Bajaj Allianz Personal Accident Plan 2024 Benefits, Features, Buy & Renew

Bajaj Allianz Personal Accident Plan 2024: The uncertainty of life makes it impossible to predict what the future holds. Whenever a family member who contributes financially encounters an issue, the family is confronted with significant financial challenges. Bajaj Allianz’s personal accident plans offer assurance and financial stability in the face of unexpected events like death or disability. With the Bajaj Allianz Personal Accident Policy, policyholders are provided with a safety net to navigate the unpredictable nature of life and the potential for unforeseen difficulties. This policy guarantees that any sudden and unforeseen circumstances will not jeopardize your future. By offering complete security and serenity, the Bajaj Allianz Personal Accident Insurance policy safeguards the family’s well-being in case of an accident leading to the loss or injury of the main breadwinner.

As a prominent insurance provider in India, Bajaj Allianz presents a diverse selection of personal accident plans that cover a wide array of risks. These plans encompass benefits such as medical expenses, lost wages, and funeral costs. If you find yourself injured in an accident, it’s crucial to be aware of your entitlements and choices. This article furnishes details about the Bajaj Allianz Personal Accident Plan 2024, a highly comprehensive option in the market. We also provide guidance on how to initiate the process and address common inquiries.

Bajaj Allianz Personal Accident Plan 2024

The Bajaj Allianz Personal Accident Plan 2024 is meticulously crafted to offer extensive safeguarding for you and your family should an accident occur. This comprehensive plan encompasses the entirety of your medical costs, compensates for income loss stemming from the accident, and even caters to rehabilitation expenses if deemed necessary. Furthermore, you have the provision to claim monetary reparation for both physical pain and emotional distress, along with compensation for the loss of dignity. To begin, simply fill out the application form and submit it to Bajaj Allianz—leave the rest to us!

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The coverage provided by the Bajaj Allianz Personal Accident Insurance Policy is categorized into three main sections: Basic, Wider, and Comprehensive. Additionally, the policy can be enhanced with two supplementary add-on covers: hospital confinement allowance and medical expenses. With a policy duration spanning up to three years and a maximum sum insured of 25 lakh Indian Rupees, Allianz’s Accidental Insurance delivers robust protection. This policy safeguards the insurer against various circumstances, including death, permanent total disability, permanent partial disability, or temporary total disability, under the umbrella of the Bajaj Allianz Personal Accident policy.

Bajaj Allianz Personal Accident Plan Details 2024

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Bajaj Allianz Personal Accident Plan Scope of cover

In the event that you sustain an injury during your travels with Bajaj Allianz, rest assured that our Personal Accident Plan extends coverage to you. This comprehensive plan is designed to encompass a broad spectrum of scenarios, ranging from minor scrapes and bruises to more severe injuries. Therefore, whether you find yourself involved in an accident while journeying with Bajaj Allianz or you become a victim of a crime, our Personal Accident Plan stands ready to offer the necessary financial assistance.

This policy is structured to potentially cover both the proposer and their spouse, provided they fall within the age bracket of 18 to 65 years. Additionally, the health insurance plan can also extend coverage to dependents aged between 5 and 21.

Opting for the family package has its advantages; when you insure a minimum of two family members, a 10% discount on your premium will be applied.

Sum insured values –

The details pertaining to each of the three coverage options available within this plan—Basic, Wider, and Comprehensive—are outlined below:

Coverage Breakdown:

  1. Basic Coverage:

This option is accessible exclusively for individuals belonging to any of the three occupational risk categories, which are classified as follows:

  • Occupational Risk Level I: Includes individuals in managerial/supervisory roles, accountants, medical professionals, lawyers, architects, educators, and similar professions.
  • Occupational Risk Level II: Encompasses all physically demanding occupations, garage mechanics, machine operators, professional drivers, cash-carrying employees, builders, contractors, veterinary technicians, and similar professions.
  • Occupational Risk Level III: Covers workers engaged in underground mining, electrical installations involving high-voltage wires, professional big game hunters, circus performers, and similar professions.
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Main highlights of the Bajaj Allianz Personal Accident Plan 2024

The Bajaj Allianz personal accident plan is meticulously crafted to accommodate the evolving lifestyles of individuals. This policy boasts a remarkable level of flexibility, allowing it to be tailored precisely to the unique needs and preferences of each customer. Within its framework, a diverse array of benefits is offered, spanning medical expenses, death benefits, and various other expenditures. The policy’s fundamental objective is to simplify the customer’s life post-accident.

