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Health Insurance

Cheap Health Insurance

HealthGuard

Key Features

An All-rounder Health Cover to Guard Your Family

Coverage Highlights

Get comprehensive coverage for your health
  • Choose from Best of Plans

Choose from multiple plans to meet your requirements

  • Wide Sum Insured Options

Select adequate sum insured that suits you starting INR 3 lacs to INR 1 crore

  • Unlimited Reinstatement Benefit & Recharge

Get the option of unlimited reinstatement of sum insured even after it is exhausted after claims

  • Maternity & Newborn Care

Medical expenses related to delivery of baby and towards treatment of the new born baby are covered under select plans

  • Preventive Health Check-Up

Start receiving annual preventive health check-ups after 2/3 policy renewals as per the chosen plan

  • Online Discount

Get flat 5% discount when you buy a policy on our website or our Caringly Yours app

  • Zone Discount

Avail discounts of 20% for Zone B and 30% for Zone C depending on where you live

  • Fitness Discount & Wellness Discount

Avail up to 12.5% wellness discount for healthy habits on renewal

  • Note

Please read policy wording for detailed terms and conditions

Inclusions

What’s covered?
  • Save 10% and 15% on premiums if 2 or 3 members sign up for a plan respectively

Enrol more members to lower the premium amount

  • Save 20% on premiums if you opt for co-payment option

Paying a certain percentage of the medical bills from your own pocket further helps you avail discounts

  • Long term policy savings of 4% for 2 years and 8% for 3 years

Opting for a long policy tenure results in further savings

  • Get tax benefits on premiums paid under section 80D of Income Tax Act, 1961

The premiums paid qualify for tax exemption under section 80D

  • Get free preventive check-up every 3 years, irrespective of the number of claims made

Know the present condition of your body through a comprehensive check-up at our expenses

  • Get 10% cumulative bonus, maximum up to 100% for every claim free year

Raises the sum insured at no extra premium to help tackle rising medical costs

  • Note

Please read policy wording for detailed terms and conditions

Exclusions

What’s not covered?
  • 01

Cosmetic treatments

  • 02

Dental treatments (non-traumatic)

  • 03

Treatment expenses for specified illnesses, including hernia, gout, endometriosis, and cataract are excluded until 24 months from date of your first Health Guard Policy

  • Note

Please read policy wording for detailed exclusions

Additional Covers

What else can you get?
  • Air Ambulance Cover (Available for SI 5 Lacs & Above)

Covers expenses incurred for rapid ambulance transportation to the nearest hospital in an airplane or helicopter from the first incident site of illness or accident during policy period

  • Voluntary Aggregate Deductible

Covers medical expenses for in-patient hospitalisation beyond the voluntary aggregate deductible limit (INR 50,000/ INR 1,00,000/ INR 2,00,000/ INR 3,00,000) as opted as per policy terms for in-patient hospitalisation treatment

  • Health Prime Rider

Coverage for in-person or online doctor consultation, dental wellness, emotional wellness, and diet & nutrition consultations as per the chosen plan

  • Respect Rider (Senior Care)

Senior citizens can avail emergency assistance with services such as SOS alert, doctor on call, and 24x7 ambulance service

  • Room Capping Waiver

Removes the room type restriction of "up to single private air-conditioned room" for Health Guard Gold and Platinum plans and provides coverage for actual room rent expenses without a limit

  • More Add-Ons

Explore more add-ons to enhance coverage

Affordable Health Insurance Plans in India 

Finding affordable and cheapest health insurance in India is important. These plans cater to individuals and families seeking comprehensive coverage at budget-friendly premiums. These plans typically offer basic to moderate coverage for hospitalisation, outpatient treatments, and sometimes pre-existing conditions. They are designed to provide financial protection against unexpected medical expenses without burdening the policyholder financially.

The cheapest health insurance in India often comes with limitations, such as sub-limits on certain medical expenses or co-payment requirements. These are ideal for individuals looking to secure essential healthcare services without compromising quality, ensuring peace of mind during health emergencies while managing costs effectively.

