Bajaj Allianz M-Care Health Insurance Policy

Bajaj Allianz M-Care Health Insurance Policy

A comprehensive health insurance policy is needed to cover medical expenses during a health emergency and benefit from good quality healthcare.  Bajaj Allianz M-Care Health Insurance Policy from Bajaj Allianz General Insurance Co Ltd. is a complete protection solution for taking care of the most common vector-borne ailments. Vector-borne diseases account for a large chunk of infectious diseases, with mosquitoes being the most common carrier.

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The Bajaj Allianz M-Care Health Insurance policyholder can avail of cashless treatment from any of the listed network hospitals. The policy acts as a safety net and ensures his financial security during a medical emergency.

Bajaj Allianz M-Care Health Insurance: Key Highlights

Coverage Offered

If the Insured is diagnosed to be suffering from any one of the listed 7 Vector-Borne diseases during the policy period, the Insurer will pay a single, lump-sum benefit, to the policyholder, as per the conditions specified in the Policy document.

There are 7 vector-borne diseases covered under this policy:

• Malaria
• Zika Virus
• Chikungunya
• Dengue Fever
• Kala Azar
• Filariasis
• Japanese Encephalitis

Inclusions of the Plan

Other than the basic coverage, the following benefits are included under the Bajaj Allianz M-Care Health Insurance Policy.

• Access to a cashless facility (subject to cashless authorization and limit of benefits)
• Sum insured options available from Rs 10,000 to Rs 75,000
• Lump-sum benefit available if the insured person is diagnosed to be suffering from any of the listed Vector-Borne diseases

Exclusions of the Plan

The following are not covered under the plan:

• Any disease or treatment not related to the vector-borne diseases as listed for the coverage is not covered.
• A 60-days waiting period for any pre-existing illnesses for which any treatment was taken prior to the purchase of the M-Care Health Insurance Policy.
• Hospitalization below 24 hours is not considered.
• A 60-days cooling-off period for the same vector disease if policy renewal is done within 60 days of the last paid claim date.
• Diagnosis and treatment taken abroad are excluded. However, this condition is not applicable in the following countries: New Zealand, Singapore, Japan, Canada, Dubai, Switzerland, the USA, Malaysia, European Union countries, and Hong Kong.

Features & Benefits of the Bajaj Allianz M-Care Health Insurance Policy

Given below are the main features and benefits of the Bajaj Allianz M-Care health insurance policy:

• Lifetime renewal benefit is offered under this policy.
• This is an annual policy that offers coverage for all the family members.
• Free-look period of 15 days is applicable where the insured can cancel the policy.
• On purchasing the policy from the insurer’s website, additional savings are offered.
• Multiple sum insured options are available to choose from

Eligibility Criteria

The minimum eligibility criteria to avail this policy include:

Cancellation of the Policy

Cancellation is possible by giving the insurance company at least 15 days' written notice, and if no claim has been made, then the premium shall be refunded on short term rates for the unexpired Policy Period.

Similarly, the Insurer can also cancel the policy on account of fraud or misrepresentation by the Insured person by giving a 15-days 'written notice, followed by a premium return on a short term rate basis.

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