Private insurer Bajaj Allianz General Insurance on Tuesday launched a Global Health Care product that opens up offshore remedy services for Indian prospects. It supplies cowl to the policyholder for deliberate in addition to emergency remedy exterior India.
Tapan Singhel, CEO and managing director, Bajaj Allianz General Insurance, mentioned there had been a rising demand from prospects for this type of cowl in order that they might have entry to one of the best of hospitals and finest docs for assembly their healthcare wants. They have been shopping for better of automobiles, properties and different merchandise and wished to do the identical for his or her healthcare wants and entry newer healthcare applied sciences and superior medical remedies.
This product was aimed toward HNIs, high executives, college students, dad and mom visiting youngsters overseas and leisure travellers who had buying energy and the need to get the very best advances in remedies, he mentioned.
Tobias Meckert, regional head of gross sales and distribution, worldwide well being, Allianz Partners Asia Pacific, mentioned there was an enormous demand from the Indian subcontinent for accessing healthcare overseas. There was a rising development of Indians going to the US, Canada, Singapore, Australia and Dubai for remedy, he mentioned.
Bajaj Allianz General Insurance has collaborated with Allianz Partners for designing the product, utilizing the Allianz world community, know-how platform and declare settling capabilities. Allianz has a million service suppliers in its community in 195 international locations.
This product was completely different from journey insurance coverage, which gave cowl just for restricted days and didn’t cowl all facets of medical care. The product allowed for seamless remedy in India and abroad.
The product is accessible as Imperial Plan and Imperial Plus Plan, and each provide worldwide and home covers with advantages like in-patient hospitalisation, day care procedures, palliative care, medical repatriation, air ambulance, residing donor medical prices, fashionable remedy strategies, technological development and psychological sickness.
The premium begins from `39,432 excluding GST and the sum insured ranges from `37,50,000 to `3.75 crore for home protection and corresponding worldwide protection from $100,000 to $1 million. Policyholders have the choice to decide on between worldwide cowl, together with the US and worldwide cowl excluding the US.
Source: www.financialexpress.com”