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Bajaj Allianz Health Guard (Gold)

beshak-icon star
3.8/ 5
Claims Experience:
5.0
5/5
Customer Service:
4.4
4.4/5
Product Benefits:
3.0
3.02/5

Introduction to Bajaj Allianz Health Guard (Gold)

Bajaj Allianz Health Guard (Gold) Plan is a health insurance policy offered by Bajaj Allianz General Insurance Company Limited. Health insurance is a type of insurance policy that pays for hospitalization costs incurred as a result of an illness, accident, or injury. Bajaj Allianz’s Health Guard (Gold) Plan is a comprehensive health plan that offers various benefits and features and a range of add-on covers that cater to your and your family’s common healthcare needs.

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INDIA’S FIRST UNBIASED, CONFLICT-FREE INSURANCE RATING
Verdict: Bajaj Allianz Health Guard (Gold)

This plan strikes the perfect balance between affordability, features, and benefits. Not only is it significantly more cost-effective compared to other products, but it also offers comprehensive coverage. Besides hospitalization and related expenses, it covers several expenses including the cost of consumable items, bariatric surgery, maternity expenses, and OPD expenses, i.e., day-to-day expenses for medicines, tests, consultations, etc. One of the drawbacks of the product is that it does not give you the option to pay the premiums on a monthly basis. Further, as per our research, you are likely to have a pleasant experience with the insurer as they have received fewer claim settlement and policy purchase complaints.

Pros & Cons: Bajaj Allianz Health Guard (Gold)

  • arrow Cheaper than other products in the market
  • arrow No restrictions on the type of hospital room you choose
  • arrow Covers expenses associated with pregnancy
  • arrow Covers Bariatric surgery for weight loss
  • arrow Covers outpatient department costs, such as medications, tests, consultations, etc.
  • arrow Received fewer complaints during policy purchase compared to other insurers
  • arrow Received fewer complaints on claim settlement compared to other insurers
  • arrow Monthly premium payment mode not available
  • arrow Does not cover domiciliary treatment expenses
  • arrow Our study observed their responses on Twitter to be average in comparison to other insurers

Specific Exclusions: Bajaj Allianz Health Guard (Gold)

01 Dental treatment except for treatment required due to an accident
02 Injury or disease due to war, invasion, act of foreign enemy, and warlike operations
03 Hearing aids, multifocal lens, spectacles, contact lenses, etc.
04 External equipments of any kind used for diagnosis or treatment
+ Show 4 more


About Bajaj Allianz General Insurance Company Limited

Bajaj Allianz General Insurance Company Limited logo

Bajaj Allianz General Insurance Company Limited is a joint venture between Allianz SE and Bajaj Finserv Limited. With a diverse range of products such as health insurance, motor insurance, pet dog insurance, personal accident insurance, marine insurance, etc., the company caters to individuals across the country's demographics as well as the corporate sector. It was founded in 2000 and is headquartered in Pune, Maharashtra. Mr. Tapan Singhel is the company's CEO and MD. 

Founded in
2000
JV Partners
Bajaj Finserv Limited and Allianz SE
Turnover (GWP)
802.97 Crores
Number of Policies
68,04,744
Number of Claims
7,53,611

Detailed Product Specs: Bajaj Allianz Health Guard (Gold)

Claims Experience 5/5 star green
Customer Service 4.4/5 star green
Product Benefits (10L Sum Insured) 3.02/5 star green
Limits and Exclusions advisor
% of claims settled in less than 30 days
Reflects on the speed of settling valid claims
99.38%
% of Complaints received on overall claims
% customers unhappy with claims experience
0.06%
Claims Incurred Ratio
81.10%
Claim Settlement Ratio (No. of claims)
What % of the claims received were paid?
72.14%
No. of Cashless Hospitals
8,000 +

Compare Bajaj Allianz Health Guard (Gold) with top health insurance plans

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Notes
  1. The health insurance data was last updated in June 2023. All data has been sourced from product brochures, policy wordings, prospectus, public disclosures (Q1, FY 2023-2024), IRDAI annual report (2021-22), insurer websites, and the IRDAI website. 
  2. For now, we have considered the most comprehensive plans from leading insurance companies. We will keep updating the product pages with new plans in the coming days.
  3. We have rated only those plans that can be serviced by individual advisors. This is because of our strong belief that health insurance customers need professional assistance from individual advisors before and after purchase. We do not recommend and hence do not rate direct-to-customer health insurance plans or plans where there aren't enough advisors available to service. 
  4. Affordability assessment of plans: 
    • The affordability of comprehensive plans is assessed using premiums for a family of two adults (30 years old) and one child (1 year old) residing in Zone 1 opting for a cover of ₹10 Lakhs. And, the premiums are as of 31st June 2023.
    • The affordability of Care Freedom Plan is assessed using premiums for a 30-year-old male residing in Zone 1 opting for a cover of ₹5 Lakhs. And, the premiums are as of 31st June 2023.
  5. The product benefits section is based on a sum insured of ₹10 Lakhs and only highlights the top benefits and features of health insurance plans. 
  6. Only those hidden and special conditions that apply to the benefits and features we have considered are included in the product pages. 
  7. The product pages only include the most significant specific exclusions under each plan.
  8. The product pages do not include any generic terms, conditions, or exclusions (those that are the same and apply to all health insurance plans).
  9. If the policy wording, brochure, or prospectus state that a benefit/feature is available with a specific plan but it is not available online when generating the premium quote, we have not considered that benefit/feature to be available with the plan.
  10. The response time on Twitter (Beta) was calculated using a sample set of tweets from April, May, and June 2022 (analyzed in August, September, and October 2022). 
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