Bajaj Allianz Personal Guard-Basic Plan (Personal Accident Cover)

Will be updated soon.

Entry Age (years)

Minimum

18; 5 for Children

Maximum

65

Maximum Policy Renewal Age (years)

65

Coverage Type

Individual

Sum Insured (Rs)

Maximum

100 times of monthly income subject to maximum of Rs 25 lakh

Policy Term (years)

1

Tax Benefit

Not Available

Discount

Family discount of 10% is applicable

No Claim Bonus

5% increase in Sum Insured for every claim free year to a maximum of 50% of initial Sum Insured. If a cumulative bonus has been applied and a claim is made, then in the
subsequent Policy Year the cumulative bonus will automatically be reduced by 10%

Grace Period for Policy Renewal

30 days

Policy Termination

Insurance company may terminate the policy by giving a written notice of 7 days. Policyholder is also allowed to terminate the policy by giving a 7 days written notice. In case no claim has been made under the policy, percentage of premium will be refunded

Customer Service

Address

Bajaj Allianz General Insurance Company Limited. GE Plaza, Airport Road, Yerawad, Pune - 411006

Mail to

[email protected]

Call to

1800 225858(BSNL/ MTNL); 1800 1025858 (Bharti users- mobile/ landline) or 020 30305858

Scope of Cover
Cashless Facility	Not Available
Accidental Death	Covered; pays 100% of Sum Insured if death takes place within 12 months of accident
Transportation of Mortal Remains	2% of Sum insured or Rs 5000 whichever is lower
Hospital Cash	Covered; Rs 1000 per day upto maximum of 30 days
Medical Expenses	Covered; Reimbursement upto 40% of valid claim amount or Rs 5 lakh, whichever is lower
Children's Education Bonus	allowed in case of death or permanent total disablement; Rs 5000/- for a child or Rs. 10,000/- maximum for 2 children below the age of 19 or 10% of capital sum insured, whichever is less

Premium per Rs 1000 Sum Insured
Risk Class*	I	II	III
Premium Rate (in %)	0.45	0.6	0.9
Medical Expenses	25% of above premium	25% of above premium	25% of above premium
Hospital Confinement	Rs. 300 per person	Rs. 300 per person	Rs. 300 per person
Premiums depend upon nature of occupation and level of risk involved. . Premiums are exclusive of service tax.
*Various Risk ClassesRisk Class I : Administrative/managing functions, accountants, doctors, lawyers, architects, teachers and similar occupations.Risk Class II : Manual labour, garage mechanic, machine operator, paid driver, (car / truck / heavy vehicles) cash carrying employee, builder, contractor, veterinary doctor and similar occupationsRisk Class III: Workers in underground mines, electric installations with high tension supply. Jockey, circus performers, big game hunters, mountaineers, professional river rafters and similar occupations.