Several notable advantages inherent to the Bajaj Allianz Personal Accident Plan include:

  • Compensation equal to 125% of the total sum assured in the event of extremely severe total disability.
  • A benefit amount of approximately INR 15,000 is available without any additional premium requirements. These benefits are a fundamental component of this policy’s offerings.

The Personal Accident Plan by Bajaj Allianz offers benefits 2024

In the unfortunate event of an accident, it’s prudent to contemplate obtaining insurance coverage. After all, accidents are unforeseeable occurrences, and proactive preparation for such eventualities is advisable. However, determining the most suitable insurance option for your needs can be a task in itself. This is where the Personal Accident Plan provided by Bajaj Allianz steps in, presenting an assortment of advantages that can significantly alleviate the challenges should an incident take place. Here are merely a handful of the benefits you can anticipate from this policy.

Within this benefit structure, the nominee (selected by the insured party) receives compensation from the insurance company. This compensation amount is equivalent to 100% of the predetermined sum insured, following the demise of the insured individual.

A substantial physical injury arising from an accident, leading to enduring and total disability, is encompassed within this benefit. The coverage is applicable if this injury occurs no earlier than a year from the accident date. In such scenarios, the insurance company provides compensation up to 125% of the total insured amount.

A notable physical injury resulting from an accident that leads to partial disability is included within this benefit, provided it occurs within a span of 12 months or less. Compensation, ranging from 2% to 75% of the total insured amount, is disbursed by the insurance company based on the affected body part.

A notable physical injury resulting from an accident that prevents an individual from pursuing their occupation is encompassed within this benefit, as long as it occurs within a timeframe of 12 months or less. The insurer provides compensation equivalent to 1% of the insured sum, up to a maximum of INR 5000, for a duration of up to 100 weeks.

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Some of the good to have benefits offered in Personal Accident plan by Bajaj Allianz are 2024

If you find yourself susceptible to accidents, considering Bajaj Allianz’s Personal Accident insurance is a prudent choice. This policy not only offers financial security in the event of an accident but also comes with additional beneficial features such as roadside assistance, coverage for medical expenses, and compensation for loss of income. If you’re unsure about which policy suits you best, continue reading for further insights.

  1. TRANSPORTATION EXPENSE COVERAGE –

This benefit entails the coverage of expenses related to the transportation of the deceased individual’s remains, amounting to 2% of the sum insured, with a maximum limit of INR 500.

  1. Education Fund –

Under this advantageous provision, a sum of INR 5,000 is disbursed as an education fund for each dependent child of the insured individual under the age of 19. This payout is exclusively applicable in the case of a substantial claim for the insured’s death or disability. This benefit is applicable for up to two dependent children.

Value add cover Bajaj Allianz Personal Accident Plan 2024

Do you currently possess a Bajaj Allianz personal accident plan? If not, it’s high time to acquire one! This invaluable policy is designed to provide coverage for an array of expenses in the event of job-related injuries. Wondering about the merits of holding such a policy? Here are five compelling reasons why you should secure a value-added cover from Bajaj Allianz for your personal accident plan today.

Several benefits that enhance the worth of Bajaj Allianz’s personal accident disability plan include:

  1. NO-CLAIM BONUS

For each consecutive claim-free year, the company rewards you with a no-claim bonus equivalent to 10% of the base sum insured. This bonus accumulates for up to 5 years, meaning it can reach a maximum of 50% of the total insured amount.

Bajaj Allianz’s Personal Accident Plan ADD-ON COVERAGE

The supplementary benefits provided within the Accident plan by Bajaj Allianz, available upon payment of an additional premium, encompass:

  1. DAILY CASH/HOSPITAL CONFINEMENT ALLOWANCE

This benefit entails the payment of a daily cash sum of INR 1,000 per day, up to a maximum of INR 30,000, for every valid claim made under any section of this policy.

  1. Hospitalization Expense Cover

Within this advantage, in the event of any valid claim under this policy, the coverage extends to hospitalization expenses for treatment, amounting to 40% of the sum insured in the section, up to a maximum of INR 5,00,000.