Given that insurance companies demand greater premiums and medical examinations before granting coverage, choosing the Bajaj Allianz Health insurance for a Senior Citizen can be challenging. With plans to provide ongoing income after retirement and plans to protect the senior policyholder’s family in the worst-case scenario, Bajaj Allianz Life Insurance offers insurance for senior individuals and those who are approaching old age.
Different Bajaj Allianz Senior Citizens Plans include
Retirement strategies – The following products are offered by Bajaj Allianz and are meant to give you a consistent income throughout your post-retirement years.
The Bajaj Allianz Pension Guarantee Plan offers benefits for as long as you live and payments to your children or nominees after your death. It has an entrance age limit of 80 years and offers a choice of six plan variants with differing benefits payable in various amounts.
Plan to Retire Rich from Bajaj Allianz: flexibility in choosing between three different premium payment terms. This ULIP offers guaranteed vesting as well as death benefits, and the maximum entry age is 55.
Bajaj Allianz Lifelong Assure Plan: The plan offers death benefits of up to 300% of the Sum Assured, as well as coverage up to age 100 and guaranteed income after retirement.
Insurance for senior citizens traveling: Don’t allow your vacation to end prematurely because you have to pay for expensive medical care abroad.
Senior Travel Insurance: This policy will pay for hospital bills, lost luggage, and a variety of other unforeseen costs and hassles. Up until the age of 75, coverage is offered. Additionally, policyholders benefit from immediate Emergency Cash Advances.
Starting on July 1st, 2017, a GST of 18% will be charged on life insurance.
Bajaj Allianz Senior Citizens Health Insurance inclusions
The Bajaj Allianz Health Insurance for Seniors provides the following coverage:
- Hospitalization costs for patients on-site
- Costs of pre-hospitalization
- After-Hospitalization Costs
- Emergency Room Fees
- The Daycare Process
- Modern Treatment Techniques and Technological Advancement
Alternative Covers:
No-cost Co-Payment
Bajaj Allianz Health Insurance Exclusions for Senior Citizens
The following coverage is not provided by Bajaj Allianz General Insurance Company:
- Alternative medicines
- Dentist visits
- Techniques to control weight and obesity
- Therapy for alcoholism
- Treated outside of India
- Intentional harm to oneself
Bajaj Allianz Health Insurance for Senior Citizens Eligibility Requirements
The following qualifications apply to parents purchasing Bajaj Allianz Health Insurance for senior citizens:
| Category | Eligibility Requirements |
| Entry Age: | Minimum: 46 Years; Maximum: 70 Years |
| Household Members | Covered Myself and My Wife |
| Renewability | Forever |
FAQs
Ans. You can visit Policybazaar.com or the company’s official website to view the Bajaj Allianz Silver Health insurance plan’s premium schedule.
Q2. For senior citizens, what are the appropriate status under Bajaj Allianz Health Insurance?
Ans: The following waiting periods are included in the Bajaj Allianz Silver Health Insurance plan:
a) 30 days are the initial waiting period.
b) existing illnesses wait time of 12 months
c) Review time for specific diseases: 12 months
Q.3 When is the best time for me to increase the amount covered by my Bajaj Allianz health insurance plan?
Ans: Only during renewals may you increase the amount protected within your Bajaj Allianz Silver Health Insurance plan.