Bajaj Allianz General Insurance announced the introduction of its Global Health Care product, which intends to offer health insurance coverage to all of its policyholders. According to a statement from the company, the product enables insured members to arrange any treatment without anxiety, whether it be in India or overseas, taking use of the world’s greatest medical facilities.
The company added that Bajaj Allianz General Insurance and Allianz Partners worked together to give its clients a seamless claims experience through the company’s distinctive and large worldwide network of health care providers.
One of the widest sum insured ranges offered on the Indian market is provided by the Global Health Care plan, which spans from Rs. 37.50 lakh to Rs. 3.75 crore (USD 1,00,000 to USD 10,00,000).
The product comes with two plans, the “Imperial Plan” and the “Imperial Plus Plan,” both of which provide domestic and worldwide coverage. In-patient hospitalisation treatment, pre- and post-hospitalization costs with benefits like ambulance (air and road), living donor medical costs, modern treatment methods and technological advancement, mental illness treatment and rehabilitation, among other things, are covered by the domestic coverage for the “Imperial Plan” and “Imperial Plus Plan.”
“The product addresses these exact reservations and provides you that relief in opting for best-in-class treatment anywhere in the world without worrying about the financial burden,” said Tapan Singhel, MD and CEO at Bajaj Allianz General Insurance. “Many of us want to look at international treatment options for our loved ones and ourselves, but we rarely opt for it because of the massive expenses anticipated, and it can potentially deplete the life savings of an individual.
Indian residents of the country are offered the product, which has an individual sum insured available for a one-year policy cover period. The entry age ranges from 18 to 65 years for adult members and three months to 30 years for dependent children with a lifetime renewal option.