Private Health Insurance

The meaning of private medical insurance stands for a non-government funded plan that you purchase to cover medical costs that come with hospital stays, doctor visits and other medical treatments. A private health insurance is tailored only for you and offers you diverse medical benefits.

Hospital bills are rising every day, and according to Forbes, approximately 400 million people in India do not have access to health insurance. Hence, you can imagine the financial situation of these people. Do not fall into this and secure your life with the best private health insurance plan with Bajaj General Insurance. 

These are some of the aspects that distinguish between public and private medical insurance plans. We are all living in a world where not only are the medical bills rising, but also the health hazards. Therefore, it is always essential to choose a plan that is not limited to only one aspect and gives you maximum coverage. 

Read through the differences to obtain a better understanding.

At Bajaj General Insurance, you get benefits such as family cover and a hassle-free, quick process and peace of mind in the event of any health-related issues. 

The 5 reasons why you need private medical insurance or health insurance include

Financial Safety Net

We are all aware that medical emergencies can occur at any point in life, and one event can wipe out your revenues. In such times, health or medical insurance acts as a financial safety net. With coverages including ambulance charges, daycare treatment and daily cash benefit, you do not have to worry about gathering funds. 

Protects You From Rising Inflation

With health insurance, you can easily beat the rising inflation. It guards you against this by increasing your coverage with no-claim bonuses and further ensures that your policy and you are at peace with the high medical costs. Get benefits in the event of medical emergencies and for diagnostic tests, and stay worry-free with Bajaj General Insurance. 

Tax Benefits

Do you know that health insurance is a way of asking for a tax deduction? According to Section 80D of the Income Tax, all insurers who are paying for the health insruance premiums are eligible for tax deduction up to ₹25,000. For a preventive health checkup,s you can claim up to ₹5000.

To Minimise the Healthcare Costs

People are selling off their assets in order to pay the medical bills. According to the National Library of Medicine, 40% of Indian citizens are selling their assets to pay the bills. Seeing yourself and your family members in this scenario can be heartbreaking. Thus, buying private health insurance minimises healthcare costs effectively.

A Guard to Our Lifestyle

The lifestyle we are all living today is the ground for health hazards. According to the Indian Journal of Medical Research, 10 to 30% of young people specifically are suffering from health-related issues. Health insurance is thus not an option but rather a necessity that we require at present to protect ourselves from this lifestyle. 

How Does Health Insurance Work?

Health insurance generally works by you paying regular premiums to us for medical coverage, and in return, we cover your medical expenses. The covered medical costs need to be aligned as outlined in our policy wording.

We will cover you or reimburse you for

1. Pre and post-hospitalisation.

2. Ambulance charges for up to ₹20,000 in a policy year.

3. Day care treatments.

4. Organ donors.

5. Bariatric surgery

6. Ayurvedic treatments.

7. Maternity and newborn care.

Additionally, you do not have to make any payment up front to the hospitals since the hospital bills are settled through the insurance company. 

Moreover, a private medical insurance or health insurance works in other ways, including

1. You need to purchase a policy. The selection is based on the types of coverage it includes, along with its exclusions, add-ons and premium coverages. 

2. We will then calculate your premium based on your age and income, and will give you the most suitable one according to your medical needs. 

3. It gives you the benefit of cashless treatment.

4. Insurance companies like Bajaj General Insurance give you the coverage of a daily cash allowance of ₹500 for 10 days.

5. If you do not make any claim in a policy year, then you get the benefit of a no-claim bonus. This acts as a reward, and you can get a discount on premiums.

These are the ways through which a health insurance policy works.

How Can You Choose the Right Private Health Insurance Plan?

To choose the right private medical insurance plan, follow the pointers

Evaluate Your Needs

Evaluate your medical needs. You are required to determine your medical conditions, your health condition, and your age. Assessing your needs will help you make an informed decision. 

Compare the Coverage

Private health insurance plans offer wide coverage. Therefore, to choose the right one, you need to compare the premiums, their deductibles, sum insured. Understand the crucial benefits, such as waiting periods and claim processes. 

Assess the Network Hospitals

If you are investing a good amount to pay your premiums, you wouldn’t want your treatment to be mediocre. Would you? Hence, assessing the network of hospitals plays an important role. Understand the hospitals your insurance company covers, and do not sacrifice your treatment. 

