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14 Sep 2020

Bajaj Allianz Insurance Review

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Bajaj Allianz Insurance Company Review: Background and Overview-

Bajaj Allianz Insurance Company is an Indian private sector Insurance company, operating under Bajaj Allianz General Insurance Company and Bajaj Allianz Life Insurance Company, with its headquarters in Pune, Maharashtra. The company is a joint venture between Bajaj Finserv Limited and Allianz SE.
The company has several branches across the length and breadth of the country, with over 6500+ network hospitals.

Bajaj Allianz Insurance Company provides a wide array of insurance-related services, ranging from Bajaj health insurance, Bajaj Allianz life insurance, motor insurance, travel insurance, etc.
Given below is the elaborate list of various Insurance schemes offered-

Bajaj Allianz Insurance Company Review: Policies and schemes-

Before dwelling into the various insurance policies and schemes offered by Bajaj Allianz Insurance Company, let us start by understanding what insurance is-
Insurance is a formal contract between an Insurance Company (the insurer) and the individual applying for the insurance (the insured). The insured individual pays a monthly premium/ premium on a regular basis to the insurer, who in return promises to cover any potential financial losses, incurring in the future, upon arrival of the same. The sum insured can be covered as a whole (lump sum) or on a reimbursement basis.
NIn recent times, insurance does not only serve the purpose of coverage of a financial loss but can also be purchased from an investment/savings perspective.

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Bajaj Insurance Company Review: Plans and Policies-

Bajaj Insurance Company offers various schemes and policies for Indians such as Bajaj health insurance, Bajaj Allianz life insurance, motor insurance, travel insurance, etc.
An elaborate list of Bajaj Insurance policies are given below

Bajaj Allianz Health Insurance schemes-

  • AROGYA SANJEEVANI- This policy provides coverage of up to Rs. 5 Lakhs, Coverage provided on individual as well as family floater basis, assured lifetime renewals.

  • Health Care Supreme- This policy provides coverage of up to Rs. 50 Lakhs, pre-hospitalization, and post-hospitalization expenses covered, Maternity benefits can be availed from 3rd year of the policy.

  • Hospital Cash Policy- This policy provides daily cash benefits for each day of hospitalization, the sum insured amount can be upgraded during policy renewal.

  • Health Insurance For Senior Citizens- This policy provides coverage for pre-hospitalization and post-hospitalization expenses, The policy is meant for applicants up to the age of 70 years, covers pre-existing illnesses after 1 year of policy purchase.

  • Star Package: A 360 Degree Protection Plan- This policy provides coverage on an individual as well as family floater basis, pre-hospitalization and post-hospitalization expenses covered, assured lifetime renewals.

  • Health Ensure Policy- This policy covers pre-hospitalization and post-hospitalization expenses, policy covers homeopathic as well as ayurvedic treatment, policy has 0 age restrictions.

  • Health Insurance: Tax Gain Plan- This policy covers pre-hospitalization and post-hospitalization expenses, policy meant for applicants up to the age of 75 years, covers hospitalization as well as OPD expenses.

  • Personal Accident Insurance Policy: Personal Guard- This policy provides coverage during the time of death, permanent total disability, permanent partial disability as well as temporary total disability of the insured individual. The medical expenses pertaining to any acceptable accident-related treatment is covered under this policy.

  • Women's Health Insurance: Critical Illness Plans- This policy is specially designed for women that provides coverage for up to 8 critical illnesses, assured lifetime renewals.

  • Personal Accident Insurance: Premium Personal Guard Policy- This policy provides coverage during the time of death, permanent total disability, permanent partial disability as well as temporary total disability of the insured individual. Family cover policy options available too with an option to upgrade the sum insured upon policy renewal.

  • Top Up Health Insurance: Extra Care Policy- This policy is a top-up option to any existing Bajaj Allianz Health Insurance, pre-hospitalization, and post-hospitalization expenses covered for individuals up to the age of 70 years.


Bajaj Allianz Life Insurance schemes-

  • LIFE COVER VARIANT- This policy provides a competitive comprehensive coverage with competitive premium options, assured whole life cover with protection offered for 55 critical illnesses. Additional coverage options provided for a child and spouse.

Purchasing the right term plan/ health insurance plan can often be a meticulous task, requiring a lot of planning before arriving at a consensus. Although Bajaj insurance policies cover a wide spectrum of insurance plans catering to various needs, choosing a suitable policy that perfectly fits the requirements of an individual can be very chaotic and confusing. It can be all the more confusing when the individual plans to purchase a policy that covers his entire family.

On the other hand, North Loop comprehensive health and life insurance plans for Indians as well as NRIs around the world. North Loop offers a benefit of low premiums yet high coverage with the signup and approval procedure completely online, implying that North Loop is the ideal solution for you. Sign up now!

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This publication is provided for general information purposes only and is not intended to cover every aspect of the topics with which it deals. It is not intended be advice. You must obtain professional advice before taking, or refraining from, any action on the basis of the content in this publication. The information in this publication does not constitute legal, tax, investment or other professional advice from North Loop or its affiliates. We make no representations, warranties or guarantees, whether express or implied, that the content in the publication is accurate, complete or up to date. All opinions expressed do not reflect the views of North Loop nor are endorsed by North Loop.