Bajaj Allianz General Insurance launches 'Health Guard' insurance policy

Private sector non-life insurer, Bajaj Allianz General Insurance today said it has launched its redesigned comprehensive health insurance policy 'Health Guard' with the policy period extending to a maximum of three years.The policy tweaks the definition of family and offers coverage to parents, grandchildren, sister, brother, parents-in- law, aunt and uncle under a single policy, a company statement said.It offers reinstatement of sum insured for the same disease in the policy period. It also offers unique feature of convalescence benefit, wherein a lump sum amount is paid to take care of nutritional supplements, support equipment and so on, required for longer admissions of more than ten days, it added.The premium in the policy also differs depending on the city of residence of the insured.

"With this comprehensive health guard policy, an individual including his/her entire extended family now has an access to newer covers that cater to every possible health condition that they may face, at an affordable price," Bajaj Allianz General Insurance head-health insurance, Abhijeet Ghosh said."Besides, we have introduced differential pricing, customers in smaller towns and cities will have to pay less premium when compared to those living in metro cities, where medical treatment is more expensive. Therefore our customers will now pay the premium that will commensurate to the cost of treatment he/she is exposed to in case of a medical exigency," he added.The new policy has also increased the entry age limit for dependent children till 30 years against the previous limit of 25 years. Also the cover for dependent children can now be renewed till 35 years, which takes care of the health expenses at higher age if the child is still dependent on parents. Additionally, the product offers wide range of coverages such as maternity and new born baby coverage, road ambulance, organ donor expenses, daily cash benefit for accompanying an insured child, preventive health check-ups and ayurvedic /homeopathic hospitalisation expenses, the statement said.