Benefits You Deserve

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Wide coverage

Choose your coverage as per your requirement

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Wellness Discount

Stay fit during the policy year and enjoy 12.5% discount on renewal

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Reinstatement Benefits

Unlimited reinstatement of the sum insured upto 100% SI after its depletion

At-A-Glance

Compare Insurance Plans Made for You

Plans
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Health Guard Silver

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Health Guard Gold

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Health Guard Platinum

Hospital & Day Care SI INR 1.5/ 2 Lacs INR 3 Lacs to INR 50 Lacs INR 5 Lacs to INR 1 Cr.
Room Limits Up to 1% of SI per day and ICU at actuals Single private AC room for sum insured of SI 3 Lacs to 7.5 Lacs | Actuals for SI 10 Lacs & above | ICU at Actuals Single private AC room for sum insured of SI 3 Lacs to 7.5 Lacs | Actuals for SI 10 Lacs & above | ICU at Actuals
Pre- & Post-Hospitalisation Pre: 60 days & Post: 90 days Pre: 60 days & Post: 90 days Pre: 60 days & Post: 90 days
Organ Donor, AYUSH, Modern Treatments Up to sum insured Up to sum insured Up to sum insured
Road Ambulance INR 20,000/policy year INR 20,000/policy year INR 20,000/policy year
Preventive Check-Up 1% of SI (max up to 2,000) once in 3 years 1% of SI (max up to 5,000) once in 3 years 1% of SI (max up to 5,000) once in 2 years
Maternity & Newborn Care Not covered As per limits specified As per limits specified
Convalescence Benefit INR 5,000/policy year INR 5,000/policy year for sum insured up to INR 5 lacs | INR 7,500/policy year for sum insured of 7.5 lacs and above INR 5,000/policy year for sum insured up to INR 5 lacs | INR 7,500/policy year for sum insured of 7.5 lacs and above
Sum Insured Reinstatement 100% of the base sum insured 100% of the base sum insured 100% of the base sum insured
Wellness Discount Up to 12.5% wellness discount for healthy habits on renewal Up to 12.5% wellness discount for healthy habits on renewal Up to 12.5% wellness discount for healthy habits on renewal
More Covers See Policy documents for more details

Types of Affordable Health Insurance Plans 

Here are the various types of affordable health insurance plans that cater to different needs:

Types

What it Covers

Individual Health Insurance

Provides coverage for medical expenses of a single person, including hospitalisation and treatments.

Family Floater Health Insurance

The entire family (spouse, children, parents) is covered under a single policy with a shared sum insured.

Senior Citizen Health Insurance

Specifically designed for individuals above 60-65 years, offering coverage for age-related health issues.

Critical Illness Insurance

Offers a lump-sum payment if diagnosed with specified critical illnesses like cancer or heart attack.

Group Health Insurance

Covers a group (e.g., company employees) under a single policy, providing healthcare benefits.

Top-up Health Insurance

Provides additional coverage at a lower premium once the basic sum insured is exhausted.

Personal Accident Cover

Provides compensation for death, disability, or injury due to an accident, often irrespective of location.

Maternity Health Insurance

Covers expenses related to pregnancy, childbirth, and post-natal care, including complications.

Mediclaim Insurance

Reimburses hospitalisation expenses incurred due to illness or injury, subject to policy terms.

Disease-specific Insurance

Covers specific illnesses like COVID-19 (e.g., Corona Kavach), offering tailored medical coverage.

Hospital Daily Cash Insurance

Pays a daily cash benefit during hospitalisation to cover incidental expenses unrelated to treatment costs.

Key Benefits of Bajaj Allianz Health Insurance 

For us here at Bajaj Allianz, nothing matters more than your satisfaction. That is why, instead of jumping on the cheap health insurance bandwagon, we have tailored our Health Insurance Plans to meet your unique needs at different stages of life. Offering you complete peace of mind, when you avail our policy, you get:

Quick Settlement of Claims 

On average, we approve your claims settlement in under an hour! Also, with our Claim by Direct Click (CDC) feature, available on our app, you can raise claims up to Rs 20,000 saving time and money.

Cashless and Carefree 

No matter where you are, our tie-up with the leading hospitals ensures you always find the one near you. With us, you can avail cashless treatment facilities at over 6000 hospitals across India.

24X7 Support 

Whenever you call us, you’ll always hear a warm voice on the other end of the line, including holidays. If you need help, all you need to do is call our Toll-free number 1800-209-5858 for claims assistance. You can also get regular updates on the status of your claim on the app.

Gamut of Policies 

Do you want a policy for yourself? Do you want comprehensive coverage for your entire family? Do you want to guard yourself against critical ailments or want to top-up your existing plan? We, at Bajaj Allianz, offer you a gamut of policies to meet your unique needs.