Lifelong Renewbility

Ensure that your plan offers guaranteed lifelong renewability to avoid coverage gaps in the future, especially if you develop pre-existing conditions. Hence, never forget to compare the lifelong renewability.

Read the Policy Wordings

Reading and comparing the policies is essential to gain an overall understanding of the policy. Read the policy wording and compare it with the other plans on your hand to opt for the best one that fits you best.

Evaluate the Optional Coverage/Add-ons

Evaluating and comparing the optional coverage or add-ons helps you to understand what else your insurance company provides. The add-ons may include air ambulance cover, voluntary aggregate deductibles, health prime rider, and room capping waiver. Hence, always compare the add-ons and choose the right one. 

Read the Exclusions

People often forget to read through the exclusions, but you do not have to be like them. Do not only read the exclusions, but also compare with other ones and understand what the benefits are not covered.

What are the Benefits of Private Health Insurance by Bajaj General?

Purchasing health insurance comes with a wide array of benefits. Moreover, purchasing the best health insurance plan from Bajaj General Insurance comes with unique benefits that are tailored for you. Go through the pointers below to obtain a better understanding -

Coverage for Critical Illnesses

You get coverage for critical illnesses such as cancer, heart attack and stroke. This is an essential coverage which gives you a lump sum amount to pay for severe diseases. 

Premium Personal Guard

Premium personal guard is a type of insurance that protects you for your future. In the event of an unfortunate death or bodily injury due to an accident, you will get coverage up to ₹25 lakhs.

Global Personal Guard

With options including basic and optional cover, you get the coverage benefits in death, permanent and partial disability. You get additional benefits such as accidental hospitalisation expenses,  EMI payment cover, children's education benefit and many more. 

Hospital Cash Daily Allowance

At the Bajaj General Health Insurance Plan, you get the benefit of a hospital cash daily allowance. With the help of this benefit, you do not need to worry about paying money to the hospital.

State-Specific Insurance Plans

With state-specific insurance plans, you get to see the benefits that are tailored for you. If you are living in West Bengal, Jammu and Kashmir or in Goa, with the state-specific plans at Bajaj General Insurance, you get the personalised benefits in a health insurance plan.

International Coverage

It gives you the benefit of international coverage. Meaning if you face any health-related issues overseas, your insurance company will step in and assist you in this situation.

These are some of the benefits that you will get with Bajaj General Insurance. Secure your health with us with a premium starting at just ₹15/Day.

Note that the amounts are subject to change; thus, always visit the official website or get in touch with our customer care service to stay updated about your plan. 

What are the Best Private Health Insurance Plans Offered by Bajaj General?

The best private health insurance plans offered by Bajaj General Insurance include:

Individual Plans

Individual plans are purchased by you independently, rather than by any employer or through the government schemes. This plan is tailored to cater to your specific medical needs.

This plan comes with benefits such as

1. Hospitalisation and daycare treatments.

2. Pre and post-hospitalisation expenses.

3. AYUSH hospitalisation.

4. Floater and individual sum insured.

Family Floater Plans

You can cover all your family members under one plan, including your spouse, children and sometimes parents. With this plan, you get comprehensive financial coverage to safeguard your family members from sudden medical occurrences.

The coverage benefits include

1. Lifelong renewability.

2. No medical tests to get the plan.

3. Quick settlement process.

4. Coverage for preventive checkups.

5. In-patient hospitalisation.

Senior Citizen Plans

With age, you tend to get health issues; this is when a senior citizen plan steps in to assist you in times of medical expenses. This healthcare plan offers unique coverage for individuals above 60 years old. 

Some of the key benefits offered by the senior citizen plan include

1. Get coverage for pre-existing conditions when your waiting period ends. 

2. Get up to 10% of a cumulative bonus for every claim-free year.

3. Ensures coverage for preventive checkups, suggesting you get free health checkups.

4. Get the coverage benefit for mental health treatment and pre-existing conditions.

5. You are eligible to opt for this plan till 80 years old. 

Critical Illness Plans

A critical illness plan provides you coverage for illnesses such as cancer and heart disease. We give you the option to choose the sum insured amount ranging from 5 lacs to 5 crores with the availability of lifetime coverage. 

