajaj Allianz Health Insurance plans, but they may vary from plan to plan.
- Plastic Surgery
- Sexually transmitted diseases (STDs) like HIV
- Suicide or attempted suicide
- Alcohol or drug abuse
- Intentional/self-inflicted injury
- Cosmetic Surgery
- Breach of law with criminal intent
- Insanity or venereal disease
- Weight reduction treatment
- Injuries happened due to participation in adventurous sports
- Medical expenses incurred due to war or similar conditions
Bajaj Allianz Health Insurance Buying Process
The policyholders can buy an Bajaj Allianz Health Insurance plan from the official website of Bajaj Allianz Health Insurance and "RenewBuy.com". Below are both the buying processes for Bajaj Allianz Health Insurance plans:
Buy from "RenewBuy.com"
- Visit the official website of "RenewBuy".
- Click on the "Health Insurance Plan" tab.
- Select the desired plan.
- Fill in all the required details.
- Click on the "Buy Now" button.
- Make payment.
- We will send the policy documents to your registered email ID.
Buy from the official website of Star Health Insurance
- Visit the "Bajaj Allianz Health Insurance" official website.
- Click on the "Products" button from the header menu.
- Then, click on the “Health Insurance Policy” button and then click on the “Health Products” button.
- Select your desired Bajaj Allianz Health Insurance plan.
- Fill out the form that shows on the next page.
- Click on the "Buy Now" button
- A pop-up will show you the plan details and the add-on rider information.
- Click on the "Proceed to Buy" button.
- Make an online payment, and the insurance company will send the policy documents to your registered email address.
Why Buy Bajaj Allianz Health Plans From RenewBuy?
RenewBuy brings you the best deals on Bajaj Health Insurance plans across the market. The key reasons for you to consider us are as follows:
- IRDAI Certified
- Get Insured by a leading Insurer
- Discounted Premiums
- Compare Various Health Plans in Just a few Clicks
- Simple & Easy Buying Process
- 24x7 Claim Assistance.
How can the Bajaj Allianz Health Insurance Policy be Renewed?
To renew your Bajaj Allianz Health Insurance policy, you can follow these general steps:
-
Visit the Bajaj Allianz Health Insurance Website
-
Click on the "Renew" section from the header on the homepage.
-
Then, click on the “Renew Now” button.
-
Provide the necessary information to identify your policy. This may include your policy number, date of birth, and captcha.
-
Then, click on the “View premium details” button.
-
Proceed to the payment section and choose your preferred payment method.
-
After successful payment, you will receive a confirmation of your policy renewal. This may be in the form of an email, SMS, or downloadable document. Keep this confirmation for your records.
-
Bajaj Allianz Health Insurance may provide the renewed policy documents and other information to your registered email address. You can download and save these documents for future reference.
Bajaj Allianz Health Insurance Claim Process
Bajaj Allianz Health Insurance recognizes this and strives to make the claims process as smooth and efficient as possible. Bajaj Allianz provides two types of claim processes: cashless claim process and reimbursement claim process. Below, we have explained both the claim processes in detail. The claim processes for Bajaj Allianz Health Insurance generally involves the following steps:
Cashless Claim Process
- Intimate the Bajaj Allianz Health Insurance about your hospitalization by calling their toll-free number or contacting them through the Bajaj Allianz customer portal app.
- Visit any Bajaj Allianz Health Insurance network hospital for treatment.
- The Bajaj Allianz team will verify if the chosen hospital is part of their cashless network.
- The hospital will submit the required documents (medical reports, bills, etc.) to Bajaj Allianz for claim processing.
- Bajaj Allianz will settle the bill directly with the hospital upon claim approval.
- The cashless claim will be approved within 60 mins.
Reimbursement Claim Process
- Inform Bajaj Allianz Health Insurance about your hospitalization through the Bajaj Allianz customer portal app, email, or call their customer service number.
- To file a reimbursement claim, you must submit all hospitalization-related documents within 15 days of discharge.
- After reviewing the submitted documents, the company will approve the claim.
- Then, Bajaj Allianz Health Insurance will release the reimbursement claim amount in 7 working days.
Documents Required for Filing Bajaj Allianz Health Insurance Claim
Below are the required documents that you need to submit while filing a Bajaj Allianz reimbursement claim:
- KYC form
- Lab and test reports
- Paid receipts (original)
- Discharge summary of the patient (original)
- Hospital bill, with a detailed break-up of the costs (original)
- First consultation letter from a doctor
- NEFT form, filled and signed by the policyholder/ proposer
- Copies of invoices/ stickers/ barcodes in case of implants
Bajaj Allianz Health Insurance Contact Details
Here are the contact details for Bajaj Allianz Health Insurance:
Address: Bajaj Allianz House, Airport Road, Yerawada, Pune-411006
Toll-Free Number: 1800-209-0144 | 1800-209-5858
Email ID: [email protected]
For Senior Citizens: [email protected]
Fax no: 020-30512246