Offering you complete flexibility you can choose the sum insured, policy tenure and other features as per your requirements.

In-house Health Administration Team 

We deliver on our promise to settle your claims in the least possible time. Our dedicated in-house Health Administration Team sees your claim through to the finish (read settlement) line with Olympic style precision.

The team also takes care of any additional needs that you might have from time to time. Our aim, of course, is to make every second count when it comes to delivering on our promises!

Extensive Coverage 

From diagnosis to recovery, we are always by your side. Our policies cover pre- and post- hospitalisation expenses for 60 and 90 days respectively, offering coverage for day care treatment too. You also get cover for organ donor expenses, bariatric surgery, maternity expenses and Ayurvedic or homoeopathic hospitalisation.

Instant Renewal 

Renewing your health insurance policy online is faster than ever. Just log on to our website, fill up the required details, make the payment and continue enjoying its benefits.

We also offer lifelong renewal options so that you are covered throughout your life.

Download Policy Document

Get instant access to your policy details with a single click.

Factors That Affect the Premium Amount in India 

Understanding these factors empowers you to compare plans and find the most affordable health insurance:

●      Age: Generally, premiums increase due to higher healthcare risks associated with older demographics.

●      Location: Areas with higher medical costs or disease prevalence will have higher premiums.

●      Medical History: Pre-existing conditions can significantly impact your premium. Disclose all conditions accurately.

●      Sum Insured: The maximum coverage amount you choose directly affects the premium. A higher sum insured offers more protection but costs more.

●      Coverage Type: Comprehensive plans with pre- and post-hospitalisation coverage, OPD care, and critical illness coverage will have higher premiums than basic hospitalisation-only plans.

●      Deductible Option: Choosing a higher deductible lowers your premium but increases your out-of-pocket expense for claims.

What to Look for While Purchasing an Affordable Health Insurance Plan? 

While it is an important factor, it is not just the premium amount that should influence your decision. Like other important decisions in life such as choosing a career, choosing a life partner etc, buying Cheap Health Insurance Plans entails putting under the microscope the following:

Diseases Covered 

Warning! Myth Buster Ahead. Health insurance does not provide coverage for every disease.

You get hospitalised for a certain disease believing that the expenses would be taken care of by your health insurance plan, only to realise later that you need to dip into your savings for the costs incurred.

Therefore, it’s important to go through the policy minutely to know the medical ailments for which you get coverage.

Network Hospitals 

Medical emergencies often arrive unannounced and in such a scenario, getting the best possible treatment at a top-notch hospital near your home can make a major difference.

Before opting for a health insurance plan, do check out the network of hospitals covered by the policy where you can receive cashless treatment.

Also, check the claim settlement process to ensure funds are not the roadblock for receiving high-quality care.

Add-on Features 

Hospitalization expenses may be a major chunk of your medical bills, but there are other charges that have to be paid too.

These include doctor’s consultation fees, cost of reports, expenses related to pre- and post- hospitalisation and much more.

While buying a health insurance plan, it’s vital to understand the add-on features available with the policy. See if your policy offers cover for these expenses that can drain your finances.

How to Choose a Low-Cost Health Insurance Plan? 

Balancing affordability with adequate coverage is key. Here are some tips for choosing low-cost health insurance:

●      Assess Your Needs: Consider your age, health status, and potential medical risks to determine the level of coverage you need.

●      Compare Online Quotes: Get quotes from multiple insurers to compare coverage options and premiums.

●      Choose the Right Sum Insured: Avoid overspending, not under-insure. Choose a sum insured that covers your potential medical costs.

●      Consider Deductibles: Opting for a higher deductible can lower your premium, but it also ensures you can manage the out-of-pocket expense in case of a claim.
*Claims are subject to terms and conditions set forth under the health insurance policy.

●      Focus on In-Network Hospitals: Opting for cashless hospitalisation at network hospitals can help manage costs.

●      Review Exclusions Carefully: Understand what's not covered by your plan to avoid surprises during a claim.

Expand Your Coverage Today!

