Different Types of Medical Insurance Plans Available in India
Jul 21, 2020

Types of Health Insurance in India

Health insurance is a type of insurance product that provides you with financial stability in the event of any medical emergency.

A typical health insurance plan covers you for:

  • Pre & post hospitalization charges
  • Doctor's consultation fees
  • Ambulance charges
  • In-hospital expenses
  • Accidental injury
  • Daycare procedures and more

Insurance companies have designed different types of health insurance plans for women, for critical illnesses, for senior citizens, for individuals, for families and offering extended coverage. The coverages offered by these different types of medical insurance plans are different.

There are many health insurance plans in the market that fulfil the discrete requirements of the customers. There is a whole range of health insurance products to choose from based on your needs. You can opt for buying multiple health insurance products as well, coupled with various add-ons that can enhance the coverage of your basic health insurance plan.

Here are the different types of health insurance plans offered by Bajaj Allianz that might be beneficial for you or your loved ones:

Individual Health Insurance Plan

This health insurance is beneficial for an individual and offers SI (Sum Insured) options ranging from INR 1.5 lakhs and INR 50 lakhs. Following are some of the features and benefits offered by this policy:

  • Covers Pre & Post hospitalization expenses
  • Access to cashless medical treatment in 6000 + network hospitals
  • Covers ambulance charges
  • Covers expenses for all day care treatments
  • Bariatric surgery cover
  • Comes with an option of life long renewal
  • Tax benefit under section 80 D of the Income Tax Act

Health Guard Family Floater Plan
This health insurance plan is suitable for you if you want to cover not only yourself but also your entire family under a single health insurance plan. This plan comes with SI options ranging from INR 1.5 lakhs to 50 lakhs. Following are some of the features and benefits offered by this policy:

  • Covers Pre & Post hospitalization expenses
  • Cashless facility at over 6000+ network hospitals
  • Double downs as a newborn baby health insurance with coverage for maternity expenses
  • Covers expenses for all day care treatments
  • Lifelong renewal options available
  • Tax benefit under section 80 D of the Income Tax Act
  • Organ donor expenses covered

Critical Illness Insurance Plan
Critical Illness Insurance is a must-have insurance plan for everyone, considering the uncertainties that you face today. At Bajaj Allianz, we offer you coverage against the following 10 critical conditions:

  • Cancer
  • Coronary Artery Bypass Surgery
  • First Heart Attack (Myocardial Infarction)
  • Kidney Failure
  • Major Organ Transplant
  • Stroke
  • Aorta Graft Surgery
  • Primary Pulmonary Arterial Hypertension
  • Permanent Paralysis of Limbs

Key benefits offered by this plan are:

  • Donor expenses in a transplant surgery covered
  • Wide range of SI options
  • Lump sum payment on the diagnosis of the illness
  • Free look period of 15 days
  • Tax saving benefit under section 80 D of the Income Tax Act
  • Lifetime renewal facility

Silver Health Insurance plan
This health insurance for senior citizens is designed so that they can keep their hard-earned savings in reserve. The entry age for this plan is 46 years to 70 years, with a lifelong renewal option. Following are some of the features and benefits offered by this policy:

  • Covers pre & post hospitalization expenses
  • Cashless claim settlements at 6000 + network hospitals
  • Coverage offered for pre-existing illnesses from the second year of the policy
  • Ambulance charges covered
  • Family discount available
  • Quick settlement of claim - health CDC benefit, with our app - Insurance Wallet
  • Tax benefits under section 80 D of Income Tax Act

Extra Care Plus Policy
This is a multi-purpose health insurance policy devised by Bajaj Allianz, which can be bought standalone as well as an add-on with any of the base plan. This policy comes in handy when you have exhausted your existing SI of your base plan. Following are some of the features and benefits offered by this plan:

  • Pre & post hospitalization expenses
  • Organ donor expenses covered
  • In-patient hospitalization cover
  • Covers expenses for all day care treatments
  • Cashless facility at over 6000+ network hospitals
  • Free look period of 15 days
  • Maternity expenses covered

Global Personal Guard
This health insurance policy is beneficial for all the individuals and it comes with the maximum entry age of 70 years. Since it offers global coverage, this policy is also helpful when you are travelling abroad. Following are some of the features and benefits offered by this plan:

  • Single policy with 3 mandatory base covers and 12 optional add-on covers
  • Provides cover for adventure sport, air ambulance, EMI payment cover, disappearance and loan protector cover
  • The policy can be opted for 1, 2 & 3 years
  • Lifetime renewal option
  • Provides 360-degree protection from all possible outcomes of an accident

Critical Illness Cover for Women
This health insurance plan is specifically designed for women and covers the following 8 critical illnesses:

  • Ovarian cancer
  • Breast cancer
  • Vaginal cancer
  • Burns
  • Cervical cancer
  • Uterine cancer
  • Fallopian tube cancer
  • Paralysis/ multitrauma

Following are some of the features and benefits offered by this plan:

  • Tailor-made plan for women
  • Provides lump sum benefit amount
  • Lifetime renewal facility
  • Hassle free in-house claim process
  • Income tax benefit under section 80 D of the Income Tax Act

While these are some of the health insurance products, there are many more which you can check out on our website. Investing in a health insurance policy is the best investment that you can make. It not only gives you financial security but also gives you peace of mind that is much needed in case you have to face an unexpected medical emergency. Apart from these direct advantages, you also receive health insurance tax benefits under section 80D that help in long-term savings. It is best advised that you choose the health insurance plan wisely, keeping in mind your requirements and get the best health care services along with cashless facility at many of the network hospitals

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