Bajaj Allianz Global Personal Guard

The Bajaj Allianz Global Personal Guard Policy is innovative insurance designed to give you extensive coverage in the event of death or a partial or total disability. This must be the result of an unforeseen accident. Most importantly, this plan gives coverage of accidents outside India's geographical region, thanks to its global scope.

Bajaj Allianz Global Personal Guard Policy: Key Highlights

Coverage Offered

The Bajaj Allianz Global Personal Guard offers 100/60 times of gross monthly income as per the cover chosen.

Base Cover: This includes death, permanent total disability, and permanent partial disability.

Optional Cover: The policy has 12 optional covers. They are available on the payment of an additional premium.

• Accidental Hospitalization expenses
• Coma due to accidental bodily injury
• Fracture Care Optional Cover
• Adventure Sports Benefit
• Travel expenses benefit
• Air Ambulance Cover
• Road ambulance cover
• Children Education Benefit
• Hospital Cash Benefit
• Loan Protector
• EMI payment cover
• Loss of income because of accident-induced disability

Inclusions of the Policy

Bajaj Allianz Health Insurance Policy includes the following essential aspects of medical treatment:

Hospitalization Expenses: This covers the costs incurred during the hospitalization period. This hospitalization has to be the result of an accidental injury.

Adventure Sports:  If there is an accident while performing adventure sports under supervision, Bajaj Allianz health insurance will cover the loss and disability that resulted from the accident.

Fracture Cases: The Bajaj Allianz Global Personal Guard Insurance Policy covers the expenses in treating a fracture caused by accident.

Emergency Ambulance Cover: Provides coverage for air and road ambulance expenditure in case of an emergency.

Travel Expenses: If you are hospitalized away from your residence due to an accident, the insurance will cover a family member's travel expenses.

Exclusions of the Policy

The Bajaj Allianz Global Personal Guard health insurance will not cover the following scenarios where accidents, injuries, or hospitalization is caused due to:  

• Suicide or attempted suicide or self-inflicted illness
• Liquor/drugs' influence.
• Participation in any unlawful, criminal activity
• Aviation or ballooning other than a passenger aircraft
• Motor vehicle during motor racing or trial runs
• Any curative treatments/interventions
• Army operations or military exercises
• Sexually transmitted or venereal diseases, HIV/AIDS
• Pregnancy, childbirth, miscarriage, abortion, or complications arising from the same, etc.

The detailed list will be available in the product brochure or the policy document.

Features and Benefits of the Bajaj Allianz Global Personal Guard Policy

Alongside the primary coverage provided, this Bajaj Allianz Health Insurance policy has the following beneficial features:

• An optional cover protects from medical expenditure if you're hospitalized due to an accident for a minimum of 24 hours or availed any of the mentioned day-care procedures. In this case, pre-and post-hospitalization are also covered.
• There is an optional cover against death and permanent due to participation in non-professional adventure sports performed under supervision.
• There is a provision of children's education benefits. This is an optional cover that provides coverage for any dependent children's education expenses in case of the insured's permanent disability or accident.
• This optional cover ensures active EMI for three months in case of permanent partial disability due to an accident (following policy terms).
• There is an optional hospital cash benefit, wherein the insured is admitted because of an accidental injury, he/she will receive a daily benefit amount up to 60 days.
• The Bajaj Allianz Global Personal Guard plan has a unique loan protector feature. You can receive an amount corresponding to the balance amount of your loan that is outstanding (according to what is specified in the policy and up to the Sum Insured selected under this optional cover).

Eligibility Criteria of Bajaj Allianz Global Personal Guard Policy

The policy comes with the following eligibility criteria, which one has to be fulfilled:

Note: If the proposer is unemployed, he/she cannot be eligible for the Global Personal Guard Policy.

Cancellation Rules of the Policy

The policy can be cancelled by providing a written notice within 15 days, provided no claim is made. In that case, the insurance company will refund a pro-rata premium for the unexpired policy period. However, the policy cannot be canceled under normal circumstances except for misrepresentation, fraud, non-disclosure of material facts, or your non-cooperation.

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