Industry’s first health insurance
policy with unlimited sum insured..!
Bajaj Allianz General Insurance launches ‘Health Infinity’ – industry’s
first health insurance policy with unlimited sum insured
Policy can be taken for 1 year, 2 years or 3 years
Pune, February 11, 2020:
Bajaj Allianz General Insurance, India’s leading private general insurer
today launched ‘Health Infinity’, which is industry’s first individual health
insurance policy that provides unlimited Sum Insured (SI).
With this policy,
the company aims to not only make health insurance an attractive proposition,
but also give customers a product without any restrictions on Sum Insured to
avail quality medical treatment in times where we are seeing steep increase in
medical costs.
Under Health Infinity, a person can choose coverage limit according to the
per day room rent options which range between Rs. 3, 000 to Rs. 50,000. Based
on the chosen option, she or he will be indemnified 100 times of the per day
room rent limit, beyond which if the claim amount exceeds, a co-payment of 15%,
20%, or 25% is applicable as opted by the customer at the time of purchasing
policy.
This co-payment is applicable only on the claim amount which exceeds 100
times room rent and not on the total claim amount.
This policy covers in-patient hospitalization treatment without any
sublimit and can be bought for a period of 1 year, 2 years or 3 years. The
premium of this policy will vary depending on the age of the proposer, per day
room rent opted and the co-payment option availed.
For example, for a 40 year old person the premium for a Rs. 10,000 per day
room is approx. Rs. 14,600 plus tax.
Commenting on the launch of Health Infinity, Mr. Tapan Singhel, MD &
CEO, Bajaj Allianz General Insurance said, “Our strong belief that a health
insurance policy with adequate coverage leads to higher life expectancy of
individuals, and this drives us to continuously innovate in insurance service
space. As medical exigencies are unpredictable, it is difficult to determine
the medical expenses in advance and accordingly opt for a policy. With Health
Infinity, we have removed these constraints and introduced a cover for our customers,
with unlimited sum insured for the first time in the insurance industry in an
attempt to provide them unlimited care and security in the truest way.”
Health Infinity will cover pre hospitalization medical expenses of 60 days,
post- hospitalization of 90 days, road ambulance expenses up to Rs. 5,000 per
hospitalisation and day care procedures as listed in the policy document. The
company will also offer wellness discount, family discount and long term policy
discount depending on policy terms and conditions.
Though this policy, you could also opt for individual sum insured for your
spouse, dependent children and parents as per applicable premium rate based on
age of each family member. The entry age for this policy is 18 years – 65 years
and for dependent children it’s 3 months – 25 years.
Pre-existing diseases are covered after 36 months. Under Health Infinity,
insured can avail preventive health check up at the end of every Three
consecutive policy years. Moreover, no pre-policy medical tests are required
for up to 45 years of age in case of a clean proposal form.
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