Respect Rider (Senior Care)

Tooltip text

Emergency assistance for senior citizens

Designed specifically for senior citizens

Starting from

INR 907 + GST

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Health Prime Rider

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Tele, In-Clinic Doctor Consultation and Investigation

Dental, Nutrition and Emotional Wellness

Starting from

INR 298 + GST

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Non-Medical Expenses

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Covers non-medical items

Items not typically covered in standard insurance plans

Starting from

8% of Premium

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Waiver of Room Capping

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Removes single room type restriction*

Covers actual room rent expenses without a cap

Starting from

2% of Premium

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Health Companion

Healthassessment

Track, Manage & Thrive with Your All-In-One Health Companion

From fitness goals to medical records, manage your entire health journey in one place–track vitals, schedule appointments, and get personalised insights

Healthmanager

Take Charge of Your Health & Earn Rewards–Start Today!

Be proactive about your health–set goals, track progress, and get discounts!

Healthassetment

Your Personalised Health Journey Starts Here

Discover a health plan tailored just for you–get insights and achieve your wellness goals

Healthmanager

Your Endurance, Seamlessly Connected

Experience integrated health management with us by connecting all aspects of your health in one place

What Makes Our Health Insurance Policy Affordable? 

●      Save 10% and 15% on premiums if 2 or 3 members sign up for a plan respectively. Enrol more members to lower the premium amount.

●      Save 20% on premiums if you opt for a co-payment option. Paying a certain percentage of the medical bills from your own pocket further helps you avail discounts.

●      Long term policy savings of 4% for 2 years and 8% for 3 years. Opting for a long policy tenure results in further savings.

●      Get tax benefits on premiums paid under section 80D of Income Tax Act, 1961. The premiums paid qualify for tax exemption under section 80D.

●      Get free preventive check-up every 3 years, irrespective of the number of claims made. Know the present condition of your body through a comprehensive check-up at our expenses.

●      Get 10% cumulative bonus, maximum up to 100% for every claim free year. Raises the sum insured at no extra premium to help tackle rising medical costs.

Step-by-Step Guide

To help you navigate your insurance journey

How to Buy

  • 0

    Visit Bajaj Allianz website

  • 1

    Enter personal details

  • 2

    Compare health insurance plans

  • 3

    Select suitable coverage

  • 4

    Check discounts & offers

  • 5

    Add optional benefits

  • 6

    Proceed to secure payment

  • 7

    Receive instant policy confirmation

How to Renew

  • 0

    Login to the app

  • 1

    Enter your current policy details

  • 2

    Review and update coverage if required

  • 3

    Check for renewal offers

  • 4

    Add or remove riders

  • 5

    Confirm details and proceed

  • 6

    Complete renewal payment online

  • 7

    Receive instant confirmation for your policy renewal

How to Claim

  • 0

    Notify Bajaj Allianz about the claim using app

  • 1

    Submit all the required documents

  • 2

    Choose cashless or reimbursement mode for your claim

  • 3

    Avail treatment and share required bills

  • 4

    Receive claim settlement after approval

How to Port

  • 0

    Check eligibility for porting

  • 1

    Compare new policy benefits

  • 2

    Apply before your current policy expires

  • 3

    Provide details of your existing policy

  • 4

    Undergo risk assessment by Bajaj Allianz

  • 5

    Receive approval from Bajaj Allianz

  • 6

    Pay the premium for your new policy

  • 7

    Receive policy documents & coverage details

Insurance Samjho

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KAJNN

Critical Illness Insurance

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Health Claim by Direct Click

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Personal Accident policy

KAJNN

Global Personal Guard Policy

Claim Motor On The Spot

Two-Wheeler Long Term Policy

24x7 Roadside/Spot assistance

Caringly Yours (Motor Insurance)

Travel Insurance Claim

Cashless Claim

24x7 Missed Facility

Filing a Travel Insurance Claim

My Home–All Risk Policy

Home Insurance Claim process

Home Insurance Simplified

Home Insurance Cover

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  • Proactive coverage for future milestones
  • Expert advice tailored to your profile
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What Our Customers Say

Easy online buying of health insurance policy with no manual intervention required.

alt

Sundar Kumar

Mumbai

5.0

27th Jul 2020

Bajaj Allianz very informative and helpful representatives.

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Pooja

Mumbai

5.0

27th Jul 2020

The policy issue was very quick and simple. User friendly interface.

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Nidhi Sura

Mumbai

5

3rd Apr 2020

FAQs

What is the Health CDC?

Health Claim on Direct Click (CDC) simplifies claim initiation and tracking via an app. Policyholders can easily claim medical expenses up to ₹20,000 through this feature.

What is family floater health insurance?

