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A healthcare plan for just Rs 89!

By A Correspondent in Mumbai
October 21, 2005 07:25 IST
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Bajaj Allianz Life Insurance Ltd has launched a three-year, 6-in-1 healthcare plan providing comprehensive health cover with life insurance benefit at price of just one cup of tea per day.

The premium remains the same for three years without change unlike other mediclaims where the premium increases annually.

This plan not only protects you and your family from the high expenses associated with medical care but also provides a comprehensive financial cushion against various health hazards.


Minimum Cover (Unit 1)

Hospital Cash (HC)

Equal to Room charges (Rs 500 per day & Rs 1,000 per day in ICU) Maximum Rs 30,000 in a policy year

Post Hospitalisation Benefit

50% of claim settled for HC per day, maximum 5 days in a policy

Surgical Benefit

Equal to surgical expenses, Rs 50,000 per policy year

Critical Illness Cover

Rs 50,000 during the policy term

Accidental Permanent Total/ Partial Disability (APT/PD)

Rs 50,000 payable on total disability and Rs 25,000 payable on partial disability

Life Cover

Rs 10,000

According to Bajaj Allianz, at the age of 18, for a premium of Rs 89 per month, you will get the benefits like life cover, hospital cash, surgical benefit, post hospitalisation benefit, critical illness cover and accidental permanent total or partial disability.

This healthcare plan offers wide acceptance across the country, as the benefits would be available for hospitalisation in any registered hospital with 15 beds across the country.

"The new healthcare plan offers an array of beneficial alternatives and flexibility to the common man. This new HealthCare plan offers a long-term affordable policy that not only protects one from huge medical expenses but also provides total solution against probable health hazards," Sam Ghosh, country manager Allianz & CEO Bajaj Allianz Life Insurance, said.

This healthcare plan is available in units between 1 (minimum cover) to 10 (maximum cover); wherein the policyholder has the option to choose separate units of various covers.

Hospital cash, post hospitalisation benefit & surgical benefit can be claimed on multiple occasions as per the coverage selected (subject to the overall limits) provided the policy is in force at the time of claim.

Specific critical illnesses which cover first heart attack, coronary artery disease requiring surgery, stroke, cancer, kidney failure, major organ transplantation, multiple sclerosis, aorta graft surgery, primary pulmonary arterial hypertension, Alzheimer's disease and paralysis are covered under the healthcare plan offering a minimum cover of Rs 50,000 during the policy term.

The healthcare plan also provides a financial cushion against the misfortunes of permanent or partial disability.

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A Correspondent in Mumbai