The types of critical illnesses that are covered in this plan include

1. Cancer care.

2. Cardiovascular care.

3. Neuro care

4. Kidney care

5. Transplant care and sensory organs care. 

Hospital Daily Cash Plans

This plan is made for you to give you coverage for daily hospital expenses. If you purchase this plan, you do not have to worry about gathering cash and can give time to care for the admitted person. 

The benefits of this plan include

1. Daily cash benefit

2. Flexible coverage

3. Tax savings

4. ICU coverage

5. Lifelong renewal

Personal Accident Plans

Staying safe on roads is essential, but accidents come unnoticed. This is a personal accident plan that comes into place. Personal accident plan by Bajaj General Insurance offers you coverage in the event of any bodily injury that has taken place due to road accidents. 

Key benefits of a personal accident plan include

1. Gives you a wide coverage and ensures your peace of mind. 

2. The premium comes cheaper than any other plan.

3. You get a lump sum amount with a quick claim settlement process. 

4. Get coverage for death, permanent total or partial disability.

Bajaj General Insurance offers these plans. Read through the list and visit the official website to get a quote and secure your health with us, and get peace of mind in return.

What are the Tips for Maximising Your Private Health Insurance Coverage?

Follow these simple steps to maximise your private medical insurance

Preventive Care

Many insurance company gives you the coverage benefit of preventive care. Suggesting that you will not have to pay any out-of-pocket amount for checkups. Opt for a plan that gives you the benefit of preventive care.

Opt for Top-up or Add-on Plans

Always look for a plan that offers add-ons for your plan. With the help of add-ons such as international covers, air ambulance cover, and bariatric surgery cover, your existing health insurance plan automatically gets maximised. 

Increase the Sum Insured

With greater investment comes greater security. Therefore, if you wish to increase your existing sum insured, your premium will increase at a minimum level.  However, note that you will be required to face a waiting period during the time of waiting period.

Choose Network Hospitals

In the event of any unexpected medical events, always choose the network hospitals that your insurance company offers. If you go with other network hospitals, your insurance company may not settle the hospital bills. 

Buying private health insurance online offers various benefits. Mainly, it is driven by factors such as transparency, cost-effectiveness, and convenience. Buying health insurance online helps you to evaluate, compare and purchase the plan directly. 

The reasons to buy online include

Easy Comparison

Suppose you are purchasing a plan offline from the insurer. The insurer will only make you understand one plan. Thus, buying online gives you the benefit of comparing the plans effectively and choosing the right one that fits you the best. 

You Get Lower Premiums

Purchasing online often results in cost savings. It is mainly because it removes the involvement of any agents, further eliminating the commission costs. 

You Get Greater Transparency

When you are purchasing your plans online, you get to see the plans' details, terms and conditions, and the plans' cost. This transparency, therefore, helps you to understand what plan you are purchasing and how this is going to benefit you. 

You Save Your Time

When you compare the plans online, you not only get to see the whole plan with greater transparency, but you also save time. You do not have to visit the insurance office; you can compare private medical insurance conveniently. 

Less Paperwork

Purchasing a medical insurance plan online is best because you will not be involved in paperwork.  The online application process involves a paperless process, further eliminating the need to carry important documents. It prevents you from making any mistakes in your application process. 

You Choose What Fits You the Best

When you compare medical insurance online, you do not decide based on anyone’s influence. You compare the plans, and you make your own choices. Thus, purchasing online is always the best option.

Secure Transaction and Easy Management

When you purchase private medical insurance online from reputable platforms like Bajaj General Insurance, the transaction process is secure, and you can easily manage the purchase process. 

What is a Zone Wise Premium?

Applies to Individual Health Guard and Family Floater Health Guard

Choosing Bajaj General Insurance Limited for private health insurance ensures comprehensive coverage and peace of mind when you need it most. Offering cashless treatment at 18400+ network hospitals across India, Bajaj General Insurance Limited makes accessing quality healthcare convenient and hassle-free. Individual health insurance plans and family floater plans are made to suit diverse needs, including critical illness coverage and senior citizen plans for age-specific requirements.

With policies like Individual Health Guard and Family Floater Health Guard, Bajaj General Insurance Limited provides value-driven features, such as daily cash benefits, organ donor expenses, and pre-and post-hospitalisation coverage.

By selecting Bajaj General Insurance Limited, you’re opting for customised, cost-effective health insurance plans designed to cover your health needs efficiently. Protect your health today with Bajaj General Insurance Limited for a secure tomorrow.