Family Floater Health Insurance is a single policy that covers the entire family under one sum insured. Instead of individual limits, the insured amount is shared among all members. For example, if a ₹10 lakh policy covers four members, any one person or multiple members can use up to ₹10 lakh collectively in a year.

What is senior citizen health insurance?

Senior Citizen Health Insurance is designed for individuals above 60, covering age-related medical conditions and treatments. It offers a higher sum insured, pre-existing disease coverage after a waiting period, and specialised elderly care. Policyholders can choose from multiple sum insured options based on their needs.

What are the tax benefits on health insurance?

Under Section 80D, individuals can claim tax deductions on health insurance premiums for themselves, their families, and parents. The maximum deduction is ₹25,000 per year for those under 60, covering self, spouse, and children. For senior citizens, this limit increases to ₹50,000. If paying for senior citizen parents’ insurance, an additional ₹50,

What is the waiting period in health insurance?

The waiting period in health insurance is the time an insured must wait before certain claims become valid. It varies by policy and applies to pre-existing diseases, maternity benefits, and specific treatments. Typically ranging from 30 days to four years.

How to reduce health insurance premiums?

To reduce health insurance premiums, choose a higher deductible, opt for family floater plans, and maintain a healthy lifestyle. Buying policies at a younger age, selecting long-term plans, and comparing insurers for the best rates also help. Additionally, using the No Claim Bonus (NCB) and opting for co-payment options can significantly lower prem

What is the cumulative bonus in health insurance?

A cumulative bonus in health insurance is a reward for not making claims during a policy year. With this bonus, your sum insured can increase by 5% to 50% per claim-free year, without raising the premium.

Why is medical insurance necessary for your health?

Medical insurance provides financial protection against unexpected medical expenses, ensuring access to quality healthcare without depleting your savings.

How many dependent members can I add to my family health policy?

You can add your spouse, children, parents, and other dependents as per the policy terms, ensuring comprehensive family coverage.

Why should you compare health insurance plans online?

Online comparison helps you find the best plan that suits your needs and budget, offering a clear understanding of coverage and benefits.

Why should you never delay the health insurance premium?

Delaying premiums can result in policy lapse, losing coverage benefits and financial protection, and may lead to difficulties in renewing the policy.

How to get a physical copy of your Bajaj Allianz General Insurance?

Request a physical copy from the insurer or take a printout of the digital policy document received via email.

Is there a time limit to claim health cover plans?

Claims should be made within the stipulated time as per the policy terms to avoid rejection and ensure timely processing.

What exactly are pre-existing conditions in Health Insurance?

Pre-existing conditions are medical conditions you had before buying your Individual Health Insurance plan. Coverage for these might require waiting periods or exclusions. Be transparent about your health history.

How is the insurer going to pay my hospital bills?

Insurers cover hospital bills through reimbursement (you pay upfront and get reimbursed later) or cashless hospitalisation (insurer settles bills directly with network hospitals).

Are there any tax advantages to purchasing Health Insurance?

Individual Health Insurance premiums often qualify for tax deductions under Section 80D of the Income Tax Act (India).

Why should I need Personal Medical Insurance?

Personal medical insurance offers financial protection against unexpected medical expenses due to illness, accidents, or hospitalisation. It provides peace of mind and safeguards your savings.

How do I go about renewing health insurance plans?

Don’t stress the small things in life! The easiest and quickest way to renew your life insurance policy is by doing it online. Topping up your health cover gives you freedom from worrying about heavy medical expenses.

How is the health insurance renewal premium calculated?

We know that reading through the ponderous terms and conditions section of a health insurance policy isn’t always easy. So, here is the quick answer. Your renewal premium is calculated based on your age and coverage. As always, you can put the power of compounding to good use by investing in health insurance as early as possible.

Can I renew my expired health insurance policy?

Yes, of course. Life can get really busy and even things as important as renewing your health insurance plan can get side-lined. With Bajaj Allianz, we turn back the clock to give a grace period where you can renew your expired policy. For 30 days from the expiry date, you can still renew your health cover with ease. Now, you can run the race at yo

Can I renew health insurance online?

Absolutely! All you have to do to renew your health insurance is click or tap a few times! You can definitely renew health insurance policies online and also buy new policy for your family & friends click here to know more.

Will I be able to transfer my health insurance policy from another pro

Yes, as per IRDAI regulations, insurance portability between providers is allowed. This also includes transfer of benefits like Cumulative Bonus and credits relating to waiting period for pre-existing diseases.

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