With people touring incessantly or working throughout nationwide boundaries, the necessity for an efficient medical insurance resolution for native and international well being care has develop into crucial. In a bid to supply medical insurance protection the world over, Bajaj Allianz General Insurance in the present day introduced the launch of its distinctive medical insurance product ‘Global Health Care’. Bajaj Allianz Global Health Care is a complete medical insurance product that gives seamless cowl to the policyholder for deliberate in addition to emergency therapy availed from well being care suppliers Internationally (exterior of India) and domestically (inside India).
According to the corporate, the USP of the product is that it permits insured members to plan any therapy overseas or in India worry-free, thus availing the perfect medical services wherever throughout the globe. Bajaj Allianz General Insurance has collaborated with Allianz Partners to supply a seamless claims expertise to their policyholders by the corporate’s distinctive and intensive international well being care supplier community and high quality declare settling capabilities.
Global Health Care product presents one of many widest Sum Insured ranges accessible within the Indian market, which begins from Rs 37,50,000 to Rs 3,75,00,000 (USD 100,000 to USD 1,000,000). The product is accessible with two plans, specifically ‘Imperial Plan’ and ‘Imperial Plus Plan’, which provide each International and Domestic Covers. From the product perspective, the first differentiator between these plans is that the Imperial Plus Plan is a high-end variant with greater sum insured (SI) choices supplied together with enhanced options. The home cowl for ‘Imperial Plan’ and ‘Imperial Plus Plan’ gives In-Patient Hospitalization therapy, Pre and Post-Hospitalization Expenses with advantages like Ambulance (Air and Road), Day Care Procedures, Living Donor Medical Costs, Modern Treatment Methods & Technological Advancement, Mental Illness therapy and Rehabilitation amongst others. A supplementary function of the home cowl is that it additionally gives Ayurvedic/Homeopathic Hospitalization as a particular function. Further, throughout a therapy domestically, the affected person can select to decide to switch to the perfect worldwide services accessible for his/her ailment.
The worldwide cowl moreover gives advantages like Dental Cover (elective), inbuilt OPD cowl, and different enhanced options like In-Patient Cash Benefit, Palliative Care, Medical Repatriation,
Repatriation of mortal stays, lodging prices for one dad or mum staying with an insured baby, Air Ambulance and Medical Evacuation, and emergency therapy exterior space of canopy amongst others. The worldwide cowl additionally presents a voluntary deductible of Nil/USD 500/USD 1000 on an combination foundation which reduces the premium payable. These covers additionally present an in-built annual preventive well being check-up throughout every renewal cycle.
It, nonetheless, could also be famous that the product caters to Indians residing in India solely and therefore is just not accessible for NRIs. However, the product might be supplied to OCIs (Overseas Citizen of India) topic to their keep in India for a minimal interval of 180 days.
Commenting on the product launch, Tapan Singhel, MD & CEO, Bajaj Allianz General Insurance, mentioned, “We firmly believe that best in class medical care can increase life expectancy and improve quality of life. Many of us want to look at international treatment options for our loved ones and ourselves but we seldom opt for it considering the massive expenses foreseen, and it can potentially diminish the life savings of an individual. Our Global Health Care product addresses these exact reservations and provides you that relief in opting for best-in-class treatment anywhere in the world without worrying about the financial burden.”
“For international claims, we have collaborated with Allianz Partners, where our aim is to ensure that our citizens get access to the best medical facilities outside India as well and have a worry-free claim settlement experience. As a company, it has always been our endeavour to be there for our customers at every touchpoint and with our Global Health Care product, we are extending our care and protection that transcends borders,” he added.
Global Health Care presents policyholders the choice to decide on between Worldwide Cover together with USA and Worldwide Cover excluding the USA. This product is obtainable to Indians residing in India with a sum insured accessible on a person foundation for a coverage cowl interval of 1 yr. The entry age for grownup members is from 18 to 65 years and for dependent youngsters is from 3 months to 30 years with a lifetime renewal possibility. Cashless and Reimbursement declare settlement choices can be found within the Global Health Care product. The premium begins from Rs 39,432 excluding GST supplied with an EMI facility for the fee of the premium on a month-to-month, quarterly, half-yearly, or yearly foundation. An extra 5% low cost will likely be relevant if two or extra family members go for the coverage.
Source: www.financialexpress.com”